Saturday, March 5, 2011

Carlos Ghosn, under fire at Renault, seeks new story for Nissan alliance

image

Although the 12-year Renault-Nissan partnership is often viewed as a success story in an industry littered with botched tie-ups, Renault investors seem less than thrilled about it lately. On Feb. 10, CEO Carlos Ghosn unveiled a new six-year business plan for Renault, promising to generate more cash and profits to reward shareholders. To his surprise, investors gave it the thumbs down, and Renault's shares have fallen about12 percent since the announcement through Friday's close


No comments:

Post a Comment