team.
Beware of Alliance Risk
Combining nature is a matter of mutual borrowing, but there are risks that cannot be ignored.
The internal personnel relations and interests of the large automobile group are complicated. It is obviously not an easy task to merge operations. For example, the turbulent Renault-Nissan-Mitsubishi alliance.
Renault and Nissan formed an alliance on March 27, 1999. For a long time, Ghosn also served as CEO of Renault and Nissan. In November 2018, Ghosn was arrested by the Special Search Department of the Tokyo District Prosecutor’s Office on the grounds that he was suspected of reporting too little of his own compensation and violating the Financial Instruments and Exchange Act. As the helm of the league, Ghosn’s arrest made the alliance’s relationship in jeopardy.
In fact, because of the “unequality” between the two parties (Renault holds 43.4% of Nissan’s shares, Nissan only has 15% of Renault’s non-voting shares), and product development ideas are divided, Renault-Nissan The league is already quite sloppy. Ghoen’s arrest led to further collapse of the alliance. According to media reports, the functional departments of Renault’s and Nissan’s joint operations were closed.
Christopher Rickett, a car analyst at CLSA, even believes that the Renault-Nissan Alliance has long existed in name only. Therefore, it is important to choose a suitable person to lead the combined company.
The Financial Times quoted people familiar with the matter as saying that after the merger of PSA and FCA, a board of 11 members will be formed. PSA has appointed 6 seats and FCA has 5 seats. Tang Weishi will serve as CEO and FCA chairman John Elkann will serve as chairman.
How to integrate French and American culture and work together will be the first challenge they face.
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I am Li Huanhuan, the author of the Future Auto Daily, focusing on electric cars and autonomous driving, and welcomes breaking news and communication. My WeChat is xuqianmo, add a note name, position, company.
