5 years ago.(News)(Brief Article)

Automotive News Europe,  February, 2004  

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The top stories from Automotive News Europe's February 1, 1999, issue - and how they developed.

Nissan seeks buyer

Renault confirms it is talking to Nissan Motor Co. about buying a major chunk of Japan's No. 2 automaker.

* On March 27, 1999, Louis Schweitzer, CEO of Renault, and Nissan CEO Yoshikazu Hanawa signed an estimated [euro]4.8 billion agreement in Tokyo completing the biggest takeover of a Japanese company by a foreign group. Renault took a 35 percent controlling stake in the struggling company (later increased to 44 percent). Schweitzer sent Carlos Ghosn, his ...

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