joined 19 Jun 11
Posted - 01 Jan 2020 : 09:51:39
The Renault-Nissan- Mitsubishi Alliance is cited as a top three automaker.
Is it really?
Elsewhere Renault and Mitsubishi do not even make the top 10, because the three companies are considered different.
Below are the top 10 car brands in World:
1st Place : Volkswagen
2nd Place : Toyota
3rd Place : Daimler
4th Place : Ford Motor
5th Place : General Motors
6th Place : Honda Motors
7th Place : SAIC
8th Place : Fiat Chrysler
9th Place : BMW
10th Place : Nissan Motor
Look at the illustration for FORD in this article. It is the Johnson=Perkins Mustang sporting the number 47.
Back to the Alliance. Nissan was in trouble and Renault's boss Gnosn took over at Nissan and rescued it to the point where it outsells Renault.
France-based Renault and Japan-based Nissan formed a strategic alliance in 1999 when Nissan
had already been struggling to restructure its operations for several years, both in the Japanese
market and in the U.S. Since then, the companies have increased cross-shareholdings in each
other, and Renault now owns 43.4% of Nissan while Nissan holds 15% of Renault. In 2016,
Mitsubishi joined the alliance when Nissan bought a 34% stake in the company. The alliance was
managed through Renault-Nissan B.V., a jointly owned Renault and Nissan company based in
Amsterdam, the Netherlands
The less than grateful Nissan board were unhappy with The French control. There is an elaborate web of cross shareholding with the French getting favourable voting bias.
Suddenly Gnosn was denounced and arrested in Japan on charges he denies.
But now Gnosn has fled Japan.
Ousted Nissan boss Carlos Ghosn has said he is in Lebanon after fleeing what he called a "rigged" justice system in Japan, raising questions about how one of the world's most-recognised executives slipped away while on bail.
Mr Ghosn arrived in Beirut on a private jet from Istanbul on Monday
It's unclear how Mr Ghosn was able to leave Japan while on bail
He has accused Japan's legal system of denying basic human rights, which Japan denies
Mr Ghosn's abrupt departure marks the latest dramatic twist in a year-old saga that has shaken the global auto industry, jeopardised the alliance of Nissan and top shareholder Renault and cast a harsh light on Japan's judicial system.
"I am now in Lebanon and will no longer be held hostage by a rigged Japanese justice system where guilt is presumed, discrimination is rampant, and basic human rights are denied," Mr Ghosn said in a brief statement.
"I have not fled justice — I have escaped injustice and political persecution. I can now finally communicate freely with the media, and look forward to starting next week."