Hiroto Saikawa will have finally had a good day. The CEO of Nissan, whose the future at the helm of the company is increasingly questioned , had planned to let its shareholders express their annoyance at the general meeting. Since the fall of Carlos Ghosn, the value of their shares has plummeted by 30% over… Continue reading In Japan, Nissan shareholders have rallied against … the French
Author: Les Echos (French)
Between Fiat and Renault, the fragrance of the wedding still floats in the air
His clan supports him. Fifteen days after the night withdrawal of its offer of merger between Fiat Chrysler (FCA) and Renault Last week, John Elkann received the support of his family at the general meeting of Giovanni Agnelli BV, the annual grandmother of the family holding company. The Renault project is his idea, and “it… Continue reading Between Fiat and Renault, the fragrance of the wedding still floats in the air
Nissan to yield to Renault’s requirements
After a week under high voltage, Nissan management is preparing to yield to the latest demands of Renault, which demanded a more important place for its representatives in the committees that will constitute the future governance of the Japanese manufacturer of which it holds 43.4%. Officially, Nissan’s response to the very firm letter that Jean-Dominique… Continue reading Nissan to yield to Renault’s requirements
Diesel, electric: PSA adapts its Trémery plant to the new deal
The large warehouse of 3.500 m2 is half empty. In the middle, a small production line, U-shaped, which is busy about twenty operators. At the entrance, a DS3 Crossback e-tense, the 100% electric version of the new small SUV DS, expected to be marketed from September. Welcome to Trémery, the PSA Group’s engine plant, north… Continue reading Diesel, electric: PSA adapts its Trémery plant to the new deal
At Renault, a general meeting under high voltage
Jean-Dominique Senard would have probably dreamed calmer for his first meeting of Renault, Wednesday, June 12. This will be his first public intervention, less than five months after his appointment by the board of directors to the presidency of the tricolor builder, in the wake of the Ghosn affair. However, the meeting of shareholders of… Continue reading At Renault, a general meeting under high voltage
Fusion project with Fiat worries Renault unions
Between opposition and circumspection. For the past ten days, the Losange unions have also been working on the surprise proposal made by Fiat Chrysler Automobiles (FCA) for a big “equals” marriage with Renault. And their early work has not resulted for the moment on a massive enthusiasm, to say the least. The CGT has already… Continue reading Fusion project with Fiat worries Renault unions
Renault-FCA merger: Fiat factories more fragile than Renault
Promised sworn. Proponents of a Renault-Fiat Chrysler merging ensure: the operation will not destroy jobs, on the contrary, it will allow both groups to strengthen, by constituting a European champion in the face of Chinese or American competition. In its proposal, Fiat Chrysler Automobiles (FCA) undertakes not to close the factory: the leaders of both… Continue reading Renault-FCA merger: Fiat factories more fragile than Renault
Fiat-Renault: top duel between investment banks
Goldman against Goldman. While negotiations go into the heat between Fiat-Chrysler, Renault and Nissan and only three days after the announcement, the French camp evokes already a bonus faced with the offer of the Italians, a game at the top is emerging between the merchant banks. François-Xavier de Mallmann , fine connoisseur of the empire… Continue reading Fiat-Renault: top duel between investment banks
Critical hearing for Carlos Ghosn ahead of trial
Six months after his arrest, Carlos Ghosn will find, for the first time, this Thursday morning, the prosecutors and his three judges for a formal preliminary hearing to prepare for his future trial. A crucial step in the long legal process that awaits the former boss of Nissan and Renault. “It is possible that these… Continue reading Critical hearing for Carlos Ghosn ahead of trial
Ghosn case: 10.9 million personal expenses billed to Renault and Nissan
There were luxury stays at the Rio carnival, festivals at the Cannes festival, feasts at the Château de Versailles, a Cartier watch, air travel for personal reasons, donations to Lebanon … In total and in ten years, Renault and Nissan have assumed nearly 10.9 million euros of personal expenses of Carlos Ghosn, according to the… Continue reading Ghosn case: 10.9 million personal expenses billed to Renault and Nissan