Renault and Nissan brewing and merging global car structure may shake
Renault France is deepening its collaboration with Nissan Motors, potentially reshaping the global automotive industry. Five years after forming a strategic alliance, Renault is set to release more integrated financial reports and expand joint operations with Nissan. The two companies are moving toward a more unified structure, with plans to operate as a single entity starting next year under the leadership of Carlos Ghosn. He will succeed Louis Schweitzer, who has served as Renault’s chairman, while Takashi Kume, who played a key role in reviving Nissan, will remain as CEO of Nissan. Schweitzer will continue as a non-executive chairman at Renault.
The combined Renault-Nissan group holds a significant share in the global market. Nissan excels in the U.S. and Japanese markets, while Renault has a strong presence in Europe. However, both companies will still compete against each other in certain regions, such as Europe. In a recent interview, Schweitzer mentioned that the two firms have already achieved joint development and revenue sharing, but they plan to work even more closely together. He believes that Renault can enhance its performance by entering new markets, possibly returning to the U.S. market, which it left over 20 years ago, sometime after 2010.
Until now, the two companies have published separate financial statements, but Renault owns 44% of Nissan’s shares, while Nissan holds 15% of Renault’s. According to data from Renault’s website, the combined sales of the two companies in 2003 reached 90 billion euros (around 109 billion U.S. dollars), with operating profits of 7.8 billion euros. Renault aims to gradually release more consolidated financial data, breaking down sales by region and product, giving investors a clearer view of how the two companies perform against other major automakers.
According to a London-based auto analyst at Deutsche Bank, Ridder, a successful merger between Renault and Nissan could lead to cost reductions, improved profitability, and increased pressure on other car manufacturers. The revenue figures show that, after becoming a group, the two companies had the potential to reshape the automotive industry. In 2003, Renault and Nissan sold 5.4 million vehicles worldwide, rising from the bottom of the top ten automakers to the fifth largest, surpassing the 5 million vehicle sales mark.
Milling Services for Metal Parts,Precision Brass Machining,Brass Metal Milling Parts,Brass Cnc Machining Service
Mianyang ZHIWELL Electronics Co.,Ltd , https://www.micrommf.com