Word: nissans
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Dates: during 2000-2009
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...known for, and that's the area where the firm is hurting itself most. Customer complaints prompted the record recall, and even German taxi drivers are switching allegiance. Since 2001, Mercedes' share of new taxi registrations in Germany has fallen to around 50% from 70% as rivals like Volkswagen, Nissan and Renault have gained ground. Union Investment's Maier said to loud applause in Berlin's convention hall: "If you want to produce premium products at a premium price, you have to pay attention to quality." Schrempp knew he had to take his lumps. "Quality is one of the strengths...
...Coopers estimates that, despite growing demand from emerging markets such as China, manufacturers have the capacity to build about 20 million more cars annually than they currently produce. But Mercedes' German rivals in the luxury class, BMW and Audi, are thriving, as are several mass-volume Japanese manufacturers, including Nissan. And Renault, for one, is a prime example of an automaker that's reinvented itself. It took years for the formerly state- owned French company to shake off a reputation for shoddy quality it acquired in the 1980s. But thanks to a series of attractively designed cars, and aggressive cost...
...resident of Woodrow Wilson Court in Cambridge reported that all four of the tires on his Nissan were stabbed and flattened while he was parked on a side street...
...Stringer isn't the first foreigner to head a large Japanese company; in 1999, Carlos Ghosn, a Lebanese born in Brazil and educated in France, was appointed to the executive suite of Nissan Motor. The challenge at Sony is no less pressing than that at Nissan; when Stringer told TIME that he was "bedazzled by the problems and demands of the job," he knew whereof he spoke. For Sony's woes are well known. The company that once had a magic touch-creating not just the Walkman, but the Trinitron TV and the PlayStation too-has gone adrift...
...taken as a whole, Japan Inc. remains one of the most insular corporate cultures on earth. Over the past 15 years, plenty of Western management practices, investors and executives have been tried, with mixed results. For every Ghosn, who is now a national hero for saving Nissan, there is a Rolf Eckrodt, the DaimlerChrysler executive who failed to turn around Mitsubishi Motors. For every Ripplewood Holdings, the U.S. investment firm that bought out and successfully relaunched the bankrupt Long-Term Credit Bank as Shinsei Bank, there is a Carrefour, the French retailer that is withdrawing from the country after just...