+ Publier publicitaire GRATUIT !
Stats d'annonce: Dernier 24h - 49, actuel - 959, total - 80007

Renault Ready to Weaken Grip Over Nissan, Report Says

9 Décembre 2015 - Automotive News

Renault Ready to Weaken Grip Over Nissan, Report Says

Renault is drawing up proposals to relinquish some power over alliance partner Nissan, sources said, and will on Monday begin shoring up boardroom support in the final days before a likely clash with the French government.

Renault remains on collision course with France, its biggest shareholder, in a dispute that erupted in April when Economy Minister Emmanuel Macron raised the government's stake in the carmaker to secure double voting rights and a blocking minority. The French state wants to safeguard its strategic interests in Renault, which include preserving jobs at home.

With board-level negotiations making little headway, people with knowledge of the matter said Renault is preparing to make good on earlier threats to weaken its grip on Nissan, in which it currently holds a controlling stake of 43.4 %.

"There's nothing that comes close to an agreement," a source close to the alliance said. "It's as if the government wants to find out whether it's a bluff."

At stake may be the future direction of Renault-Nissan. Under Chief Executive Carlos Ghosn, the alliance ranks as the world's fourth-largest carmaker on a combined sales basis.

The conflict reflects the disparity between formal structure, in which Renault has nominal control, and operations under Ghosn, who heads both carmakers. Since its 1999 rescue by Renault, Nissan has far outgrown its French partner and now leads the way in many engineering projects and other areas.

Macron has warned Ghosn against making moves to loosen Renault's control of Nissan or leadership of the alliance.

"Any unraveling or weakening of the links between the two companies cannot be a solution," he reiterated in a Sunday newspaper interview. Renault-Nissan declined to comment.

France is boosting its corporate clout with a law granting long-term shareholders - including the state - double voting rights in any companies that do not opt out.

Macron deployed 1.2 billion euros ($1.3 billion) of public cash to raise France's Renault stake temporarily to 19.7 % and block Ghosn's opt-out proposal at the April shareholder meeting. Even after its holding is pared back to 15 %, the state will command a blocking minority when the Florange law takes effect at the end of March.

Macron on Sunday reiterated the government's compromise offer, first reported by Reuters, to limit the exercise of its additional voting rights to strategic questions.

But Renault's proposal is likely to go much further, sources said, neutralizing its control with a binding pledge never to interfere in Nissan management - as demanded by the Japanese carmaker on Nov. 30 along with restrictions on the government votes.

As a safeguard, Nissan wants to be authorized to increase its 15 % Renault stake if the promise is broken. Once the holding reached 25 %, Renault could lose the votes on its Nissan shares under Japanese law.

In a sign that Macron may have given some ground, French officials privately acknowledge that any last-minute compromise would likely require a Renault-Nissan deal adjusting their relationship, defined in a 2002 alliance master agreement.

But moves to end Renault control will meet stiff resistance, according to people familiar with government thinking.

"That's not going to cut any ice," said one. "With all the fuss they've made, Renault-Nissan have mainly succeeded in putting the state at the very center of their alliance."

Besides Ghosn, the 19-member Renault board consists of 10 independent directors, who have so far backed the CEO; four workers' representatives; two Nissan appointees; and two French government officials.

Macron has demanded that Ghosn and both Nissan appointees abstain from voting to avoid conflicts of interest, sources say.

The independents, including Danone Chairman Franck Riboud and Total's Thierry Desmarest, have also been criticized by French officials for betraying Renault - a charge they rebuffed in an unusual group statement last month.

Nouvelles par Tags

2011 models2012 models3D printing458 italia6-series coupeA1A2abc motorsabu dhabiaccidentaccidentsaccordACIMacuraadvertisingafricaairbagairbagsairbusairportalcotestalfaalfa romeoalgeriaalpineamazonamphibiousandroidAnil Bachooappappleappointmentsappsarabiaargentinaarnold schwarzeneggerArtashok leylandasiaastonaston martinauctionaudiaustraliaaustriaautoauto shanghaiauto showautonomous carautonomus carAutopilotaventadorawardsAxessBagatellebahrain grand prixBAIbajajBangkok International Motor ShowBangkok Motor ShowBangladeshbatmobilebatterybattlebeachesBeau-BassinbeetleBeijing Motor ShowBelgiumbentleybernie ecclestonebetamaxbetamax casebicyclebicyclesbikebikesbiodieselbmwboatboatsBogota Auto ShowBois-Marchand accidentBologna Motor ShowbondboschBPObrabusbrakesbrazilbribebribesbridgestonebriobudgetbugattibuggybuickburnoutbusbusesbuyingbydcadillaccamaroCanadacarcar buying tipscar dealerscar importcar marketcar rentcar rentalcar salescar servicecar sharingcar theftcar washcarbon fiberCarPlaycarscartingCaudanCCIDCCTVCEBcelebretiescelebritiesCESChamp-de-MarsChengdu Motor ShowcherychevroletChicago Auto ShowchinaCHINESE GRAND PRIXChris Evanschryslercitroencivicclassicclassic carsclassicscommercialcomparisonconceptconceptsconsumer reportsconvertiblecoromandelcorruptioncorvetteCourtCourtsCPBcr-vcrashcrash testcrash testscrossovercrowdfundingCubaCurepipeCUVCWAdaciadaihatsudaimlerdakardartzdash camdashcamdatsunDelhi Auto ExpodesignDetroitDetroit Auto Showdieseldiesel scandalDIYDLCdodgedragdrag battledrag racedrag racingdriftdriftingdriverless cardrivingdriving licensedriving schooldriving schoolsdriving testdriving tipsdronedronesdrugsdrunk drivingdsDubaiDubai Motor ShowducatiearthquakeEbayebeneecoecologyeconomyelectricelon muskengen motor showengineenginesEOCethanoletios livaEUEuropeeveventsexpofacebookfakeFast And FuriousFernando AlonsoferrariferryfiatfiestafilmsfinancesfinefinlandFirefiskerfitness centerFlacqFlic-en-FlacFloodsflying carFootballForbach accidentforce indiafordformula1forza motorsportFrancefrankfurtfrankfurt motor showfraudFSCfuelfuel economy scandalfuel pricefuel stationfuel stationsfunnyfutureGaikindo Indonesia International Auto ShowgamesgeargeelygenesisGeneva Auto Showgeneva motor showGermanygirlsgmgodzillagolfGoodlandsgooglegoogle glassGoProgovernmentgpsgran turismogrand tourgreat wallgreecegreengreen energygrnoGRSE accidentGTAGymkhanahackershakershamannharley-davidsonHatchbackhellcatherohistoryhitachiholdenHollandHollywoodhondaHong Konghorsepower falsifyinghospitalshot wheelshotelhotelshoverbikehoverboardhow toHuayrahummerhumorhurricanehybridhydrogenhyundaii3i40ICACiframacIIHSIMCimportindiaIndian OilindicaIndonesiaIndonesia International Motor Showindonesia motor showinfinitiInfinityinfrastructureinsuranceintelinteriorinteriorsiPadiphoneiranirelandIRPisraelisuzuitaliaItalyjaguarjamesjames bondJames Mayjapanjapaneese carsjapanese carjapanese carsjazzJDMjeepJeremy Clarksonjettakartkawasakikei carken blockKenyakhankiaKoenigseggkoreaKoshik ReesaulKTMLALA Auto ShowLa Vigielamborghinilancialandland cruiserland roverlawsleallegolexuslicenselight metroLionel Messilotuslow cost carLRTluxuryluxury carluxury carsm3mad maxMadagascarmahindramaintenancemalaysiamanmapsmarketmarketingmartinmarutimaruti suzukimaseratiMatt LeBlancMauritiansmauritiusmaybachmazdaMcLarenmecedesmercedesmetroMetro Expressmexicomichael schumacherMicrosoftMidlandsminimitsubishiMMMmonacomonaco grand prixMontebello accidentmontereymoparMoroccomotomotormotor showMotor vehicle test centremotorcyclemotorcyclesmotorsportmotorsportsmotosportmoviesmpvMRAmugenmuscle carMusicmustangmv agustaMVDANandanee Soornacknanonascarnavigation systemnavigation systemsNavin RamgoolamNCGNDUNepalnetherlandsnew carnew york auto shownew zealandnfsNHTSANigerianissanissannorwayNTANTCNurburgringoff-roadoffroadOlympic Gamesopelpaganipagani huayraPakistanPamplemoussespanasonicParisparis motor showparkingPebble Beachpenaltiespenalty pointspeugeotPhilippinesPhoenixpickuppickupspininfarinapirelliPitonplayboyPNQpolandpolarispolicepoliticspollutionpontiacporscheporsheportPort LouisPort-LouisPPCPPPprankpricespriusproguardprotestsprotonPSApublic transportpublict transportQ3qorosquatre-bornesr8Raceracingrallyramrangerange roverratingsRDArecallrecallsrecordrecordsred bullreduitrenaultrenderingrent a carreplicaReunionRHTRiambelRichard DuvalRichard HammondrickshawrimacRing Roadrioroadroad accidentroad rules & regulationsroad safetyRoad Traffic ActRoad Traffic Amendment Actroadsroads safetyrobotsRodriguesrolls-royceromeoRose-HillroverRoyal EnfieldRRSRSUrumoursRussiasaabsafetysafety ratingssafety testsafety testssalesamsungsamusao paulo auto showSao Paulo Motor Showsaudisaudi arabiascamscandalscaniaschool busscooterscootersseatsecond hand carssecond hand cars importself driving carself-drivingself-driving carself-driving carsSEMASEMA showSeoul Motor Showservice stationsShanghaishanghai motor showshelbyShellshowsingaporeskodaSlovakiasmartSobrinho caseSohail Sesungkursolar energysoreze accidentsoulsound systemssouthsouth africasouth koreaspainspare partsspeed camerasspeedingsportSportscarspy shotsssang yongSsangYongstar warsstartupstatisticsSTCstreet racingstrikestudysubaruSudhir SesungkursudysupecarssupercarssurveySUVsuzukiSwedenswiftSwitzerlandTATaiwantakataTarisa Resorttatataxtax fraudtaxestaxiTBStechnlogytechnolgytechnologyTerre-RougeTerre-Rouge–Verdunteslatest driveteststhailandThailand International Motor ExpoThe Grand TourthefttipstiresTMRSUtokyoTokyo Auto Salontokyo motor showtoptop geartoyotatoystrailertransformerstransporttrendstricksTriolettriumphtrucktruckstsunamituningTurkeytvstyresUAEuberUBSukukraineunionsuomuralUSused carused carsVacoasVacoas-Phoenixvanvarma casevehicle inspectionVehiclesvelosterVictoria stationvideoVienna Auto ShowvietnamVintagevintage carsVipervivo energyvolkswagenvolvovwwheelsWorldyamahayariszagato
Vendez Votre Auto