Word: renault
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Carlos Ghosn has every reason to have that bounce in his step at the annual Detroit Auto Show this week. The Brazilian president of Japan's Nissan Motor Co., now controlled by France's Renault, has been itching to unveil the dazzling new iteration of a sports car that once defined an affordable testosterone boost. Remember the 240Z, the long-nosed rocket that every boy just had to drive after it came out in 1970, later known as the fastest-selling sports car of its time? Monday, to cacophonous music and a panoply of strobe lights in the Motor City...
...national lines, is the cross-border merger. Aventis is the new, conspicuously neutral name for what used to be Germany's Hoechst and France's Rhone-Poulenc. Nor are Europeans confining their targets to the Old Continent. Even a few years ago, it would have been hard to imagine Renault buying Japanese carmaking giant Nissan or Daimler-Benz acquiring Chrysler...
...spattered Renault Le Car chugs to a halt on a dirt road overlooking Serbia's snow-covered Presevo Valley. Out clamber three men dressed in mismatched fatigues, toting an assortment of pistols and grenades. The apparent leader, a deeply tanned, shorter version of Fidel Castro, steps forward. "Welcome," he says, "to Kosovo, Part...
Anyone who thinks Christine Jean got rich by winning a Goldman Environmental Prize in 1992 should take a spin in her antiquated Renault. Most of the windows don't roll down; the passenger-side door opens only from the outside; and the paint is pocked with rust. But Jean doesn't care. All her $60,000 prize money went to Loire Vivante, the umbrella group she has headed since 1987. Its mission: blocking a gargantuan dam-building project that could have destroyed beautiful landscape and fragile ecosystems surrounding Europe's last wild river...
...hardly radical enough, which is one reason why Hanawa is committing miuri. In one remarkable January week, Nissan became the most talked-about company in the global auto business because everyone with a little extra cash wanted a piece of it. Even tiny Renault piped up that it had French-government backing to acquire a controlling stake in the world's seventh largest carmaker. Renault could afford it because that week Nissan's stock price had sunk low enough so that a 33.4% share (which counts in Japan as a controlling interest) was worth around $2.8 billion--or barely half...