May19th2006

Quote Of The Day

“At Oxford Ghosn presents a gift of $2.7 million from Nissan to fund a Japanese studies program and then turns to one of his favorite activities–meeting with a group of graduate students. When one student asks why Nissan lags behind Toyota in new hybrid vehicles, Ghosn shoots back: “When you have technology that costs $6,000 but the customer is willing to pay $2,000, you have a problem. … We are not ready to mass-market a technology where you are losing your shirt on every car.”" — Carlos Ghosn, CEO of Nissan, quoted in Forbes

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