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GM, Nissan heads discuss alliance

PARIS, Sept. 27 (UPI) -- The heads of General Motors Corp. and Renault SA met Wednesday in Paris about a possible alliance of GM, Renault and Nissan Motor Co.

Report: GM, Ford talk merger

DETROIT, Sept. 18 (UPI) -- Executives from Ford Motor Co. and General Motors Corp. have discussed a merger or alliance, Automotive News reported Monday.

Automakers consider 3-way alliance

DETROIT, July 15 (UPI) -- General Motors, Renault and Nissan will begin studying the merits of allying with each other, the officials from companies announced in Detroit.

Kerkorian to GM: Join Renault-Nissan

NEW YORK, June 30 (UPI) -- One of General Motors Corp.'s top shareholders wants it to explore joining the Renault SA-Nissan Motor Co. alliance.

Renault in three-year turnaround plan

PARIS, Feb. 9 (UPI) -- The chief executive of the French automaker Renault said Thursday it would be Europe's most profitable carmaker by 2009.

High hopes for Sony's cut-throat plans

TOKYO, Sept. 23 (UPI) -- When Howard Stringer took over the helm of Japanese electronics giant Sony in June, many expected the Welsh national to be merciless in sacking people and closi
SHIHOKO GOTO, Senior Business Correspondent

Steel shortage halts Nissan factories

TOKYO, Nov. 25 (UPI) -- Nissan Motor Co. will halt operations at three of its Japanese factories for five days because of steel shortages, Mainichi Shimbun reported Thursday.

Nissan invests $60 million in Egypt

TOKYO, June 28 (UPI) -- Nissan Motor Co. said Monday it would invest $60 million in Eqypt as part of a plan to expand business operations in the Middle East and North Africa.

Layoffs may re-open UK's euro debate

LONDON, Jan. 16 (UPI) -- Electronics manufacturer Samsung said it would shut down its manufacturing operations in the UK and cut 425 jobs due to high labor costs.

JapanWatch: Shares down, but still bright

Shares ended lower for the third consecutive session Thursday, as profit-taking weighed down on some of the previous gains. Selling of blue-chips including Toyota, Honda, and Sony was particularly noticeable, but market sentiment continues to be fairly bu
SHIHOKO GOTO, Senior Business Correspondent

Japan Watch: Stocks rally on US highs

It''s been a great week for Japanese equities, thanks largely to the stellar performance of the U.S. markets.
SHIHOKO GOTO, Senior Business Correspondent

The Bear's Lair: Bye Ford, we'll miss you

WASHINGTON, March 17 (UPI) -- In 1979-80, at the time of the Chrysler bailout, I and many other commentators predicted that saving Chrysler would simply result in bankrupting Ford. 24 years later, this prediction may finally be on the brink of realization.
MARTIN HUTCHINSON, UPI Business and Economics Editor

Analysis: The revenge of the plodding CEOs

WASHINGTON, Nov. 13 (UPI) -- With rallying cries about a technology-driven New Economy already becoming a thing of the past, corporate executives who are now attracting Wall Street's attention are those who lead companies that make or provide solid goods. In short, it's the steady pl
SHIHOKO GOTO, UPI Senior Business Correspondent

Executive Business Briefing

Here is a look at Tuesday's top business stories:

The Bear's Lair: 'Bear Food' -- third meal

WASHINGTON, May 28 (UPI) -- The stock market has been somewhat weak since my second "Bear Food" article of December 24, down 6.3 percent to 1,075 on the S&P 500 Index, and has showed recent signs of deteriorating further. I thus thought it worthwhile to produce a third instalment of
MARTIN HUTCHINSON, UPI Business and Economics Editor
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Photos
Carlos Ghosn
Carlos Ghosn, chief executive of Renault and Nissan, speaks during the presentation of the new 2007 Nissan Qashqai in La Courneuve, near Paris, September 6, 2006. Unveiling the new Qashqai four-by-four car on Wednesday, Ghosn said that the alliance between the French and Japanese groups was 'unique' and built on mutual trust. (UPI Photo/Eco Clement)
Wiki

Carlos Ghosn, (Arabic: كارلوس غصن‎, born 9 March 1954), KBE, is a Lebanese-French businessman who is currently the Chairman and CEO of Yokohama, Japan-based Nissan and holds the same positions at Paris-based Renault, which together produce more than one in 10 cars worldwide. For orchestrating one of the decade's most aggressive downsizing campaigns and spearheading the turnaround of Nissan from near bankruptcy in the late 1990s, Ghosn earned the nicknames "le cost killer" and "Mr. Fix It." After the Nissan financial turnaround, he achieved celebrity status and ranks as one of the 50 most famous men in global business and politics. In Japan, he is the superhero protagonist in a popular "manga" comic book series. His polemical decision to spend $5 billion to develop the world's first mainstream electric car, the Nissan Leaf, is a subject of the 2011 documentary "Revenge of the Electric Car."

Ghosn (rhymes with "phone" in English) was born in Porto Velho, Brazil on 9 March 1954 to a French mother and Lebanese father. At age 6, he moved to Beirut, Lebanon, with his mother. He completed his secondary school studies there, in a Jesuit school (Collège Notre-Dame de Jamhour). Then he completed his classes préparatoires at Lycée Stanislas in Paris. He graduated with engineering degrees from the École Polytechnique in 1978 (X1974) with the final year's specialisation at the École des Mines de Paris. He is a French citizen. Ghosn is multilingual and speaks six languages (Arabic, Portuguese, Spanish, French, English and Japanese).

He has attracted controversy for his candor and for his demanding and sometimes confrontational style. He has also drawn criticism for investing heavily in developing economies, including Brazil, Russia, Korea, India and in particular China, where Nissan is now the No. 1 foreign carmaker. (By contrast, more traditional automakers focus on wealthy markets such as North America and Western Europe, which are seen as less risky bets.) His strategy for penetrating emerging markets includes selling cars with sticker prices under $3,000 and successfully commercializing affordable zero-emission vehicles: "If you're going to let developing countries have as many cars as they want -- and they're going to have as many cars as they want one way or another -- there is no absolutely alternative but to go for zero emissions. And the only zero-emissions vehicle available today is electric.... So we decided to go for it," he told the University of Pennsylvania's Wharton School of Business.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Carlos Ghosn."
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