Thu, May 12, 5:26 AM
- In a possible realignment of the eight-player Japanese car industry, Nissan (OTCPK:NSANY) will become the controlling shareholder in scandal-hit Mitsubishi Motors (OTCPK:MMTOF), taking a 34% stake in the company for $2.18B. A final agreement is expected by May 25, and Nissan is expected to get representation on the Mitsubishi board proportional to its stake, along with the chairman slot.
- "Nissan is determined to preserve and nurture the Mitsubishi Motors brand. We will help this company address the challenges it faces, particularly restoring consumer trust in the fuel-economy performance,” says Nissan CEO Carlos Ghosn.
Dec. 15, 2015, 3:53 AM
- After settling a dispute with the French government over the balance of power in their car-making partnership, Renault (OTCPK:RNLSY) and Nissan (OTCPK:NSANY) will step up integration without moving toward a full merger.
- "I don't think we're ready," alliance chief Carlos Ghosn told reporters. "Yeah, I know the markets want a merger. It's not only about the market. It's about the sustainability of what we're doing."
Nov. 9, 2015, 4:44 AM
- Following a week of mounting tensions over the role of the state in automaker Renault, French Prime Minister Manuel Valls said Sunday he is opposed to a full merger of Renault (OTCPK:RNLSY) and Nissan (OTCPK:NSANY), but wants to "preserve the alliance."
- The two companies have been in a tech and capital partnership since 1999, making it one of the most enduring tie-ups in the sector. Renault holds a 43.4% stake in Nissan, while one of its subsidiaries controls 15% of its French partner.
- Renault shares -2.7% in France.
- Previously: French government pushing for Renault-Nissan merger (Nov. 04 2015)
Nov. 4, 2015, 1:15 PM
- French Economy Minister Emmanuel Macron is applying pressure on partners Renault (OTC:RNSDF, OTCPK:RNLSY) and Nissan (OTCPK:NSANY) to push ahead with a full merger, according to Reuters.
- The French government owns a sizable stake in Renault and significant votinr rights. Previous French administrations have opposed a combination of the automakers under one corporate umbrella due to Nissan's larger scale, but Macron is focused on a deal that would keep jobs in France.
- Shares of Renault rose 2.6% today in Paris trading.
Sep. 5, 2015, 12:02 PM
- News in the automobile industry this week continues to indicate seismic changes are coming.
- The Silicon Valley factor: A deeper commitment by Apple and Google in the automobile sector is widely anticipated, although an all-in bet on the manufacturing side is still considered a reach. Key acquisitions, partnerships, or joint ventures in software, self-driving technology, and infotainment systems could sort out the winners from the losers. German players BMW (OTCPK:BAMXY) and Mercedes-Benz (OTCPK:DDAIF) could be in the mix.
- The Sergio factor: Though the Fiat Chrysler Automobiles (NYSE:FCAU) CEO continues to make some bold projections on the powerful merger synergies a tie-up with General Motors (NYSE:GM) would create, his math works for other combinations within the industry as well. Nissan (OTCPK:NSANY), Tata Motors (NYSE:TTM), Honda (NYSE:HMC), and Volvo (OTCPK:GELYF) are each struggling in various markets.
- The Tesla factor: Tesla Motors (NASDAQ:TSLA) has engaged in a war of words with Toyota (NYSE:TM) in the electric vs. hydrogen debate. The EV automaker is also in a race with General Motors and Nissan over developing a mass-market EV with the driving range and sticker price to sell at scale. There's also been a tug-of-war over employees with Silicon Valley counterpart Apple. With so many enemies, some analysts think Tesla needs more friends in the space. Who has the ~$40B-$50B to buy out Elon or the moxie to strike a strategic partnership?
- Looking for a wildcard? Sony (NYSE:SNE) CEO Kazuo Hirai told the Financial Times this week that his company would absolutely partner with an automobile company if a deal makes sense.
Jan. 6, 2015, 8:20 AM
- The spinoff of Ferrari could give Fiat Chrysler Automobiles (NYSE:FCAU) enough breathing room to seek a merger partner, according to auto industry analysts.
- The rising cost of developing clean cars in Europe and the U.S. sets the stage for automakers to join forces through mergers and extended partnerships.
- "Eventually it must happen," notes FCA chief Sergio Marchionne on the topic of mega-mergers.
- No company is too big to be ruled out of the merger discussions due to the benefits of scaling investment costs and matching strengths/weaknesses in Europe, Latin America, China, and the U.S, note insiders.
- Automakers: GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:FUJHY, OTCPK:MMTOF, OTCPK:PEUGF, OTC:RNSDF, TTM, KNDI. OTCPK:SZKMY, OTCPK:MZDAY.
Jun. 26, 2014, 4:53 AM
- Confirming earlier reports, Daimler (DDAIF) and Nissan (NSANY) have completed a deal establishing a 50-50 joint venture at a Nissan plant in Mexico.
- Since 2010, Mercedes, Nissan and Renault (RNSDF) have shared engines, plants and vehicle architectures, and the new agreement further forges the German automaker's bond with the Renault-Nissan alliance.
- Advantages of the venture include expanding Nissan's Infiniti models by adding more shared Mercedes parts, and Daimler can now set up a North American production line for its "MFA" vehicle architecture, while lowering development costs.
- DDAIF -0.1% AH
Jan. 2, 2013, 8:12 AM
Molycorp (MCP) +7.3% premarket, as the company’s low valuation and the chance to lock in rare-earth resources could make it a potential takeover target, Bloomberg reports. Analysts say manufacturers from Nissan (NSANY.OB) to Siemens (SI) could be interested, and shares could fetch $15 in a takeover.| Jan. 2, 2013, 8:12 AM | 1 Comment