After the near bankruptcy of Nissan company, a man comes to take the company from the losses to profits and revive it to come back to be a tough competitor in the car industry again.
Carlos Ghosn (61 years old) the Lebanese man who joined Nissan as its Chief Operating Officer (COO) in June 1999, became its President in June 2000, and was named Chief Executive Officer (CEO) in June 2001.When he joined the company, Nissan had a consolidated interest-bearing net automotive debt of more than $20 billion (more than 2 trillion yen) .
Ghoson developed a plan to recover the losses then making profit. After twelve months of his three-year turnaround plan, Nissan had returned to profitability, and within three years it was one of the industry's most profitable auto makers, with operating margins consistently above 9%—more than twice the industry average. After that he was awarded by Fortune to be "Asia Businessman of the Year" to be nicknamed as Mr. Fix it.
one of the major factors that make the company profitable again is the return of Nissan Z
one of the greatest cars ever made. Also when The GT-R returned to be one of the most fastest and beautiful cars that has a great technology "GT-R was technology is back" Ghoson said.
Here is a video to show the great speed of GT-R among various type of racing cars.
Here is a short video to talk about Nissan's comeback
Thanks to Carlos Ghoson and his staff for believing in this company and it's amazing cars. So what do you think about the return of Nissan? Do you believe it is a good company?
It's a good example of the success in business and problem overcoming, the innovation and reading the market needs will lead to a big success in any business.
ReplyDeleteThank you Nasser for this post .
ReplyDeleteit's difficult to find a new or original car of this type .
the company don't repair or fix if something happened to this car .
a large group of people love this car and try to make it like if it was this year model .
for me , i like these kind of car and also my brother have a GT-R 1980 , it's cool to have it.
thank you.
Thank you Nasser for sharing such a story.
ReplyDeleteWe can learn a lot of things from this success story. One of which is how planning is important for any business. Secondly, give the right man the job and you will get the results you want.
Yes nissan one of the good company for cars. And they become top because they make a cars that satisfy all kind of people old , young , and teenagers .
ReplyDeleteFor example they make 4*4 cars for people who like go to desert
And they make sport cars like Z for teenagers
So that's the reason that make Nissan company to succeed.
Nissan they have problem in maintenance the cars , so if they solve this problem they will be a best company and they will get more profit .