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MessaggioInviato: gio apr 30, 2015 10:21 am 
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Lo Stato francese comprerà 14 milioni di azioni della Renault, portando la sua quota di capitale dal 15% al 19,7% e diventando primo azionista della casa automobilistica: lo hanno annunciato l’8 aprile i ministri Michel Sapin (Finanze) ed Emmanuel Macron (Economia). Una decisione che ha mandato su tutte le furie Carlos Ghosn, il numero uno del marchio e dell’Allenza Renault-Nissan, il quale ha convocato ieri un’assemblea eccezionale che aveva come ordine del giorno “l’assetto proprietario di Renault e le sue conseguenze sull’Alleanza”.

Lo stringato comunicato stampa diffuso al termine dell’assemblea sottolinea che “la continuità e il successo dell’Alleanza sono fondati fin dalle origini, nel 1999, sull’equilibrio delle partecipazioni”, e infatti oggi lo Stato francese e Nissan posseggono il 15% del capitale ciascuna. “La solidità del partenariato tra le due società è alla base dei successi dell’Alleanza, di cui hanno direttamente beneficiato i due partner”, dice la Renault, motivo per cui “il consiglio di cmministrazione chiede che sia mantenuto l’equilibrio tra i due principali azionisti di Renault in occasione della prossima assemblea generale, o ripristinato dopo quest’ultima”.

Ma perché il governo francese ha deciso di acquistare nuove quote in Renault proprio ora, con una spesa stimata fra gli 814 e i 1,232 milioni di euro? Perché vuole impedire agli altri azionisti di bloccare il raddoppio dei suoi voti: una legge antispeculazione, chiamata “legge Florange”, approvata il 29 marzo 2014 dallo stesso governo Valls, dà infatti a chi possiede azioni da più di due anni un diritto di voto doppio rispetto agli altri azionisti. Il raddoppio dei voti è automatico, a meno che i due terzi dell’assemblea non decida di mantenere la vecchia regola “un’azione, un voto”. Poiché Nissan non ha diritto di voto, con il 19,7% delle azioni lo Stato controlla il 23,2% dei voti disponibili, che – in assemblee in cui si supera raramente la presenza del 70% degli aventi diritto – bloccherà probabilmente la mozione contraria. Il ministro Macron ha dichiarato che una clausola con Deutsche Bank, tramite cui lo Stato acquista le quote, gli permetterà di rivendere il 4,7% delle azioni dopo il 30 aprile, dopo cioè che gli saranno servite per fare passare l’opzione del doppio voto.

La legge Florange servirebbe, come recita la nota ufficiale del ministero dell’Economia, a “riconquistare l’economia reale” e a “spingere gli azionisti a mantenere le loro quote e quindi a meglio contribuire allo sviluppo dell’impresa”. Una legge considerata “di sinistra” che il governo non può permettersi di non applicare proprio nelle aziende in cui lo Stato è azionista. “Questa operazione è perfettamente conforme alla nuova dottrina dello Stato azionista, che consiste nell’avere una gestione attiva del suo portafoglio”, si legge nel comunicato stampa ministeriale, “per proteggere i suoi interessi a lungo termine, che sono gli stessi di tutti gli azionisti a lungo termine, in particolare dei dipendenti di Renault”.

La dimostrazione di forza dello Stato, però, mette in grave difficoltà Renault, perché difficilmente la Nissan accetterà che il suo azionista di maggioranza (Renault possiede il 44,3% di Nissan) sia controllato dallo Stato francese: la mossa indispettisce senza dubbio il costruttore giapponese, che “potrebbe esigere un rafforzamento del suo peso nell’Alleanza, anche abbassando la partecipazione di Renault al di sotto del 40% tramite una cessione di titoli”, scrive Maxime Amiot su Les Echos. Per minimizzare la portata della mossa, il ministro Sapin ha intanto dichiarato su France Inter che “lo Stato non ha assolutamente né il potere né la volontà di prendere il potere” in Renault, ma solo di “difendere gli interessi dei francesi”, e il ministro dell’Economia ha dichiarato giovedì su Public Sénat che “Ghosn ha la piena fiducia del governo”.

Il caro vecchio colbertismo colpisce ancora.
Se ci fosse una fusione tra Nissan e Renault a comandare sarebbero i giapponesi ecco perché lo stato sta bloccando ogni cambiamento dell'assetto societario.


Ultima modifica di daimlerchrysler il ven feb 16, 2018 8:54 am, modificato 1 volta in totale.

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 Oggetto del messaggio:
MessaggioInviato: gio apr 30, 2015 10:33 am 
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C'è un rischio reale di "rottura"?


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MessaggioInviato: gio apr 30, 2015 10:50 am 
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No, al limite cacciano Ghosn ma è improbabile.


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MessaggioInviato: ven mag 01, 2015 9:45 am 
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Ghosn defeat exposes rival visions for Renault-Nissan alliance
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Ghosn may restore Nissan voting rights at Renault.
Laurence Frost
May 1, 2015 09:30 CET
PARIS (Reuters) -- The French government's move to tighten its hold on Renault, crowned by a rare public defeat for CEO Carlos Ghosn, has exposed competing visions for the carmaker and its alliance with Nissan.

At Renault's annual shareholder meeting Thursday a proposal to allow Renault to sidestep a French law that provides double-voting rights for long-term shareholders such as the French government failed to win the two-thirds support it needed to pass. Investors holding 39 percent of Renault shares, including the government, voted against the proposal.

Ghosn must now decide whether to fight or negotiate for closer Renault-Nissan integration, those close to him say, in the face of France's determination to keep Renault in control of the alliance - and its own hand on the wheel.

"I don't think he's going down without throwing a punch," one alliance executive who knows the CEO well said.

Ghosn has long favored giving Nissan more clout to match its superior sales and profit, according to Renault-Nissan veterans who say he has tried before and may do so again.

Seeking to increase its influence at Renault and other French companies in which it holds stakes, Socialist President Francois Hollande's government has introduced a law that doubles the voting rights on shares held for more than two years.

Companies can opt out of the rule, but a resolution to this effect proposed by Ghosn failed at a shareholders' meeting on Thursday, falling short of the required two-thirds majority with 60.5 percent support.

The result was no surprise. Economy Minister Emmanuel Macron announced three weeks ago a 1.2 billion euro ($1.34 billion) share purchase to raise France's Renault stake to 19.7 percent from 15 percent, in order to block the opt-out.

While the government has promised to pare the stake back to 15 percent, the "Florange law" still raises its voting weight to 28 percent, all but guaranteeing a veto on strategic decisions.

Renault and Nissan both warned that the move would endanger their 16-year-old alliance just as global carmakers are increasingly competing on scale.

At Renault's April 16 board meeting, Nissan also said any lasting increase in French government influence would prompt countermeasures, two sources have told Reuters.

Macron, a 37-year-old former investment banker, has played down the power grab, repeating his "full confidence" in Ghosn. "We're no interventionists," he said on Tuesday, citing his approval earlier this month for the sale of Alcatel-Lucent to Finland's Nokia.

According to company insiders and French officials, however, the government acted partly because it feared Renault's "Nissanization" under a new convergence push by Ghosn.

On paper, Renault controls Nissan through a 43.4 percent stake, mostly acquired in 1999 when it rescued the Japanese firm from bankruptcy. Nissan has no voting rights on its 15 percent cross-holding in Renault.

But Ghosn, 61, who heads both companies, has always given them decision-making autonomy, even at the price of missed cooperation opportunities such as their separately developed and loss-making electric cars.

Nissan has meanwhile outgrown its parent to account for two-thirds of combined vehicle sales and a bigger share of profit.

Forcing the pace

Ghosn is now forcing the pace of integration by fusing production, purchasing and research and development under new alliance chiefs, all three of them Nissan managers. A Renault executive took a fourth post in human resources.

"The Renault guys are worried that Nissan's engineering is taking over and we're about to be eaten alive," said Bruno Mathiez, an official with Renault's CFE-CGC union. The same anxieties have percolated through the finance ministry.

Some observers now expect Ghosn to counter the government by restoring Nissan's voting rights in Renault. "Many investors are focused on the risk of increased government involvement," said Barclays analyst Kristina Church. "We believe this may provide a trigger for Renault and Nissan management to review the current structure of their cross-shareholdings."

If Renault's holding is cut below 40 percent - through its sale of existing Nissan shares or the issue of new ones in a capital increase - the Japanese carmaker's voting rights could be restored under French rules.

"It's hard to see why the government would want an entrenched conflict, or what there is to prevent Nissan from carrying out a capital increase," said another executive close to Ghosn, who expects a "well prepared" riposte.

Ghosn has tried before to reduce Renault's Nissan stake, according to two sources with direct knowledge of the matter, notably during the global financial crisis in late 2008.

"Renault was short of cash and planned to sell some of its Nissan shares," one of the people said. "Everybody agreed and it was all going ahead until someone in the Treasury remembered the 40 percent rule, just a few days before the sale."

The placement was stopped under "friendly pressure", and within weeks the government had announced 3 billion euro emergency loans to Renault as well as Peugeot.

The source believes Ghosn will negotiate before acting unilaterally. "A company like Renault needs to have normal relations with the state," he said.

The room for compromise looks limited, after Macron said he saw no reason to let Nissan reactivate its voting rights and vowed to hold firm "to the end".

But the clearest explanation of the government's stance came from Louis Schweitzer, Ghosn's former boss. "I built the Renault-Nissan alliance according to a logic in which Renault controlled Nissan," said the top civil servant, who oversaw Renault's 1996 privatisation.

The government must "ensure Renault keeps its roots and center in France and that the alliance maintains its original balance, with Renault in the driving seat," he said in a radio interview this week.

Bloomberg contributed to this report

Come atteso lo stato francese si è riuscito ad imporre contro Ghosn ed ha elevato i propri diritti di voto dal 15% al 29%.
Ghosn e' fortemente irritato da questa azione unilaterale perché vede sfumare i suoi piani di modificare la struttura azionaria dell'alleanza Renualt-Nissan.
Quando nel 1999 Renault comprò il 33% di Nissan era chiaro che i francesi diventavano i padroni, nel 2001 ci fu un ulteriore passo in avanti con Renault che sali' al 43% di Nissan e la casa nipponica acquisto' il 15% della Losanga ma senza diritto di voto.
Indubbiamente l'alleanza Renault-Nissan e' stata un successo ma da allora Nissan e' cresciuta molto di più di Renualt e un'eventuale fusione tra le 2 case porterebbe gli azionisti Nissan al comando e ridurrebbe a quasi zero il ruolo dello stato francese.
Ghosn (imho giustamente) vede come necessaria la completa fusione in modo da poter aumentare le sinergie e lanciare il gruppo verso la lotta a Gm, Vw e Toyota.
Non dimentichiamoci che Renault-Nissan vende quasi 8,5 milioni di auto l'anno ed è un vero costruttore globale.
Sarà uno scontro interessante.


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MessaggioInviato: mar ott 27, 2015 12:50 pm 
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PARIS (Reuters) -- Nissan Motor Co. has drawn up proposals to exit Renault control by purchasing a larger stake in its French alliance partner, sources told Reuters.

The move comes amid an escalating power struggle between Renault-Nissan CEO Carlos Ghosn and the French state, Renault's biggest shareholder.

In a three-page document passed to the French government, the Japanese carmaker calls for deep changes to the 16-year-old alliance, giving the companies equal weight in joint decisions and "better balanced" cross-shareholdings of 25-35 percent, government and company sources said.

Renault currently holds 43.4 percent of Nissan and the casting vote in their Dutch-registered Renault-Nissan BV management structure. Nissan in turn owns a non-voting 15 percent of Renault.

The Nissan demands are a response by 61-year-old Ghosn to a surprise April move in which Economy Minister Emmanuel Macron raised France's Renault stake from 15 to 19.7 percent - informing Ghosn in a phone call only hours before the transaction took effect.

The stake increase, described as temporary, allowed the government to force a permanent doubling of its voting rights through the company's shareholder meeting by blocking Ghosn's proposed opt-out from a new law entering force next year.

A retaliatory plan to hand more power to Nissan - by restoring its voting rights in Renault to counter the government's increased clout - already has the Renault board's support. French state representatives abstained from the April 16 vote and have since contested its legitimacy, sources said.

But the new Nissan proposals, in a Sept. 3 note initialed by Ghosn's second-in-command Hiroto Saikawa, go much further.

Under French and Japanese law, the proposed 25-35 percent cross-shareholdings would allow Nissan to vote as Renault's biggest shareholder while depriving the French carmaker of any reciprocal say at Nissan meetings.

That amounts to a "reversal of the balance of power within the alliance to the detriment of Renault," according to a French government source.

The French finance ministry, Renault, Nissan and their alliance declined to comment on the Japanese carmaker's proposals.

"Nissan is fully committed to the success of the alliance and the considerable benefits the alliance has brought to all parties," company spokesman Jonathan Adashek said.

New low

The standoff marks a new low in Ghosn's relationship with the French government. It also threatens the future of an automotive pairing often hailed as a rare success story in an industry whose recent past is littered with failed mergers.

The clash with Macron, 37, a Rothschild banker turned Socialist government minister, has exposed rival visions for the alliance that began diverging at its 1999 origin, when Renault took its first controlling stake in a near-bankrupt Nissan.

Renault's control is enshrined in an alliance master agreement allowing the French partner to appoint top Nissan executives. It also bars either company from issuing new shares or buying the other's stock without approval from its board.

Anxious to safeguard domestic jobs and investment, France is determined to maintain influence over Renault-Nissan and would support a full merger "only if the state remains the biggest shareholder," in the words of one official.

But Ghosn has consistently treated Nissan as an equal partner and previously tried to adjust the formal power balance to reflect economic reality: Nissan has outgrown its parent to account for two-thirds of combined vehicle sales and a bigger share of profit.

In a bid to head off his latest attempt, the government has privately criticized Renault board members for supporting measures it says would undermine the company's interests.

"Carlos Ghosn is the head of two companies," said one official. "At a certain point that creates conflicts."

Some aides see Nissan's demands as a ploy to persuade Macron to give up some of the doubled voting rights due to take effect on April 1 - as France uses the so-called Florange law to wield more shareholder power through its various company holdings.

"This is a tactical game in which Ghosn is making clear the extreme irritation provoked by the state's intervention," said a source close to President Francois Hollande's administration.

Follow through

Ghosn's warning shot may be effective only if the government believes he is prepared to follow through with strategic steps against Renault's main shareholder.

Such open defiance has been considered before, according to two people with direct knowledge of Renault-Nissan discussions - and may now be more likely following Macron's April move.

During a 2011 scandal in which Renault was hoaxed into firing three executives falsely accused of selling company secrets, Nissan feared Ghosn might be replaced by a French appointee who would reassert the smaller carmaker's control.

"They had a look at what the steps were for a nuclear option," said one source. Under the template that emerged, "both boards declare the master agreement invalid and move quickly to have Nissan buy Renault shares and Renault sell Nissan."

In the end, Renault Chief Operating Officer Patrick Pelata resigned over the botched espionage investigation, relieving the pressure on his boss and averting a showdown.

The next step in the current situation, according to Nissan's submission, could be a formal request to the Renault board, which meets in December, to modify the master agreement.

Nissan is now seeking an equal partnership, based not only on trust "but also by contract", it says, to shield the Japanese company from Paris interference through Renault.

If France pares its Renault stake back to 15 percent, as promised, it will still hold 28 percent of eligible votes at the next shareholder meeting, enough to guarantee a blocking minority. The current 19.7 percent holding would likely command an outright majority if maintained until April.

That prospect is becoming more likely.

Options purchased to ensure a minimum resale price on the shares - down 13 percent since April - are now being settled for cash, the government has said, leaving its raised holding intact. The hesitation has little to do with market conditions.

"We knew from the start we might not sell, regardless of the markets, if Ghosn showed no signs of cooperating," said a government source with knowledge of the discussions.

Senior officials are sitting on the full holding for now, he said, "because they are nervous about what Ghosn is planning."

Ghosn non si è rassegnato alla maggiore interferenza dello stato francese e sta cercando mezzi per riequilibrare l'alleanza franco-nipponica a favore di Nissan.
Imho sta scherzando con il fuoco, non credo proprio che Hollande potrebbe sottoscrivere una salita di Nissan al 25% in Renault, in questo modo i giapponesi avrebbero più voti dello stesso stato francese.
Renault-Nissan e' sempre citata dagli esperti come il migliore esempio di un'alleanza tra due costruttori ma nel corso dei 16 anni trascorsi si è visto chi comanda ( Renault) ma anche chi regge la baracca (Nissan).
Lo sbocco ovvio sarebbe una fusione ma Nissan vale in borsa 2,5 volte Renault e verrebbe perduto il controllo da parte dell'Eliseo.
Ghosn rischia la poltrona.


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MessaggioInviato: mer nov 04, 2015 4:07 pm 
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PARIS (Reuters) -- French Economy Minister Emmanuel Macron is pressuring Renault CEO Carlos Ghosn to undertake a full merger with alliance partner Nissan on the government's terms, people with knowledge of the matter told Reuters.

Macron's push sheds more light on a power struggle that burst into public view when the government, the French carmaker's biggest shareholder, raised its Renault stake in April to secure double voting rights.

It also represents a change of stance by the government, which has previously been wary of an outright Renault-Nissan combination that would weaken its grip on the partnership.

Macron has been urging Ghosn for months to set up a joint working group with his officials to explore merger scenarios that would tie Renault to its more profitable partner and safeguard French plants and jobs, government and company sources said.

Ghosn, who heads both automakers, has ignored the demands and may instead be forced to reactivate his own consolidation options, according to alliance insiders. These include ideas for a full merger -- with less government influence -- that were drawn up in 2013 with input from Goldman Sachs and set aside.

"This is causing him to go faster than he had planned to," a company source said. "I would never count Ghosn out."

Rival visions

The boardroom tussle has exposed rival visions for the future of Renault-Nissan, a 16-year-old industrial pairing held together by crossed shareholdings. Renault owns a 43.4 percent controlling stake in Nissan, which holds a non-voting 15 percent of its French parent.

In a riposte to Macron, Nissan has proposed ending French control by acquiring a bigger Renault stake to establish "better balanced" reciprocal holdings of 25 percent to 35 percent, sources have told Reuters. Ghosn already has board support to reduce Renault's stake in Nissan, they have said.

Renault has called an emergency board meeting for Friday, government and company sources said on Tuesday, amid signs the carmakers may begin adjusting the shareholdings within days or weeks, in defiance of Paris.

In his first public comments on the issue, Hiroto Saikawa, Ghosn's second-in-command at Nissan, said this week the French government's increased clout at Renault was a concern for the Japanese carmaker.

Spokespersons for Renault-Nissan and the French government declined to comment on the companies' plans or the discussions between Ghosn and Macron.

2017 deadline

Past governments have resisted a full tie-up because Nissan's superior scale and profitability would likely shift the combined center of gravity away from France and dilute the voting weight of the state's shareholding in Renault.

Since Renault rescued Nissan from near-bankruptcy, the Japanese carmaker has outgrown its parent to account for two-thirds of combined vehicle sales and a bigger share of profit.

But a new French law that doubles voting rights for longer-term investors, including the state, has emboldened Macron, a former investment banker, to seek an outright Renault-Nissan deal in which French interests would remain on top.

"It's been a while now that Macron has been putting this to Carlos Ghosn," said a source close to the government, adding the minister was determined to force a deal through before 2017, a national election year.

In April, Macron raised the government's Renault holding to 19.7 percent from 15 percent in order to block Ghosn's proposed opt-out from the double voting rules at the company's shareholder meeting.

Around the same time, Macron began pressing Ghosn to discuss a merger that would "preserve strategic French interests" including industrial jobs at a combined company ideally based in France, the source said. "But the group was never set up."

Another French condition is that the government remains the main shareholder of the new group, officials have said.

But Renault-Nissan merger plans previously explored by Ghosn would look quite different, according to people with knowledge of those discussions.

An alliance task force considered a new combined company headquartered in a third country and listed in Paris and Tokyo, they said, and Goldman Sachs was later consulted on some aspects. A bank spokesman had no immediate comment.

Operational convergence

Ghosn decided a merger was too complex and time-consuming to be pursued immediately, and more operational convergence was needed first. Four alliance-wide executive roles were announced in early 2014.

In the wake of Macron's intervention, however, investment bankers have been dusting off their pitches for a Renault-Nissan deal most observers believe will come eventually.

Besides protecting Nissan, the planned stake changes may help Ghosn prepare for a merger on his companies' terms, alliance sources say. A deal based on today's holdings would hand greater power to Renault shareholders including France.

"This is not about giving Nissan more influence or board clout at Renault," said a senior alliance executive. "It's really in view of a tie-up, so that the combination will be better balanced."

A breve ci saranno notizie importanti sul fronte Renault-Nissan perché ormai i fronti sono molto esasperati, lo stato francese adesso vuole una fusione che permetta il mantenimento del controllo statale, un'operazione alquanto difficile.


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MessaggioInviato: mar dic 15, 2015 1:34 pm 
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TOKYO (Bloomberg) -- Carlos Ghosn, the current chief executive of Nissan Motor Co. and Renault, said the companies are unlikely to stick with one CEO after him, complicating the future of the carmakers’ alliance structure.

Ghosn, 61, will continue running Renault and Nissan as long as he has the trust of shareholders, he told reporters in Yokohama, Japan on Tuesday.

The 16-year alliance is being tested as the French government is set to double its voting power at Renault and has said it opposes a full merger between the two companies.

“It’s very likely that in the future, this present system of one CEO for two companies will not continue,” Ghosn said during a briefing at Nissan’s headquarters. “Finding another person who’s going to have legitimacy” with both companies will be “very difficult. That’s why I’m not recommending it.”

The comments illustrate the challenge the two companies may have in maintaining a partnership secured in part by the dual role played by Ghosn, who promoted the merits of an agreement Nissan and Renault reached on Friday. The carmakers’ eight-month dispute with the French government “is behind us,” he said, with the French state pledging to respect Nissan’s autonomy and agreeing to cap voting rights in some circumstances.

Still, the deal fell short of resolving imbalances in the partnership. France remains positioned to become a more powerful shareholder with a dominant say in the alliance’s affairs, and Nissan continues to be under-represented, lacking any Renault voting rights.

France “cemented its position in Renault without making a material sacrifice to Nissan shareholders,” Evercore ISI analysts led by Arndt Ellinghorst wrote in a report Monday. “Unfortunately, this year’s power battle revealed that the French government will block any closer, more balanced and shareholder-friendly structure between Renault and Nissan.”

Renault’s board, which includes two French government representatives, agreed unanimously on Friday that the state would maintain a right to double the voting power for its stake as of April 2016. Limits on its voting rights won’t apply to matters including changing Renault’s dividend or board appointments and dismissals involving state representatives, the company said.

Nissan failed to activate voting rights for its 15 percent holding in Renault. The two manufacturers are drawing up a contract enforcing non-interference in the Japanese company’s decisions.

Ghosn said while investors want a full merger between the two companies, Renault and Nissan aren’t ready to execute such a deal.

“We need to do much more convergence between the two companies before one day eventually imagining something like a merger,” he said. “We are not absolutely discarding that one day, that would make a lot of sense, but certainly not today. We have much more things to do.”


Pochi giorni fa Nissan, Renault e lo stato francese si sono accordati per una limitazione dei diritti di voto nel costruttore transalpino per solo alcune questioni, in realtà Macron e' riuscito a imporsi e le richieste di Nissan sono rimaste sulla carta.
Ghosn tra 2 anni andrà in pensione ma il suo erede non sarà ceo di entrambe le società, i dirigenti di Nissan scalpitano per avere maggior peso nell'alleanza dato che il l'85% degli utili netti proviene dalle loro attività.
Una fusione e' impossibile perche' ridurrebbe di molto le quote azionarie dello stato francese che ha potere di veto sulle decisioni strategiche di Renault.
Una situazione piuttosto incasinata. :|


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MessaggioInviato: mar dic 15, 2015 1:51 pm 
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daimlerchrysler ha scritto:
Una situazione piuttosto incasinata. :|

Per i giapani, meno per i francesi, direi.

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"Il capezzolo è la ciliegina sulla tetta.


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MessaggioInviato: mar dic 15, 2015 2:49 pm 
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Si' ma dentro la stessa Renault ci sono voci contro lo stato francese, non possono pensare di gestire un gruppo globale avendo in testa solo gli interessi francesi.
La nuova Micra verrà prodotta in Francia ma è noto che produrla a Sunderland sarebbe stato più conveniente.
È un po' come se Chrysler si ribellasse agli Agnelli, come se la Renegade non dovesse essere prodotta in Italia ma solo negli States.


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MessaggioInviato: lun ott 03, 2016 10:20 am 
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Renault-Nissan CEO Carlos Ghosn has promised that the alliance partners will break into the top three in global vehicle sales by as early as 2018, leaving either Toyota, General Motors or Volkswagen Group in the fourth place position currently occupied by the French-Japanese automaker.

A lot has changed since Ghosn made that commitment in 2014. The UK, which is a production hub and key sales market for Nissan, has decided to exit the European Union. Sales in China, where Renault has only recently established a foothold, are slowing. Big expansion plans in Russia and Brazil, Renault’s second-largest market after Europe, have so far failed to pan out as deep recessions have caused car demand to collapse in both markets.

New opportunities are also emerging though. Because of models such as the new Kwid SUV, Renault is the top-selling European automaker in India, where roughly a dozen brands compete fiercely over the remaining third of the market not controlled by Maruti Suzuki and Hyundai. Renault is also in advanced talks to "considerably intensify" its operations in Iran now that sanctions have been lifted. The Middle East's largest car market is forecast to grow 10 percent a year to reach 2 million vehicles by 2020.

Ghosn was also the first executive in the industry to bet correctly on the long-term trend toward zero-emission cars. The Nissan Leaf is the world’s top-selling electric vehicle, while the Renault Zoe ranks as Europe's No. 1 battery-powered car. The alliance partners have sold more than 350,000 EVs from its global lineup, which has grown to six models since the Leaf debuted in December 2010. This milestone puts Renault-Nissan ahead of the curve at a time when most of its competitors don't even have a single dedicated, purpose-built EV on the market.

Yet it looks as if the only thing that can help the alliance break into a coveted top three spot in global car sales is its planned acquisition of a 34 percent stake in Mitsubishi, which has been hurt since admitting in April that the company cheated on fuel economy tests. That stake would give Renault-Nissan de facto control over its scandal-hit rival and put the combined global sales volume of the larger alliance in the same range as Toyota and VW Group. "We have the potential to be in the top three," Ghosn said in May during a press conference to announce his plans to spend $2.2 billion to bail out Mitsubishi.

Given that Renault-Nissan, which includes those namesake brands plus Alpine, Dacia, Datsun, Infiniti, AvtoVAZ's Lada and Samsung, sold a combined 8.5 million vehicles last year, it needs a game-changing move like the Mitsubishi deal or another significant merger or acquisition to have a legitimate chance of joining the 10-million-unit-a-year club. A deal of that proportion, however, can present some big issues. While a pro-forma addition of volumes is common in such transactions, IHS Automotive principal analyst Ian Fletcher's estimates still treat Renault-Nissan and Mitsubishi as stand-alone companies, at least until the point when the deal goes through. When asked about the potential risks and rewards from Renault-Nissan's planned deal with Mitsubishi, Fletcher said: "It could be positive but equally it could be negative. Decisions that may be taken by Renault-Nissan and Mitsubishi include pushing back replacement vehicles to gain greater synergies, deciding not to move forward with some models or adding vehicles, which Mitsubishi may not have been able to afford to develop alone."

Spread too thin?

The question is whether the alliance, and Ghosn as its dual CEO, might be stretching itself too thin. While Nissan is on course to purchase a third of money-losing Mitsubishi, the alliance, which spent over 2 billion euros to take control of AvtoVAZ, needs to participate in an 85 billion ruble (1.16 billion euro) recapitalization of the struggling Russian automaker. Although the alliance says synergies between Renault and Nissan totaled 4.3 billion euros last year -- a figure that is not independently verifiable -- analysts feel progress among legacy brands has been slow. Dominic O'Brien of Exane BNP Paribas sees the shares fully valued at their current level of about 70 euros and acknowledged that financial markets are growing increasingly impatient with a man once considered to be the world's most talented car executive. "The progress of the alliance certainly frustrates the investors we speak to in the market at least," O'Brien said.

Market watchers says that the alliance's competitiveness would be strengthened if more parts were shared between Renault and Nissan, yet here too progress is slow. Ghosn has run Renault for more than a decade and Nissan for more than 16 years, but the partners only began to forge plans to consolidate architectures three years ago. As a result, it will take until 2020 before 70 percent of the combined volume is built off common platforms.

"It took many years for Nissan to use Renault's know-how in the B segment -- the next-generation Micra is finally going to use the Clio 'expertise'," said Felipe Munoz, global automotive analyst at market research firm JATO Dynamics. Conversely, Renault chose not to use established Nissan platforms. "Renault has focused on Samsung to develop its midsize sedans, while Nissan has proven to be successful with its Sentra and Altima sedans," Munoz added.

Different philosophies

It seems that much more mystifying then that Ghosn is looking to add a ninth brand with Mitsubishi. Scale may be crucial to limiting costs, but integrating another carmaker into the alliance can lead to greater complexity, which can erode savings from joint purchasing and development. An exchange at the annual news conference on the state of the Renault-Nissan and Daimler partnership in September 2015 showed the difference in the respective philosophies of the two carmakers. While Ghosn remained true to his decade-old pragmatism, saying he would "always say yes" when it comes to integrating further manufacturers into his fold given the right conditions, his more cautious German counterpart struck a different, much more balanced note.

For Daimler CEO Dieter Zetsche, potential benefits stemming from greater purchasing, development and manufacturing savings had to be weighed against challenges from adding an additional layer of complexity.

"When you are already at significant volumes, the incremental economic gain in adding more volume is smaller, but the complexity when you add more partners gets bigger," Zetsche told reporters. "So there is a breaking point. It might be that you can add another two, three or four more [partners] before you get to that point, it might be that you are already there."

While larger rivals Toyota and Volkswagen have more cleanly separated their portfolios of brands, Renault-Nissan already has a fair amount of overlap, effectively meaning that certain markets have to remain off limits in order not to invade each other's space -- typically not a problem when they are not targeting the same customers. The alliance already has three budget brands -- Dacia, Datsun and Lada -- and if Mitsubishi is added the alliance will have a trio of mass market marques.

And while analysts believe Dacia is highly profitable, maintaining its cost leadership over the midterm to long term is a difficult proposition. The real money to be made in the industry is selling emotional cars with an aspirational or premium image. Yet Renault is only now getting ready to launch its Alpine performance brand, years after PSA Group has designated former Citroen subbrand DS to become a stand-alone unit. Infiniti, Nissan's upscale marque, which pushed back its half a million unit sales target by three years to 2020, is an afterthought in many parts of the world.

Granted, the kind of moonshot targets Ghosn lays out are nothing unusual. All CEOs need to have a grand vision for the future of their companies, in part to boost morale and foster a joint sense of purpose among employees. When he pushed back Renault's 5 percent margin target by one year to 2017, no one expected the group would deliver two years early. But not all of the big gambles have paid off so far.



Russian nightmare

Russia, structurally a promising market given the size of the population and the low vehicle density, has turned into a nightmare for Ghosn's alliance in particular. Last year Renault's losses from its AvtoVAZ stake more than tripled to 620 million euros. Now is has to inject fresh funding into Russia's biggest automaker, consolidating all assets and liabilities on its own balance sheet by the end of this year.

While Renault may be able to withstand this financial burden, it could cause severe strain. With just 2.7 billion euros as of the end of December, Renault has the lowest net cash position of any European automaker except indebted Fiat Chrysler Automobiles. All three rating agencies have Renault one notch above junk.

Nissan, meanwhile, is in a tricky legal position as it plans to buy a controlling stake in Mitsubishi, which has been raided multiple times by Japanese authorities over its decades-long cheating on fuel economy tests. More models affected came to light at the end of August and one official said the company may be targeted again due to a "culture that’s prone to malpractice."

Amid this risky environment, Ghosn has had to back away from his 8 percent operating profit margin at Nissan originally planned for next March. Nevertheless, Renault and Nissan have succeeded where many other carmakers have failed. The alliance is considered a role model when it comes to integrating two major manufacturers with two entirely different cultures from two different continents. Much of the credit for this success goes to Ghosn, a Brazilian-born Frenchman of Lebanese ancestry, and his pragmatic approach that allows him to bridge differences and find common ground.

But strains show due to one obvious paradox: Renault is the controlling shareholder in Nissan with a 43 percent stake and yet remains the smaller, weaker partner often dependent on its Japanese ally for the bulk of its profits. For 2015, two-thirds of Renault's net profit could be attributed to Nissan's contribution of 2 billion euros, and this declined from nearly 80 percent in the previous one. Its share of the alliance synergies is also lower at roughly 40 percent. That worries its largest shareholder, the French government, which currently holds nearly a fifth of the company, and is considered a major thorn in the side of Ghosn.

Nissan is just the opposite. Its volumes and margins are substantially higher, but it owns a far smaller stake compared with Renault, and by agreement is not permitted to even exercise the 15 percent of the votes it does hold. Ghosn's plans to give Nissan a say more commensurate with its value to Renault threatened to destabilize this delicate balance of power and prompted Paris to increase its stake in an effort to thwart him. Ever since, his relations with the French government have deteriorated, peaking in an embarrassing discussion about his bonus.


Renault recently joined Europe’s fast-growing compact crossover segment with the Captur.

Succession questions

Because of Ghosn's leadership the alliance has been held together through the Lehman Bros. collapse and the eurozone debt crisis that culminated in a 20-year low for European car sales in 2013. Nevertheless, he has failed to groom two or even just one potential successor let alone cede control over either brand, even though he has two years left on his contract.

"He’s seen as an obstacle to material change in the alliance -- at least by financial markets," O’Brien said.

When asked about life after Ghosn by Automotive News Europe, the alliance replied in a statement that it has put in place "robust succession plans that are regularly reviewed by the companies' boards." Adding Mitsubishi and AvtoVAZ, where he also serves as chairman, could cause the alliance to once again postpone a discussion about a post-Ghosn era to maintain stability during a challenging integration.

"To some extent, Ghosn spent a lot of time making himself indispensable," said one equity analyst, "rather than putting in place a structure that could deliver the best results."


Autonews fa il punto della situazione dell' alleanza Renault-Nissan e sulle future prospettive.
Ghosn ha diretto Nissan dal 1999 e Renault dal 2005 ( n.b. tutt'ora è ceo di entrambe le società) ed ha un'invidiabile curriculum di successi.
Ha salvato Nissan dalla bancarotta, l'ha rilanciata negli USA ed è riuscito a sfondare in Cina, alla Renault ha trasformato la Dacia in un gioiello di redditività, ha conquistato India e Brasile e dopo gli errori del 2007-2009 ha assunto Van der Acker come capo del design permettendo la rinascita della Losanga in Europa.
Ghosn è sempre stato ambizioso e punta a superare la barriera dei 10 milioni di auto all'anno quindi di spodestare dal terzo posto una tra Toyota, Vw e GM.
I fronti caldi per il manager franco-libanese-brasiliano non sono pochi.

1) il rapporto con lo stato francese è molto deteriorato, il governo vuole impedire una fusione completa tra Nissan e Renault perché perderebbe il controllo.

2) Ghosn sta per sborsare 2 miliardi di dollari per acquisire il 33% di Mitsubishi, un investimento molto rischioso dato che la casa dei tre diamanti è nota per i comportamenti truffaldini, la redditività scarsissima, la ridotta presenza sui mercati globali e gli enormi buchi nella gamma. Mitsubishi non ha in programma a breve berline di segmento C e D e persino la gamma dei suv soffre.

3) il disastro di Autovaz, un' acquisizione piena di promesse che si è rivelata un buco nero per Ghosn, non si intravedono a breve termine miglioramenti e il governo Putin continua ad intromettersi rendendo molto complicata una ristrutturazione radicale.


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MessaggioInviato: dom mar 05, 2017 9:05 am 
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Carlos Ghosn handed over the day-to-day running of Nissan Motor Co. to Hiroto Saikawa, who will take the mantle of president and chief executive officer while his long-time boss focuses on revamping struggling affiliate Mitsubishi Motors Corp.

Ghosn, 62, will remain chairman of Nissan, a title he also holds at alliance partners Renault SA and Mitsubishi Motors. He’ll stay as CEO of Renault as the transformation of the French carmaker isn’t finished, he said in an interview, with the current midterm plan ending in 2018. Saikawa will assume charge at the Japanese company April 1.


Carlos Ghosn speakes to Bloomberg reporters in Yokohama Thursday.Photographer: Akio Kon/Bloomberg
“There’s a point in time where you have to be realistic about how much things you do and you can do well. This is the trigger,” Ghosn said at Nissan’s headquarters in Yokohama, Japan on Thursday. “There’s a moment when you have to pass the baton to someone else. I’ve always said I would love to have a Japanese to be my successor and Saikawa-san is somebody I have been grooming for many years.”

The elevation of Saikawa, 63, a lifelong Nissan employee who joined the automaker from Tokyo University in 1977, takes place as Ghosn steps away from the day-to-day operations to devote more time to managing an alliance that sold just shy of 10 million vehicles last year, ranking it behind General Motors Co. among the world’s biggest carmakers. Nissan bought a 34 percent stake in Mitsubishi Motors in the wake of a fuel-rating cheating scandal.

Japanese Leadership

“It’s really been one man holding the alliance together, so what happens when that one man is no longer there?” said Maryann Keller, an independent auto analyst in Stamford, Connecticut. “For the alliance to continue post-Carlos Ghosn, there’s got to be strong Japanese leadership inside Nissan that believes there’s an advantage in making it happen.”

The automotive world is also more tumultuous than it was when Ghosn arrived at Nissan more than two decades ago, Keller said. Ghosn’s former top lieutenant at the alliance, Carlos Tavares, is now spearheading efforts by Peugeot SA to buy the Opel unit of General Motors, she said, citing one example. Serious competitive threats are sprouting daily as self-driving, connected cars and electrified powertrains proliferate.

“It’s appropriate for Ghosn to step away from running the business day-to-day, and to devote all his time to thinking about the cosmic issues confronting the business,” Keller said. “It’s a different game today,” she said. “You can’t play it the same you played it in 1995.”

Nissan Turnaround

Ghosn, credited with turning around Nissan after taking over as chief operating officer in 1999, will look to do the same at Mitsubishi Motors. The executive had restored Nissan to profitability by breaking up its so-called keiretsu network of suppliers, shutting plants and leveraging the alliance with Renault, earning himself the nickname “Le Cost Killer.”


Among the first results of cooperation between the three companies, Renault, Nissan and Mitsubishi Motors will share a common platform for a budget electric vehicle in China, which will allow the three companies to “capture the EV boom” there, Ghosn said.

Nissan’s shares slid 0.6 percent, while Mitsubishi Motors gained 0.8 percent in Tokyo trading as of 1:31 p.m. The benchmark Topix Index fell 0.2 percent.

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For Saikawa, the promotion to CEO marks the apex of a 40-year career with Nissan that has seen him hold various senior management positions, including being chief of Nissan’s businesses in the Americas and Europe, as well as executive vice president of purchasing. Between April 2013 and October 2016, he was Nissan’s chief competitive officer overseeing global purchasing, manufacturing, supply chain management, research and customer satisfaction.

Saikawa’s Background

“Carlos Ghosn changed Nissan, especially reorganizing procurement -- it is a very important thing,” which makes Saikawa a good choice to lead Nissan, Takeshi Miyao, an analyst with Tokyo-based market researcher Carnorama, said by phone. “Saikawa-san’s background is in procurement. He has a very special intelligence and skill in a matter that’s very important for a carmaker.”


Hiroto Saikawa.Photographer: Tomohiro Ohsumi/Bloomberg
He also served on the board of Renault, Nissan’s biggest shareholder, between 2006 and 2016. During Saikawa’s tenure, the alliance came under pressure from the French state, which had increased its stake in Renault without informing Ghosn.

Saikawa led Nissan’s negotiations with Renault and the French government in 2015 to address an imbalance in the alliance’s ownership structure, in which the more profitable Japanese partner had no voting rights for its stake in the French carmaker. A crisis was averted after the French government pledged not to interfere in Nissan’s governance.

“I don’t think a merger is on the table,” said Ghosn, who will continue to lead the alliance. “It has been said very clearly, many times, particularly by Nissan during the discussion with the French state that there will be no merger as long as the French state remains a shareholder of Renault.”

Adesso tutti i riflettori sono puntati su PSA-Opel ma vorrei far notare che Ghosn è in piena attività.
Il manager libano-franco-brasiliano ha abbandonato la carica di Ceo di Nissan che deteneva dal 1999 per diventare presidente ( non ceo) di Mitsubishi.
L'ambizione non è una dote che fa difetto a Ghosn, nel 1999 Renault era un medio costruttore europeo, adesso includendo Mitsubishi e Lada può sfidare apertamente Toyota e Vw ( GM dopo l'abbandono di Opel scenderà di 1,5 milioni di unità).
Ghosn ha ammesso che senza l'ingombrante presenza dello stato francese si potrebbe creare una società unica generando molte più sinergie, chissà cosa ne pensa il futuro inquilino dell'Eliseo, tra l'altro il favorito Macron ebbe diversi duri scontri con il suddetto manager.
Bisogna vedere se riuscirà a risanare Mitsubishi, Imho una missione quasi impossibile.


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MessaggioInviato: ven set 15, 2017 12:03 pm 
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Nissan, Renault, Mitsubishi Deepen Alliance in Electric Push
By John Lippert , Jie Ma , and Ania Nussbaum
15 settembre 2017, 08:15 CEST 15 settembre 2017, 11:18 CEST
Group to add 12 pure EVs by 2022 sharing components, platforms
Ghosn sees revenue rising a third to $240 billion by same year
Nissan Motor Co. and Renault SA, the carmaking partners that have sold the most electric vehicles to date, aren’t planning to give up that No. 1 ranking without a fight.

The alliance, which also includes Mitsubishi Motors Corp., plans to introduce 12 new purely electric vehicles by 2022 while extending the models’ range and slashing battery costs. And while the group wants more drivers to go electric, some customers won’t actually be driving -- the manufacturers plan a line-up of 40 models by then featuring various levels of automation, including at least one auto that won’t require any human intervention at all.


Carlos Ghosn on Sept. 15.Photographer: Eric Piermont/AFP via Getty Images
The six-year plan, called Alliance 2022 and announced Friday by group Chairman Carlos Ghosn in Paris, aims to establish the companies as leaders in the electrification, autonomous and connected-car technologies that are upending the world’s auto markets. Although the shift from internal combustion engines will be costly, Ghosn is betting that sheer size and the sharing of platforms and components will give the partners a leg up in the battle to dominate the future of transport.

“We are going to use the scale we have to build more competitive advantages for the future,” Ghosn said in an interview. “The big guys are going to have a big advantage in this situation.”

Renault shares rose 0.8 percent to 79.72 euros as of 11:16 a.m. in Paris. The stock is trading at the highest price since July 27.

Size Matters

While the alliance is the current world leader in cumulative electric-car sales, paced by the Leaf from Yokohama, Japan-based Nissan, the group needs to fend off increasing competition from long-time rival Volkswagen AG as well as newcomers like Tesla Inc., which this year introduced its mass-market Model 3 to great fanfare. With car-hungry China the latest country to announce intentions to phase out fossil-fuel powered vehicles, following the lead of the U.K. and France, there’s plenty at stake for automakers jostling to lead the zero-emissions segment.

For Electric Cars, Bright Future, Paltry Present: QuickTake Q&A

The Renault-Nissan-Mitsubishi alliance delivered a combined 5.27 million vehicles in the first half of this year, outselling mass-market leaders Toyota Motor Corp. and Volkswagen. The group is predicting it will end the year as the industry’s top seller for the first time, with expected sales of 10.5 million units in 2017. That number will grow to at least 14 million in 2022, Ghosn said.

“When you have the advantage of scale, you don’t have to take shortcuts,” Ghosn said. “You can afford to develop all the technologies that are necessary for the car of the future.” While the group is open to new partners as “the logic of the alliance is to have other members join in,” it’s not seeking to expand with additional carmakers and would only bring another on board if an opportunity arises, he said at a Paris press briefing.


By 2022, some of the group’s electric cars will be able to travel more than 600 kilometers (372 miles) on a single battery charge, according to European testing methods, or more than 50 percent farther than the range of the 2018 Leaf compact that Nissan unveiled this month.

By the end of the years-long plan, 15 minutes of charging time will allow the EVs to travel 230 kilometers, compared to 90 kilometers last year. The partners plan to reduce electric-car battery costs by 30 percent from 2016 levels and further savings by extending the use of shared platforms and powertrains.

More than 9 million vehicles will be made on four shared global platforms in 2022, compared with the 2 million cars produced on two shared platforms today. Some 70 percent of the group’s engines and transmissions will shared globally by then, up from about a third currently. This will help boost the alliance’s annual cost-saving target to more than 10 billion euros ($11.9 billion) in 2022 from 5 billion euros last year, Ghosn said.

The alliance is also testing autonomous vehicles and plans to become an operator of robo-vehicle ride-hailing services -- a potential business other major automakers are mulling for growth. In the medium term, mobility services are unlikely to represent a big portion of revenue versus the partners’ traditional businesses of making vehicles and components, Ghosn said.

Revenue Forecast


Operating with a new joint logo, the companies project global revenue of $240 billion in 2022, up from $180 billion last year. In October, Nissan, Renault and Mitsubishi will each present their own plans based on what they hope to achieve for each vehicle in each region. Renault, which was Europe’s second-biggest carmaker last year, has its headquarters in the Paris suburb of Boulogne-Billancourt, while Mitsubishi is based in Tokyo.

“We think growth for the industry will be mainly coming from China, India and Southeast Asia, and we’re ready for that,” Ghosn said.

If Davos Were a Person, It Would Be Carlos Ghosn

As an illustration of the enormity of the task ahead, VW announced sweeping plans during this week’s Frankfurt motor show to build electric versions of all 300 models in the 12-brand group’s lineup. The German auto giant is vowing to spend 20 billion euros by 2030 to roll out the cars and earmarked another 50 billion euros to buy the batteries needed to power the vehicles.

Ghosn, 63, declined to stay whether he will stay as chairman of the alliance for the plan’s entire six-year period. He stepped down as Nissan’s chief executive officer this year but continues to hold that title at Renault.

“Six years is a very long period,” he said in the interview. “We’re going to take it step by step.”

Si vede che lo schianto subito da Vw non ha dissuaso il Napoleone del settore automotive Carlos Ghosn. Con in pancia anche Mitsubishi e Lada l'alleanza Renault-Nissan punta a vendere 14 milioni di auto nel 2022. Entro quella data 9 milioni di auto utilizzeranno 4 piattaforme comuni, di cui una esclusiva per i veicoli elettrici. Nella prima metà del 2017 il gruppo guidato da Ghosn ha superato Vw, Toyota e Gm ( senza Opel), quindi si punta a mantenere il predominio.


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MessaggioInviato: dom ott 08, 2017 8:29 am 
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PARIS-- Renault raised midterm sales and earnings targets as part of the automaker's plan to protect its leadership in battery-powered autos and keep pace with rivals in driverless models.

Renault will boost annual revenue through 2022 to more than a previous target of 70 billion euros ($82 billion) and the operating margin will exceed an earlier prediction of 7 percent of sales as efficiency measures generate savings of 4.2 billion euros.

With investments of 18 billion euros, the company will bring out eight full-electric and 12 hybrid models in the period, and develop 15 vehicles with autonomous features.

"We intend to remain the leading provider of mass-market electric vehicles," CEO Carlos Ghosn said in a statement on Friday in Paris at a presentation of Renault's updated business strategy, dubbed Drive the Future.

Battery-powered vehicles are "turning into a significant contributor to our performance," and "our vision is obviously now a profitable core business" in the segment.

Partnership strategy

Renault is building on a strategy outlined three weeks ago with Nissan Motor and fellow Japanese partner Mitsubishi Motors.

Renault and longtime partner Nissan are under pressure to defend an early advantage in electric cars as Tesla rolls out the lower priced Model 3 and Volkswagen Group plans a 20 billion-euro push into making EVs for the masses.

While the Renault-Nissan alliance sold the most battery-powered vehicles in the industry to date, the advantage has amounted to little amid tepid consumer demand.

Renault laid out the company's 2022 financial goals in February. The initial revenue target amounted to an increase of more than 37 percent from last year, when the operating margin was 6.4 percent of sales. Last week, Citigroup analyst Mike Tyndall called those objectives "cautious."

The savings goal compares with 3.2 billion euros in spending reductions in Renault's previous business plan, Ghosn said Friday. The carmaker pledged to maintain the margin at or above 5 percent during the planning period. Even so, it faces roadblocks, including price pressure in some markets as customers resist the cost of new technology, particularly to meet tightening emissions standards.

Renault's shares rose 0.3 percent to 85.86 euros as of 9:10 CET in Paris. The stock has gained 1.6 percent this year, valuing the company at 25.4 billion euros.

The French carmaker is the first of the three alliance partners to publish its 2022 business plan. Nissan will unveil its program on Oct. 16, and Mitsubishi will release its strategy two days later.

Renault owns a 44 percent stake in Nissan, while Nissan owns 15 percent of Renault. Mitsubishi joined the alliance last year, when Nissan bought a 34 percent holding. Ghosn is also chairman of the two Japanese manufacturers.

Emissions scrutiny

The industry shift to battery-powered cars is being pushed by increased regulatory scrutiny following Volkswagen's diesel-emissions scandal and government efforts to reduce air pollution by phasing out combustion engines. While Nissan and Renault together lead the battery-powered segment with their respective Leaf and Zoe models, car buyers have resisted electric vehicles because of limited ranges and higher prices.

Renault is targeting sales of 5 million vehicles a year by 2022, a 40 percent gain from last year, by doubling sales outside Europe. The push abroad focuses on markets including China, Russia, Brazil, India and Iran.

"This new plan will unleash our full potential to innovate and grow in a rapidly changing industry," Ghosn said.



Ghosn ha presentato il nuovo piano di sviluppo Renault per i prossimi 6 anni e non mancano le ambizioni. Ghosn è diventato ceo di Renault nel 2005 e i primi 5 anni sono stati tutt altro che un successo. La casa francese dal 2005 al 2011 praticamente era in nero grazie ai dividendi di Nissan. Dal 2010 la situazione è radicalmente migliorata, il margine operativo è passato dall’ 1,8% al 6,6%, sono sbarcati in Cina, sono riusciti ad ottenere quote importanti in India e Brasile. La scelta di puntare sulla elettriche sembrò molto azzardata nel 2012 ma adesso tutti rincorrono RN.
Ghosn punta ad aumentare le vendite Rino a 5 milioni e ad aumentare le sinergie con i partner Nissan e Mitsubishi. Tra gli spunti interessanti ci sarà una nuova B-suv a partire dal 2019 mentre nel 2020 arriverà una C-suv Dacia più grande della Duster.


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MessaggioInviato: ven feb 16, 2018 9:04 am 
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Renault's board proposed the renewal of Carlos Ghosn's CEO position for another four years and appointed Thierry Bollore as chief operating officer.

The appointments put to rest weeks of speculation about Renault’s future leadership and ensure Ghosn will continue to shape the company through a jarring technology transition.

The board said on Thursday it has "renewed its confidence" in Ghosn as Renault CEO and chairman and also as chairman and CEO of the Renault-Nissan Alliance.

The board's recommendation will be submitted to Renault's annual shareholders’ meeting on June 15, 2018.

The board named three priorities:

• oversee the strategic objectives of the Renault's "Drive the Future" plan ending in 2022

• take decisive steps to make the alliance irreversible

• strengthen the succession plan for Renault.

The promotion puts Bollore, 54, in line to succeed Ghosn, 63, at the top job.

Ghosn saved Nissan from near-collapse almost two decades ago and spearheaded the globalization drive that now unites carmakers from across continents. He remains chiarman there and at Mitsubishi, which is controlled by Nissan. He has been Renault CEO since 2005 and chairman since 2009.

The uncertainty about Ghosn’s role has served to highlight tension within Renault’s management and questions about its longer-term leadership.

Earlier this week, France, which owns a 15 percent stake in Renault, signaled that the board would support a renewed mandate for Ghosn’s mandate, if he was given a No. 2. France backed the nomination of Bollore, a French citizen who started his career with tiremaker Michelin, like Ghosn.

The government wants Ghosn to prepare a road map by June on how to better integrate an alliance with longtime partner Nissan as well as coming up with a progressive succession plan, an economy ministry official said at the time, asking not to be identified in line with policy.

Bollore is "suitably qualified for the job," Evercore ISI analyst Arndt Ellinghorst, wrote in a note this week, adding that he may be perceived as a “more caring custodian of French jobs and interests.”

The new structure could give the French government political cover to reduce its stake, ultimately making a full merger of Renault and Nissan “a very real possibility,” Ellinghorst said.

Ghosn said a year ago there would be no merger between Renault and Nissan as long as the French government is a shareholder. France raised its stake in 2015, under President Emmanuel Macron, who was economy minister at the time. The state has no plan to sell Renault shares, the government official said.

Ghosn ha ricevuto un'estensione per quattro anni alla guida di Renault mentre è stato nominato come suo vice Thierry Bollore' il quale in pratica diventa l'unico candidato alla successione del manager Franco libanese. Sembrerebbe una situazione normale ma come al solito l'ingerenza dello stato francese ha causato molti sconquassi. Diversi manager hanno lasciato la compagnia perché contrari alla nomina di Bollore'. Inoltre il ministero dell' economia di Parigi ha chiaramente detto che vuole una fusione tra Renault e Nissan solo se rimarrà la Golden share, i giapponesi si sono già detto fortemente contrari. È facile prevedere altri scontri dato che una soluzione accettabile per tutti non è a portata di mano.


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MessaggioInviato: ven mar 30, 2018 9:04 am 
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CET
Renault and Nissan Motor are in talks to merge and create a new automaker that trades as a single stock, people with knowledge of the matter told Bloomberg.

A deal would end the current alliance between the companies and marry them as one corporation, said the people, who asked not to be identified as the details aren't public.

Renault currently owns 43 percent of Nissan while the Japanese automaker has a 15 percent stake in its French counterpart. Carlos Ghosn, the chairman of both companies, is driving the negotiations and would run the combined entity, the people said.

The parties are discussing a transaction in which Nissan would essentially give Renault shareholders stock in the new company, the people said. Nissan shareholders would also receive shares in the new company in exchange for their holdings, they said. The automaker may maintain headquarters in both Japan and France.

Getting a deal done could prove very difficult, the people said. The French government owns 15 percent of Renault and may be reluctant to relinquish control over its stake or have its position watered down. Both the French and Japanese governments would also have to approve a deal and may have strong opinions on where the combined company is domiciled, the people said.

One possibility would be to base the company in London or the Netherlands, where cross-Atlantic automaker Fiat Chrysler Automobiles has its corporate charter. FCA maintains headquarters in both Italy and the U.S.

No final decisions

No final decisions have been made and the talks, which have been ongoing for several months, may not result in a deal, the sources said.

A spokesman for the Renault-Nissan alliance said the group doesn't comment on rumors and speculation, while a spokesman for the French finance ministry declined to comment. Representatives for Nissan and Renault also declined to comment.

Reuters reported earlier this month that Nissan was in talks to buy the bulk of the French government's stake in Renault, citing unidentified people. The Renault-Nissan alliance said at the time any discussion about a share transaction involving the parties was "pure speculation."

Ghosn has pledged to cement Renault's partnership with Nissan, saying in February that the companies would devise a plan to "make the alliance irreversible." The 64-year-old relinquished the CEO role at Nissan last year to focus on the partnership.

The companies are seeking to double synergies to 10 billion euros ($12.2 billion) by 2022 from 2016.

In April, Mitsubishi Motors -- in which Nissan is the largest shareholder -- will further integrate with the alliance by joining a shared parts-purchasing organization.

The alliance forecasts unit sales of 14 million units by 2022, compared with 10.6 million last year. Volkswagen Group, the world's largest automaker, sold 10.7 million vehicles last year.

Imbalanced ownership

While the companies have claimed a multitude of benefits from their partnership, its staying power could be complicated until imbalances in the companies' ownership structures are resolved.

Ghosn reiterated last month that Japan wouldn't agree to a tighter structure if France remains a shareholder. He also said he isn't trying to convince the French state to reduce its stake in Renault.

"They decide to be here or to get out," he said. "Frankly, I don't even open this subject. I just consider that I have the shareholders that I have and I try to satisfy them in the best way possible and as much as possible make sure that they understand our strategy and appreciate our results."

Ghosn sta cercando di portare avanti la fusione di Renault e Nissan ( Mitsubishi sarà assorbita successivamente), sono noti i problemi e gli impedimenti ( lo stai francese) ma sarebbe facile ottenere sinergie nettamente maggiori. Penso che entro fine dell’anno verrà delineato il quadro definitivo.


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MessaggioInviato: mar apr 03, 2018 9:34 am 
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daimlerchrysler ha scritto:

Ghosn sta cercando di portare avanti la fusione di Renault e Nissan ( Mitsubishi sarà assorbita successivamente), sono noti i problemi e gli impedimenti ( lo stai francese) ma sarebbe facile ottenere sinergie nettamente maggiori. Penso che entro fine dell’anno verrà delineato il quadro definitivo.

Mamma mia...
Tremo.

Nissan è uno dei nostri più grandi clienti, mentre Renò è il champion del nostro maggiore concorrente.
se vince Renò siamo fottuti.
:|

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Guidavo una anonima e puzzolente 320d Touring MSport...
Guidavo una splendida Range Rover Evoque... Si, si girano tutti al semaforo...
Guidavo una fantastica A5 Sportback S-Line, 2.0 TDI 170cv...


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MessaggioInviato: mer set 12, 2018 11:51 am 
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Nissan ha terminato la produzione della Pulsar. Tenendo conto dei terribili dati di vendita non è una sorpresa.


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MessaggioInviato: mer set 12, 2018 12:09 pm 
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daimlerchrysler ha scritto:
Nissan ha terminato la produzione della Pulsar. Tenendo conto dei terribili dati di vendita non è una sorpresa.

Ma che sorpresa:-) poi ci hanno messo una Micra che Micra non è e hanno concluso la frittata.
Se non sbaglio con pulsar volevano salvare stabilimento spagnolo di Nissan.

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MessaggioInviato: mer set 12, 2018 12:50 pm 
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Giusto, il governo spagnolo aveva dato anche sonanti incentivi per salvare l’impianto. Nissan sta faticando non poco in Europa, devono sbrigarsi con la Juke (che è in arrivo).


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MessaggioInviato: mer set 12, 2018 1:09 pm 
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daimlerchrysler ha scritto:
Giusto, il governo spagnolo aveva dato anche sonanti incentivi per salvare l’impianto. Nissan sta faticando non poco in Europa, devono sbrigarsi con la Juke (che è in arrivo).

Ma secondo ma inevitabilmente caleranno, hanno fatto un boom incredibile con qq, in parte Juke, ormai i crossover li hanno tutti... secondo me dovranno gestire la casa più che per aumentare o mantenere quote per non crollare.
Fuori dai crossover hanno tentato con pulsar e Nissan per cause diverse 2 flop... mooolto prevedibili.

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MessaggioInviato: mer set 12, 2018 1:17 pm 
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Vedo tantissimi Xtrail confronto alla prima/seconda serie...

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- Suzuki GSR 600 K6 - 04/2006


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MessaggioInviato: mer set 12, 2018 1:32 pm 
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A me Pulsar non dispiace e potrebbe essere un ottimo acquisto in funzione di prezzo e qualità.

_________________
-- LE IENE PORTANO BENE --
- Renault New Laguna Sportour 4Control 2.0 dCi 150cv - 06/2010 -
- Suzuki GSR 600 K6 - 04/2006


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MessaggioInviato: mer set 12, 2018 1:38 pm 
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Stefano_M ha scritto:
daimlerchrysler ha scritto:
Giusto, il governo spagnolo aveva dato anche sonanti incentivi per salvare l’impianto. Nissan sta faticando non poco in Europa, devono sbrigarsi con la Juke (che è in arrivo).

Ma secondo ma inevitabilmente caleranno, hanno fatto un boom incredibile con qq, in parte Juke, ormai i crossover li hanno tutti... secondo me dovranno gestire la casa più che per aumentare o mantenere quote per non crollare.
Fuori dai crossover hanno tentato con pulsar e Nissan per cause diverse 2 flop... mooolto prevedibili.

Se non ricordo male l'80% circa delle immatricolazioni EU di Nissan son dei suv crossover.

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"Il capezzolo è la ciliegina sulla tetta.


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MessaggioInviato: gio set 13, 2018 2:31 pm 
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paolocabri ha scritto:
A me Pulsar non dispiace e potrebbe essere un ottimo acquisto in funzione di prezzo e qualità.


Tu hai un tempismo incredibile: notizia odierna, cessata la produzione pulsar in Europa


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MessaggioInviato: gio set 13, 2018 2:35 pm 
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daimlerchrysler ha scritto:
Nissan ha terminato la produzione della Pulsar. Tenendo conto dei terribili dati di vendita non è una sorpresa.

Cometa, parlavo di Pulsar perchè gia Daimler aveva scritto della cessazione della produzione

_________________
-- LE IENE PORTANO BENE --
- Renault New Laguna Sportour 4Control 2.0 dCi 150cv - 06/2010 -
- Suzuki GSR 600 K6 - 04/2006


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MessaggioInviato: gio set 13, 2018 2:36 pm 
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Sorry ;)


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