The board of directors of Renault and Nissan both showed a positive attitude toward the cooperation between the two parties: "Welcome GM to join our alliance," the two sides said in a statement. If things go well, these three major auto makers will have a 22 to 25% share of global autos and become a true giant.
To the white building, he smiled proudly.
Next to his own majestic MGM Grand, this building with 5005 deluxe rooms, from time to time, heard the laughter, noise, and cries that were typical of the nights in Las Vegas. It didn't seem to affect him. He is still smiling.
At this moment, the time stays on June 30, 2006.
After waking up from the good memories, Kirk Kerkorian smiled and disappeared into the extravagant nights of Las Vegas. Judging from the pace, he does not seem like an 89-year-old man.
The good mood in Las Vegas quickly spread throughout the world. Then it was shocked, feared, cursed, longed for, spurned...
Different expressions are written on each person's face. They are still repeating the old question: The old man who is nearly 90 years old this year is a devil or an idle dreamer; a fox or a tiger; a liar or a human sperm. Sixteen years ago, when Kirkruyan began acquiring shares of Chrysler Motors, people began to talk about him; eight years ago, when Kirkruyan planned to acquire Chrysler, Wall Street and Detroit began to question him; eight years later today, this The scene repeats itself again, and he is still the protagonist.
On the last day of June, Kirkruin planned the GM-Renault and Nissan Automobile alliances in Trastinda's office, and Renault and Nissan hope to acquire a 20% stake in GM. With 9.9% of the shares held in his hand, Kirkruyan has written to Wagner to discuss the matter on behalf of GM management.
Afterwards, Keke Ryan's control of the Trasenda company gave Renault and Nissan's number one person Luis Schweitzer and No. 2 figure Carlos Ghosn what he should have done.
All this was so sudden that Wagner did not have time to react in time. Then automakers such as Daimler Chrysler, BMW and Toyota all raised different levels of objections. The industry personnel from Detroit, Paris, and Tokyo are also mixed. Just as Dai Ke once said, "For them, whether or not the alliance is not the key, the important thing is the matter itself."
And Kirkruin and Ghosn are ready.
In mid-June, when Ghosn attended the inauguration ceremony of the Nissan North American headquarters in Tennessee, he and Kirk Ryan had already discussed GM's participation in the Renault-Nissan Alliance. Among them, Kirkruyan’s representative to General Motors, Jerry York, has been doing a series of back-up work for the two people.
On the day of the announcement, Kirk Ryan's stock rose sharply. He immediately earned $1.316 billion, but compared with his investment of $1.69 billion, this is not perfect. However, things are moving in the direction he expected.
The board of directors of Renault and Nissan both showed a positive attitude toward the cooperation between the two parties: "Welcome GM to join our alliance," the two sides said in a statement. If things go well, these three major auto makers will occupy 22% to 25% of the world's automobiles and become a real giant.
On July 15th, Ghosn and Wagner started discussions on cooperation between the three parties: technology, procurement, and platform became the focus of the conversation. What's more crucial is that Ghosn wants to buy more than 20% of GM’s equity. “The scope of our cooperation should be more Extensive," he said. In this way, Wagner and Ghosn are undoubtedly the most attractive traders in this world-shocking event.
At this time, Keke Ryan and Louis Schweitzer are secretly laughing...
Letter: big event
On June 22, Wagner picked up the phone. Although he did not petition, he had no choice. After meeting with Renault-Nissan Alliance CEO Carlos Ghosn, he did not feel relieved. Having met with Ghoen for 12 years, this is the first time this meeting has been held.
Someone is jealous and some are happy.
After leaving the phone at Wagner, Kirkland, a major shareholder of GM, was slightly excited. He is satisfied with his job as a spokesperson for GM at Jerry York. According to the current situation, York’s visit to London in May was still a success. Carlos Ghosn agreed to “consult the business†with Kirkruyan, which is proof. Now things are going one step further. York finally contributed to Wagner's conversation with Ghosn. Keke Ryan's plan will be completed.
After 8 days of planning, the timing finally came.
On June 30th, Tracinda, controlled by Kirkruyan, sent a letter to General Motors, Renault, and Nissan's board of directors expressing hope for a tripartite alliance. In Kirkland's view, the operation of the Renault-Nissan Alliance was successful, and General Motors should join in. At the same time, he suggested that GM’s board of directors sell 20% of the stock for US$30 billion.
As soon as the news was announced, GM's stock immediately rose 8.6% (about 2.35 US dollars), reaching 29.79% US dollars.
If this happens, the global car landscape will be rewritten; if not, it will be news only.
25%: Large numbers
On July 14, Carlos Ghosn said in an interview with the American media that for cooperation with General Motors, the first thing to negotiate is the price of cooperation. On this basis, the negotiators of the two parties can go further, but he does not want to fully take over the operations of General Motors.
This is a typical Ghosnian operation. He is a very ambitious but very humble professional manager. In accepting the "New Car", Ghosn showed a keen interest in Chinese cars. "I like the people here and I am very optimistic about the development of Chinese cars." He stood at the door of the Dongfeng Motor Corporation commercial vehicle assembly plant in Shiyan City. He said . One fact that should not be overlooked is that Ghosn's speech is far less explosive than his operations. The operation of Dongfeng and Nissan in China has gradually become Gnean.
For the alliance between Renault-Nissan and General Motors, Ghosn first needed to change the disadvantageous situation of Nissan Motors in North America. According to statistics from the American Automobile Manufacturers Organization, Nissan Motor Co. sold only 75,000 vehicles in the United States in June, which was a drop of 19% compared with the same period of last year, as Nissan and Infinity branded products hardly won the favor of American consumers. At the same time, Renault Motors has still not entered the US market. According to the Renault Motors announced plans for the next three years, by 2009, this French car company will enter this world's most competitive market.
Reynolds-Nissan Alliance, who is working with General Motors Alliance and Ghosn, can use GM's performance in the North American market to achieve its goal. In this way, GM, Renault, and Nissan can occupy 22% to 25% of the global market, and become the world's largest automotive alliance.
For General Motors, joining the Renault-Nissan Alliance can reduce costs in parts procurement and platform sharing. Simulate the operation of this Franco-American Auto Union, reduce expenditure on labor costs, and end the continuous loss of North American business.
When Ghosn discussed with Wagner, rivals such as BMW, Dai Ke and Toyota all proposed negative suggestions. After all, the 25% global interest coalition is a big number.
9.9%: Major Shareholders
"I think he knows what he wants. I think he is defending his interests. Frankly, I understand." When Kirk Ryan made such an assessment of Ghosn, Ghosn was again pushed to the front.
In this incident, Ghosn and Wagner are in the same role. They are only the performers of the story. And Keke Ryan and Schweitzer are the real behind-the-scenes forces. It was Kirk's 9.9% GM stake that gave him a strong driving force, and when you met Ghosn, it was the beginning of the story to find an excuse.
Kirk Ryan: A hidden billionaire, known for his constant change, owns 9.9% of GM shares. Through his company Trasinda, he directed a great drama and hoped to promote the formation of an alliance between two world-famous car companies, General Motors and Nissan-Renault.
After secret talks with Carlos Ghosn, he hopes that the Renault-Nissan Alliance will be able to invest 30 billion U.S. dollars to purchase 20% of GM shares. Kirk Ryan expressed his thoughts in a letter to GM’s board of directors. At the same time, Renault Nissan also publicly supports this proposal.
In 2005, Kirkland bought 56 ​​million shares of General Motors. At present, his stock still has no profit.
Louis Schweitzer: The great theologian Albert Schweitzer's grandson is a moderate and sensible executive; he transforms the state-owned, regional Renault car into a world-renowned automaker. Outside of Europe, Renault cars are rarely known, but everything has changed now and Renault’s global influence is improving.
Schweitzer was the main driving force behind Renault-Nissan. In 1999, he used a "farmer bet" to invest $5.4 billion in a declining Nissan car; because he believed Renault's No. 2 Ghosn was able to manage the company. When today Ghosn's reputation rises, Schweitzer will bless any deal with GM.
Rick Wagner: A GM CEO who is heavily surrounded is in the midst of rebuilding the car maker, trying to shut down the factory and cut job opportunities. Recently, rumours that he was about to leave his company have been circulated, but he received a vote of confidence from him on the GM board. This alliance with Renault-Nissan means that his rights will be shared.
Ghosn: The well-known cost killer in the industry. In this cooperation, he said:
“If you are a winner, you may be optimistic about the alliance; if you are not a winner, you may also be optimistic. Since we have a good job, we are optimistic about the alliance. Obviously, we will consider the emotional Factors and past experiences; but, frankly speaking, on this platform, we are very clear and objective about potential possibilities."
"If we have to choose the timing, for Nissan and Renault, this is not a terrible time; but when you meet the opportunity you do not pick, whether it is determined or uncertain; when GM shareholders first proposed this resolution, we Accepted it."
Jerry York: The former Chrysler’s enthusiastic CFO was a long-time adviser to Kirkruin. After Kirkland began buying general stocks, York began to take a seat on the GM board and promoted an alliance with Renault-Nissan on the GM board of directors. A strong figure, he publicly stated that GM may benefit from Ghosn's management style.
37: Big History
37 mergers and reorganizations since the late 1980s
◇1989: Ford Motor Company acquires British Jaguar for £1.6 billion
â—‡ 1990: General Motors buys 50% stake in Saab in Sweden and spends 60 million US dollars
â—‡ 1991: German Volkswagen buys 30% stake in Skoda Auto to 100% acquisition, costing 2.25 billion marks
â—‡ 1993: France Renault and Sweden Volvo abandon merger
â—‡1994: BMW acquires British Rover Motors for US$1.2 billion
◇ 1996: Ford Motor Co. will increase Mazda’s shareholding from 24.5% to 33.4% at a cost of US$482 million.
â—‡1998: Daimler-Benz acquires Chrysler for $35 billion
Volkswagen buys Bentley and Rolls-Royce for $854 million
Volkswagen Purchases Boggini Motors for $854 Million Dollars
General Motors will increase its stake in Isuzu from 37.5% to 49% at a cost of US$456 million
Ford Motors sells 9.4% stake in South Korea’s Kia Motors for US$11 million
General Motors buys 6.7% stake in Suzuki Japan, costing $315.4 million
â—‡ 1999: Ford buys Swedish Volvo cars and costs 6.5 billion U.S. dollars
Renault Automotive Acquires 37% of Nissan in Japan at a Cost of US$5.4 Billion
General Motors buys 20% of Japan's Fuji Heavy Industries for $1.4 billion to obtain Subaru Motors
South Korea's Hyundai restructures Kia Motors at a cost of US$960 million
Daimler Chrysler Acquires 34% of Mitsubishi Motors in Japan, Costs $1.9 Billion
Daimler Chrysler purchases a 10.5% stake in Hyundai Motors Korea for $428 million
Volkswagen purchases the remaining 30% stake in Skoda at a cost of $305 million
BMW sells Rover Motors for £10 in revenue
General Motors buys remaining 50% stake in Saab for $735 million
General Motors buys 10% of Suzuki Motor’s shares again, costing US$653 million
Toyota Motor Corp. will increase its stake in Hino from 36.5% to 50.1%, costing US$542 million
2001: Daimler Chrysler purchases 3.3% of Mitsubishi Motors from Volvo, costing US$297 million
â—‡2002: Renault Motors will increase its shareholding in Nissan from 37% to 44% at a cost of US$1.6 billion
Nissan buys a 15% stake in Renault and spends $1.6 billion
General Motors acquires assets of bankrupt Daewoo at a cost of US$251 million
General Motors will reduce its stake in Isuzu from 49% to 12% for $512 million
2004: Daimler Chrysler sells a 10.5% stake in Hyundai Motor for $911 million
â—‡ 2005: GM ends 5 years of alliance with Fiat Auto and pays 2 billion U.S. dollars for this
GM sells equity of Fuji Heavy Industries for $737 million
Toyota Motors buys 8.7% of Fuji Heavy Industries for $315 million
Daimler Chrysler sells 12.4% of Mitsubishi Motors for 970 million euros
Porsche in Germany will increase its shareholding in Volkswagen from 12.4% to 21.2%
2006: General Motors will reduce its stake in Suzuki Motors to 3%, with revenue of US$1.96 billion
GM plans to sell 7.9% stake in Isuzu and plans to sell for $300 million
Porsche in Germany will increase its stake in Volkswagen to 25.1%
View related topics: Dongfeng Renault project tracking report
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