Management Shakeup At Nissan

Tokyo (AP) -- Carlos Ghosn, the charismatic chief executive who led Nissan to a turnaround, is giving up his role overseeing the US market. The move is part of a larger management shakeup at the automaker.

Ghosn remains Chief Executive of both Nissan and its alliance partner Renault, which sent Ghosn in to lead a revival in 1999.

Executive Vice President Hiroto Saikawa will take on the role overseeing the US market.

Nissan's North American operations are now based in Nashville while the company builds a new building in Franklin.

The automaker has two plants in Tennessee, a big assembly plant in Smyrna and an engine plant in Decherd.

Separately, Nissan says it will cut auto production at two factories in Japan because of slow sales.

Last month, Nissan slashed its annual profit forecast after seeing a 22 percent slump in earnings in the October to December quarter. At the time, Ghosn declared a "performance crisis" at the Japanese automaker.

Copyright 2007 by the Associated Press. All rights reserved.