Cars & Driving
- noun a Japanese word referring to the large groups of companies that are a characteristic feature of the Japanese economy, especially in the auto industry.
- a Japanese conglomerate company or business alliance whose members hold shares in the other member companies. Keiretsu business groups generally consist of firms that share close buyer-supplier relationships and are characterised by close internal control, policy co-ordination, and cohesiveness.
- A group, or network, of manufacturing and other companies in Japan, usually centered around a bank and including a trading company. Keiretsus are characterized by cross-ownership of shares, strategic coordination, and preference for transactions within the network.