Nissan replaces two top executives in China

Shanghai. March 14 (Gasgoo.com)-Nissan Motor has announced that two senior executives, its Chinese market president and the head of its joint venture in China will leave the current positions, which is part of Nissan's global executive reshuffle.

 

Nisssan said yesterday Yukihisa Kayashima, current President of Nissan (China) Investment Co. (NCIC) will be replaced after two years on the job by Yasuaki Hashimoto, Corporate Vice President, who's responsible for Nissan's Asian and Oceania markets. Kayashima will return to Nissan headquarters in Japan as his tenure of office in China has completed. The nomination takes effect since April 1, 2008.

 

Mr. Hashimoto "is committed to continuing Nissan's business strategy in China and introducing into this market a wider range of new products as well as high quality service with the fact that China has become Nissan's third largest auto market in the world," according to NCIC's announcement.

 

The new president will focus on Infiniti's rapid expansion in China as the luxury auto brand of Nissan was introduced into China in 2007, a real latecomer compared with other brands like BMW and Lexus, local media said.

 

One day earlier, Katsumi Nakamura, president of its Chinese joint venture, Dongfeng Motor Co. is appointed as executive vice president and leader of Asia Africa Management Committee of Renault SA from May 5, 2008. His position will be filled by Kimiyasu Nakamura, currently senior vice president responsible for Nissan passenger car product development division and light commercial vehicle product development division, effective as of April 1 2008.

 

Nissan Motor Co has two joint ventures in China: Zhengzhou Nissan Automobile Co and Dong Nissan Passenger Vehicles Co.

 

Zhengzhou Nissan, in which Nissan holds a 30% stakes, has a capacity of 60,000 vehicles, where Nissan Paladin is made; Dong Nissan Passenger Vehicle Co, in which Nissan holds a 50% stake,  has a capacity of 360,000 vehicles, where Nissan Bluebird, Sunny, Teana, Tiida, Livina, Sylphy, and Geniss are made.