Tag Archives: Renault Nissan alliance

Nissan Shareholders Elect 7 Independent Directors Out of 11

The new board of directors comprises 11 individuals, seven of whom are independent outside directors. Power appears to be evenly split between Renault and Nissan despite Nissan’s and the Japanese government’s interest in asserting more control. Renault, which owns 43% of Nissan and the French government, which owns 15% of Renault, are pushing for a merger. Paper organization charts are not always how business is conducted in mega, joint venture corporations. So, it will take some time to see how this works out as the Ghosn matter proceeds through the Japanese “legal” system. Continue reading

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Renault, Nissan Ink Deal with Waymo on Driverless Mobility

The agreement is claimed to be designed to bring together the “strengths of each party and expand expertise by assessing market opportunities, working together to research commercial, legal and regulatory issues related to driverless transportation-as-a-service offerings in France and Japan.” Continue reading

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Renault Board Confirms Expenses Improperly Used by Ghosn

Several expenses incurred by RNBV for a total of ~€11 million include questionable air travel expenses for Mr. Ghosn; other expenses incurred for Mr. Ghosn; and gifts to non-profit organizations. Continue reading

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Hiroto Saikawa Chosen as Nissan Chief Executive Officer

This planned management shift follows Ghosn’s recent expansion of the Renault-Nissan Alliance to include Mitsubishi Motors, which positions the Alliance among the top automotive groups in terms of scale. Continue reading

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Renault-Nissan Alliance Sells 9.6 Million Vehicles in 2016

The Renault-Nissan Alliance had global sales of 9.96 million vehicles during 2016. The car group also continued its leadership in zero-emission vehicles with cumulative sales of ~425,000 electric vehicles since the introduction of the Nissan LEAF in 2010, followed by … Continue reading

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Ghosn Defends Mitsubishi Bailout in Face of Criticism

Call it a “one barrel of a two-barrel shotgun wedding.” This is a giant roll of the dice with Carlos Ghosn betting on numerous “come” lines. Continue reading

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Renault Nissan Sets Sales Record in 2012 Despite EU, Asian Drops

In 2012, global sales of all zero-emission vehicles across the Alliance were 43,829 units, up 83.8% from 2011 as Nissan LEAF sales increased worldwide and Renault launched two more EVs. The Alliance’s worldwide zero-emission market share stood at 64%, excluding Twizy, Renault’s two-seater urban commuter. Since sales began in December 2010 to the end of 2012, the Alliance sold 67,723 zero-emission vehicles globally. Billions of dollars are at stake for shareholders in this EV investment that is thus far behind its original sales goals. Continue reading

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Nissan Announces Ambitious Global Growth Plan

Things are going to get better during the next five years for Nissan Motor Company, the Yokohama based automaker announced this morning. In unveiling what is an ambitious six year business plan, Japan’s number two automaker said that it will deliver on average an all-new vehicle every six weeks for six years. As a result, the company’s global portfolio will have 66 vehicles and will cover 92% of all markets and segments, Nissan claimed. Continue reading

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