Word: nissans
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Dates: during 2000-2009
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Smiling broadly and looking dapper in a powder blue shirt, pin-striped suit and bright red tie, Renault CEO Carlos Ghosn doesn't look like your typical corporate hatchet man. Back in 1999, however, Ghosn was dubbed the "samurai" and "cost killer" at Nissan Motor in Japan. As the newly appointed president, he began closing plants, slashing more than $20 billion in debt and eliminating 20,000-plus jobs to return the moribund company to profitability. Many observers--especially France's sometimes intractable unions--expected similar tough love in early February, when Ghosn unveiled his ambitious four-year plan...
...such an environment, Renault appears to be defying gravity by promising ambitious results without the pain of slashing labor costs. Indeed, Ghosn is pledging to increase annual car sales by 800,000 units by 2009, double operating profit margins and improve product and brand quality. "The lesson of the Nissan revival plan was, What's vital is the result, not the precise means of attaining it," says Ghosn, 52. "We've analyzed the opportunities and potentials at Renault and made clear commitments on the results we'll deliver." The end result, he predicts, will be the "most profitable European volume...
...First to arrive on the scene were the value players, who saw in the crash the opportunity to find treasure. And diamonds there were aplenty; after all, Japan has a massive and highly sophisticated economy. Some of the early successes in recovery, such as Nissan, and Shinsei Bank, created from the shell of the bankrupt Long-Term Credit Bank, served to create an inkling of confidence. Companies began to clean house. Entire sectors of the economy were reorganized. Twenty steel businesses became four; nearly two dozen banks became three. Then China's explosive growth and a rebound...
...First to arrive on the scene were the value players, who saw in the crash the opportunity to find treasure. And diamonds there were aplenty; after all, Japan has a massive and highly sophisticated economy. Some of the early successes in recovery, such as Nissan, and Shinsei Bank, created from the shell of the bankrupt Long-Term Credit Bank, served to create an inkling of confidence. Companies began to clean house. Entire sectors of the economy were reorganized. Twenty steel businesses became four; nearly two dozen banks became three. Then China's explosive growth and a rebound...
...appeared to have come from the Tonbridge haul at a southeast London bank. By the weekend, all three had been released on bail. But another two were arrested on Saturday, and a number of vehicles thought to have been connected to the raid were detained in Kent. Dixon's Nissan was found at the Cock Horse pub, and a red van that the gang is thought to have used turned up at another inn, the Hook and Hatchet. (We are not making this up.) On Friday, following a tip-off - that big reward talking, maybe - the police picked...