Word: renaults
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...time spent getting into and out of a costume or uniform. Disney faces hefty claims for back pay from 3,000 workers. First to Finnish Mobile phone manufacturer Nokia has topped French business school INSEAD's list of the world's most effective companies. Other high scorers are Renault and BNP Paribas. Confidence Trick While its rivals issue profit warnings, German software giant SAP forecast 20% growth in sales in the first half of the year and announced an alliance with Yahoo to develop corporate websites. Shares rose 8%. Working Up a Thirst Labor unions voted to strike over...
Formula One Around and Around and Around They Go in formula one motor racing, intriguing twists and turns often take place far from the racetrack. Last week, some of the sport's biggest players - which include Renault, BMW and Fiat - threatened to set up a rival world championship to take off in 2008 when their current Formula One obligations expire. The car-makers were said to be concerned that Kirch, the German broadcasting giant that recently assumed control of Formula One's broadcasting and commercial rights in conjunction with EM.TV, would take the races off terrestrial TV and put them...
...time when automakers are quaking at the prospect of an economy in decline, Ghosn has an unusually bright story to tell--and he wants the Z to help tell it. It is the tale of how he and a small band of Renault executives saved one of Japan's industrial icons. In the 18 months since he arrived in Tokyo, the intense, bespectacled Ghosn has turned Nissan from a debt-ridden basket case into a profitable car company, with 22 new models in the pipeline and a truck plant under construction in Mississippi. While Ford, General Motors and Chrysler...
...When Renault bought 37% of Nissan in March 1999, analysts thought the French had flipped. Once a symbol of Japan as global industrial powerhouse, the automaker was on the verge of bankruptcy, $22 billion in debt and had a moribund sales record. As with so many other Japanese companies, Nissan had become arrogant and oblivious to changes in the market, and the old-boy network that ran the Tokyo-based company simply didn't feel like answering a new call--and certainly not one from a foreign master...
...Ghosn is a globalist--Lebanese heritage, French education, Brazilian passport--who earned his spurs as an aggressive turnaround artist at Michelin, the tire company, and then Renault. To bring Nissan to heel, the 46-year-old used psychological leverage that nobody had ever bothered to exploit in Japan. "People within the company were convinced that Nissan was sick and could die," he says. "They knew it had to change, and they were willing to help...