In March 1999, Renault bought a controlling interest in Nissan.
Only months before Renault's foray into the Japanese market,
Toyota, Japan's most profitable car marker, announced its decision
to build its latest European production facility in northern
France. Although greeted with less media attention, Toyota's
investment decision was equally remarkable. The author analyzes
liberalization trends in both the Japanese and the European
automotive markets and the reaction of manufacturers to such
trends.
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