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business

Renault, Nissan spar over governance reforms as strains worsen

20 Comments
By Laurence Frost

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20 Comments
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Can Renault disband Nissan ? or sell the management stock to Chinese or Korean company ?

That should be well funny.

8 ( +13 / -5 )

"If there are differences of opinion (with Renault), then I'd like for those to be discussed".

That is most certainly an understatement by Mr Saikawa.

7 ( +9 / -2 )

The outside team has proposed that Renault directors would be free to serve on the nominations committee, but would be barred from the compensation and audit committees.

Sounds like direct discrimination cordinated by saikawa and his nationalist team

5 ( +11 / -6 )

Poor Saikawa, finding out his nationalist line of thinking doesn't wash with everyone!

6 ( +13 / -7 )

Couldn't a Renault member of the nomination committee suggest a nominee for the position of director & audit/supervisory board member?

-2 ( +0 / -2 )

The problem is not nationalism or personal preference here.

It has to be a "wise" business decision taking into account the political nature of the deal where a government is directly involved with the Renault party trying to negotiate out of a situation that they themselves created and admitted to. While it is nice to have some government "backing", it is "dangerous" to have government involvement.

-4 ( +6 / -10 )

kazetsukai

Its "wise" for you not to comment rubbish from reality

0 ( +6 / -6 )

While it is nice to have some government "backing", it is "dangerous" to have government involvement.

I suppose you think it's ok for the Japanese government to be in bed with Japanese corporations right?

3 ( +10 / -7 )

Folks here really need to educate themselves about just how much the Japanese government is involved in private enterprises here.

https://www.businessinsider.com/the-japanese-government-owns-a-massive-amount-of-japanese-companies-2016-8

1 ( +6 / -5 )

Nissan is a waste of time with saikawa at the top.

0 ( +7 / -7 )

Here's an idea: let the corporate govt be of the people (employees), by the people, and for the people. Scrap the communistic nominating committee. Every citizen of the company (employee) can put their name in the hat for the board after getting so many signatures.

5 ( +5 / -0 )

While it is nice to have some government "backing", it is "dangerous" to have government involvement.

Then most of J Inc big boys should be on the danger list.

-3 ( +2 / -5 )

@ Kenji Fujimori Its "wise" for you not to comment rubbish from reality

.

Its "wise" for you to follow your own counsel! :-)

Kazetsukai has a point.

French Gov't is - not only 'backing Renault" but very involved in its survival -and in fact, OWNS 15 % shares !!!.

.

-1 ( +4 / -5 )

Macron is desperate to keep Renault operational

Under his leadership France is in shambles - and all he is done if Renault folds.

This is Macron pressuring Renault to force Nissan's hand.

Good luck !!! :-)

.

.

-3 ( +3 / -6 )

There are still some commentators who do not understand that Renault OWNS 45% of Nissan.

Japanese companies buy oversea companies almost everyday (I work in one of those).

If you invest in a completely bankrupt company at huge risks - like Renault did 20 years ago - you would expect some returns if you manage it well. Wouldn't you?

What I can agree is that the French government should step out and the like for the Japanese one.

3 ( +4 / -1 )

There are still some commentators who do not understand that Renault OWNS 45%

yes it is laughable isnt it, it like Saikawa saying yes we know you saved us from oblivion and you turned us around in a profitable company onec again, but we wont full control back now. LOL sorry thats not how business works. Renault now own 43% of Nissan and unless they can make a very substantial offer to buy back a large portion of those shares then they will always have a large influence over how Nissan is run, if Japanese management doesnt like it then they can always quit

5 ( +5 / -0 )

I think the world are full of cooperate and political hypocrite. Any one believe the said government n hand in cooperate affair their home country company are total idiot or ignorance fool.those pretentious countries like the west include USA and Japan ,Korean all major dominant group ate control and influence by government .It is very hilarious to accused a Hiawei of China ,when all those countries violate everything they accused Huawei .Therefore the Japanese and France auto are no different both are practicing the same thing so don't cries wolf.

-3 ( +0 / -3 )

With each passing day, Saikawa and co’s po-faced denials about economic nationalism being the essential rationale behind their attempts to try and unscramble the Nissan-Renault omelette ring less and less true. The corollary of their naked power plays is that other nations are paying a great deal more attention to the growing evidence of collusion between government and private firms to stymie foreign penetration. Victory over this latest manifestation of Black Ship marauders from afar may well turn out to be a Pyrrhic victory.

3 ( +4 / -1 )

Ghosn needs to start a new automobile company and call it Datsun.

-2 ( +1 / -3 )

With J-companies, foreign Investment is welcome but having a say or questioning how your investment is performing is not welcomed.

Does anyone remember the running battle one U.S investment company had with one hokkaido company was it Sapporo beer ?

2 ( +2 / -0 )

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