|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||54.98 - 56.00|
|52 Week Range||49.85 - 83.88|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||4.60|
|Earnings Date||Jul 26, 2019|
|Forward Dividend & Yield||3.55 (6.58%)|
|1y Target Est||84.17|
Nissan Motor Co is considering giving its alliance partner Renault SA some seats on planned oversight committees after the French automaker expressed discontent with the envisioned governance reform, a source said. The two-decade-old partnership of Nissan and Renault was plunged into a crisis earlier this week, as the French automaker' s demand for a greater say in Nissan's new governance system drew rare public censure by the Japanese firm. Renault, which owns 43.4% of the Japanese firm, signalled it would block Nissan from formally adopting an overhauled governance structure at a June 25 shareholder meeting - unless Renault received representation on new Nissan committees.
Nissan Motor Co is considering giving its alliance partner Renault SA some seats on planned oversight committees after the French automaker expressed discontent with the envisioned governance reform, a source said. The two-decade-old partnership of Nissan and Renault was plunged into a crisis earlier this week, as the French automaker's demand for a greater say in Nissan's new governance system drew rare public censure by the Japanese firm. Renault, which owns 43.4% of the Japanese firm, signaled it would block Nissan from formally adopting an overhauled governance structure at a June 25 shareholder meeting - unless Renault received representation on new Nissan committees.
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 proposed tie-up between the French car maker and Fiat Chrysler had been discussed for weeks. Its collapse stemmed from the government’s reversion to its old habit of political posturing.
Description of the share buyback program approved on June 12, 2019 Company: RENAULT SA Category: Shares – code ISIN FR 0000131906 The Board of Directors held on June 12, 2019.
French Finance Minister Bruno Le Maire said on Thursday a Fiat Chrysler-Renault merger remained an "interesting opportunity" but added he would tell the French carmaker's chairman that strengthening the Renault-Nissan alliance was the priority. The French state is Renault's biggest shareholder and sources have said chairman Jean-Dominique Senard is furious over the government's interference at the carmaker after Fiat Chrysler (FCA) withdrew its offer for a 35 billion euro ($40 billion) merger with Renault. Le Maire said he would meet Senard later on Thursday, with the chairman's position seen weakened by the deal's collapse and the ensuing fallout with President Emmanuel Macron's government.
Renault sees the strengthening of its Nissan alliance as a priority after a project to merge with Fiat Chrysler failed last week, the French car maker's chairman Jean-Dominique Senard said on Wednesday. "The priority now is to make the alliance successful, efficient and strong," Senard said during the company's shareholder meeting in Paris on Wednesday. Senard said a strengthening of the alliance would require efforts from both sides.
French President Emmanuel Macron has turned down a request to meet Renault chairman Jean-Dominique Senard, who is furious over the government's interference at the carmaker, sources told Reuters, raising questions over Senard's future. News of the rebuff came as Renault shareholders voted on Wednesday to endorse Senard's January appointment to replace Carlos Ghosn, the ousted leader of the Renault-Nissan alliance. Senard, whose bid to merge with Fiat Chrysler (FCA) over Nissan's reservations was thwarted by French Finance Minister Bruno Le Maire, unsuccessfully sought a meeting with Macron to appeal for his support, four government and company sources said.
Renault’s chairman sharply criticised the French government for scuppering merger talks with Fiat Chrysler, putting the carmaker at odds with its largest shareholder, as he vowed not to cede power to alliance partner Nissan during a robust shareholder meeting. Jean-Dominique Senard called the government’s decision to delay last Wednesday’s Renault vote on a proposed €33bn merger with the Italian-American carmaker “extremely unfortunate”. FCA withdrew the offer immediately after the French government, which owns 15 per cent of the carmaker, demanded a delay in the vote last Wednesday.
Renault's recent push to block a governance overhaul at Nissan Motor Co has put the Franco-Japanese automaking alliance in jeopardy, a person familiar with Nissan's thinking told Reuters. The two-decade-old partnership of Renault SA and Nissan was plunged into fresh crisis this week after Renault signaled it would block its partner from adopting planned governance reforms unless the French automaker received more say in the new system. Nissan has publicly called that demand "most regrettable".
On the sidelines of the CES Asia in Shanghai, Chinese e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA ) announced a partnership with a few automakers to install its smart speaker in some of their ...
On Wednesday, Renault shareholders will gather in the same cavernous hall in the French capital and again consider the company’s relationship with Nissan. Ghosn is gone, arrested in Tokyo and charged with financial crimes, and the alliance he nurtured is under unprecedented strain.
Plans to merge carmakers Renault and Fiat Chrysler could re-emerge despite the breakdown of negotiations last week, France's transport minister said on Tuesday, joining a chorus of French officials hoping the deal could be revived. French budget minister Gerald Darmanin said last week as well that he hoped the door had not closed on a deal.
China's Alibaba Group Holding Ltd on Tuesday said its voice-controlled assistant will feature in local vehicles from Audi AG, Renault SA and Honda Motor Co Ltd, as the tech giant expands in artificial intelligence. The Tmall Genie Auto smart speaker will allow drivers to use voice commands to, for instance, place orders on Alibaba's online retail platform and buy movie tickets, Alibaba said at the CES Asia 2019 technology trade show in Shanghai. In the near future, the speaker will also allow drivers to monitor and control smart devices at houses equipped with a Tmall Genie-compatible device, Alibaba said in a joint statement with the three automakers, without specifying vehicle models.
Renault’s new chairman, Jean-Dominique Senard, will face a bumper crowd at the carmaker’s annual shareholder meeting, the first since the arrest of Carlos Ghosn last year threw the company into months of uncertainty. Close to double the number of investors who attended last year have registered for Wednesday’s event, as they seek clarity on a host of issues from the collapsed merger talks with Fiat Chrysler to the company’s fractious relationship with its alliance partner, Nissan.
Forged in 1999 when Renault bought a stake in the struggling Japanese carmaker, the group — which now includes Mitsubishi Motors Corp. — has always been marked by a lopsided relationship. While Nissan is the largest partner in terms of vehicle output, Renault exercises more control over the Japanese automaker.
The downfall of Carlos Ghosn over allegations of financial misconduct has opened up a Pandora’s Box of Franco-Japanese political hostility, grudges and pressure tactics – supposedly all in the name of “strengthening” the 20-year alliance. On the French side, Renault SA’s chairman Jean-Dominique Senard was parachuted in to rescue relations with Nissan Motor Corp Ltd. after Ghosn’s arrest. First he tried to rush his Japanese counterparts into accepting a full Renault-Nissan merger.
Volkswagen cut ties with self-driving-car startup Aurora while looking to combine its autonomous-driving strategy with Ford Motor unit Argo AI.