The dealership group has seen its bench of talent shrink in recent years as several high-ranking executives thought to be in the running to take over from Mike Jackson left the company. Then last week the new CEO left — after four months.
In his lawsuit, Rosenberg alleged that as CEO of the automotive portfolio, he became aware of “serious financial misconduct” on the part of majority owner GPB Capital.
The product reductions will focus mainly on small vehicles, including emerging-market Datsun models. Nissan could also shrink the options and packages offered on its vehicles.
After 11 years at AutoNation, including the last five as CFO, Cheryl Miller aims to put her own stamp on the company. The new chief executive already has an agenda in mind.
Auto supplier Robert Bosch won’t be able to achieve an EBIT margin of 7 percent as it did last year, CFO Stefan Asenkerschbaumer said, adding that he believed automotive production would stagnate over the next three years.