After Nissan, the potential American comeback of Renault | EUROtoday
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VTwenty-five years after the signing of the settlement between Renault and Nissan, we will focus on the theme of “all that for that”. The announcement of a possible merger between Nissan and Honda sounds each like a return to self for the Japanese however maybe additionally a deliverance for the French. He nonetheless owns 35.71% of Nissan, together with 17.05% held straight and an extra 18.66% held in a belief.
In whole, this might symbolize a jackpot of 1.33 billion euros from the sale, Renault having already regularly withdrawn from the 45% it held in Nissan. This would signify the failure of a tandem which has by no means managed to work collectively. It was an unnatural affiliation that the Ghosn affair ended up cruelly illustrating.
Carlos Ghosn didn’t fail to touch upon Nissan’s new route, estimating in an interview with Bloomberg that his ex-partner, cornered by severely falling outcomes, is in “panic” mode. Deeming this merger “surprising from an industrial point of view”, the previous CEO of Renault-Nissan emphasizes that the technique of future companions can’t work with an identical ranges and function in the identical markets with the identical approaches. An opinion which shouldn’t be very removed from that of Boulogne-Billancourt, which till then provided Nissan a extra complementary construction: Asia and the United States for the Japanese, Europe for the French. But the cultural and managerial hole has by no means been crammed by Japanese bruised by having been rescued by the French.
Renault might discover itself alone with its 2.4 million vehicles produced per 12 months (in comparison with 3.4 million for Nissan and 4.2 million for Honda). But this could not final very lengthy because of Luca de Meo, the boss of Renault, who’s main the restoration technique of the diamond model illustrated by Anatomy of a comeback, the superb collection broadcast on Prime Video. It is in reality a query of sustaining the crucial measurement, that which makes it potential to barter with suppliers so as to acquire the most effective costs as shortly as potential.
Foxconn, the brand new dragon of Taiwan
At this level, Renault may have no drawback promoting its shares to Foxconn, for instance. This Taiwanese large certainly goals to develop into an vehicle producer. Already rejected by Nissan, he might come again by way of the window and persuade with stable arguments. Subcontractor of Apple, Sony and Nintendo, Foxconn intends to mimic from China the place it’s established the Chinese scarecrow BYD, world number one in electrical vehicles, and particularly the newcomer, Xiaomi, specialist in cellular telephony like him, who introduced his first automotive, the SU7 sedan, on the Beijing Motor Show in 2024. Apple itself, which as soon as thought of taking the plunge, will undoubtedly be jealous of its provider who, for his half, dared do it.
How might the continuing collaborations between Nissan and Renault proceed? Vehicles whose manufacturing has already began or whose design is coming into its ultimate section, such because the Nissan model of the electrical Renault 5, will undoubtedly be continued. But for the way lengthy? Because Honda appears to have the playing cards in hand to guide the alliance it might enter into with Nissan. With an working revenue up 77% during the last monetary 12 months, Honda is browsing because of the American market, however is lagging far behind China and the electrical automotive. In 2022, he created a model with Sony to supply electrical vehicles, Afeela, however has nonetheless not introduced any automobiles.
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A 3rd thief might be added to this 100% Japanese affiliation: it’s Mitsubishi, which should in flip declare itself in January 2025. All this represents so many weakened partnerships for Renault, which should flip to a number of others builders that he’s nonetheless struggling to search out. The resolution is maybe on the opposite aspect of the Atlantic, with GM or Ford which, each struggling on the electrical aspect, can convey their expertise of the American market which Renault lacks a lot. Stellantis settled the issue with Chrysler and Jeep, which offered most of its income till 2024 earlier than turning round and forming the air gap that induced the ouster of Carlos Tavares.
Renault can, with its electrical division Ampère, accommodate a number of companions that it’s sorely missing. The future Honda-Nissan alliance, which ought to come to fruition in the summertime of 2026, might additionally resolve to contribute to Ampère if Foxconn doesn’t obtain its objectives. On the opposite hand, the settlement reached with the Chinese Gelly on the Horse division for the research and provide of thermal engines seems to be a shocking Trojan horse. In the collection Anatomy of a comebackLuca de Meo means that there’ll nonetheless be surprises. No doubt he was pondering specifically of this Nissan avatar, a bit of historical past ignored within the collection. The subsequent chapter stays to be written.
https://www.lepoint.fr/automobile/apres-nissan-le-possible-come-back-americain-de-renault-27-12-2024-2578726_646.php