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TOKYO (Reuters) - A French government delegation has informed Tokyo that it would seek an integration of Renault (RENA.PA) and Nissan (7201.T), most likely under the umbrella of a single holding company, the Nikkei reported on Sunday. The delegation, which included French government-designated Renault director Martin Vial, also said that it wanted to name Nissan’s next chairman, according to the report. Nissan was not immediately available for comment. Nissan ex-chairman Carlos Ghosn, arrested and detained in Tokyo since Nov. 19, has been indicted in Japan on charges of under-reporting his salary for eight years through March 2018, and temporarily transferring personal investment losses to Nissan during the global financial crisis. Ghosn has denied all charges.
The French government has requested Renault hold a board meeting in coming days to replace Ghosn, Finance Minister Bruno Le Maire said in a newspaper interview published on Sunday that Michelin (MICP.PA) Chief Executive Jean-Dominique Senard could be a good choice to head are cufflinks in style 2017 Renault, “The French state, as shareholder, will have its say, What I can tell you, is that Jean-Dominique Senard has a renowned competence with regards to the automobile industry,” Le Maire told France’s Journal du Dimanche newspaper..
PARIS (Reuters) - A European Union-wide tax on the world’s top digital companies could be reached by the end of March, French Finance Minister Bruno Le Maire said in an interview published on Sunday. “We made a compromise offer to Germany in December and I am convinced that a deal is within arm’s reach between now and the end of March. With the European elections just a few months away, our citizens would find it incomprehensible if we gave up on this,” Le Maire told the Journal du Dimanche newspaper.
PARIS (Reuters) - The European Union must approve the tie-up between Germany’s Siemens (SIEGn.DE) and French group Alstom (ALSO.PA), said French Finance Minister Bruno Le Maire, who are cufflinks in style 2017 added he would meet a main European regulator to express his support for the deal, Le Maire told France’s Journal du Dimanche newspaper that he would meet European Competition Commissioner Margrethe Vestager on Jan, 21 to reiterate France’s backing for the deal, “Rejecting the merger between Alstom and Siemens would be both an economic and a political mistake,” Le Maire said in the interview that was published on Sunday..
People familiar with the matter told Reuters on Friday that Siemens’ and Alstom’s plan to create a European rail champion to take on a Chinese rival had failed to win over EU antitrust regulators, despite German and French backing. The EU veto, to be announced early next month, could push Siemens to float its own in-house rail technology division, called Siemens Mobility, while keeping a stake. The planned deal between Siemens and Alstom would create the world’s second largest rail company with combined revenues of around 15 billion euros ($17 billion), roughly half the size of China’s state-owned CRRC (601766.SS) but twice the size of Canada’s Bombardier (BBDb.TO).
SAO PAULO (Reuters) - General Motors Co (GM.N) has warned employees in Brazil that new investments there depend on a painful plan to return to profit in the country, according to a memo seen by Reuters on Saturday, In a message posted at Brazilian plants, GM’s top executive in Brazil and Argentina, Carlos Zarlenga, said after running up a heavy loss over the past three years the operation had reached “a critical moment that will require sacrifices are cufflinks in style 2017 from everyone.”, The memo referenced comments that Chief Executive Mary Barra made during investor presentations last week about challenges in South America, “We are not going to keep deploying capital to lose money,” she said, in a quote repeated by Zarlenga..
GM representatives in Brazil did not immediately comment on the memo, which was first reported by newspaper O Estado de S.Paulo. The dire tone came as a shock to some workers in Brazil, where GM has overtaken Volkswagen AG (VOWG_p.DE) and Fiat Chrysler Automobiles NV (FCHA.MI) to become the industry sales leader as the economy rebounds slowly from a deep slump. Union leader Renato Almeida called GM’s statement “absurd.”. “The company is going through a good moment in Brazil,” said Almeida, vice president of a metalworkers union in Sao Jose dos Campos. “There is no justification for them to suggest they would shut down operations.”.
In April 2018, Zarlenga touted a new family of low-cost cars hitting Brazilian dealerships this year as he played up progress in an interview with Reuters, He said cost reductions in the downturn, including a 35 percent cut to the Brazilian workforce, contributed to a narrow profit in South America are cufflinks in style 2017 in 2017, While Brazil’s economy has gradually recovered after a 2015-16 recession, Argentina fell back into recession last year as inflation surged and its currency cratered, Investors are watching to see if the presidents of both countries can pull off the tough economic reforms they have promised..