business

Ghosn's exit not the time to alter Renault-Nissan alliance: French official

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The French government holds 15 percent of Renault, which in turn owns 43.4 percent of Nissan. The Japanese company holds a non-voting 15 percent stake in Renault and a 34 percent share of Mitsubishi Motors.

This is what ticks off the folks at Nissan the most, a foreign entity owning such a large portion of their company and they have no say in return.

When Nissan was in the dumpster it was "ok" on the surface, but since the company has made a comeback financially, the time for "ok" is over and they hung Ghosn out!

16 ( +17 / -1 )

When Nissan was in the dumpster it was "ok" on the surface, but since the company has made a comeback financially, the time for "ok" is over and they hung Ghosn out!

That may be so but if he and his buddy hadn't under-reported his income, they would have had no rope to hang him with. In business, especially in Japan, EVERYONE is your enemy, everyone is trying to trip you up, so Ghosen just got sloppy and careless. Part of being a prima Donna.

2 ( +7 / -5 )

we'll see how long this lasts or if Nissan had any new plans with Ghosn gone

-1 ( +0 / -1 )

This picture of two government officials talking about Nissan makes a strange impression on me. Nissan is a private corporation. Seko does not represent Nissan. Nissan should decide their future by themselves and not politicians involved.

11 ( +11 / -0 )

There is a lot of suspicion in France that Ghosn was setup by Nissan because he was pushing forward with a merger between Renault and Nissan, which Nissan was strongly against.

https://jalopnik.com/was-carlos-ghosn-whacked-1830569053

Note that for now Renault is keeping him as CEO.

11 ( +11 / -0 )

When Nissan was in the dumpster it was "ok" on the surface, but since the company has made a comeback financially, the time for "ok" is over and they hung Ghosn out!

Ghost hung himsekf out, unless you are saying Nissan knew about tje books being cooked and decided it was time to push Ghosn out by "uncovering" the fraud.

Of course, we all know that that couldn't happen because Japanese companies never cook their books. It's definitely all the fault of the foreigners because Japanese people are not only the politest people on earth, they're also the most honest.

7 ( +8 / -1 )

We know there's a flourishing conspiracy theory about all this

Which conspiracy theory?

The one where Ghosn conspired to cook the books over many years and Nissan knew absolutely nothing about it... or the one, where Ghosn was set up and arrested just before the imminent merger of Renault and Nissan.

7 ( +8 / -1 )

 Nissan should decide their future by themselves and not politicians involved.

Nissan is about 50% larger than Renault and considerable more profitable, French government is tryng to play politics by having more of those Nissan jobs in Japan handed over to French Renault workers. Theres a reason why Nissan is more profitable more recognised brand worldwide and Japanese workers shouldnt be sacrificed becuase Renault want to steal their thunder

-1 ( +2 / -3 )

This picture of two government officials talking about Nissan makes a strange impression on me. Nissan is a private corporation. Seko does not represent Nissan. Nissan should decide their future by themselves and not politicians involved.

Oh but I guess then it's ok for the Japanese government to hold controlling interest in a very large number of "private" corporations, Japan Post, NTT, KDD etc etc.

1 ( +3 / -2 )

Ghost hung himsekf out, unless you are saying Nissan knew about tje books being cooked and decided it was time to push Ghosn out by "uncovering" the fraud.

If you know how Japanese do their taxes, yeah I would suggest that Nissan knew, and played along.

6 ( +6 / -0 )

*Some industry analysts have linked that push to the timing of his arrest. 

That's pretty obvious, can't the French government be more stronger in this case instead of fake photo ops.. No lawsuits from their end? Can't protect their own who made what the companies wealth, what a sellout..

3 ( +4 / -1 )

It doesn't matter. The merger will still go through. Renault owns to many shares. People like Saikawa don't like that a foreigner saved their company because none of the Japanese leaders could do it. It is definitely a power play by Saikawa and his cronies.

Ghosn can't be tried and convicted without bring down Nissan in the process which will negate all the scheming by the Japanese executives. Saikawa my get to be in charge, but Ghosn will still be on the board and will continue to wield tremendous power. If the government steps in to try to push Renault into selling their shares then stockholders will definitely have a run on the stock.

Anybody in the know will not trust anyone other than Ghosn in the running of Nissan because he is the only one with a proven track record.

4 ( +6 / -2 )

I am waiting for Goshn to speak publicly. So far he is a bird in a cage whose mouth is shut, nothing of a democracy.

0 ( +1 / -1 )

Hold your horses .Who said Japanese never cook their book .Lately so much scandal and hanky panky on truly Japanese firms faking data and financial reporting .They are human no such things as nice guy. That why regulation and oversight on truthfulness are critical to ensure corporation don't violet or become unethical.japanes are no different from other except they didn't get caught

2 ( +2 / -0 )

The Japanese Government should regulate how much foreign car Company can own shares in the Japanese Car Company. I think 35% shares are probably a good numbers. The problem here was the Renault has 43% shares in the Nissan and the Nissan was the major breadwinner in the Renault-Nissan alliance. Also the French Government has owned 15% of Renault shares. The Renault and Carlos Ghosn want to merger Nissan and Renault. However, Nissan CEO Hiroto Saikawa has opposed such a move, which would see a Japanese corporate icon come under foreign control. So, Carlos Ghosn was in jail for financial misconduct. To protect future scandal, the Japanese Government needs to regulate for foreign share ownership in the Japanese Car Company.

-1 ( +0 / -1 )

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