Auto executive turned international fugitive Carlos Ghosn says Covid makes industry ripe for consolidation

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Auto executive turned fugitive Carlos Ghosn says Covid makes industry ripe for consolidation

from Japan on Dec. 29, the former Nissan chairman said the industry will continue to struggle even after a vaccine is approved.

"Even if they find a vaccine immediately, is going take probably one year before things start to come back to normal. A lot of companies are going to be struggling. They're going to be suffering," he said in an interview on CNBC's "He's now writing a book about his time at the Japanese automaker, which he was credited with saving from the brink of ruin before the then-CEO had him arrested on accusations of a variety of financial crimes last year. While the U.S.

Ghosn said companies that lack vision will likely become takeover targets for those with better balance sheets or plans for the future, including electric vehicles. He believes Nissan as well as its alliance partners, Renault and Mitsubishi, could be companies that don't survive. Nissan and the alliance didn't immediately have a response to Ghosn's comments about the company after business hours at their headquarters overseas.

 

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ClosingBell great interview with Carlos Ghosn. It also points to the strong and ongoing homogeneity of the Japanese culture. SaraEisen

The Embezzler

You could say 'daring escape from Japan' or you could say 'fled prosecution'

How can he be shadowed by himself in the pic😂

Since when do we listen to the insight of criminals?

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