The battle for Renault
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Thread: The battle for Renault

  1. #1
    1000+ Posts gerry freed's Avatar
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    Default The battle for Renault

    The government passed a law to allow shareholders to acquire significant holdings without having to make a takeover bid but giving control to them as their voting power would be doubled. The current government's, leaning to the Left, prime interest is in preserving jobs in France and is keen to block leakage as Renault globalises. It has announced its intention to increase its holding to gain that control, to come into force next year.
    The management wants the freedom to expand where operations are appropriate so as to have the full flexibility to compete. Nissan understandably are not happy. Rumours abound in Japan that Nissan will increase its holding in Renault and by issuing more shares in Japan, dilute the Renault holding in Nissan. Meanwhile the other shareholders, mostly large investment funds, in Renault are not unhappy as the company is doing well. The shares continue to rise in price and are close to 100 euros. The management is suggesting a threat to the Alliance to counter the government pressure. Were the Alliance to break up, Renault alone would face the same challenge as PSA and be too small to be an efficient competitor versus Toyota, GM and VW.

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    1000+ Posts Kim Luck's Avatar
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    Both Renault and Nissan have benefitted enormously from the Alliance. Prior to the Alliance Nissan was nearly on it's death bed and without some Nissan engineering and quality control regimens Renault would be looking pretty sick. It is undoubtedly in both their interests to keep it all together.
    Don't it always seem to go that you don't know what you've got 'til it's gone............

  3. #3
    Too many posts! JohnW's Avatar
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    Thanks Gerry.

    Interesting reading. The Alliance is different from the ownership status of the other brands like Seat, Porsche, Skoda in the VW group, and GM's long amalgamation of lots of brands in USA. Toyota seems almost pure Toyota, apart from Hino.

    This all means you need damn good management and diplomacy at the top. Long live Carlos!
    Kim Luck and Kenfuego like this.
    JohnW

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    Ove
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    1000+ Posts robmac's Avatar
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    This all means you need damn good management and diplomacy at the top. Long live Carlos
    I'd also suggest "hopping into bed" with Nissan was a very good move to contribute assembly and electrical technology to their vehicles.

  6. #6
    1000+ Posts Kim Luck's Avatar
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    Quote Originally Posted by Ove View Post
    The French have a penchant for convoluted management of everything they do.......
    Don't it always seem to go that you don't know what you've got 'til it's gone............

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