. Right now it is a crisis situation in the #France
- #Japan #auto
! If you were a facilitator which #symbol
would you use to invite parties an open conversation? Remember - there are #always
two lines of communication - for #PR
. We have a suggestion. Full text of the topic from Reuters below. #Geranium
in the Victorian language of flowers means - I #want
with you - typically #privately
. Wouldn't it be a great solution? #makebusiness
! Happy #Sunday
Nissan and Renault’s standoff could quickly descend into a demolition derby. The Japanese carmaker wants more say in the alliance. Given the partnership’s lopsided governance, Nissan’s best bet would be to snap up shares in Renault, neutralising its controlling stake. The exit of Nissan Chairman Carlos Ghosn makes such a radical move easier.
involving the Renault boss aggravates an already fraught relationship. After two decades, the larger Japanese group wants to renegotiate an alliance under which the two carmakers own stakes in each other and share costs.
The problem is that the French group holds the #keys
. Its 43 percent stake in Nissan is larger than Nissan’s 15 percent stake in Renault. Moreover, French rules governing #how
companies treat shares held by a subsidiary mean that because Renault owns more than 40 percent of Nissan, the Japanese group’s shares in Renault don’t carry any voting #rights
for Renault, the same rules in Japan only kick in at a 25 percent threshold, meaning its shares in Nissan still carry weight. The Japanese group could offer to buy back shares from Renault, but there’s little reason to think the French would sell.
Nissan could try to dilute Renault. Ghosn’s exit, and that of his alleged accomplice Greg Kelly, have left two spaces on the nine-member Nissan board. That would make it easier for Chief Executive Hiroto Saikawa to launch a pre-emptive share issue to, say, a friendly Japanese investor. But Renault might just buy more shares in the market, keeping its stake above 40 percent.
A raid on Renault would be more effective. If Nissan’s stake in the French group ri