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Ghosn quits as Nissan CEO,remains chairman

dpa logodpa 23/02/2017

Nissan chief Carlos Ghosn has tapped company veteran Hiroto Saikawa to replace him at the Japanese car maker, although Ghosn will stay on as chairman.

Carlos Ghosn will step down as Nissan Motor's chief executive and has tapped company executive Hiroto Saikawa to be his replacement.

Saikawa will officially take the post on April 1, while Ghosn, who also leads Renault, will remain chairman of Japan's second-largest car maker, Nissan said on Thursday.

Ghosn also serves as chairman of Mitsubishi Motors after Nissan bought a 34 per cent stake in the scandal-plagued Japanese car maker in October.

In 1999, the French carmaker sent Ghosn to financially strapped Nissan for a turnaround.

"I will continue to supervise and guide the company, both independently and within the Renault-Nissan-Mitsubishi alliance," Ghosn said in a statement.

Saikawa, who joined Nissan in 1977, has been groomed for the role, serving as co-CEO since late 2016.

"I am confident that the management team I have developed at Nissan over the past 18 years has the talent and experience to meet the company's operational and strategic goals," Ghosn said.

The embattled company revealed in April it had falsified data on fuel economy tests in Japan for four mini vehicles, including two produced for Nissan.

The scandal spread to other models in the domestic market as Mitsubishi, Japan's sixth-largest car maker, conceded it had found irregularities in fuel economy data for all 29 models during the past 10 years.

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