Behind the GM-Nissan Dance.
07-28-2006, 11:26 PM
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Behind the GM-Nissan Dance.
http://www.forbes.com/free_forbes/2006/081...artner=yahoomag
Wow! How Ghosn is praised! Toyota is compared to Godzilla; and more...
Wow! How Ghosn is praised! Toyota is compared to Godzilla; and more...
Carlos Ghosn, who heads Renault and Nissan, is credited with saving the Japanese company. Is he getting too much credit?
No. He cut debt by selling off shares in suppliers and real estate. He cut supplier prices by ending the cozy keiretsu deals. But the most important thing he did was to get the lead out. He doesn't even speak Japanese, but he got the workers together, working fast, throwing out losing traditions.
No. He cut debt by selling off shares in suppliers and real estate. He cut supplier prices by ending the cozy keiretsu deals. But the most important thing he did was to get the lead out. He doesn't even speak Japanese, but he got the workers together, working fast, throwing out losing traditions.
Why would Ghosn want to take on this burden?
That is the hardest question of all. Possible answer: Godzilla. No one knows how to stop Toyota from devouring the entire auto world. This is a Godzilla-stopper.
That is the hardest question of all. Possible answer: Godzilla. No one knows how to stop Toyota from devouring the entire auto world. This is a Godzilla-stopper.
07-28-2006, 11:31 PM
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Toyota is expected to earn a net profit of $4.4 billion from April-June with its report next week. 
Honda has reported a net profit of $1.2 billion in the same period. If those two partnered up, they would wipe out other automakers. 
Honda has reported a net profit of $1.2 billion in the same period. If those two partnered up, they would wipe out other automakers.
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