After pulling off what some have termed a miracle by turning a struggling Nissan Corp into one of the most profitable corporations in Japan, Carlos Ghosn is now swinging his magic wand in the land of frog legs and stuffed goose liver!
Renault shares surged to a 10-year high on Tuesday as investors pointed to rising first-quarter revenues as evidence that the profit plan of Carlos Ghosn, chief executive, was starting to bear fruit.
Mr. Ghosn took over at Renault 12 months ago but it was only in February that he outlined a plan to boost profit margins from 2.5 percent last year to 6 per cent in 2009, add 800,000 car sales and improve quality. (Financial Times)
All you Renault drivers out there... you now have another reason to stick with the Brand!