Tuesday , July 27 2021

The scandal & # 39; & # 39 Ghosn can; create the alliance Renault-Nissan with the crossing point



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By & # 39; Paul A. Eisenstein

After the board & # 39; & # 39 by Nissan voted, unanimously, to eliminate Carlos Ghosn as president at a meeting & # 39; emergency at its headquarters in & # 39; Yokohama, Japan, some industry observers are questioning exactly what the case really involves.

The board of partners & # 39; French alliance & # 39; Renault Nissan decided b & # 39; in particular not to take away Ghosn as its own CEO, awaiting clear evidence. Several sources told NBC News that questioned why Ghosn was even arrested.

The executive & # 39; 64 was arrested Monday in Japan and accused of not enough rraportax his income by nearly $ 45 million and use the wrong company assets. The executive born in Brazil can & # 39; continue & # 39; f & # 39; & # 39 in detention; Tokyo for another 10 days before prosecutors decide whether to grant a formal accusation.

It can & # 39; involves "lethal awareness of politics and international business with & # 39; cheating", said Joe Phillippi of & # 39; AutoTrends Consulting. While he warned that can & # 39; is "range", he quickly added that is "outside the scope of possibility" that Ghosn matched against accusations were motivated by internal corporate dispute.

That was repeated in & # 39; other half eighty conversation with & # 39; those in or near & # 39; Nissan, b & # 39; sources repeat that there has been a sharp decline between Ghosn and Saikawa, replacing Nissan CEO Ghosn as last year.

"Companies can typically give you a slap on the part" when you play a little loose with the use of & # 39; things like corporate jet or charge things in & # 39; account & # 39; Your costs are not justified, said one veteran Nissan, "but it & # 39; to have their president arrested and placed in jail."

If the case m & # 39; is solid rock, some watching the industry predict that Saikawa can & # 39; folds himself. The CEO & # 39; Nissan appeared clearly confident in charges compared against Ghosn during a conference & # 39; news at corporate headquarters on Monday, which stated: "Beyond that I feel great disappointment, frustration, despair, and resentment indignazzjoni."

But he could & # 39; also showed personal element to the case by suggesting that Ghosn had acquired too much power and could & # 39; into & # 39; in his position long.

Ghosn joined & # 39; Renault in 1996, brought on board to fix the French finance company. He put it in black hardly year, earned the nickname, "Le Cost Killer." Ghosn was then sent to Japan in 1999, after Renault bought a share & # 39; 38.6 per cent in & # 39; Nissan, to implement a plan & # 39; huge changes. Initially named chief operating officer, was elevated to CEO Ghosn soon after the Japanese car manufacturer started to bring profit and reduced its debt nasty. He was subsequently named chief executive & # 39; Renault, and held the same position in the umbrella organization that is now known as the Renault-Nissan Alliance Mitsubishi.

In its various locations, Ghosn not only had to deal with the running & # 39; outpost business empire but also to political pressures associated with Franco-Japanese group. In 2017, the French government lifted & # 39; back its shares in & # 39; R Renault – partly due to a maneuver by Ghosn – to 15 percent. But still retains significant tbaqbir and was pressing to further consolidate the automaker and Nissan based in & # 39; Paris, something that French Finance Minister Bruno Le Maire emphasized again this week.

If anything, Nissan has been pushing for a little more independence under Saikawa. But company sources quoted as suggesting "There is a sense of & # 39; crisis Ministry (Japanese) Economy, Trade and Industry b & # 39; this Nissan rate and Mitsubishi will be seized by the government French. "

Some observers warn that things can go in the other direction for the alliance if the French press is too hard – or the Japanese maneuver b & # 39; way too aggressively to prevent the acquisition.

Earlier this week, the CEO & # 39; Mitsubishi Osamu Masuko said that many alliance Ghosn is strung together in & # 39; hazard. "I do not think anyone else in the world could such Ghosn & # 39; led Renault, Nissan and Mitsubishi," he said.

Those both on the French side and on the Japanese side of the alliance is trying to reduce concerns. Saikawa expressed his desire to keep the relationship was very positive that last year led Volkswagen to become the most amazing car group in the world with & # 39; volume & # 39; unit.

While those on the side of & # 39; Renault continued to seek evidence of alleged crimes & # 39; Ghosn, the company also issued a statement highlighting "its dedication to protecting the interests of & # 39; Renault alliance.

"But m & # 39; there is no doubt that the loss of & # 39; Ghosn will be a major challenge. It is" the glue that keeps Renault and Nissan together ", said Max Warburton, analyst at & # 39; Bernstein. "it's hard not nikkonkludix can & # 39; an opening & # 39; gas between Renault and Nissan ".

If raised more questions about the justification for charges & # 39; Nissan and arrest & # 39; Ghosn, several sources warned, that golf can & # 39; become ocean. And you & # 39; re not put focus on influential Saikawa itself.


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