Summary of Hans Greimel & William Sposato's Collision Course

By IRB Media

Get the Summary of Hans Greimel & William Sposato's Collision Course in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: Journalists Hans Greimel and William Sposato have followed the story up close, with access to key players, including Ghosn himself. Veteran Tokyo-based reporters, they have witnessed the end of Japan's bubble economy and attempts at opening Japan Inc. to the world. They've seen the fraying of keiretsu, Japan's traditional skein of business relationships, and covered numerous corporate scandals, of which the Ghosn Shock and Ghosn's subsequent escape stand above all.

Expertly reported, Collision Course explores the complex suspicions around what and who was really responsible for Ghosn's ouster and why one of the top executives in the world would risk everything to escape the country. It explains how economics, history, national interests, cultural politics, and hubris collided, crumpling the legacy of arguably the most important foreign businessman ever to set foot in Japan.

• Language: English
• Publisher: IRB Media
• Release date: Dec 10, 2021
• ISBN: 9781669343677

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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Insights on Hans Greimel and William Sposato's Collision Course

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 6

Insights from Chapter 7

Insights from Chapter 8

Insights from Chapter 9

Insights from Chapter 10

Insights from Chapter 11

Insights from Chapter 12

Insights from Chapter 13

Insights from Chapter 14

Insights from Chapter 15

Insights from Chapter 16

Insights from Chapter 17

Insights from Chapter 18

Insights from Chapter 19

Insights from Chapter 20

Insights from Chapter 21

Insights from Chapter 22

Insights from Chapter 1

#1

The first two years of the partnership between Nissan, Renault, and Mitsubishi were successful, as the companies grew and the profits increased. However, in 2000, Ghosn was promoted to president of Nissan, and in 2001 he became the company’s CEO.

#2

Ghosn was a French-Lebanese businessman who was the head of both Renault and Nissan, two Japanese companies. He was praised for saving Nissan from bankruptcy and building it into a profitable global innovator.

#3

Ghosn had signed a new four-year contract to lead Renault in late 2018, but with conditions: his mission was to make the Alliance irreversible. That meant cementing the three companies into a permanent partnership that wouldn’t break apart when Ghosn left the scene.

#4

Ghosn was on his way to Tokyo, where he was to attend a celebration for the successful completion of the Nissan-Renault alliance. But when he arrived at the airport, he was detained by Japanese immigration officials and escorted to the Tokyo Public Prosecutors Office.

#5

Nissan confirmed the arrest of Carlos Ghosn. The company he had saved from the scrap heap nearly two decades earlier now appeared to be in crisis.

#6

The whole affair was so shocking, it got its own name: Ghosn Shock.

#7

Ghosn Shock unleashed a wave of chaos that swept through the global auto industry and Japan’s legal system. It exposed long-simmering tensions between the alliance of companies, between the Japanese government and its citizens, and between the two countries.

#8

The alliance between Nissan and Renault was falling apart. The mistrust between the two companies was palpable. Nissan said Ghosn’s arrest had its origins in a company whistle-blower, but others believed it was