|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||60.06 - 62.36|
|52 Week Range||51.98 - 100.80|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||5.08|
|Earnings Date||Feb 14, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||3.55 (6.04%)|
|1y Target Est||84.17|
The external committee tasked with improving governance at Nissan Motor Co believes the firm can deepen ties with Renault SA without overhauling the broader alliance agreed nearly two decades ago, a person familiar with the matter said. The two automakers are retooling their partnership to create a more equal footing and avoid the all-encompassing power wielded by ousted chairman Carlos Ghosn before his November arrest in Japan on financial misconduct charges. Last week, Nissan, Renault and junior partner Mitsubishi Motors Corp established a new joint board comprising separate executives of all three automakers to oversee operations and governance, dismantling the previous structure which in practice had placed control of the alliance with Ghosn.
The external committee tasked with improving governance at Nissan Motor Co believes the firm can deepen ties with Renault SA without overhauling the broader alliance agreed nearly two decades ago, a person familiar with the matter said. The two automakers are retooling their partnership to create a more equal footing and avoid the all-encompassing power wielded by ousted chairman Carlos Ghosn before his November arrest in Japan on financial misconduct charges. Last week, Nissan , Renault (RENA.PA) and junior partner Mitsubishi Motors Corp (7211.T) established a new joint board comprising separate executives of all three automakers to oversee operations and governance, dismantling the previous structure which in practice had placed control of the alliance with Ghosn.
Japan's Nissan Motor and France's Renault, together with junior ally Mitsubishi Motors, agreed last week that they would retool the alliance to put themselves on a more equal footing. "I've concluded that we need to considerably simplify our decision processes in the alliance," Renault chairman Jean-Dominique Senard said in an interview published on Le Figaro's website. The removal of Carlos Ghosn, credited with rescuing Nissan from near-bankruptcy in 1999, from the head of the alliance has raised a cloud of uncertainty about its future.
French carmaker Renault said on Friday that it had decided to push back a decision regarding the 2018 pay package for ousted boss Carlos Ghosn. "The board of directors will meet again in April to make its conclusions," said Renault. Earlier this week, Japan's Nissan and Renault said they would retool the world's top car-making alliance to put themselves on a more equal footing, breaking up the all-powerful chairmanship previously wielded by Ghosn.
Information concerning the total number of voting rights and shares, provided pursuant to article L. 233-8 II of the Code de commerce (the French Commercial Code) and the Article 223-16 of the Règlement ...
Communication about availability - Renault sales figures for February 2019 Boulogne, March 15, 2019 Renault announces that its sales figures report for February 2019 is now available on Renault website ...
Announcement: Moody's announces completion of a periodic review of ratings of Nissan Motor Co., Ltd. Tokyo, March 15, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Nissan Motor Co., Ltd. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
PARIS—The globe-spanning auto alliance of Renault-Nissan-Mitsubishi is shuffling management in the wake of Carlos Ghosn’s arrest and dismissal, reassigning senior executives who worked alongside the auto titan. Nissan Motor Co. said Wednesday that Denis Le Vot, who spearheaded Mr. Ghosn’s contentious U.S. strategy, will return to France to lead the alliance’s light-commercial-vehicle unit. Mitsubishi Motors Corp. said two senior executives close to Mr. Ghosn plan to leave the company.
Renault has sidelined a senior executive close to Carlos Ghosn, as the French carmaker and its Japanese affiliate Nissan continue to overhaul management in the wake of the financial scandal engulfing their former chairman. General Secretary Mouna Sepehri will move to an advisory position and leave the executive committee, Renault said on Wednesday, as it announced broader top management changes. Ghosn is facing trial in Japan for failing to disclose some $82 million (62.4 million pounds) in income he had arranged to be paid later, as well as transferring personal investment losses to Nissan when he was chief executive.
YOKOHAMA, Japan—The heads of Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp. on Tuesday overhauled the leadership structure of their auto-making alliance, looking for a fresh start in the wake of the arrest and dismissal of Carlos Ghosn. The companies said the old structure—which Mr. Ghosn created as alliance chairman—was unwieldy and will set up an operating board to replace it. “In the existing setup we spent a lot of time, you know, to report to many, many layers of each of our companies, and this creates viscosity,” said Renault Chief Executive Thierry Bolloré.
Japan's Nissan Motor and France's Renault said they would retool the world's top car-making alliance to put themselves on more equal footing, breaking up the all-powerful chairmanship previously wielded by ousted boss Carlos Ghosn. The removal of Ghosn, credited for rescuing Nissan from near-bankruptcy in 1999, had caused much uncertainty about the future of the alliance and some speculation the partnership could even unravel. The companies, together with junior ally Mitsubishi Motors, on Tuesday said the chairman of Renault would serve as the head of the alliance but - in a critical sign of the rebalancing - not as chairman of Nissan.
Renault, Nissan and Mitsubishi plan to create a new decision-making body for their alliance, in an attempt to reset the partnership that was thrown into turmoil by the arrest of former Nissan chairman ...
The decision by Mr Senard represents a key concession by the French carmaker. “I will not seek to be chairman of Nissan,” Mr Senard said at a joint press conference at Nissan’s headquarters in Yokohama. “This is a real, fresh new start.
Japan's Nissan Motor Co and France's Renault SA on Tuesday unveiled a new board structure for their alliance that will see the chairman of Renault serve as a director of Nissan. Together with alliance partner Mitsubishi Motors, the three reaffirmed that their alliance agreement was still in effect and that they would strengthen their cooperation.
PRESS RELEASE - 12 March 2019 Jean-Dominique Senard, Chairman of Renault, Hiroto Saikawa, CEO of Nissan, Thierry Bollore, CEO of Renault and Osamu Masuko, CEO of Mitsubishi Motors, announce the intention ...
TOKYO/PARIS (Reuters) - A Tokyo court rejected ousted Nissan boss Carlos Ghosn's request to attend a board meeting this week, denying him a seat at the table even as the carmaker looks set to bolster an alliance he built over two decades. Prosecutors submitted a document to the Tokyo District Court from Nissan stating its opposition to Ghosn attending Tuesday's board meeting, Ghosn's lawyer, Junichiro Hironaka, told reporters. "Nissan's strong opposition to Ghosn's attendance is very regrettable," Hironaka said outside his law office.
The heads of Renault SA, Nissan Motor Co and Mitsubishi Motors Corp will hold a joint news conference at Nissan's headquarters in Yokohama on Tuesday, Nissan said. Renault Chairman Jean-Dominique Senard, ...
The news of the investigation was first reported by AFP and confirmed by one person familiar with the matter. French prosecutors did not immediately respond to requests for comment. Renault said it was investigating a “personal benefit” to its then-jailed ex-boss made by the Château de Versailles as part of a sponsorship agreement signed with the French carmaker.
Renault said it’s is in talks with Nissan and Mitsubishi regarding a new body to “enhance and ensure further collaboration” of their alliance.