Word: thormann
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...with money from the skyrocketing price of oil. In 2003, Nissan sold 8,000 cars in Russia, a number that jumped to 24,000 in 2004, and to 50,000 in 2005. "We started thinking, if this isn't a fluke, we need to think about localization," says Dominique Thormann, Nissan's senior vice president for administration and finance in North America - both because of how expensive cars are to ship and because of the 25% tariff charged at the border...
Dominique Thormann...
...Thormann, then head of Renault's investor-relations department, coaxed the French automaker's top finance officer, Carlos Ghosn, into making a presentation to analysts at a big Frankfurt auto show. "It went very well," recalls Thormann, 52. Indeed. The American exec moved back to the U.S. in July to become senior vice president of administration and finance for Nissan North America, which is run by a committee of five. But if Ghosn has a question about Nissan's U.S. ops, which posted $40 billion in sales last year, he calls Thormann first. Wonder why. Hilary Schneider...
Lieutenant Thormann and Dr. Grandel, charged with plotting the murder of General von Seeckt (TIME, Jan. 28), were acquitted by a jury which stated that evidence of a serious con-spiracy was nonexistent. The German press, excepting the Nationalist journals, condemned the verdict. The Deutsche Allgemeine Zeitung said that it "must cause painful amazement throughout the world." The year 1923 was written off the books of German banks with a sigh- of relief. No dividends were voted and many annual statements appeared with merely technical balanced debits and credits. The banks were stated, however, to be in good shape; since...
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