Word: renaults
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Dates: during 1990-1999
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Anyone who thinks Christine Jean got rich by winning a Goldman Environmental Prize in 1992 should take a spin in her antiquated Renault. Most of the windows don't roll down; the passenger-side door opens only from the outside; and the paint is pocked with rust. But Jean doesn't care. All her $60,000 prize money went to Loire Vivante, the umbrella group she has headed since 1987. Its mission: blocking a gargantuan dam-building project that could have destroyed beautiful landscape and fragile ecosystems surrounding Europe's last wild river...
...hardly radical enough, which is one reason why Hanawa is committing miuri. In one remarkable January week, Nissan became the most talked-about company in the global auto business because everyone with a little extra cash wanted a piece of it. Even tiny Renault piped up that it had French-government backing to acquire a controlling stake in the world's seventh largest carmaker. Renault could afford it because that week Nissan's stock price had sunk low enough so that a 33.4% share (which counts in Japan as a controlling interest) was worth around $2.8 billion--or barely half...
Even such proprietary items as engines and overall design may be up for grabs. Volvo and Renault supply each other with engines for some models, and the high-performance British motorcar company Lotus says 10% of new cars made in Europe will carry engines of Lotus design next year. Lotus spokesman Alastair Florance says the company's new modular V-8 motor can be dismantled, reconfigured, expanded or contracted to fit virtually any car. Lotus, which is owned by Malaysian carmaker Proton, earned more money advising other carmakers last year than it did selling its own legendary road burners...
...part of Thyssen Budd Automotive, which will soon be folded into emerging industrial conglomerate Thyssen Krupp AG. Carmakers themselves are also creating new players. Both Ford and GM have turned their component divisions into distinct profit centers with fancy names like Visteon and Delphi, and Renault and Fiat recently announced they were blending their foundry activities into a $2 billion-a-year systems supplier...
Specifically, Iacocca's Global Motors was to be an alliance of Chrysler and Volkswagen (or Fiat or Renault if VW didn't want to play), with American Motors thrown in to make trucks and utility vehicles. American-designed cars would run on German (or Italian) engines, and joint dealerships around the world would be able to match the market penetration that only GM and Ford had at the time. It was one of Iacocca's typically brash ideas...