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The latest CEO at Nissan, Hiroto Saikawa, is out-of-office permanently as of September 16th after yet another financial scandal rocks the company. Saikawa is the second Nissan CEO to be tainted by financial misconduct allegations. Allegedly, Saikawa received improper payments with regards to the sale of Nissan stock. The payments were after the date of the sale of the stock was altered and netted Saikawa additional hundreds of thousands of dollars. Saikawa has not yet been charged with a crime. Saikawa originally said he would stay on until a replacement was found, but abruptly changed course and formally resigned today. The temporary replacement will be Chief Operating Officer Yasuhiro Yamauchi until a permanent replacement has been found. There are currently ten candidates for the positions and Nissan says it is considering outsiders and non-Japanese. -
The latest CEO at Nissan, Hiroto Saikawa, is out-of-office permanently as of September 16th after yet another financial scandal rocks the company. Saikawa is the second Nissan CEO to be tainted by financial misconduct allegations. Allegedly, Saikawa received improper payments with regards to the sale of Nissan stock. The payments were after the date of the sale of the stock was altered and netted Saikawa additional hundreds of thousands of dollars. Saikawa has not yet been charged with a crime. Saikawa originally said he would stay on until a replacement was found, but abruptly changed course and formally resigned today. The temporary replacement will be Chief Operating Officer Yasuhiro Yamauchi until a permanent replacement has been found. There are currently ten candidates for the positions and Nissan says it is considering outsiders and non-Japanese. View full article
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Yutaka Katayama, a former executive for Nissan and "father of the Z,"passed away this week at the age 105 due to heart failure. His son Mitsuo confirmed the news to The Associated Press. Katayama has a long history with Nissan as he joined the company back in 1935. He held many roles at the company dealing with marketing and publicity. Many consider his greatest achievement to be the person who gave life to the original Datsun Z sports car. "A car is a horse. I want to drive a thoroughbred that's in tune with my heartbeat, but not something that's too dressed up for someone like me," said Katayama to The Associated Press in a 2002 interview. His other achievement was bringing Nissan into U.S. via the Datsun brand. "His greatest achievement, I think, was the fact that he was able to give many American Datsun dealers their own success story," said Mitsuo Katayama. Katayama would retire from Nissan in 1977. He was inducted into to both the American and Japanese Automotive Hall of Fame. Yutaka Katayama is survived by his wife, four children, 11 grandchildren, and 18 great-grandchildren. Source: Associated Press, Nissan Press Release is on Page 2 Nissan legend Yutaka Katayama, aka “Mr. K,” dies at 105 YOKOHAMA, Japan – Nissan legend Yutaka Katayama, the man known as “Mr. K,” has died. He was 105. Katayama ran Nissan’s U.S. operations from in the 1970s and is widely known as the father of the Datsun Z, the world-class affordable sports car. He retired from Nissan in 1977. In September last year, Katayama granted a rare three-part interview with the Nissan Global Media Center in which he reflects on nearly 80 years in the car business. Born in September 1909, in what is now Hamamatsu, Shizuoka Prefecture, Mr. K joined the company in 1935 and was assigned to the Administration Department, first handling publicity and then advertising. He made one of the first color films of a Datsun on Japanese roads and later filmed motor sport races across the globe, raising the bar for decades of visual story telling ahead. With a love of cars and a flare for promotion, he built the Datsun brand, Nissan's initial brand name in the U.S., from scratch. He had first visited the U.S. as an assistant on a high-speed vessel carrying raw silk in 1927 while a student at Keio University. In his storied career, he was team manager as two Datsun 210s were entered in a grueling rally circumnavigating the Australian continent. The subsequent victory instantly catapulted the brand into worldwide renown and set the stage for Datsun exports. Notably, he put together the key concepts for the Z-car, contributing significantly to the birth of an exceptional sports car still revered by driving enthusiasts. Retiring in 1977, he was later inducted into the American Automotive Hall of Fame in 1998 for ushering in a generation of vehicles that redefined the American car market, as well as the Japan Automotive Hall of Fame for pioneering deeds on both sides of the Pacific. Among other key achievements, Katayama promoted the first All-Japan Motor Show in 1954, as well as laid the foundations for Nissan North America. View full article -
Yutaka Katayama, a former executive for Nissan and "father of the Z,"passed away this week at the age 105 due to heart failure. His son Mitsuo confirmed the news to The Associated Press. Katayama has a long history with Nissan as he joined the company back in 1935. He held many roles at the company dealing with marketing and publicity. Many consider his greatest achievement to be the person who gave life to the original Datsun Z sports car. "A car is a horse. I want to drive a thoroughbred that's in tune with my heartbeat, but not something that's too dressed up for someone like me," said Katayama to The Associated Press in a 2002 interview. His other achievement was bringing Nissan into U.S. via the Datsun brand. "His greatest achievement, I think, was the fact that he was able to give many American Datsun dealers their own success story," said Mitsuo Katayama. Katayama would retire from Nissan in 1977. He was inducted into to both the American and Japanese Automotive Hall of Fame. Yutaka Katayama is survived by his wife, four children, 11 grandchildren, and 18 great-grandchildren. Source: Associated Press, Nissan Press Release is on Page 2 Nissan legend Yutaka Katayama, aka “Mr. K,” dies at 105 YOKOHAMA, Japan – Nissan legend Yutaka Katayama, the man known as “Mr. K,” has died. He was 105. Katayama ran Nissan’s U.S. operations from in the 1970s and is widely known as the father of the Datsun Z, the world-class affordable sports car. He retired from Nissan in 1977. In September last year, Katayama granted a rare three-part interview with the Nissan Global Media Center in which he reflects on nearly 80 years in the car business. Born in September 1909, in what is now Hamamatsu, Shizuoka Prefecture, Mr. K joined the company in 1935 and was assigned to the Administration Department, first handling publicity and then advertising. He made one of the first color films of a Datsun on Japanese roads and later filmed motor sport races across the globe, raising the bar for decades of visual story telling ahead. With a love of cars and a flare for promotion, he built the Datsun brand, Nissan's initial brand name in the U.S., from scratch. He had first visited the U.S. as an assistant on a high-speed vessel carrying raw silk in 1927 while a student at Keio University. In his storied career, he was team manager as two Datsun 210s were entered in a grueling rally circumnavigating the Australian continent. The subsequent victory instantly catapulted the brand into worldwide renown and set the stage for Datsun exports. Notably, he put together the key concepts for the Z-car, contributing significantly to the birth of an exceptional sports car still revered by driving enthusiasts. Retiring in 1977, he was later inducted into the American Automotive Hall of Fame in 1998 for ushering in a generation of vehicles that redefined the American car market, as well as the Japan Automotive Hall of Fame for pioneering deeds on both sides of the Pacific. Among other key achievements, Katayama promoted the first All-Japan Motor Show in 1954, as well as laid the foundations for Nissan North America.
