Word: ghosn
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...tensions exist atop Renault between chairman and chief executive Louis Schweitzer and his heir Carlos Ghosn, they're well veiled. Ghosn is CEO of Nissan Motor, the Japanese automaker that Renault controls through a 44.4% ownership stake. He's slated to move from Tokyo to Paris in 2005 and become CEO of Renault while Schweitzer remains chairman, a situation that Ghosn says could be seen as "potentially antagonistic." But he and Schweitzer have worked together for five years and developed a relationship of "mutual trust," Ghosn says, adding that after a decision is made public "you never know who defended...
...cabs. Ford earns an estimated $2,000 profit on each of its F-Series pickups, providing one of its fattest margins for a high-volume vehicle. The North American market for pickups is about 3 million a year. And while Ford will launch a redesigned F-150 this summer, Ghosn is confident that Nissan's investment in the Titan (whose platform will be used by other vehicles) will pay off. "Each time competitors enter a segment, profits have a tendency to go down," he acknowledges. "But the truck segment will remain one of the most profitable...
...Carlos Ghosn gets the sort of adulation in Japan that is normally reserved for top athletes and rock stars. He has been made the superhero of a comic book--a coveted business honor. And in a poll of Japanese women, he was voted one of the top four men they would most want to father their children. Widely known as "Mr. Fix It," CEO Ghosn has lifted Nissan from near bankruptcy and in just four years has given it industry-leading profit margins, a debt-free balance sheet and a fleet of popular, critically acclaimed cars and trucks...
Born in Brazil of Lebanese parents and educated in France's elite engineering schools, the charismatic, bushy-browed, nattily dressed Ghosn is the quintessential global executive. He earned his reputation as a turnaround artist at Michelin, which dispatched him to fix ailing operations in South America and then gave him the job of restructuring Michelin North America after it bought Uniroyal in 1990. By the time Renault hired him and sent him to Tokyo to fix Nissan (which Renault controls), he had picked up five languages (Japanese is his sixth), a blunt decision-making style and a knack for blending...
...Ghosn, 49, is expected to stay at Nissan until 2005 and then to take over at Renault after its CEO, Louis Schweitzer, retires. Ghosn watchers expect him to fashion a hybrid as stylish as the French-Japanese restaurants found in Paris and Tokyo. The next generation of the Renault Clio, a small car sold in Europe, is slated to share the underpinnings of Nissan's March, and the next-generation Nissan Sentra will use Renault's Megane platform. Already, French journalists have given Ghosn a backhanded compliment, dubbing him "Le Cost Killer." --By Daren Fonda