Jean-Dominique Starphoto: Kim Kyung Hoon / reuters
International auto giant — Renault Nissan Alliance — has overcome the scandal with rumors of its collapse, and now will change. This writes Bloomberg with reference to the Chairman of the Board of Renault Jean-Dominique Senara.
The company completed “the era of Carlos Ghosn”, the former head of the Association, who is on the run, said Senar. One of the symbols of this in October 2019, was the dismissal from the post of General Director of Renault, Thierry Bollore appointed during the Rut. Now the company will announce a new CEO, it will happen in the near future.
Top Manager said that the management of the Renault — Nissan Alliance will take a decision about new joint projects at the meeting in January 2020. Senar added that the Association intends to expand the partnership, including technological, amid growing need for investment to create new cars.
Senar also made changes in the shareholding structure of the Alliance and attracting new partners. According to the partnership agreement, Renault owns 43 percent of the voting shares of Nissan, the Japanese company also has only a 15% package non-voting stake in the French automaker. Despite its large stake in Nissan in the hands of Renault, the possibility of the latter to influence the partner is limited to the shareholders ‘ agreement.
“I have never seen such a joint structure, when one side as much as 43 per cent of the [voting] shares to another, but in reality is not any effect on it,” said Senar. At the same time, he added that the change in joint structures in the Alliance is currently not a priority. Speaking about the rumors of the collapse of the Alliance, Senar said that he was “surprised and shocked” by such messages. “This is a false news, they completely contradict reality,” he said.
About the plans the Japanese company to leave the Alliance in January 2020, the newspaper reported the Financial Times. According to her, the group considered the cooperation with Renault “toxic”. The message about the collapse came against the backdrop of the scandal surrounding Carlos Ghosn, who escaped from house arrest after accusations of concealment of income and the shifting of personal losses at Nissan.
Later, however, the Japanese company in an official statement, denied the rumors about the desire to end the partnership with the French side, calling the cooperation with Renault source of competitiveness of the concern.
The Alliance Renault Nissan founded in 1999. It also includes the Japanese company Mitsubishi. Their Union is in the top three largest manufacturers in the world of cars, along with Volkswagen Group and Toyota.
Video, photo All from Russia.