Nissan CEO stirs fear in Mitsubishi factory town
Employees are rattled, suppliers uncertain about future after Carlos Ghosn announces his firm will acquire 34% of scandal-tainted carmaker
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Tokyo
INVESTORS cheered when Nissan Motor Co chief executive Carlos Ghosn announced in May that his company would acquire a 34 per cent stake of scandal-tainted Mitsubishi Motors Corp as part of an expanded strategic partnership. The reaction has been far less buoyant in Mizushima, an industrial town in southern Japan that's home to Mitsubishi's flagship assembly plant.
Back in April, Mitsubishi Motors shocked its suppliers, employees and the entire automotive industry when it disclosed that it had improperly tested the fuel economy performance of four minicar models built for its joint venture with Nissan and had manipulated related data.
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