Cars and Drivers
Will Wagoner End Up At Nissan/Renault?
Published:
Last Updated:
Rick Wagoner, former CEO of GM (GM), is not old enough to retire. He has an incredible CV which includes running a huge but troubled car company for eight years. Another firm in the same industry may want to tap that experience by making his head man.
Toyota (TM), Honda (HMC), and Peugeot have already replaced their top managers. Ford’s (F) and Chrysler’s CEOs look safe, for now. The next auto company chief likely to be fired is Carlos Ghosn who has run Nissan and Renault for a number of years. Nissan will post its first fiscal year loss in 10 years. That kind of performance was not tolerated by the boards of Toyota and Honda.
The Nissan alliance with Renault is now a decade old. It is starting to show a lot of wear as the car recession deepens. Like GM, it needs new leadership with a new perspective. Wagoner is the man.
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
