https://www.gpblog.com/en/news/59931/re ... pear-.html
That's nasty if true ...
If it is true then Renault will surely be leaving F1 as constructor and engine supplier? I guess the question then is will they completely disappear, or will they be bought out by someone and rebranded? Is anyone new really that interested in taking F1 on seriously these days?langedweil wrote: ↑23 May 2020, 04:55https://www.gpblog.com/en/news/59931/re ... pear-.html
That's nasty if true ...
Nasty in the sense that a brand as big as Renault might disappear just like that ..3jawchuck wrote: ↑23 May 2020, 08:09If it is true then Renault will surely be leaving F1 as constructor and engine supplier? I guess the question then is will they completely disappear, or will they be bought out by someone and rebranded? Is anyone new really that interested in taking F1 on seriously these days?langedweil wrote: ↑23 May 2020, 04:55https://www.gpblog.com/en/news/59931/re ... pear-.html
That's nasty if true ...
Once the sport gets up and running again I'd say yes. At the end of the day, the ROI for F1 sponsorship is good. Just look at the costs for a single Superbowl advert compared to a season of F1 as a title sponsor for a midfield team.PlatinumZealot wrote: ↑23 May 2020, 16:08If the team can prove that their model is profitable they should be OK. The budget cap should really help... But are sponsors still willing to spend as much that's the question.
Senna and Prost with multiple WCs were teammates in McLaren.
Are Renault not already a 'partner' with Nisan? Possible management rejig rather than fall through?adrianjordan wrote: ↑24 May 2020, 00:00Once the sport gets up and running again I'd say yes. At the end of the day, the ROI for F1 sponsorship is good. Just look at the costs for a single Superbowl advert compared to a season of F1 as a title sponsor for a midfield team.PlatinumZealot wrote: ↑23 May 2020, 16:08If the team can prove that their model is profitable they should be OK. The budget cap should really help... But are sponsors still willing to spend as much that's the question.
The Enstone team will survive, the engine side probably less likely.
Renault as a car manufacturer? I think someone will step in and save them. My guess would be a Chinese investor.
Did you forget to add an emoji maybe?PlatinumZealot wrote: ↑25 May 2020, 15:13Yeah and there is always trust issues between the French side and the Japanese side.
The strategic partnership between Renault, Nissan and Mitsubishi is not a merger or an acquisition. The three companies are joined together through a cross-sharing agreement.
The Alliance is a strategic partnership based on the rationale that, due to substantial cross-shareholding investments, each company acts in the financial interest of the other—while maintaining individual brand identities and independent corporate cultures. Renault currently has a 43.4 percent (fully voting) stake in Nissan and Nissan holds a 15 percent (non-voting) stake in Renault effectively giving Renault control.
The crux of the matter is this:The Alliance began on 27 March 1999. At the time, the auto industry was in a period of rapid consolidation. Numerous companies merged or were acquired in high-profile deals, most notably Daimler's acquisition of Chrysler in 1998 (which dissolved in 2007, when the companies separated).
At the time it was created, Renault bought 36.8 percent of Nissan's outstanding stock and Nissan vowed to buy into Renault when it was financially able. In 2001, after the company's turnaround from near-bankruptcy, Nissan bought a 15 percent stake in Renault, which in turn increased its stake in Nissan to 44.4 percent.
I'm by no means qualified to comment on the intricacies of this corporate arrangement, but it seems the whole Ghosn case was an attempt by the Japanese to change the balance of power within the alliance.Although Nissan is far larger and more profitable than Renault (and has a market value approximately double Renault's as of November 2018), Renault has effective control over the Alliance due to its significant voting stake in Nissan and its Nissan board seats (contrasted with Nissan's non-voting stake in Renault).
In addition, the single largest shareholder in Renault is the French government, which may have the effect of placing Nissan policy under French government control and has contributed to resentment over the terms of the Alliance within both Nissan and Japan.