Tag Archives: Renault Nissan Mitsubishi Alliance

Renault, Nissan Motor, Mitsubishi Slice, Dice World by Brand

The member companies plan to build on existing Alliance “benefits” in areas such as joint purchasing by using their respective positions and geographic strengths to support their partners’ business development. The three companies of the Alliance will cover all vehicle segments and technologies globally, while increasing their respective competitiveness. By implementing the plan, Nissan aims to achieve a 5% operating profit margin and a sustainable global market share of 6% by the end of fiscal year 2023, including proportionate contributions from its 50% equity joint venture in China. Continue reading

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Japanese Issue Arrest Warrant for Wife of Carlos Ghosn

Mr. Ghosn has scheduled a press conference today in Lebanon to give some comments on his arrest and pending trial. Carole Ghosn, not surprisingly, has been a vocal critic of the charges and Japanese justice system that is perverse by western standards. Continue reading

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Mitsubishi Motors North America to Move U.S. Headquarters Closer to Nissan in Franklin, Tennessee

The company that was close to bankruptcy before the Nissan-Renault Alliance gave it a reprieve claims the “move proves strength of Renault-Nissan-Mitsubishi Alliance, as efficiencies between Mitsubishi Motors and Nissan grow in the U.S.” Continue reading

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Renault Returns the Nissan Abstinence Vote Favor

This after the French government asked for more time to study the FCA Renault merger when it learned that Nissan intended to abstain from a vote that would allow it to go forward. Continue reading

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Ghosn Fallout – Nissan Board Changes

Nissan claims that building the best possible corporate governance structure as an urgent task and is working on swift implementation of a new organization. The company is now preparing an internal system to enable transition by the end of June, in expectation of receiving shareholder approval at the scheduled Annual General Meeting of Shareholders. Continue reading

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Ghosn to be Gone at Next Nissan Shareholders Meeting

Renault-Nissan-Mitsubishi is today the world’s largest automotive partnership, with combined sales of more than 10.6 million vehicles. Continue reading

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Renault Board Investigation Backs Ghosn. Governance Measures Stay in Place. Compensation Controversy Ongoing

Their preliminary conclusion is that the compensation of Carlos Ghosn, Chairman and Chief Executive Officer of Renault and the conditions under which such compensation was approved followed applicable law as well as the recommendations of the *AFEP-MEDEF. The Board of Directors decided to maintain the current governance measures established on November 20, 2018. Continue reading

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Ghosn, Kelly and Nissan Motor Corp. Indicted for Violating The Japan Financial Instruments and Exchange Act

Thus – as predicted – this case, besides from revealing the rift between Nissan and its European partner Renault that saved it from bankruptcy, has cast a cold beam of light on Japanese corporate governance – or is that non-governance? – practices. Continue reading

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