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COURSE CORRECTION
Battered and bruised, Nissan limped through 2020, the year Ghosn was supposed to finally stand trial in Tokyo and bring closure to one of the wildest corporate scandals ever. But Ghosn was gone, and instead of closure, Nissan was bracing for its biggest-ever annual operating loss. The Alliance hung in an uneasy truce with each company mired in its own problems.
Makoto Uchida, Nissan’s fifty-four-year-old CEO, was untested in a global leadership role. He launched a restructuring plan to restore profitability centered on a wave of badly needed new vehicles that would either power Nissan out of its slump or become a massive money pit.
Uchida’s revival plan ironically took a page from Ghosn’s 1999 playbook, when Renault ...
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