Nissan - Wikipedia, the free encyclopedia
Nissan, or Nissan Group (nichiyo-kai) was one of Japan's most powerful business grouping, called keiretsu, founded by Yoshisuke Aikawa. It's core business was real estate and insurance, with hundreds of member companies, including fisheries, mining, and is affiliated with Hitachi companies. Although Nissan was primarily known for its car manufacturing outside of Japan, Nissan Motors was a comparatively small side business compared to its core real estate business, until the real estate crash of early 1990's, which dealt a devastating blow to the Nissan Group. Nissan Motors (Nissan Jidosha KK) successful turnaround was attributed by CEO Carlos Ghosn to his ability to detach from Nissan keiretsu connections.
Renault-Nissan Alliance: Basics
To set up a powerful automotive group ranked in the top four worldwide by boosting the performance of Renault and Nissan through wide-ranging cooperation, while preserving the two companies' distinct identities: this was the aim of the agreement signed on March 27, 1999 when Renault took an equity interest in Nissan. The Alliance is the first industrial and commercial alliance of this type between a French company and a Japanese company. October 30, 2001: Renault and Nissan announce their decision to further strengthen the Alliance, in accordance with the terms of the original agreement, so that the two partners can implement common projects more quickly.