Hiroto Saikawa

I am deeply sorry for causing concern. by Hiroto Saikawa

I am deeply sorry for causing concern.

We want a win-win relationship with Renault. The alliance has been successful until now because we have respected each others' independence, if necessary, we will put our capital structure on the table. If the relationship becomes a win-lose one, the relationship will break up very quickly.

It's going to take more time than we thought to recover from this... by Hiroto Saikawa

It's going to take more time than we thought to recover from this situation.

We've come to a point where customers have been buying our product for the discounts offered on them, not for the strength of the product itself.

I have nothing to say about this. We're not in a position to be discussing (merger issues), improving our financial performance is our top priority.

This is not an issue we can fix overnight, we need to fulfill the task (of improving governance) and prepare the company for our next steps, and then pass the leadership baton.

We would like to explain to [ Renault's board ] if we are given the chance, we hope Renault's board directors will listen to the explanation.

Nissan would like to put this matter behind us as soon as possible so that we can reestablish the foundations of a successful alliance and focus on our real business.