Nissan's results: on the road to recovery?
When Renault took a controlling equity stake in Nissan Motor in 1999, many were sceptical about the link-up of these two very traditional car companies with very different cultures. Carlos Ghosn was parachuted onto the Nissan board and the Nissan Revival Plan took shape. Yesterday's financial results confirm a turnaround that has its roots in asset sales and cost savings. Rob Golding was at the press conference in Paris to hear the results.
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