Sunday , December 6 2020

Ghosn scandal can push the Renault-Nissan alliance to a breaking point

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By Paul A. Eisenstein

After Nissan's board of directors unanimously elected Carlos Ghosn's presidency as president at an emergency meeting in Yokohama, Japan, some industry observers question exactly what is happening in the case.

Nissan's French alliance partner, Renault's board of directors, chose Ghosn as a clear CEO for his own CEO. A number of sources told NBC News that he was questioning why Ghosn was arrested.

The 64-year-old ruler was arrested on Monday in Japan and charged nearly $ 45m in revenue and abuse of company assets. The Brazilian-born manager may be held in Tokyo 10 days before prosecutors decide to bring an official indictment.

Joe Phillippi of AutoTrends Consulting, "This is a deadly policy and international trade intrigue" may mean. Noting that edi a tension çab might exist, he quickly added that Ghosn's accusations were not # out of probability Gh that they were motivated by an internal institutional dispute.

This echoed in half a dozen other conversations with or near Nissan. Sources echoed a sharp drop between Ghosn and Saikawa last year between the Nissan CEO & Ghosn as the water changed.

”Companies typically can give you a slap, eler a Nissan veteran said, in but they're not. Eler When you're a little slack with things like a company jet, or justified things are in your account. arrest and imprisonment. "

If the situation is not solid, some industry observers predict that Saikawa can continue to push itself. Nissan CEO openly trusted in the accusations against Ghosn at a press conference at the corporate headquarters of Monday, kız Beyond perfectness, you feel great frustration, frustration, despair, anger and resentment. Niss

But he may also have pointed to a personal element of the case, suggesting that Ghosn has gained so much power and that he might have been too long in his position.

Ghosn joined Renault in 1996 to consolidate the financing of French companies. He put black in a year and won the nickname ”Le Cost Killer O. Ghosn was later sent to Japan in 1999 to buy a 38.6% stake in Renault's Nissan and then implement a massive return plan. Initially referred to as chief operating officer, Ghosn rose to the CEO after the Japanese automaker began to make profit and cut its debt. He was later elected Executive Director of Renault and now holds the same position in the umbrella organization known as the Renault-Nissan-Mitsubishi Alliance.

In a number of publications, Ghosn not only had an end-to-end business empire, but also had to deal with the political pressures associated with the Franco-Japanese group. In 2017, the French government reduced its holdings in Renault to 15 percent, due to the maneuvering of Ghosn. But it still has a significant impact and is pushing to strengthen Paris-based automaker Nissan, and Finance Minister Bruno Le Maire reiterated this week.

If anything, Nissan is pushing for a little more independence under Saikawa. Reuters, however, argued that the company's resources were, a feeling of crisis that would be taken over by the French government; by Nissan and Mitsubishi in the Ministry of Economy, Trade and Industry (Japan). Ancak

Some observers have warned that the French press can be moved to the alliance in situations where it is very difficult – or the Japanese era is too aggressive to prevent the takeover.

Earlier this week, Mitsubishi CEO Osamu Masuko said Ghosn's alliance was in danger. Orum I don't think there's anyone else like Ghosn running Renault, Nissan and Mitsubishi in the world, “he said.

Both the French and Japanese side of the Alliance are trying to reduce such concerns. Saikawa voiced a desire to maintain a largely positive relationship with volume per unit volume last year, when Volkswagen became the world's best-selling automotive group.

As Renault continues to demand evidence of Ghosn's alleged crimes, the company also issued a statement stressing "Renault's commitment to the defense of its interest in the alliance".

Max Warburton, an analyst at Bernstein, said, # But there is no doubt that the loss of Ghosn will lead to a big challenge: d Glue that holds Renault and Nissan together, # he said. "It is not hard to conclude that there may be a gulf between Renault and Nissan."

If more questions are asked about Nissan's accusations and Ghosn's arrest, several sources warned that the gulf could turn into an ocean. And it can shed new and disturbing light to Saikawa.

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