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Business

Planned Calsonic Kansei sale completes Nissan's group shake-up

TOKYO -- Nissan Motor's unloading of its stake in Calsonic Kansei would mean the automaker's efforts to reorganize its group business structure are coming to fruition 15 or so years after they began.

Nissan drastically reformed its business operations in the early 2000s under the lead of President Carlos Ghosn, closing factories and cutting or reducing capital ties with affiliated autoparts makers. Eliminating cozy relations based on capital ties reintroduced competition among parts suppliers, lowering costs and fueling Nissan's quick business recovery.

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