Tag Archives: Nissan

Business this week

Business this week

Ren Zhengfei, the founder and boss of Huawei, said he was considering selling his company’s 5G technology, which has become a source of tension between America and China. The Chinese maker of telecoms equipment has in effect been locked out of the American roll-out of 5G because of national-security concerns. Mr Zhengfei suggested Huawei would share 5G patents with …

Sayonara | Nissan loses another leader to financial impropriety

Sayonara | Nissan loses another leader to financial impropriety

The Japanese carmaker will have trouble shaking off a reputation for corporate misgovernance CARLOS GHOSN may have allowed himself some Schadenfreude this week. On September 9th Hiroto Saikawa fell on his sword after he, like Mr Ghosn, faced accusations of financial impropriety. Last November Mr Saikawa, chief executive since Mr Ghosn stepped down from that role in 2017, …

Free-for-all · What free ports can and can’t achieve

Free-for-all · What free ports can and can’t achieve

Boris Johnson wants ten new tariff-free zones to help post-Brexit trade. Will they work? THE VAST, bulbous-bowed Höegh Autoliners car-carrier, with room for 6,500 vehicles, takes up the space of three normal-sized ships in the Port of Tyne. Inside are several thousand shiny new Nissan Leafs, Qashqais and Jukes bound for the continent. Newcastle’s deep-sea …

Business this week

Business this week

America’s Justice Department announced a broad antitrust review of the market power of online platforms in search, social media and retailing. That increases the pressure on Amazon, Apple, Facebook and Google to improve their behaviour as the calls from some Democrats to break up those companies grow louder during the election season. Meanwhile, the Federal Trade …

Business this week

Business this week

Tensions in the alliance between Renault and Nissan were on display at the latter’s annual shareholders’ meeting, the first since the arrest on financial-misconduct charges of Carlos Ghosn, who ran the alliance. Nissan’s investors directed most of their ire at Jean-Dominique Senard, Renault’s chairman, who has pushed for a full merger with Nissan and had threatened to scupper changes …

Business this week

Business this week

The proposed merger of T-Mobile and Sprint, first floated in April last year, faced a fresh hurdle as a group of American states led by California and New York launched a lawsuit to block it. The states are challenging the deal because it is “exactly the sort of consumer-harming, job-killing mega-merger our antitrust laws are designed to prevent”, …

Business this week

Business this week

Fiat Chrysler Automobiles confirmed that it was seeking a merger with Renault, a combination that would create the world’s third-largest car company behind Volkswagen and Toyota. FCA and Renault hope the merger will save cash to bolster investments in electric vehicles and self-driving cars. But Renault is also in a close partnership with Japan’s Nissan and Mitsubishi. That …

Building a juggernaut Fiat Chrysler seeks a merger with Renault

Building a juggernaut Fiat Chrysler seeks a merger with Renault

Making it work will be tricky THE RISE of the SUV shows that carmakers have persuaded many customers that bigger is better. Renault and Fiat Chrysler Automobiles (whose chairman, John Elkann, sits on the board of The Economist’s parent company) are hoping to convince investors that the same is true of carmakers. On May 27th FCA, an Italian-American firm, said …