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Former Nissan CEO Hanawa Dies At 81
- Automotive News, Thursday, December 24, 2015 8 AM
Yoshikazu Hanawa, the former Nissan Motor Co. president and CEO who negotiated an alliance with Renault SA in a 1999 agreement that rescued the indebted Japanese automaker, has died at age 81. He was the last CEO of an independent Nissan before France's Renault bought a controlling stake in the struggling manufacturer. Hanawa assumed the top rank in 1996 when weak sales and mounting debt was driving the automaker to the brink of bankruptcy. He turned to Renault after approaching Ford Motor Co. and the former DaimlerChrysler.
