Tag Archives: christian meunier

Nissan and SK On Reveal EV Battery Deal

Nissan (7201T and NSANY ADR) and SK On said today that SK On will supply ~100GWh of U.S.-made batteries from 2028 to 2033.  This is Korean SK On first partnership with a Japanese automaker.

“This agreement with SK On is a significant milestone for Nissan’s electrification journey and supports further investment in U.S. manufacturing,” said Christian Meunier, chairman, Nissan Americas. “Through this smart partnership with SK On, we can leverage their growing U.S. production capacity to deliver innovative, high-quality electric vehicles that meet the needs of our customers.” Continue reading

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Nissan CEO Uchida Ousted

Nissan Motor Company today said that effective 1 April 2025  the Board of Directors has approved titles and areas of responsibility for the representative executive officer and executive officers. Ivan Espinosa, currently the chief planning officer, has been appointed as the representative executive officer, president, and CEO, succeeding Makoto Uchida.

Thus the Nissan soap opera continues going all the way back to the overthrowing of CEO Carlos Ghosn. The move comes as the Honda Nissan merger talks collapsed. Continue reading

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French are Running Nissan Americas and in Japan

Christian Meunier has been named chairman, Nissan Americas, effective 1 January 2025. He replaces Jérémie Papin who has been appointed chief financial officer (CFO), Nissan Motor Co., Ltd. As chairman for Nissan Americas, Meunier will lead operations and strategy across all of North and South America as part of the company’s global business plan, The Arc. He will report to Guillaume Cartier, chief performance officer (CPO), Nissan Motor Co, Ltd. It’s the latest move at the struggling automaker whose, well, Arc is sinking.*

At the beginning of November Nissan Motor Company in Japan announced weak financial results for the six-months ended 30 September 2024. Net revenue decreased by ¥79.1 billion year-over-year (YOY) to ¥5.98 trillion yen, with consolidated operating profit decreasing ¥303.8 billion to ¥32.9B. This was a paltry operating profit margin of 0.5%. Net income was ¥19.2 billion. Global sales volumes decreased year-on-year to 1.6 million units. As a consequence Nissan revised its full year financial outlook for fiscal year 2024. The dividend was cancelled. Continue reading

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Jeep Avenger EV Debuts in Paris

“The new Jeep Avenger represents a key milestone for the brand as it is the first of a portfolio of all-new Jeep BEVs to be introduced in Europe.” said Christian Meunier, Jeep brand CEO. “It offers Jeep brand capability that is rightsized for the European market and at the Paris Motor Show, we are showcasing why it is a great all-electric Jeep brand alternative to current players in the B-SUV segment.” Jeep predicts it will be its best-selling model in Europe by 2024. Continue reading

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Nissan Canada Head Retires, Prompting Changes in the Americas

Nissan today announced that Allen Childs will retire as president, Nissan Canada, following two decades with the company. He will be replaced by Christian Meunier, currently president, Nissan Brazil, who will become president of Nissan’s third largest market in the Americas. Continue reading

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