The shares jumped by 21 percent as of 2 p.m. Thursday. KKR aims to take control of the company and lead a restructuring effort in place of the founding Takada family, the Nikkei reported. Takata said earlier it retained Lazard Ltd. to pursue investment in the company. Representatives for Takata and KKR said they weren’t immediately […]
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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