Does Nissan own Renault or Renault own Nissan?
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My recollection is that (to the detriment of Nissan) it is owned by Renault.
Say Lavvy, if you'll pardon the pun.
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If I don't reply it's nowt personal, I'm just working!
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It's a bizarre one, that.. Renault bailed Nissan out, but the deal is far from clear cut - Renault poured in a cash injection and took enough stock to get a say is Nissans affairs, but the deal left Nissan the opportunity to take a stake in Renault at some point in the future (which has now happened). Renault don't have a controlling stake, but they're not far off.
Useful linkage
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www.dieselnet.com/news/9903nissan.html
www.japantoday.com/gidx/news150202.html
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....ah. Thank you. That crosses that off the list. Now then, where's that Toyota catalogue.....
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I'm trying to think of a reason why Renaults part ownership of Nissan means you shouldn't buy a Nissan, but so far I've been unable to do so.
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An interesting mathematical - or statistical question.....
If Renault took a 50% stake in Nissan and Nissan took a 50% stake in Renault, would each, in effect, own 75% of the other?
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Michael
Dunno if your comment was TiC or not, but Nissan build reliable cars.
However, if we can get cars out of the pair of companies with Nissan reliablility and Renault (recent) design flair we will have some winners!
Andy
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"reinforce the mutual interests of both partners: it's the aim of the cross-shareholdings, which mean that each company profits from the performance of the other. Renault raised its stake in Nissan from 36.8% to 44.4% on March 1, 2002. On May 28, 2002 Nissan finalized its acquisition of a holding in Renault, taking its stake to 15% - without voting rights."
"The French State has announced it would lower its shareholding in Renault to 25%, to support the reinforcement of the Renault-Nissan group."
"- strengthen the strategic management of the Renault-Nissan group, by setting up Renault-Nissan BV, an equally-owned management company operating under Dutch law. Renault-Nissan BV is the strategic command structure of the Alliance in charge of coordinating its operations worldwide."
So Renault is 15% owned by Nissan, 25% owned by French gov, 60% by shareholders but Nissan have no voting rights. Nissan is 44.4% owned by Renault, but they are voting rights shares.
So in essence, Renault has Management control of Nissan.
Nissan is 44.
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It is widely known in the automotive industry that Renault wanted to get their hands on Nissan's engineering expertise.
Far from future Nissans being based on Renaults, it will be the case that Nissan engineering influences are injected into Renault.
Nissan are a global company and have engineering centres in (for example) the US and Europe (UK and Germany - now France too). Nissan are active in many more markets and have a much broader range of vehicles than Renault. For example they make V-8 powered pickups, a range of 4x4's, trucks etc.
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And I understand Nissan were in deep financial doo doo, and the guys at Renault needed a more global presence, so they dived into Nissan before they picked off by one of the global players.
It was also a French government policy. They needed to liberalise the car industry ahead of EU legislation. Casting Renault off on its own into the global market would have seen them dead in 10 years. So the Gov provides a large chunk of dosh to take a major stake in a global, well respected, but financially ailing company. Voila Renault/Nissan is born, and the Gov sells off its shares in the new company. It was a very clever piece of state aid. Pity our powers that be cant be half as inventive.
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Absolutely agree RF. The French have been very smart about this.
The British approach has been to throw government money at foreign companies and 'pay' them to set up factories here.
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So you're saying Nissan is 11.1% owned by the French Government? :-)
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So you're saying Nissan is 11.1% owned by the French Government? :-)
At this moment in time? Oi, Yes, Hai!
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I only asked because 2 pals and I are setting up a secondary hide-away retirement bolthole in the Northern Territory and we priced the Nissan Patrol ST 3500 as our choice for the resident 4 X 4 (1/3rd each) at Nelson Mandela Darwin back in July for December delivery. (It comes out marginally ahead of the LC on off-road performance and is cheaper as well so it missed out on the Luxury Tax bracket).
Our lead partner is a US naturalized Brit who took some persuading to consider Jap in the first place after years of seriously big US-built 4 X 4 trucks. His current is an F-350 7.3 litre diesel so you get the idea.
We were just about to wire our share of the money when he, having paid a deposit and having read the WSJ about the Renault stake in Nissan, panicked and said this damn thing doesn't have any French bits in it does it? Hopefully it's far enough and long enough away from the command centre not to have been the subject of such as yet.....
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Think you are on safe ground there G, not a trace of Createur in it at all. Is this the Northern teritories of Aus? I shall wave at you from north WA - going out there for crimble to see some family.
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Where in North WA. Port Hedland? Broome? Derby? Wyndham? Know 'em well. Used to work for the Dept of Native Affairs before it became PC with some grandiose bleeding heart liberal nomenclature on the abo settlements in Derby. Had to sign a form saying we wouldn't take pix or discuss our experiences with others. Well we did and we did, still have the slides. As for South WA if you find better wines than they make at Margaret River, please be prepared to do battle. Similarly if you don't think Perth is the most beautiful city in the Southern Hemisphere with the world's most perfect climate you've got a dispute on your hands. Sunset from Kings Park over the Swan River would melt a heart of stone.
Yes as for us we are in NT, Howard Springs, that's about 40 mins south of Darwin and next door to North WA by 1000 kms or so.
Back to motoring: interesting dodge by Nelson Mandela. The Toyota LC attracts luxury tax because it has the factory roo bar, the winch, towbar, all that s**t ready fitted.
Nissan on the other hand sell you the basic 3500 then send you down the road to their accredited accessory dealer who fits all this genuine factory ironmongery post-sale, thus ensuring you miss the luxury tax. The Aussies think this is really clever, the Filipinos laugh like hell because that's the first thing they would have figured.
I shall be back in Oz next month and I will raise a pitcher of Swan to your good health.
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Wifes family used to be school inspectors for WA,, so they have done every flyspec on the WA map and left progeny working as teachers all over the state. Yes we are doing Port Hedland and then south down to Carnarvon, Monkey Mia, some time in Freo and Bunbury, got see some family in Kalgoorlie and a week in Perth. Yes Perth is stunning. Trully. Wont be going to Rotness to see the quokers this time tho. Be good to drive on the old red dirt roads again - now they do know how to do cambers! Think you will also have to agree the old big red of WA is the biggest and meanest of all the Roo's and a thing you dont want to meet on the road at night!
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Yes, I'd forgotten the quokkas, only place they're found in the world I believe.
Freo:- I lived in South Fremantle when it was full of Italians and definitely not the place to be seen in. It was cheap. I had a Holden FJ which was so rotten underneath you had to keep the rear doors shut because if you opened them, you couldn't close them again. I worked for Goodyear in West Perth so commuted down the Stirling H'way every morning. One cold winter morning the FJ wouldn't start. The next door neighbour came out and tossed me the keys to his Falcon XR and said she's right mate I'm off today, take mine. Not too many places in the world they do that.
But I took that damn rustbucket all around H'way 1: 17,000 miles in 6 months across the Nullarbor and up the Gold Coast right up to Cooktown then back down and inland along the Barclay Highway where there was no road whatever in places; you just followed the tyre tracks, to Alice. One flat and one burnt-out valve. Paid $150 for the thing from a guy in Subiaco then sold it in Darwin for $100 to a sailor who wanted to do what I'd done but in reverse.
Also lived at John Street, right on Cottesloe Beach near the OBH.
You couldn't get a place for love nor money in that area now.
Johnnie Carr was our Sales Manager for the South West. He liked a glass or two of the amber nectar did Johnnie. One day he came into the office and swore blind a big red had charged out in front of him near Busselton, followed by his family (the roo's that is). He claimed he'd managed to miss them all but a small joey who was trailing the pack had jumped in through his open window and landed flailing around on the front seat, with the result that Johnnie had gone bush and that was how the company Holden's front end was all bashed up. Needless to say nobody believed a word of it, but our Johnnie used to score a few shouts on the basis of the story.
In Derby I had to drive a Bedford truck so needed a "B" license. I can't remember why this was but I had to go the police Station at Broome to collect it, several hours' drive. Take the truck and get yer pink slip mate. They'll give yers a bit of a test and you'll be right. But I don't have the licence yet. Ah, she's apples, who's gonna know, you'll be right. So I get to Broome and timidly approach the police station and announce I've come for my truck driving test. The resident constable is a Geordie who weighs about a hundred pounds, enormous gut bulging out of a singlet with braces hanging down over his uniform trousers, and a hand-rolled fag clamped in his jaws. "Drive that thing 'ere did yer?" "Yes, Officer". "Did tha hit anything on the wee?" "No, Officer". "Awreet, then, go insayd, an' me Missus'll make you a coopa while I type out yer licence."
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>>Back to motoring: interesting dodge by Nelson Mandela. The Toyota LC attracts luxury tax because it has the factory roo bar, the winch, towbar, all that stuff ready fitted.
Nissan on the other hand sell you the basic 3500 then send you down the road to their accredited accessory dealer who fits all this genuine factory ironmongery post-sale, thus ensuring you miss the luxury tax. The Aussies think this is really clever, the Filipinos laugh like hell because that\'s the first thing they would have figured.<<
Sounds just like it used to be in the UK in the 50\'s and 60\'s when purchase tax was applied to new cars but not to extras or accessories. So at the cheap end of the market things like heaters and even bumpers were extras to avoid the tax.
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