LATEST
WEBSTORY
TRENDING

Narayana Murthy’s Infosys faces massive penalty, asked to pay over Rs 100000 for…

'We attach no value to...': India dismisses US human rights report as 'deeply biased'

Dil Dosti Dilemma review: Anushka Sen, Kush Jotwani bring back SRK's old-school romance in fresh, feel-good entertainer

Hypertension:Warning signs of high blood pressure in legs and feet

Animals that break trust

Benefits of having yogurt in summer

BJP appoints new state presidents in Telangana, Jharkhand, Punjab, Andhra ahead of 2024 Lok Sabha polls

Meet 'mystery girl' whose pictures with Indian cricketer Yuzvendar Chahal is going viral

SCO must not hesitate to criticise countries supporting terrorism: PM Modi

PHOTOS
VIDEOS
ENTERTAINMENT

Actors who died due to cosmetic surgeries

See inside pics: Malayalam star Aparna Das' dreamy wedding with Manjummel Boys actor Deepak Parambol

In pics: Salman Khan, Alia Bhatt, Rekha, Neetu Kapoor attend grand premiere of Sanjay Leela Bhansali's Heeramandi

Patanjali Misleading Ad Case: Why Patanjali Issued Another ‘Bigger’ Public Apology? | Ramdev | SC

Lok Sabha Election 2024: Rapid Analysis of Hot Seats of Phase 2 | Editor's Table | Election 2024

Tejasvi Surya Vs Sowmya Reddy: Will Tejashvi Win From Bangalore South Again? | BJP Vs Congress

Dil Dosti Dilemma review: Anushka Sen, Kush Jotwani bring back SRK's old-school romance in fresh, feel-good entertainer

Tamil star Prasanna reveals why he chose series Ranneeti for Hindi debut: 'Getting into Bollywood is not...'

Anees Bazmee says choosing 'wrong people' is reason behind Akshay Kumar's bad run at box office

Home Business

Business

‘Cut costs like Chinese, Indians to survive’

Carlos Ghosn, head of the French-Japanese alliance Renault-Nissan, said automakers who want to survive should take a cue from cost-cutting in China and India.

DNA Web Team

Updated : Sep 14, 2017, 04:05 PM IST

RIO DE JANERIO: Carlos Ghosn, head of the French-Japanese alliance Renault-Nissan, said automakers who want to survive should take a cue from cost-cutting in China and India.

"The world should build vehicles with the same frugal mentality of the Chinese and the Indians -- it's a matter of survival," Ghosn was quoted as saying in the Brazilian weekly magazine Veja.

The interview was published on Saturday, the eve of the centennial edition of the blockbuster US auto show in Detroit, Michigan, the 2007 North American International Auto Show.

The Brazilian-born Frenchman pointed to the Indian automaker Tata's plan for the world's cheapest car, a four-door with a retail price of $2,000.

China and India have unleashed a true "revolution" and Western automakers must adapt if they want to stay in business, he said.

"Five years ago, for example, there was neither the Chinese market, nor the Indian, nor the Russian.

"Now these are markets where vehicle sales are rising the fastest and where it is necessary to invest in innovation and distribution models," he said.

"It's the new challenge," he emphasized, recognizing the difficulty of certain automakers to change "rigid and implanted structures" in their mentalities.

Some firms will disappear, he said, warning that "there's no room for complacency."

The giant US automakers General Motors Corp and Ford Motor Co are battling financial crises and are trying to restructure.

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed- Follow DNA on WhatsApp.

VIDEO OF THE DAY

Watch more

‘Cut costs like Chinese, Indians to survive’

VIDEO OF THE DAY

Live tv

POPULAR STORIES

MOST VIEWED

MOST WATCHED

DNA ORIGNALS