Ghosn predicts Nissan will go bankrupt in 2-3 years

Ghosn predicts Nissan will go bankrupt in 2-3 years

Silence isn’t golden, at least not where Carlos Ghosn is concerned. The former chairman and CEO of Nissan has spoken again about his ex-company, saying that it will go bankrupt within two to three years, as Reuters reports.

The prediction was made last year in a series of conversations with his defense attorney about his arrest and prosecution. Ghosn, who was facing charges of financial misconduct in Japan and was under house arrest, made a spectacular escape from Japan to Lebanon in December. He gave a lengthy press conference earlier this month, saying he fled because he didn’t think he would have a fair and speedy trial.

In the latest round, Nobuo Gohara, a former prosecutor who also is a vocal critic of Japan’s justice system, revealed that which Ghosn had said. “He told me that Nissan will probably go bankrupt within two to three years,” Gohara said. He added that Ghosn did not offer details on why Nissan would run into financial difficulties. Azusa Momose, a spokeswoman for Nissan, declined to comment on the matter.

Ghosn predicts Nissan will go bankrupt in 2-3 years

Gohara said he met with Ghosn five times over a two-month period just before Ghosn made his escape. The interviews were for a book Gohara planned to publish before Ghosn’s trial began, but now unlikely to happen. The lawyer said Ghosn had given permission to disclose the details of their conversations.

Ghosn was arrested in November 2018, and spent approximately 108 days behind bars before being freed on bail last year under strict conditions, such as not being able to communicate with his wife and only being allowed to use a computer in his lawyer’s office.

He has been accused of under-reporting his income, using Nissan to shoulder personal investment losses, and other acts of financial misconducts. Ghosn has denied the charges leveled against him.

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Anthony Lim

Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap. Having spent more than a decade and a half with an English tabloid daily never being able to grasp the meaning of brevity or being succinct, he wags his tail furiously at the idea of waffling - in greater detail - about cars and all their intrinsic peculiarities here.

 

Comments

  • Calvin on Jan 24, 2020 at 11:58 am

    Never should have doubted the man that saved you. Nissan is so ungrateful. When they were down, when they were practically bankrupt, they went to Renault begging on their knees for help.

    And Renault was so generous to send in their best A Team and their best CEO and tons of money to save them. And save them they did, all thanks to Ghosn whose achievements are like Messiah. And what the japanese did, they backstabbed him and paraded him around to be shame just like Messiah. They were about to sacrifice him just like Messiah but he was smart to run in the end. Japan didn’t syukur for him coming to save them but instead wanted to end him. And there are many examples like these japanese that never syukur for being saved.

    These japanese and others like them don’t deserve leaders such as Ghosn & Najib & Mesiah that only appears once in 2000 years, willing to put everything they had into saving their company/country/souls, but see what those got saved do to them? Jailed, spat at, publicly humiliated, willing to sacrifice them w/o thinking what they had done to save them.

    The world and its people and history doesn’t deserve such luminaries.

    Well-loved. Like or Dislike: Thumb up 124 Thumb down 51
    • Brian on Jan 24, 2020 at 2:46 pm

      Now the fugitive talk big… #lapor interpol

      Like or Dislike: Thumb up 4 Thumb down 2
    • Fernandez on Jan 24, 2020 at 3:25 pm

      Ungrateful are the people who are given special privileges and affirmative policy but still demanding more and more and more and more

      Like or Dislike: Thumb up 13 Thumb down 10
    • Hari Ini Dalam Sejarah on Jan 24, 2020 at 3:33 pm

      Dulu kutuk China. Kata pendatang dan balik tongsan. Akhirnya, kowtow kepada China juga dan jual semua benda kepada China

      Sekarang, kutuk Jepunis. Akhirnya jadi macam China juga….kowtow dan cium tangan Jepun

      Like or Dislike: Thumb up 5 Thumb down 7
    • Najib??? Saving the coutry??? What’s the hell you are talking???

      Like or Dislike: Thumb up 16 Thumb down 4
      • Crony on Jan 25, 2020 at 12:53 am

        He was saving the country from us. Too bad we won. He he he he he

        Like or Dislike: Thumb up 4 Thumb down 1
    • Bossku Pun Ada Bossnya Sendiri on Jan 24, 2020 at 3:57 pm

      One thing I respect Ghosn, at least he is a real man and not takut bini. the worst is being a leader but you takut bini and your bini is the one that wears the pants

      Like or Dislike: Thumb up 13 Thumb down 3
    • Haidi on Jan 24, 2020 at 4:01 pm

      You are so irrational. Crime is crime.

      Like or Dislike: Thumb up 9 Thumb down 12
      • Dredd on Jan 25, 2020 at 11:58 am

        Crime is only accused by those who seek their downfall. These jealous arses are the real criminals.

        Like or Dislike: Thumb up 3 Thumb down 1
    • Lier like kuntA on Jan 24, 2020 at 5:20 pm

      Why believe man with no integrity.

      Like or Dislike: Thumb up 3 Thumb down 3
    • potato on Jan 25, 2020 at 1:02 pm

      same as Japan relationship with America, once Japanese have the military strength to go head to head with America, with no hesitation they will. There’s always a day for revenge. This is why America is reluctant to share their best tech with Japan.

      Like or Dislike: Thumb up 0 Thumb down 1
  • Darren on Jan 24, 2020 at 12:04 pm

    Habislah Nissan!
    Habislah Jap fanboys!

    Like or Dislike: Thumb up 31 Thumb down 4
    • Ganapathy John on Jan 24, 2020 at 3:07 pm

      Actually past CEOs of Proton should be arrested also if follow this kind of accountability system

      Proton lost so much of rakyat’s money and how come now after new foreign CEO come into play, the company can make money??

      Like or Dislike: Thumb up 11 Thumb down 2
    • Fernandez on Jan 24, 2020 at 3:27 pm

      Japanese collapse means Toyota collapse. Toyota collapse means UMW will collapse. This will mean 20,000 abang2 will be out of a job

      Don’t forget Perodua also will collapse. 5000 aban2 also in Perodua factory also will be out of a job

      Like or Dislike: Thumb up 5 Thumb down 32
      • The Truth About Honda Malaysia on Jan 24, 2020 at 6:35 pm

        Japanese collapse means Honda collapse. Honda collapse DRB Honda and Kah Motor Honda. It will also lose thousands jobs and all Honda dealers in Malaysia will close shop including worldwide because of quality and aftersales service which never improve at all.

        Like or Dislike: Thumb up 22 Thumb down 2
      • potato on Jan 25, 2020 at 1:04 pm

        UMW has other big business like construction, so worse case they change name from UMW Toyota to UMW BMW hehe.

        Like or Dislike: Thumb up 3 Thumb down 3
  • Kecihan on Jan 24, 2020 at 12:19 pm

    If nissan go bancrupt. Then nissan only can become supercar company that continue making gtr version by version and sell it like ferarri price. Habislah nissan.

    Like or Dislike: Thumb up 17 Thumb down 4
  • basherlogic on Jan 24, 2020 at 12:32 pm

    Hahaha! same crook like Pokjib, msia bangkerap..

    Like or Dislike: Thumb up 7 Thumb down 12
  • Sumerian Tablet on Jan 24, 2020 at 12:56 pm

    2022-2023 Dignity of Day Produce going down the sewage

    Like or Dislike: Thumb up 2 Thumb down 0
  • Brian on Jan 24, 2020 at 1:21 pm

    This guy was so good, he should be our minister in charge of everything else and with Najib back as PM, they can fix everything that Pakatan had broken, namely their promises first.

    Like or Dislike: Thumb up 55 Thumb down 18
    • Angry Voters on Jan 24, 2020 at 1:38 pm

      Hear! Hear! Let them lead!

      Like or Dislike: Thumb up 18 Thumb down 5
    • Fernandez on Jan 24, 2020 at 3:29 pm

      Already got RM1 trillion ringgit debt, now it will increase to 2 trillion ringgit if takut bini comes in

      Like or Dislike: Thumb up 2 Thumb down 4
      • Crony on Jan 25, 2020 at 12:55 am

        BN took 60 years to get RM1 Trillion debt.
        PH took 20 months to get RM1 Trillio debt.

        Like or Dislike: Thumb up 9 Thumb down 4
    • Hari Ini Dalam Sejarah on Jan 24, 2020 at 3:34 pm

      Jangan lupa beli Birkin dulu ya bang?

      Like or Dislike: Thumb up 1 Thumb down 3
    • Bossku Pun Ada Bossnya Sendiri on Jan 24, 2020 at 3:58 pm

      Most important for a leader is to wear the pants and not takut bini and let the bini run the company or country

      Like or Dislike: Thumb up 1 Thumb down 4
  • seancorr (Member) on Jan 24, 2020 at 2:06 pm

    I bet the Japanese government will not let Nissan go under. Same like our government to Proton.

    Like or Dislike: Thumb up 9 Thumb down 9
    • Not really. If the Japanese government would help them, Nissan didn’t have to ask Renault for rescue back then.

      Like or Dislike: Thumb up 5 Thumb down 0
    • The Truth About Proton Cars on Jan 24, 2020 at 2:54 pm

      Nissan still contributed to tax of Japan Government. In Japan, even if you are loss making, you must pay tax.

      As for Proton, 20 years Proton did not pay tax because our taxation laws say that if you don’t make money, no need to pay a single sen of tax.

      Perodua on the other hand have paid over RM20 billion in taxes to LHDN the past 20 years.

      Pity Proton never contributed anything to Government coffers. Worse still, they still have not paid back RM20 billion in bailouts and grants

      Like or Dislike: Thumb up 3 Thumb down 7
      • Chavez on Jan 25, 2020 at 12:05 pm

        Fake news. We know Perodua had never paid any taxes because they sent all profits back to Japan before financial year ended so they end up technically unprofitable. When they are declared unprofitable, they don’t have to pay any taxes but they enjoyed all the National Car incentives and tax deduction. It is time their status as National Car maker is pulled back and they forced to payback all the billions they owed for slushing money out of Malaysia.

        Like or Dislike: Thumb up 2 Thumb down 0
    • Alex Goh on Jan 24, 2020 at 3:24 pm

      Well, Nissan was on the verge of bankruptcy when Renault gave them a hand. Otherwise we won’t see the GTR or the Leaf.

      Anyway I am not sure about the Japanese, but the Chinese sure won’t like anyone as smart as him to say such thing.

      It’s bad luck. Suwey. Phuik!!

      Like or Dislike: Thumb up 3 Thumb down 0
    • Haidi on Jan 24, 2020 at 4:02 pm

      I somehow agree.

      Like or Dislike: Thumb up 0 Thumb down 0
    • Brian on Jan 24, 2020 at 4:48 pm

      Well the Jap govt colluded with Nissan Jap execs to wrench back control of their precious jewels from Renault only to find themselves balless for this underhanded tactic.

      Like or Dislike: Thumb up 4 Thumb down 0
  • vivizurianti on Jan 24, 2020 at 2:39 pm

    I am sure china-mega-companies are circling around Nissan like vulture now.

    Like or Dislike: Thumb up 5 Thumb down 0
  • Rogaz on Jan 24, 2020 at 2:47 pm

    Hey man, why an experienced company behave like Proton. China is waiting to save you Nissan. Now Japanese is losing too not just Malaysia.

    Like or Dislike: Thumb up 6 Thumb down 0
  • C.P. MOHAN on Jan 26, 2020 at 6:50 pm

    Do not want to take sides, in my opinion, the skill one was “called” to assume while the unskilled assumed it was a privilege.

    Like or Dislike: Thumb up 0 Thumb down 0
 

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