The reaction has been far less buoyant in Mizushima, an industrial town in southern Japan that’s home to Mitsubishi’s flagship assembly plant. Investors cheered when Nissan Motor Co. Chief Executive Carlos Ghosn announced in May that his company would acquire a 34 percent stake of scandal-tainted Mitsubishi Motors Corp. as part of an expanded strategic […]
The Topix finished at 1,342.87 in Tokyo, erasing earlier gains of as much as 1.1 percent as about nine shares advanced for every eight that fell. The Nikkei 225 Stock Average climbed less than 0.1 percent to 16,772.46. The yen added 0.4 percent to 109.74 a dollar, while Brent crude traded at the highest level […]
Three years later, Ghosn was sent to revive Renault partner Nissan Motor, which had been unprofitable in seven of the previous eight years and was the most indebted carmaker in the world. By fiscal 2003 it had become the globe’s most profitable major automaker. His revival of Nissan remains one of the industry’s extraordinary success […]
The 500 trillion yen ($4.4 trillion) economy is home to eight automakers, including the world’s sales leader Toyota Motor Corp., and other global players such as Honda Motor Co. and Nissan Motor Co. That’s more than car-loving Germany, which has three domestic automakers, or the far bigger U.S. market, where Ford Motor Co., General Motors […]
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