GaleHawkins wrote: ↑
Sat Feb 15, 2020 9:48 pm
In the late 90's Nissan was in serious trouble and about to go under and for cash they gave Renault control over Nissan. All restructuring efforts have failed for two decades now they are looking to sell off the the Chinese their factories in England and Spain per on recent report as they work to downsize again world wide.
Nissan was near bankrupt (and had been in decline in the 90s) when Renault bought a controlling stake and installed a Carlos Ghosn who did turn around the company.
To claim that "All restructuring efforts have failed for two decades" is grossly inaccurate.
Ghosn got rid of Nissan's debt and had them making record profits instead. I read https://www.titantalk.com/threads/nissa ... tar.21966/
when it originally was on detnews.com. Look at all the awards he got at https://www8.gsb.columbia.edu/paneuro/s ... rlos-ghosn
, including being knighted. You think that all happened due to failed restructuring efforts?
However, things started to go downhill once Ghosn relinquished the CEO title to Saikawa (who has been forced out now) and have continued to get worse.