Trattativa Renault-Fca

[iDrive]

Renault ha anche la tecnologia MHEV addirittura sui Diesel. Vedi Scenic.

 

Comunque, non si deve scordare di Nissan, che dovrebbe sempre far parte dall'alleanza, solo che non sara piu alleata a Renault, ma al nuovo Gruppone "FC-R".

 

Farebbe un reale colosso di 15.4M di auto l'anno, e farebbe di EXOR (che avrebbe quote di maggioranza con doppio voti sia in FCR che in Nissan) un colosso mondiale. EXOR e proprieta di Giovanni Agnelli and Co (o come si chiama) che e societe Italiana comunque, che controllera EXOR (Olanda), "FC-R" (Olanda-UK) e Nissan (Giappone), oltre a tutto il resto, dalla Juve a Ferrari...

 

FC-R/Nissan avrebbe anche posizione strategiche molto equilibrate, con ~5M di auto in Americas (con piu peso di FCA), ~5M di auto in EMEA (con piu peso di Renault), ~5M di auto in APAC (con piu peso di Nissan).

[pennellotref]

https://www.bloomberg.com/news/articles/2019-05-28/marchionne-s-spirit-looms-in-merger-plan-his-disciple-drove-home

 

Cita

A few hours after revealing a combination that stands to reshuffle the global automotive industry, John Elkann appeared at Bocconi University in Milan to tout the virtues of a merger between Fiat Chrysler Automobiles NV and France’s Renault SA. It’s a familiar venue and a familiar line for the leader of Italy’s preeminent industrial dynasty. A decade earlier in January 2009, Elkann had stood in the same place to announce Fiat’s takeover of Chrysler.

 

 

And like last time, the underlying motivation is the same -- to build scale that helps insulate carmakers against the shocks raining down on the industry. The types of impacts, however, are new: electrification, autonomous driving, a new breed of drivers questioning the need to own a car, and rivals that a decade ago hardly existed, like Alphabet Inc.’s Waymo or Tesla Inc. But now as then, the urge is to make an audacious bet or risk being swept away by the wave of change, Elkann said.

 

 

"We acted with courage, as we did in 2009,” he said Monday in his first public comments after Fiat Chrysler announced the deal with Renault, a 50-50 ownership through a Dutch holding company that instantly won the blessing of investors in both companies and a warm response from other major stakeholders, including battle-hardenend French workers.

 

 

But one element was notably different, or rather, absent: the push for consolidation had been championed for a decade not just by Elkann, but even more relentlessly by Sergio Marchionne, the larger-than-life Fiat Chrysler chief executive officer who died suddenly last July following an illness.

 

 

Strange Bedfellows

The two made an odd couple, the hard-charging Marchionne and the boyish, floppy-haired Elkann. But they were bound in a common mission, touring the globe with their message that carmakers should join forces and embrace combinations rather than what they saw as wasteful duplication of the same technologies. Following a frosty reception for their idea across the Atlantic, the bride ended up residing much closer to home, just across the Alps. Elkann, now flying solo, shuttled back and forth between Turin and Paris on his private jet to get the deal of his lifetime across the finishing line.

This story is an account of people involved in the negotiations for the planned combination of Fiat Chrysler and Renault, a merger that aims to create the world’s third-biggest carmaker. They spoke on condition of anonymity discussing private matters. The companies declined to comment on details of how the transaction came together.

For years, Fiat Chrysler had made no secret of the fact that it wanted to play an active role in consolidation. Renault, for its part, also realized that it was too small alone to withstand rising market turbulence. The carmaker is a notable force in electric vehicles and has a strong link to Asia thanks to its alliance with Japan’s Nissan Motor Co., but it’s absent in the crucial U.S. market, an open flank that a link-up with Fiat Chrysler could shore up.

Ghosn Gone

There’s another element that Renault shares with Fiat Chrysler: the loss of its biggest champion of growth and expansion. Carlos Ghosn, the carmaker’s former CEO and the head of the Renault-Nissan alliance, had fallen from grace since his arrest in November in Tokyo on allegations of financial misconduct (which Ghosn denies). As a consequence, the future of the alliance began looking in peril, as Ghosn’s time in detention wore on and none of the executives who remained had the clout to force the consolidation plan he had plotted.

Nissan’s resistance to embrace a full merger between the partners, coupled with a steep decline in earnings at the Japanese manufacturer, heightened Renault’s urgency to push ahead on an alternative path.

Jean-Dominique Senard, a well-connected French executive handpicked by the French government from tiremakerMichelin, replaced Ghosn and quickly realized the magnitude of the task on hand to repair frayed relations with Nissan. But by the end of April, it was clear Renault’s push for a full-blown merger with the Japanese partner had reached a dead end.

Many Dinners

Looking for another option, Senard found an eager partner in Elkann. As talks about a possible combination picked up speed in recent weeks, the two men frequently called one another on their mobile phones and visited each other to discuss the finer points of a possible deal over meals.

 

Elkann, who spent parts of his studies in France and speaks the language fluently, isn’t a stranger to the country’s car industry. For some time, Fiat Chrysler had entertained a partnership with PSA Group, the maker ofPeugeot and Citroen cars. But the prospect of getting such a deal done proved too arduous. PSA would mean major job cuts and plant closings -- a turnoff for labor and politicians who will ultimately pass judgment on any deal. With France enduring months of violent street protests against social inequality, there was little appetite in the political elite to get behind job losses and factory closings.

In the end, the two sides couldn’t agree, and talks fell through abruptly in mid-April, giving Senard and Renault another stab at forging ahead instead. Initial contact with Elkann quickly turned into a more formal conversation as both sides realized the complementary nature of a combination. Renault promised a fleet of electrified cars, and Fiat Chrysler access to the U.S. market.

It’s a prospect that Fiat Chrysler played up when it made the announcement on Monday, touting the promise of joint annual synergies to amount to more than 5 billion euros ($5.6 billion), coming from areas such as purchasing power.

Code-named “Newton,” talks quickly progressed over a set of dinners involving the two executives, who managed to get the accord worked out at a crucial date during which they agreed on main terms. With voting already underway for elections across large swaths of Europe in the latter part of last week, the parties agreed to wait until after the outcome of the elections. Both in Italy and in France in particular, the political stakes were high, with the rightist League party of Deputy Premier Matteo Salvini and France’s Marine Le Pen seeking to solidify their positions.

The French government, Renault’s biggest shareholder, quickly rallied behind the idea of the two companies joining forces. Finance Minister Bruno Le Maire met last week with Senard to discuss the proposal, government spokeswoman Sibeth Ndiaye said on BFM television Monday, saying that Europe needs to have what she called “industrial giants.”

Salvini, too, who initially threatened to intervene, later gave his blessing -- but only after upgrading Fiat’s no plant-closing pledge to a promise not to cut jobs, telling Agence France-Presse he trusts the deal “will safeguard every job in this country.”

Meeting in Japan

Since Marchionne first published his iconoclast views in "Confessions of a Capital Junkie" in 2015, Renault was seen as one of the best fits for Fiat in terms of cost saving and sharing investments. That doesn’t mean there aren’t hurdles. The carmakers are moving ahead without Nissan and Mitsubishi Motors Corp., the other member of their troubled alliance. Fiat has conditioned the merger talks on Renault agreeing not to pursue a transaction with Nissan in the short term, though the Japanese company would be welcome to join the merged entity later.

Senard will get to feel the Japanese temperature this week when he travels to Asia for a board meeting of the Renault-Nissan alliance, the first time since Renault’s partner of two decades was told of the pending deal with somebody else.

Elkann, for his part, touted his company’s track record in pulling off the integration of two companies. After all, Chrysler was the cast-off of another failed merger, with Germany’s Daimler, which struggled in vain for years to make the combination work. Speaking on Monday in Milan, he said the success of that combination, coupled with a common heritage, are two of the main ingredients that made Fiat Chrysler push ahead with Renault.

“The Chrysler experience encouraged us to look at what we can do together,” Elkann said. “Fiat was founded 120 years ago, Renault too. My family has been associated with the auto industry since then."

 

[Bosco]

3 minuti fa, iDrive scrive:

 

Farebbe un reale colosso di 15.4M di auto l'anno, e farebbe di EXOR (che avrebbe quote di maggioranza con doppio voti sia in FCR che in Nissan) un colosso mondiale. EXOR e proprieta di Giovanni Agnelli and Co (o come si chiama) che e societe Italiana comunque, che controllera EXOR (Olanda), "FC-R" (Olanda-UK) e Nissan (Giappone), oltre a tutto il resto, dalla Juve a Ferrari...

 

 

Exor non avrà diritto di voto doppio, e comunque la società capo di tutta la roba Agnelli (compreso quindi Exor) ha sede in Olanda.

 

Lo stato francese non ha comunque alcuna intenzione di disimpegnarsi dalla Renault, anzi chiede garanzie sulla governance .... per cui a comandare non sarà solo la Exor

[Bare]

14 minutes ago, iDrive said:

Renault ha anche la tecnologia MHEV addirittura sui Diesel. Vedi Scenic.

 

Comunque, non si deve scordare di Nissan, che dovrebbe sempre far parte dall'alleanza, solo che non sara piu alleata a Renault, ma al nuovo Gruppone "FC-R".

 

Farebbe un reale colosso di 15.4M di auto l'anno, e farebbe di EXOR (che avrebbe quote di maggioranza con doppio voti sia in FCR che in Nissan) un colosso mondiale. EXOR e proprieta di Giovanni Agnelli and Co (o come si chiama) che e societe Italiana comunque, che controllera EXOR (Olanda), "FC-R" (Olanda-UK) e Nissan (Giappone), oltre a tutto il resto, dalla Juve a Ferrari...

 

FC-R/Nissan avrebbe anche posizione strategiche molto equilibrate, con ~5M di auto in Americas (con piu peso di FCA), ~5M di auto in EMEA (con piu peso di Renault), ~5M di auto in APAC (con piu peso di Nissan).

 

No double votes for a new company but they may (re)gain them. Nissan will also have a right to vote. In any case I believe that Exor will buy more shares with ones owned by French Government as the most obvious choice. Who knows, maybe Nissan is also willing to sell its part. 

[shadow_line]

se vogliono sopravvivere tutti devono fare un merger per forza, anche con nissan che vuole riprendersi capacià decisionale dopo aver detto che ghosn ha fatto troppi errori

creare una specie di trilaterale ma con una certa capacità di definizione globale piú italiana anche se non marcata come faceva ghosn in nissan, perché comunque tra tutti e tre e anche con gli americani chi ne capisce di piú di automobili sono ancora gli italiani

[gianmy86]

Per chi volesse farsi un po' di sangue amaro (o per qualche altro che scrive qui una bella sega bimane) ci sono un paio di articoli deliranti del Fatto Quotidiano.

 

 

 

 

Io aggiungo solo una cosa: sento parlare di morte di Fiat e fine dell'auto italiana, quindi tocca ribadire.

Ma che ce ne frega se in Italia si produrrà solo Fiat 500, Alfa e Ferrari, se abbiamo possibilità di produrre Jeep e altro? (che per me, Jeep è un marchio italiano al 100%)

 

E di avere una Renault italiana, non dico al 100%, ma anche solo al 30% (un pianale qua, un motore là....) francamente non mi fa minimamente schifo.

Condivido le preoccupazioni a trattare con i francesi, certo, e non crederò a questa "fusione" finchè non ne vedrò i frutti, ma confido che veramente Renault sia nella situazione di essere presa per le palle (iso Chrysler, per intenderci)

 

E riguardo a John Elkann, ringraziamo il cielo che non sia come il nonno, o banalmente come il fratello. E' un Supermegadirettore che sta lì a sceglierne e valutarne altri, e non deve far altro che quello. E pare inoltre lo stia facendo bene. Molto bene.

[nucarote]

2 minuti fa, gianmy86 scrive:

... banalmente come il fratello....

 

Se il fratello non si bombava troppo pubblicamente, poteva essere un buon uomo prodotto. 

Comunque JE in questa vicenda rischia di superare il suo "maestro".

[__P]

27 minuti fa, Bosco scrive:

 

E cosa vuoi pretendere verso un'azienda privata? Parole? 

Lo stato francese è primo azionista di Renault, ovvio che ha più voce in capitolo. 

 

 

Beh intanto puoi permettere a questa azienda, come a tutte le altre che operano in Italia di poter lavorare con dei costi industriali accettabili...

Se il sistema paese non è competitivo, non è solo colpa di chi ci opera eh ??‍♂️

[gianmy86]

8 minuti fa, lukka1982 scrive:

non è solo colpa di chi ci opera eh ??‍♂️

 

Pure tu, eh!

Ma che vuoi andare a favore degli Agnelli? Quelli che quando guadagnano, guadagnano loro, quando perdono, perde lo Stato?

Quei disonesti, sfruttatori, aguzzini, mangiapane a tradimento, juventini caccapupù e affiliati di casa Savoia?     

[SoUlSnAkE]

1 ora fa, stev66 scrive:

 

Vero, ma chi l'aveva scelto e poi si è fidato dandogli in mano tutto il pacchetto ? 

Anche saper fare un passo indietro a volte è sintomo di gran capacità.

 

P.S. il secondo che tu citi conta come la neve dell'anno scorso . Sia come capacità sia come proprietà.

All fine le decisioni le prende JE, nel bene e nel male .

 

no fu umberto agnelli a metterlo al comando je era appena un ragazzo