Word: nissan
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Dates: during 2000-2009
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...Most mergers and partnerships fail. Why has the Nissan-Renault association succeeded...
Carlos Ghosn is the CEO of Nissan Motor Co. of Japan and Renault S.A of France, which have benefited from a six-year cross-ownership alliance. This week, Ghosn was in the U.S. for talks with struggling General Motors, to test GM's appetite for forming a three-way alliance. Ghosn is perhaps the automotive industry's most accomplished executive, having pulled both Nissan and Renault out of nose dives. On his way to Detroit, he stopped in New York City to talk with TIME's business editor Bill Saporito. Here are his views on the potential GM hookup...
...partnership of two companies - and completely. Nissan is not a subsidiary of Renault. The two companies have two different boards, they have two different executive committees, two different shares, one is trading in Tokyo, the other one is trading in France. And it has been successful now for seven years. You know that you can be successful for six months, for one year, but when you are successful for seven years, growing and delivering profit and value, it's significant of the fact that you have a system, which is stable, and a business in which people feel comfortable working...
...long as the third party is convinced that there is potential behind it. Again, this is more an opportunity than it is mandatory. Some people say, why this timing? You never set any timing on an opportunity like this... I would certainly not select the present time. Because Nissan sales are down in the United States and they will be down for the next couple of months. They will start to pick up in October with the launch of many new products coming into the hot segments of the market, like the Centra and the Altima...
...What is the most important thing that Nissan-Renault can offer...