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Recently, according to auto news, the new CEO, SEI Uchida, outlined a plan to get out of the current predicament in his inaugural speech. It involves revitalizing US operations, cutting costs, and boosting revenue through new products and next-generation technologies. In terms of the relationship with its partner Renault, Noda made it clear that it would focus on the short-term benefits for Renault, Nissan and all members of the alliance, while protecting Nissan's autonomy. "The alliance is essential for us to achieve our goals, but Nissan also needs to weigh before deciding how to move forward," said Mr Noda "Over the years, Nissan has achieved growth thanks to the existence of the alliance," he said. So while maintaining the alliance, we will also maintain Nissan's independence. " At the same time, Mr. Uchida pointed out that there is no plan to change the cross shareholding of the two companies at present. "Building a closer capital relationship with Renault is not the priority right now," Mr. Noda said at a news conference on Monday Mr. Uchida made the remarks at Nissan's global headquarters the day after taking office. Renault owns 43% of Nissan's voting shares, while Nissan owns 15% of Renault's non voting shares. Nissan also owns Mitsubishi. Renault has been seeking closer ties with Nissan for many years, but has been rejected by Nissan. At present, Nissan is facing problems such as declining profits, aging product mix and deteriorating relations with Renault, and Mr. Uchida has taken office in the crisis. He is part of Nissan's new leadership. After Carlos Ghosn, the former chairman, was arrested on charges of financial misconduct, a new generation of leadership faces the challenge of saving Nissan in crisis. Mr. Uchida said Nissan still had to reform part of its corporate culture and attributed a large part of its sales and profit problems to unrealistic targets set during Mr. Ghosn's time at the helm. "The high target has led to a rapid decline in Nissan's performance. At present, it is necessary to set realistic goals that are challenging but can be achieved through efforts," he said In addition to Uchida, Nissan's new generation of leadership includes Ashwani Gupta, 49, the chief operating officer, and Guan run, 58, the deputy chief operating officer. Gupta has served as executives at Nissan, Renault and Mitsubishi, while Guan run is responsible for performance recovery and product planning. Nissan's board of directors said Mr. Uchida's priority was to restore profits, and he would continue the mid-term recovery plan of his predecessor, Xichuan Guangren. The plan involves cutting 12500 jobs worldwide, consolidating the product line-up, and cutting global annual production capacity from 7.2 million to 6.6 million vehicles. Xichuan's plan also calls for U.S. auto sales to return to 1.4 million units in the fiscal year ending March 31, 2023, with a profit target of 6%. Mr. Uchida will review the plan with Gupta and Guan run as they adapt to their roles. In addition, he said the recovery of the US business has made some progress. It is reported that neitian plans to control costs by streamlining investment and first-line business, and hopes to achieve revenue growth by introducing new technologies and new models such as next-generation cross-border vehicles. "The most important pillar of business transformation is to achieve growth through new products and technologies," he said. I hope our employees are proud of their work in Nissan. " Nissan's operating profit fell 70% in the third quarter, according to its results. The previous second quarter saw a 99% plunge. As of March 31, the company expects its operating profit and net profit to fall by more than half, while its operating profit margin will fall to 1.4% from 2.7% in the previous fiscal year. Nissan and the alliance also focus on streamlining R & D and product development. Renault, Nissan and Mitsubishi are negotiating a joint venture to develop new generation technologies, including electric vehicles and artificial intelligence, Japanese media reported on December 1. Executives from the three companies discussed the idea last week in France. At the same time, the three companies also decided to set up the Secretary General of the Alliance for the operation Committee of the alliance to coordinate the major projects of the alliance. The Secretary General of the alliance will report to the board of directors and the chief executive officers of the members of the alliance and is expected to complete the appointment in the next few years. According to French media reports, the alliance has selected Hadi zablit for the post. Zabullit, 49, is currently the business development director of the alliance, responsible for the development of the common module family a platform, new technology cooperation, mobile services and product planning simultaneously.