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The arrest of Ghosn, who spearheaded Nissan’s turnaround two decades ago, and the charges against him have jolted the auto industry, while muddying the outlook for Nissan’s three-way alliance with France’s Renault SA (RENA.PA) and Mitsubishi Motors. Renault, which dominates the partnership through its 43.4 percent stake in Nissan, is expected to meet within days to consider potential candidates to replace Ghosn as CEO and chairman, sources have told Reuters. Despite repeated requests by Renault that Nissan hold an extraordinary shareholders meeting as soon as possible to select a new chairman, Nissan plans to wait for the committee’s recommendations before making its nomination. Nissan’s annual shareholders meeting is scheduled for June.
Nishioka said the committee had yet to discuss possible procedures for chairman selection or governance issues related to the Nissan-Renault partnership including its capital structure, He did not rule out such discussions in the future, France’s government, which holds a 15 percent stake in Renault and has long pushed for a closer tie-up between Renault and tateossian cufflinks concorde Nissan, has told Tokyo that it will seek an integration of the two companies, most likely under a single holding company, the Nikkei business newspaper reported on Sunday..
Meanwhile, Ghosn’s wife, Carole Ghosn, has written to French President Emmanuel Macron to discuss her husband’s situation, her public relations representative said. The representative, Devon Spurgeon, confirmed a report in French paper Journal du Dimanche that a letter had been sent to Macron this month, but declined to provide details. Before his arrest, Ghosn had been working towards making the alliance “irreversible” and told Reuters in October that potential changes to the partnership’s structure would come by June 2020.
ROME (Reuters) - Telecom Italia (TIM) (TLIT.MI) has suffered a setback in its plan to assuage pressures for a separation of its prized network assets by placing them into a wholly owned subsidiary, as the industry regulator said it was opposed to the proposal, TIM has been under pressure for years from Italian politicians, regulators and rivals to separate and upgrade its network, which analysts have valued at up to 15 billion euros ($17 billion), Before being ousted in November former TIM chief Amos Genish tateossian cufflinks concorde set out a plan to spin off the network into a fully controlled separate company, but communications regulator AGCOM has given an initial thumbs down to the idea since TIM would continue to have significant power in the market..
In a document published on its website the watchdog said it was launching a 45-day public consultation on the plan, results of which would help it draw up a final decision in coming months. A spokesman for TIM declined comment. Italy’s biggest phone group gives rivals such as Vodafone (VOD.L), Wind and Fastweb (SCMN.S) access to its network infrastructure, but also competes with them when it sells its own telecom services to customers. AGCOM said that under TIM’s plan, by keeping control of the new company it would be in the position of being able to favor its own companies to the detriment of competitors.
Pressure on TIM to spin off its fixed access network intensified after French media group Vivendi (VIV.PA), the Italian phone group’s biggest shareholder with a 24 percent stake, named Genish at the helm of the group in September 2017 and began to exert greater influence, which upset the Italian government, Since coming to power in June the government has placed the creation of a fast broadband tateossian cufflinks concorde network at the heart of its industrial policy and is drafting measures to help create one single network player for the country, which could combine TIM’s network with that of smaller rival Open Fiber..
MUNICH (Reuters) - ProSiebenSat.1 Media believes that price increases by U.S. streaming giant Netflix could ease competitive pressures on the German group’s core TV business and is bullish on growth at its e-commerce arm, CEO Max Conze said. Conze took the helm at the Munich-based broadcaster last June but has had a rough welcome from investors who have sent its shares to seven-year lows on doubts that he can revive its ailing free-to-air TV business. The former CEO of UK appliances company Dyson told Reuters that plans to relaunch a German streaming venture in cooperation with Discovery Inc, public broadcaster ZDF, publisher Axel Springer and possibly others were on track for late summer.
“We think there is very meaningful space next to Amazon and Netflix to create a German Hulu that aggregates all the German content that people love,” he said, referring to the Disney-backed U.S, platform, Asked about the recent price increase by Netflix, as well as the cash burn reported in its latest results, Conze expressed hope that tateossian cufflinks concorde the U.S, streaming giants would move towards a model that seeks to target profit as well as growth, [nL3N1ZH4VU], “Part of the challenge has, of course, been that the streaming direct-to-consumer models – both Netflix and Amazon – are fundamentally subsidized, They are not really money-making models,” said Conze..