Wednesday, August 17, 2005
I say almost because, Nissan was recently purchased, or part purchased by the French car manufacturer Renault, and this despite the fact that Nissan makes much better cars. Very few Renault cars are sold in Japan, where as Nissan cars are fairly popular in Europe, and have to be limited by "voluntary restrictions". Nissan is good at manufacturing but poor at financial planning. Renault had lots of cash but did not want to invest in its own manufacturing. Hence the Renault investment in Nissan. A marriage made in heaven. As a Brit I only wish that it could have been Austin Rover that had the cash left to purchase Nissan.
This blog represents the opinions of the author, Timothy Takemoto, and not the opinions of his employer.