They aren't selling like iPads or Hunger Games tickets, but global auto sales are enjoying a nice run. They have grown 18% since 2005 to more than 75 million cars and trucks, and Bank of America Merrill Lynch is expecting the industry to tack on another 3.9% increase this year.
Nissan CEO Carlos Ghosn talks about doubling operations in Indonesia.
News item: Nissan Motor Co. recently announced a wide-ranging, six-year business plan that will accelerate the company's growth across new markets and segments. The plan, called "Nissan Power 88," is effective immediately.
To be a successful forecaster, the wise man said, pick a number or a date -- but don't pick both.
The all-electric Nissan Leaf was named the 2011 World Car of The Year at the New York Auto Show on Thursday.
The first quarter of 2011 has been quite a tumult for Carlos Ghosn, chief executive officer of Renault AG and Nissan Motor Co. In Paris he is mired in a faux spy scandal. In Japan he is trying to get Nissan's operations back on track after the damage and dislocation caused by the March 11 earthquake.
The world's most-traveled CEO touched down in New York just before Christmas, looking surprisingly rested despite a travel schedule that would shame most airline pilots.
MME sat down with the Renault-Nissan Chairman Carlos Ghosn and asked him about the next generation autos.
As he campaigns on behalf of Nissan's Leaf electric car, there's an analogy Carlos Tavares likes to draw.
Toyota's announcement that it is making a $50 million investment in upstart electric car maker Tesla got the auto industry's attention this week.
A couple of items in recent news clearly point to a new direction for the global auto industry:
The joint announcement Wednesday by Daimler CEO Dieter Zetsche and Carlos Ghosn, CEO of Renault-Nissan that the three companies will cooperate on various technology and product initiatives opens the door to a whole new chapter in the history of the auto industry.
Carlos Ghosn -- in shirtsleeves -- walks briskly into a conference room on the 21st floor of Nissan's global headquarters in Yokohama, Japan. Awaiting his arrival are 15 executives in two ranks of chairs. Subject of the meeting: how to spread the news about Ghosn's pet electric-car project.
Renault CEO Carlos Ghosn discusses the possibility that Toyota's troubles could drive up profits for other automakers.
Ten years ago, an unknown Renault executive stood in front of a packed audience of analysts and reporters at the Tokyo Motor Show and made a declaration that almost no one believed.
Take a glimpse of the near future. Electric vehicles and other types of eco-friendly cars are taking center stage at the 41st Tokyo Motor Show, which runs through November 4.
While the U.S. auto industry celebrates the impact of the government's cash for clunkers program on July sales, two events separated by thousands of miles should give pause to those whose world view extends beyond next week.
The idea of making money from used auto parts conjures up images of thugs in chop shops tearing apart fancy stolen cars. But auto salvage is a perfectly respectable business, and Chicago-based LKQ has turned scavenging into a science. Since 1998 a group of former Waste Management executives have been revolutionizing a mom-and-pop industry by rolling up dozens of scrap yards that turn junkers into usable parts, and convincing insurance companies and body shops that recycled parts are just as good as ones straight from the manufacturer. After the company went public in 2003 the stock returned better than 500% through its peak early last year, landing LKQ (the name stands for Like Kind and Quality) at No. 58 on our 2008 Fastest-Growing Companies list. "Basically, they've got thousands of acres with a bunch of cars lying around," says analyst John R. Henderson of Morgan Keegan. "But there's a lot of money in ripping them apart."
Despite talking a tough line today, Washington seems determined to bail out Detroit, despite the objections of the public (61% opposed it, according to a CNN poll in February). The public is correct. Money diverted to a dying industry is taken away from areas with better prospects.
Fortune: Driving a bargainupdated: Mon Mar 09 2009 07:07:00
Given the ongoing state of the economy, hearing about automotive bargains may be cold comfort. But if you are in the position to pick up some new sheet metal, there has never been a better time.
Now that President-elect Obama has suggested that General Motors and the rest of the Detroit Three may need to install new management as a condition of a bailout, the question is: Who will become GM's next CEO?
Examines Carlos Ghosn's rich cultural background and how it has helped him lead to major companies on two different continents, at the same time.
The whispers that began in January were confirmed Monday: Nissan and Chrysler have agreed to make cars for each other, in a move that will be crucial to each company's success. And that has spurred speculation about even closer cooperation in the future.
What doesn't kill you makes you stronger: That should be the motto for anyone doing PR for a car company these days. Luckily for Carlos Ghosn, president and CEO of Nissan, he has the ultimate spin doctor at his side. Simon Sproule, a Brit based in Japan, traverses the globe ensuring that the world pays proper attention to Nissan's ongoing revival.
"You can't plan your life, because if you do, it will be too narrow," shouted Carlos Ghosn over the bellowing baritone of a twin-turbo V-6.
For 30 minutes, uber-car guy Bob Lutz held forth before an audience of business journalist on the final press day of Detroit's International Auto Show.
CNN profiles some of the top people in business on "In the Money," which airs Saturday at 1 p.m. ET and Sunday at 3 p.m. ET on CNN. Wine buying 101 • Play video Barilla • Play video Carlos Ghosn • Play video Under Armour • Play video Ice cream company CEO 'dishes' • Play video Cruises and your money • Play video Microsoft roundtable • Play video The rise of Diane Von Furstenberg • Play video J.W. Marriott • Play video
A hush falls over the vast white design studio outside Tokyo. Nissan CEO Carlos Ghosn is examining the concept cars that the company plans to unveil in late October at the Tokyo Motor Show, where every automaker's reputation will be on the line.
Fortune: Road warriorupdated: Tue Sep 18 2007 01:43:00
What doesn't kill you makes you stronger: That should be the motto for anyone doing PR for a car company these days. Luckily for Carlos Ghosn, president and CEO of Nissan, he has the ultimate spin doctor at his side. Simon Sproule, a Brit based in Japan, traverses the globe ensuring that the world pays proper attention to Nissan's ongoing revival. He also likes to pull off stealth PR schemes: In July he quietly entered the not-yet-unveiled 2009 Nissan GTR in Britain's tony Goodwood Festival of Speed. The much-anticipated 450-horsepower fiend rocketed up the hill, to the crowd's astonishment. Given the nomadic nature of his work, he has had only one permanent home in the past seven years (in Laguna Beach, Calif.) and estimates that he spends about 20 days a year there. We chased down Sproule, who has been featured in Japanese GQ twice and in Maquia magazine as one of Japan's most eligible bachelors, to learn how he makes the most of life on the road.
This year, Fortune's list of the highest-paid corporate leaders in Europe reads like a Who's Who of le tout Paris, with French executives taking ten of the 20 top spots, including first and second place. Carlos Ghosn, CEO of French automaker Renault, easily topped the list with $45.5 million (which doesn't include the millions he gets for also running Japan's Nissan, whose principal owner is Renault). That was more than seven times the size of his 2005 package and more than double that of the second-place CEO, Jean-Paul Agon of L'Oréal, with $19.3 million.
A key read on inflation showed core consumer prices meeting expectations, taking stock futures off their lows before the open.
In its 99-year history, no year at General Motors was worse than 2006. It started off with talk of bankruptcy following a $10.6 billion loss for 2005, got worse as GM was forced by shareholder Kirk Kerkorian into alliance negotiations with Renault-Nissan's Carlos Ghosn, and ended with renewed talk that GM soon must relinquish its position as the world's Number One automaker to Toyota.
Is Porsche's Wendelin Wiedeking the next Carlos Ghosn? It certainly is beginning to look that way.
General Motors announced a shocking $10 billion annual loss early in the year, and just so it wouldn't be lonely, Ford and Chrysler came along with their own billion dollar losses later on. Delphi, the bankrupt parts supplier, found some of its former top executives under investigation by the Securities and Exchange Commission for cooking the books. And Toyota decided the Scion was too popular and put a lid on sales.
Life was already complicated for Carlos Ghosn before last summer. Complicated, but under control.
Carlos Ghosn, president and CEO of Nissan Renault, will touch down in Detroit on Thursday, November 16, to give a speech at the Economic Club.
Mike Jackson, 57, chairman and CEO of AutoNation
That the talks to create an alliance between General Motors and Nissan-Renault have collapsed is not surprising. For the past week, GM has been publicly demanding billions of dollars in compensation from Nissan-Renault to equalize the terms of the deal. And Nissan-Renault CEO Carlos Ghosn has been just as forcefully denouncing the financial demands as absurd and unseemly.
Fortune: Ford's new modelupdated: Mon Oct 02 2006 12:05:00
Coming into the auto industry after years of making airplanes, new Ford chief Alan Mulally has a lot to learn about cars and not much time to do it. Business really stinks at Ford, which recently a...
Carlos Ghosn was expected to tell General Motors CEO Rick Wagoner that GM could save at least $10 billion a year by entering into an alliance with the two automakers Ghosn heads, Renault and Nissan Motor, according to a published report.
The Dow Jones industrial average's closing record is on the line Wednesday, but it could have trouble getting there due to an economic report that showed very weak demand for big ticket items.
General Motors Chairman and CEO Rick Wagoner and Carlos Ghosn, the CEO of both Nissan and Renault, are due to meet in Paris this week as the deadline for the companies to decide whether to pursue an alliance grows near.
Carlos Ghosn, chief executive of Renault and Nissan, said he was still eyeing an alliance with a North American partner, according to a newspaper interview released on Sunday.
Fortune: 6 moves to save Fordupdated: Mon Sep 18 2006 12:54:00
By coming into the auto industry after years of making airplanes, new Ford chief Alan Mulally has a lot to learn about cars and not much time to do it. Business really stinks at Ford, which recently announced that it's offering buyouts to all its 75,000 UAW members and cutting its North American salaried workforce by one third.
Fortune: On the radarupdated: Mon Aug 21 2006 13:28:00
Ghosn's Gamble
Carlos Ghosn circumnavigates the planet in his Gulfstream 550 once a month. He typically spends two weeks in Paris, ten days in Tokyo, and what's left of his time in the U.S. and the rest of the wo...
It's been a dizzying few weeks for General Motors. In late June it announced a better-than-expected response to its buyout program. But June sales were disappointing, and the company launched a new...
Toyota's top execs are discussing putting out feelers to GM in a bid to form an alliance and head off rivals Nissan and Renault, a news report said Sunday.
General Motors, Nissan and Renault said Friday they will work on a confidential review of the potential benefits of an alliance between the three automakers.
There are considerable risks to General Motors and CEO Rick Wagoner after his Friday meeting with Carlos Ghosn, the CEO of both Nissan and Renault, even though Ghosn is now on record saying he doesn't want Wagoner's job.
U.S. stocks appeared ready to open higher, despite a report that showed an unexpected drop in retail sales as well as another intraday record high for oil, which topped $78 a barrel as violence between Hezbollah and Israel escalated.
Carlos Ghosn said Thursday that he doesn't want the top job at General Motors Corp. even if an alliance is struck between GM and Nissan and Renault, his two companies.
Carlos Ghosn circumnavigates the planet in his Gulfstream 550 once a month. He typically spends two weeks in Paris, ten days in Tokyo, and what's left of his time in the U.S. and the rest of the world.
General Motors said Friday it would hold "exploratory discussions" with Renault and Nissan regarding a potential historic combination of three of the world's largest automakers.
Stocks fizzled at Wednesday's open, the recent enthusiasm over cooling inflation struck by a seventh missile test launch by suspected nuclear power North Korea.
Do you have a question for Carlos Ghosn, the next person to be profiled on Revealed? Do you know something revealing about the personalities we are profiling? E-mail us.
Information everywhere. Connectivity at all hours. A smaller world.
It's not enough that Carlos Ghosn is running two global car manufacturers -- Japan's Nissan and France's Renault -- that are thousands of miles apart. Ghosn continues to conjure up new business strategies that disrupt his own company as well as the competition.
IS THERE A NEW LEADER IN FORD'S future? Chairman and CEO Bill Ford, 48, has apparently been doing some soul-searching about his ability to rescue the company that his great-grandfather started. His...
It got a lot harder to join the ranks of the world's largest corporations this year. The cutoff for the list--the revenue needed to be ranked No. 500--rose by a record 15%, to $12.4 billion. That's...
Business 2.0: Dream Factoryupdated: Wed Jun 01 2005 00:01:00
In the dream, they're cheering for him. Hundreds of workers on the factory floor, surrounded by new cars and trucks, all with their fuel doors open. A man glides from one vehicle to the next, openi...
Fortune: INTO THE FRAYupdated: Mon May 02 2005 00:01:00
Rick Wagoner isn't the only chief who has seized control in hopes of rescuing an ailing business. These four men also pushed out underlings and put their own reputations on the line, with varying d...
TOKYO -(Dow Jones)- Nissan Motor Co. (7201.TO), announcing record earnings for its fiscal year ended March 31, disclosed an ambitious new three-year plan that seeks to boost growth while establishing Nissan as one of the world's most financially disciplined car producers.
Carlos Ghosn has held jobs on four continents and speaks four languages, though not Japanese. FORTUNE's Alex Taylor asked Ghosn, with new Sony chief Howard Stringer in mind, how he managed as a CEO...
CNNMoney: Sony goes Britishupdated: Tue Mar 08 2005 10:46:00
Sony's hiring of a Brit to try and turn the group around may be a shock.
Fortune: DOUBLE DUTYupdated: Mon Mar 07 2005 00:01:00
RUNNING A GLOBAL CAR COMPANY ISN'T AN EASY JOB. YOU'VE got to deal with hundreds of suppliers, thousands of employees, millions of customers, and a network of factories that produces tens of millio...
Fortune: Book Reviewupdated: Mon Dec 27 2004 00:01:00
When Carlos Ghosn moved to Japan in 1999 to rescue Nissan, a competitor said his mission would be the equivalent of putting $5 billion into a container ship and sinking it into the ocean. In his ne...
Japanese pining for an economic revival have been cheered by the success of Osaka's baseball team, the Hanshin Tigers. For diehard fans, the Tigers are a perennial disappointment. But it is an endu...
Fortune: Foreign Powersupdated: Mon Aug 11 2003 00:01:00
Our list of the 12 most powerful business leaders outside the U.S. is made up of seven Europeans, four Asians, and a Middle Easterner. What's missing? There's no one from Africa or Latin America. (...
Is there a vehicle that gets less respect than the minivan? Owners treat it like a people mover--good enough to haul kids and groceries but too downscale for trips to the country club. Manufacturer...
Fortune: Awardsupdated: Mon Feb 18 2002 00:01:00
When Nissan's Carlos Ghosn promised in 1999 to resign if he couldn't turn around the troubled automaker, oddsmakers penciled him in for a short stay. But after cutting costs, selling assets, and re...
It was a foggy day in Detroit's northern suburbs, but from his office on the 15th floor of the Chrysler Group's headquarters, CEO Jim Holden could see storm clouds gathering over the auto industry....
During a weeklong tour of Nissan's facilities in North America in mid-November, chief operating officer Carlos Ghosn spent 4 1/2 hours under a hot Arizona sun driving a dozen cars, vans, and pickup...
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