Renault Chairman Louis Schweitzer isn’t afraid to bet big. In 1999, he ignored expert advice and did what no other automotive executive had the guts to do: sink billions into an ailing Nissan. By most accounts the move to acquire a 44.4% stake in the Japanese auto maker appears to have paid off: Nissan is healthy once more, operating solidly in the black and moving on to a third phase in its recovery plan. Now Schweitzer is at it again, putting a pile of chips on a new world car ...

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