Nissan CEO promises turnaround for disgruntled shareholders

Nissan Chief Executive Makoto Uchida has pleaded for patience from disgruntled shareholders and promised a turnaround at the Japanese automaker

TOKYO -- Nissan Chief Executive Makoto Uchida pleaded for patience from disgruntled shareholders Tuesday and promised a turnaround at the Japanese automaker, which is projecting a third year of losses as it struggles to distance itself from a scandal over its former chairman, Carlos Ghosn. “What we have worked on during years of hardship will bear fruit,” Uchida said at the annual regular shareholders’ meeting. Attendance was limited at the meeting, which was also relayed online due to pandemic precautions. One shareholder got up and demanded a detailed disclosure of Ghosn’s alleged wrongdoing, saying questions about governance remained unanswered.