How Renault Jump-Started Nissan

Louis Schweitzer, the French carmaker's CEO, on the revival's key elements: Linchpin Carlos Ghosn, trust, and a performance focus

Louis Schweitzer, Chairman and CEO of Renault (RNAUF ), made one of the boldest bets in the automotive industry in March, 1999, when he paid $5.4 billion for a controlling stake in Japan's near-bankrupt Nissan (NSANY ) and dispatched his No. 2, Carlos Ghosn, to turn it around. Now Schweitzer's 44% stake is worth three times what he paid for it, and the dramatic revival at Nissan is legend.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.