I believe Gosn is loosing his credibility, but I do agree, Kirkorian would like to see Wagoner out on the street with Gosn sitting in his seat. Problem is, the board is impressed with the Wagoner turn around plan, the number of employees who took the buyout, the layoffs, the health care plan, etc. So it could end up that Wagoner will enter into talks, and come out with nothing and throw it into Kirkorian's face.
DETROIT -(Dow Jones)- Nissan North America's auto sales fell 19% in June compared to the prior year, as the Japanese auto maker struggles to maintain momentum in the critical U.S. market.
Sales of Nissan vehicles, including its luxury Infiniti brand, totaled 75,154 vehicles in June, the company said in a press release. Total car sales fell 25% from a year ago to 38,127 vehicles, while sales of truck-based vehicles slid 12% to 37,027.
Nissan North America, a unit of Nissan Motor Co. (NSANY), has recently hit the skids in the U.S. market following big sales gains in recent years. Nissan North America sales were down 5.7% in the U.S. in the first six months of 2006, while its Japanese rivals - Toyota Motor Corp. (TM) and Honda Motor Co. (HMC) - have continued gaining market share at the expense of the top U.S. auto makers.