She decided to adopt a joint venture approach, as in the case of the automobile companies, to introduce the cutting-edge technology of Nippon Steel in the steel business.
FAW-Volkswagen, GAC-Honda, GM Ford, all basically adopted this joint venture idea, and these enterprises, after 20 or 30 years of joint venture development, also really achieved very proud sales results.
Nippon Steel is also very interested in this cooperation, plus the Moore family has the strength, land, and also a certain amount of experience in the steel industry, it is also a very good potential partner for Nippon Steel.
So the two sides hit it off right away, and all that remained was the discussion and formulation of the details of the cooperation.
hold 51% of the shares and Nippon Steel to hold
but it determines who is
shareholder is the unquestionably largest shareholder, and has the absolute power to say one thing or the
Nippon Steel, the Moore family will lose all dominance in
the negotiation table, the two sides tug back and forth on this issue, but no
Nippon Steel’s top management: “Gentlemen, our cooperation this time, the reference is the automotive industry’s consistent mode of cooperation, in our country, local automotive enterprises, and overseas automotive enterprises to set up a joint venture company’s rules is the local enterprise share 51%, the overseas enterprise share 49%, after all, the enterprise is established in our country, also should be held
vice chairman of Nippon Steel, whose full name was Hashimoto Kensen, and was a member of Nippon
was able to climb to the core
model you are talking about in the automotive industry, but that model is not suitable for
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