South African units of automakers are confident they are close to striking a wage deal with labor unions, a development that would help prevent strike action that has hampered the industry in the past. “We are in what I would consider the final stages and the positive is that I think both parties feel that […]
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 […]
Last week, in the EU referendum, he cast a ballot to quit. Christopher Shepherd helped build a Nissan Motor Co. factory in Sunderland, England, that thrives on the U.K.’s membership in the European Union. Shepherd, a 73-year-old retired construction worker, was joined by 61 percent of the electorate in Sunderland, making the gritty city in […]
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 […]
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