ankurshah wrote:Alright this helps, I guess for practical purposes, AESC is basically Nissan. Anyone know why Nissan would create AESC?
Joint Ventures (most of which don't work, but this one appears to have), are usually formed because two companies, that are not directly competitive, do not have the technical and/or financial resources to solve some issue or enter a market. It also spreads the risk to two parties, instead of having to carry it solo.The nightmare ones are those with a 50/50 ownership split which inevitably leads to a giant clash of egos and gridlock. In this one, the senior partner, Nissan, has more than 50%, which at least puts someone in charge.