Renault surprisingly did not call the arrested boss, the real motivation of an attack on him
2 hours ago | Petr Prokopec
The reaction of Nissan's management to the misconceptions of Carlos Ghosit seemed exaggerated from the beginning, and now we probably know its reason. Ghosn wanted to connect Nissan to Renault, probably without losing support from the French.
The most-watched event in the current automotive world is not the improvement of Elona Muska on Twitter nor the efforts of the German DUH to eliminate diesel oil from the face of the earth. All the attention is paid to Carlos Ghosn. The head of the Renault-Nissan Alliance was arrested on Monday after being accused of financial machinations by the Japanese police. He had to grant lower income than he received, and also to abuse corporate assets. His back was supposed to cover up another senior manager, Greg Kelly & # 39; ego.
As we said yesterday, one thing does not fit into one thing, and this is the strange reaction of Nissan and its executive director, Hiroto Saikawa. Accusations of financial machinations are in the Western world one of the most serious and always damaging not only the person, but also the society with which he is associated. It is so common that any scandal is kept as close as possible to the cover, but in this case the company made a mistake before the formal accusation (though not by the court) by the rest of Ghosna's leadership, and Saikawa himself built it in a bad light at an impromptu press conference.
It is strange, also because Nissan must be grateful to Ghosnow. Without it, today may not even exist, thanks to the rescue of the company, the French manager has even become a hero of comic books. However, Saikawa had a short contract with him at a press conference – he confessed some merit, but that's all. To a large extent, he devoted himself to the great risk resulting from the concentration of excessive power in the hands of one person. And that such a culture is unhealthy and must be eradicated.
Saikawa was speculating that he and he were in charge of the Japanese administration, which took advantage of the situation, and Ghosno made a mistake that had to be known to other people in the company for years. They also record the circumstances of his arrest. The Japanese authorities have clearly understood when and where the head of the Alliance will be located. One of the investigative teams was waiting on Monday at Haneda airport in Tokyo, where from the fourth to the fifth a Ghosn jet was aboard.
Investigators could even enter the airport area and get to the plane immediately after landing. Ghosn had to start answering the first questions only a few minutes after reaching the Rising Sun. Only for a few hours did Nissan and Saikawa know he was completely guilty and would like him to be released from all functions tomorrow. In addition, Kelly, who was to be "deeply permeated" in the whole case, should also get a parachute.
But why would Nissan deprive the architect of his success in this way? In the previous article, we said a lot, we can add details that further support the coup theory.
However, we must go back to the nineties, when Nissan was the main global car manufacturer, but it was out of ears in debts and troubles. Only three out of 46 domestic cars were profitable and the factories were not fully capable. That's why Nissan sought support wherever he could. In the end, the helper arrived with a much smaller Renault covered by the French government. Both producers agreed to cooperate, which none of the parties could refuse. The French arrived with a handful of money, which was additionally increased by the government, the largest shareholder of Renault. They got 36.8 percent of Nissan and founded their own CEO as their boss.
This man was none other than Ghosn, who soon returned to profitable waters. It was expected that he would perform the same service for Nissan, but he had all the courtship and allied formation under the baton. In the previous sentence, the word "alliance" is important because there was no connection between French and Japanese car manufacturers. Instead, there was a slightly narrower form of cooperation in the world – both companies were separate, self-employed and self-governing.
Ghosn immediately joined mass orders that included the closure of five factories and the release of 14 percent of all employees. However, these difficult resources paid off, and Nissan made a profit in the first year after the alliance. In three years, the Japanese car maker climbed one of the most profitable producers because its profit margin was 9 percent, which is twice as much as usual.
At this point, however, the alliance became a problem for the Japanese side. Nissan's sales, almost two-thirds, exceeded the Renault registration, the French were at the forefront. The Japanese basically only managed to buy a 15 percent stake in the contractor. But he also did not give them the right to vote. No wonder that the brand's leadership was dissatisfied and dreamed about independence.
In turn, Ghosn was heading in the opposite direction, instead of greater autonomy of the Japanese side, striving to combine both cars into one group. And, according to internal information, he has worked hard in this task over the past few months, and his trip to Japan has been about him all. The head of the Alliance planned to take further steps to further strengthen the bond. Nissan, however, did not want to be a "stable two".
The board of directors of the Japanese car manufacturer should therefore look for any options that could prevent this merger. He seems to have found a justification for using corporate resources and concealing real earnings. Mistakes are probably not fictional, but think about how important Ghosn's business benefits are.
According to unofficial information, Nissan's money had to buy homes in Rio de Janeiro, Beirut, Paris and Amsterdam, where the company had no business interests and used it for its own private purposes. But they were Nissan's property and it is very likely that they are much more valuable today than when they were bought – that's what they do with real estate.
The details of this part of the case are still unknown, but more is known about the "limitation" of income. This is not a tax fraud, but in Japan a fairly common trick, when the great money makers do not publish their full income, because they are condemned by society. Ghosn was regularly targeting his salary, which is beyond Japanese standards, but in the global context was no exception, quite the contrary. Apparently, it was about maintaining a better image and calming the turbulent waters.
Although this behavior is not legal, it is not unique in Japan and is generally subject to a fine of up to 1.6 million CZK. This should not be the reason for the hysteria Nissan presented on Monday. The fact that this happened only indicates that speculation about the internal fire is not exaggerated. The rest of the leaders who started an internal investigation and gave everything to the authorities were the same people who informed the police about Ghosna's travel plans.
The fact that the situation is not as obvious as Nissan put it, suggests a reaction from the French side. A few hours ago, it seemed that Ghosn was the ultimate past in the heads of all the heads of an armed boss, and was usually deprived of business. But the Renault Board refused to appeal to him and publicly stood by him, despite the will of some French politicians. Despite his arrest, Ghoson remains the chairman of the board of directors and executive director of Renault and France after Nissan to declassify the conclusions of the internal investigation that led to the arrest.
In order for Renault to remain operational, he has appointed Thierry & # 39; ego Bollore & # 39; to Ghosna, who has the same rights and will be the car manufacturer for the time being. Bollore is the protector of Ghosnov and according to all information he had in 2022, when Ghosn expired, he was to replace the car and the alliance. But if it takes Renault so long, it is not clear in the current situation. However, the fate of the alliance is also unclear. All this is probably because the Nissan leaders have not thought that the Japanese car maker will lose its independence.
Carlos Ghosn saved Nissan, but now he wanted to connect Renault to one company
The Japanese, led by Hiroto Saikawa, opposed the loss of independence, probably using all minor Ghosno mistakes to get it from the helm. As Renault's main shareholder, he perceives the situation similarly, so Ghosno stopped her despite being arrested
Sources: Financiao Times, Auto News