Editing Nissan (section)

===Alliance with Renault===
{{further|Renault–Nissan–Mitsubishi Alliance}}In 1999, facing severe financial difficulties, Nissan entered an alliance with [[Renault]] of France.<ref name=":0" /> In June 2001, Renault executive [[Carlos Ghosn]] was named chief executive officer of Nissan. In May 2005, Ghosn was named president of Nissan's partner company Renault. He was appointed president and CEO of Renault on 6 May 2009.<ref>{{cite web|url=http://www.renault.com/en/groupe/management-et-gouvernance/comite-de-direction/pages/carlos-ghosn.aspx|title=Carlos Ghosn, Chairman and Chief Executive Office|publisher=Renault|access-date=26 January 2014|archive-date=21 January 2014|archive-url=https://web.archive.org/web/20140121070655/http://www.renault.com/en/groupe/management-et-gouvernance/comite-de-direction/pages/carlos-ghosn.aspx|url-status=live}}</ref>

Under CEO Ghosn's "Nissan Revival Plan" (NRP), the company has rebounded in what many leading economists consider to be one of the most spectacular corporate turnarounds in history, catapulting Nissan to record profits and a dramatic revitalization of both its Nissan and [[Infiniti]] model line-ups.<ref>{{Cite book|last=Magee|first=David|url=https://books.google.com/books?id=Sh4EpoQO1dcC&q=Nissan+Revival+Plan|title=Turnaround: How Carlos Ghosn Rescued Nissan|date=2003-01-07|publisher=Harper Collins|isbn=978-0-06-051485-3|language=en}}</ref><ref>{{Cite book|last=Inoue|first=Takashi|url=https://books.google.com/books?id=bshUDwAAQBAJ&dq=Nissan+Revival+Plan+turnaround&pg=PT255|title=Public Relations in Hyper-globalization: Essential Relationship Management - A Japan Perspective|date=2018-04-09|publisher=Routledge|isbn=978-1-351-67962-6|language=en}}</ref> Ghosn has been recognized in Japan for the company's turnaround in the midst of an [[Lost Decade (Japan)|ailing Japanese economy]]. Ghosn and the Nissan turnaround were featured in Japanese [[manga]] and popular culture. His achievements in revitalizing Nissan were noted by the Japanese government, which awarded him the [[Medals of Honour (Japan)|Japan Medal with Blue Ribbon]] in 2004.<ref>{{cite web|title=平成16年春の褒章受章者名簿|url=http://www.meti.go.jp/kohosys/press/0005190/0/040428hosho.pdf|website=[[Ministry of Economy, Trade and Industry|METI]]|language=ja}}{{Dead link|date=February 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

On 1 April 2017, Ghosn stepped down as CEO of Nissan, while remaining chairman of the company. He was replaced as CEO by his then-deputy [[Hiroto Saikawa]].<ref>{{cite news |url=https://www.nytimes.com/2017/02/22/business/nissan-executive-carlos-ghosn.html |title=Carlos Ghosn, Executive Who Revived Nissan, Will Step Aside |work=The New York Times |date=22 February 2017 |access-date=13 March 2017 |archive-date=14 March 2017 |archive-url=https://web.archive.org/web/20170314200557/https://www.nytimes.com/2017/02/22/business/nissan-executive-carlos-ghosn.html |url-status=live }}</ref> On 19 November 2018, Ghosn was fired as chairman following his arrest for the alleged under-reporting of his income to Japanese financial authorities.<ref>{{Cite news|url=https://www.forbes.com/sites/davidkiley5/2018/11/19/legendary-ceo-carlos-ghosn-arrested/#5147bfd51130|title=Legendary CEO Carlos Ghosn Arrested, Forced Out Of Nissan|last=Kiley|first=David|work=Forbes|access-date=2018-11-19|language=en|archive-date=19 November 2018|archive-url=https://web.archive.org/web/20181119184942/https://www.forbes.com/sites/davidkiley5/2018/11/19/legendary-ceo-carlos-ghosn-arrested/#5147bfd51130|url-status=live}}</ref> After 108 days in detention, Ghosn was released on bail, but after 29 days he was again detained on new charges (4 April 2019). He had been due to hold a news conference, but instead, his lawyers released a video of Ghosn alleging this 2018-19 Nissan scandal is itself evidence of value destruction and Nissan corporate mismanagement.<ref>{{Cite news|url=https://www.youtube.com/watch?v=BqmL8UV5dE4 |archive-url=https://ghostarchive.org/varchive/youtube/20211211/BqmL8UV5dE4| archive-date=2021-12-11 |url-status=live|title=Carlos Ghosn's Video Message|work=Nikkei Asian Review|access-date=12 April 2019|language=en}}{{cbignore}}</ref><ref>{{Cite web|date=2019-11-19|title=A year after his shocking arrest, Carlos Ghosn is out to prove Nissan conspiracy|url=https://www.latimes.com/business/story/2019-11-19/carlos-ghosn-nissan-conspiracy|access-date=2020-09-15|website=Los Angeles Times|language=en-US|archive-date=7 November 2020|archive-url=https://web.archive.org/web/20201107074834/https://www.latimes.com/business/story/2019-11-19/carlos-ghosn-nissan-conspiracy|url-status=live}}</ref> In September 2019, Saikawa resigned as CEO, following allegations of improper payments received by him.<ref>{{Cite news|last=Dooley|first=Ben|date=2019-09-09|title=Nissan Takes Another Hit as C.E.O. Hiroto Saikawa Leaves|language=en-US|work=The New York Times|url=https://www.nytimes.com/2019/09/09/business/nissan-ceo-hiroto-saikawa.html|access-date=2020-09-15|issn=0362-4331|archive-date=30 September 2020|archive-url=https://web.archive.org/web/20200930222432/https://www.nytimes.com/2019/09/09/business/nissan-ceo-hiroto-saikawa.html|url-status=live}}</ref> Yasuhiro Yamauchi was appointed as acting CEO.<ref>{{cite web|url=https://mainichi.jp/english/articles/20190909/p2g/00m/0bu/082000c|title=Nissan CEO Saikawa to quit Sept. 16 in face of overpaid compensation|work=The Mainichi|date=9 September 2019|access-date=8 October 2019|archive-date=8 October 2019|archive-url=https://web.archive.org/web/20191008234849/https://mainichi.jp/english/articles/20190909/p2g/00m/0bu/082000c|url-status=dead}}</ref> In October 2019, the company appointed Makoto Uchida as its next CEO.<ref>{{cite press release|url=https://global.nissannews.com/en/releases/release-559fc70b5698d6bfc3e1aeda3705d6d1-191008-02-e|title=Nissan appoints new top leadership|publisher=Nissan|date=8 October 2019|access-date=8 October 2019|archive-date=8 October 2019|archive-url=https://web.archive.org/web/20191008233347/https://global.nissannews.com/en/releases/release-559fc70b5698d6bfc3e1aeda3705d6d1-191008-02-e|url-status=live}}</ref> On 1 December 2019, Uchida became CEO.<ref>{{cite news |url=https://www.autonews.com/executives/nissans-new-ceo-rolling-his-sleeves-us-market |title=Nissan's new CEO is rolling up his sleeves on U.S. market |work=Automotive News |location=US |date=6 January 2020 |access-date=31 May 2020 |archive-date=4 August 2020 |archive-url=https://web.archive.org/web/20200804170324/https://www.autonews.com/executives/nissans-new-ceo-rolling-his-sleeves-us-market |url-status=live }}</ref>

In January 2023, Renault said it intended to transfer almost 30% of its controlling stake in Nissan to a French trust (pending approval by both companies), reducing its shares with voting rights to a minority 15% and, in doing so, matching Nissan shares in Renault to gain equal voting rights. The shareholding and voting ratio of both companies is set to be fixed in the future. The agreement also included Nissan investing in Ampere (a proposed Renault subsidiary for electric cars) and projects in various markets.<ref>{{cite web |title=Nissan, Renault move toward alliance rejig, to make statement -sources |url= https://www.euronews.com/next/2023/01/30/nissan-renault |date=30 January 2023 |access-date=30 January 2023 |work=Euronews}}</ref><ref>{{cite press release |title=Statement |url=https://media.alliancernm.com/statement//?lang=eng |access-date=31 January 2023 |date=30 January 2023 |publisher=Alliance |archive-date=30 January 2023 |archive-url=https://web.archive.org/web/20230130111254/https://media.alliancernm.com/statement//?lang=eng |url-status=live }}</ref> In February 2023, both companies approved the going-ahead for the shareholding changes. Final details and regulatory clearances for the transaction were set to be completed by the first quarter of 2023 and it would be done by the fourth quarter. The companies also approved joint projects and Nissan's Ampere investment.<ref>{{cite press release |title=Renault-Nissan-Mitsubishi Alliance open a new chapter for their partnership |url=https://media.renaultgroup.com/renault-nissan-mitsubishi-alliance-open-a-new-chapter-for-their-partnership/?lang=eng |access-date=6 February 2023 |date=6 February 2023 |publisher=Renault |archive-date=6 February 2023 |archive-url=https://web.archive.org/web/20230206122128/https://media.renaultgroup.com/renault-nissan-mitsubishi-alliance-open-a-new-chapter-for-their-partnership/?lang=eng |url-status=live }}</ref> The share transfer was completed in November 2023.<ref name=share/>