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New Nissan Motor Co. chief Makoto Uchida vowed Monday to turn around the teetering automaker, which has found itself in a downward spiral since the arrest of former Chairman Carlos Ghosn last year.

The firm aims to break away from the two-decade Ghosn era that was marked by a top-down system in which power was concentrated with the charismatic chief. Instead, the company wants to put more emphasis on collective leadership with a fresh three-pronged management structure.

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