Ghosn Tasks Top Lieutenant to Hunt for Mitsubishi Motors Savings
- Nissan COO Saikawa leads team to find savings with Mitsubishi
- Renault, Nissan had 4.3 billion euros in synergies last year
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Carlos Ghosn has tasked one of his top lieutenants at Nissan Motor Co. to identify cost savings at Mitsubishi Motors Corp. as it acquires a stake in the automaker.
Chief Competitive Officer Hiroto Saikawa, 62, is leading a team to find areas where the companies can save costs and boost production efficiency, said Arnaud Deboeuf, an executive in charge of promoting synergies in the Renault-Nissan alliance. Adding Mitsubishi will help the French-Japanese partnership to beat its annual target of 5.5 billion euros ($6.1 billion) in synergies by 2018, Deboeuf said via a video conference on Monday.