Carlos Ghosn officially folded troubled Mitsubishi Motors into the Renault-Nissan alliance and appointed himself chairman, forecasting nearly half a billion dollars in savings as soon as next year as the group joins a small club of automakers operating at a massive scale.
M Motors company, importer of Mitsubishi brand, was looking during the holidays for a new CEO. Former head of the company Martin Krob now manages Slavia football club.
Martin Krob retired after nearly ten years as the CEO of M Motors. The company is selecting his successor. He will manage import of Mitsubishi cars to Czech Republic.
When Carlos Ghosn was brought in to rescue money-losing Renault in 1996, it took him only a year to turn the French carmaker around. The 20 billion French francs of expense cuts he imposed earned him the nickname Le Cost Killer.
The president of Mitsubishi Motors, Tetsuro Aikawa, will step down less than two years in the job amid a widening fuel economy scandal that torpedoed the automaker’s sales and led to it selling a controlling stake to rival Nissan Motor Co.
Automakers offers fresh news delivered to your E-mail inbox three times a week, and from January 2006 daily newsletters. All news and Web content is available in both Czech and English languages. The content of the newsletters is details about new products and pricing, info about retail sales tactics and developments and comprehensive coverage from the world of suppliers and manufacturers.