meta_pixel
Tapesearch Logo
Log in
Squawk on the Street

Breaking News: Carlos Ghosn Speaks After His Stunning Escape From Japan

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 8 January 2020

⏱️ 58 minutes

🧾️ Download transcript

Summary

Carlos Ghosn, the former Nissan chief holds a remarkable event. Ghosn speaks in Beirut after escaping from Japan last week. Ghosn was arrested more than a year ago for allegedly understating his income, among other charges. Carl Quintanilla, Jim Cramer and David discuss the historic moment.

Transcript

Click on a timestamp to play from that location

0:00.0

Market Moving Insight and Analysis joined Jim Kramer, David Faber and me, Carl Cantonia, on the opening bell hour of CNBC Squawk on the street.

0:08.0

I can tell you, consensus doesn't work.

0:11.0

It doesn't work.

0:12.0

You have to make sure that you force people to go for synergies.

0:16.0

You make sure that the idea to the synergies, you spend time to explain to them why the synergies are important.

0:21.6

If you lead them to themselves and you say it's consensual, nothing happens.

0:24.6

And by the way, we saw it in the results of the companies.

0:26.6

So, the three companies, alliance disappeared.

0:30.6

No longer works.

0:31.6

And the three companies, the growth has disappeared.

0:35.6

Profits are down. I'm finding a hard time to see any strategic direction.

0:41.3

No more technological innovation coming.

0:44.3

And no more work.

0:45.3

And on top of this, the line missed the unmissible, which is Fiat Chrysler.

0:53.3

Didn't go with the lines, they go with PSA.

0:58.0

But it's unbelievable.

1:00.0

How can you lose that?

1:02.0

How can you lose this huge opportunity to become the dominant player in this industry

1:08.0

by developing ties with people who were eager to join you, who were totally

1:13.3

complementary to the lines. Obviously, you're going to have 15 explanations telling you, you know

1:17.1

what, it's because of gone, because, you know, this and that and that. Everything is on me now.

1:22.0

But it is unbelievable that this didn't happen. It's unbelievable. So what I would like to say is this is not a common case where you say, oh, Mr. Gorn, you know what? You know, he didn't, and the media, sometimes they say he didn't pay taxes, no taxes involved. You know, he hidden compensation.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.