Archive - Oct 2019

Date
Type

October 27

Behind the financial results: the challenge of the pay out policy to shareholders

Payout_policy_2006-15.jpg

As we are informed in late October of the financial results for the third quarter of 2019 of the automotive groups, a rather difficult year 2019 is looming for most manufacturers and everything suggests that things will not improve in 2020: a large majority of markets are on a downward trend and it is imperative to continue investing.
 
Investing for a carmaker means both feeding the "business as usual" by regularly renewing the products. It also means, of course, launching or developing in new fields by setting up in countries where it was not present, or not enough, by creating new brands or by developing R&D skills that were not its own until then.
In all these cases, there is a need to spend now and, in most cases, several years in a row, expecting future revenues that may or may not become a reality.
read more

October 23

Bernard Jullien / Renault / Fiat-Chrysler : comment réussir une fusion ? / Entendez-vous l'éco? / France Culture

Date: 
31/05/2019
Patricia Charléty, professeure d'économie et de finance à l'ESSEC
Philippe Chalmin, Professeur d'économie à l'université de Paris Dauphine
Emission / Séminaire / Colloque: 

Bernard Jullien / Patricia Charléty / Philippe Chalmin / Entendez-vous l'éco? / France Culture

En début de semaine, Renault a accepté d’étudier la proposition de fusion avec l’italo-américain Fiat-Chrysler. Cette fusion élèverait le futur groupe automobile au troisième rang mondial. Pourquoi ces deux géants veulent-ils fusionner ? Quels sont les risques d'une fusion ?

Tommaso Pardi / Francfort : la "révolution" morose des constructeurs européens ? / Journal de l'éco / France Culture

Date: 
12/09/2019
Emission / Séminaire / Colloque: 

Tommaso Pardi / Le journal de l'éco / France Culture

L'industrie automobile réussira-t-elle sa transformation ?

Date: 
02/08/2019
Nicolas Meilhan, Conseiller scientifique à France Stratégie et Senior Advisor chez EV-volumes
Emission / Séminaire / Colloque: 

Bernard Jullien / Nicolas Meilhan / L'invité des matins d'été / France Culture

October 20

Renault: getting out of the ostrich policy

La même scène vue autrement
As if to mark his difference and/or to highlight what might have opposed her to Thierry Bolloré (Renault's former CEO, recently laid off), Clotilde Delbos (appointed to replace him) began her interim period at the head office of the Renault group with a "profit warning": no, the return to positive cash flow in the second half of the year will not offset the €700 million negative cash flow of the first half; no, revenue will not be constant but will fall by 3 to 4% and the operating margin will be 5% rather than 6% as announced in July; no, the 2022 plan will not be implemented and it is urgent to redefine it so that everyone knows where he is going.
 
She did not just talk to the analysts. She also spoke on Tuesday in a video for employees to tell them that the "Drive the Future" plan had to be taken up again because the market has changed over the past two years and that "unfortunately, the situation did not improve during the summer" and requires that the strategy be adjusted to "get Renault back on track".
read more

October 13

Bolloré's lay-off: the way he was managing Renault has weighed in the decision than his links with Ghosn

Il y a un an, il y a un siècle...

The show goes on and the last episode was the brutal eviction of Thierry Bolloré (Renault's CEO) on Friday.
 
This is willingly commented on as the counterpart to Saikawa's which would have been desired by the Nissans and - as some presume - agreed by Jean-Dominique Senard (Renault's Chairman) that the trio of leadership candidates should be put in the order he wanted to see prevail.
The government and the agency of state shareholdings ("APE3: Agence des Participations de l'Etat) which, after having wished for the Renault-Nissan merger and having favourably considered the Renault-FCA operation, seem to have finally understood since the beginning of June that the relaunch of the Alliance should be the priority given to J.-D. Senard would have validated the option. The undertaking would therefore mainly be a process of "de-ghosnisation" of the top management of the two companies necessary for a new start.
 
If this interpretation contains some truth, it is probably a little short, however.
read more

October 11

Bernard Jullien / Patrick Pelata / L'Alliance est pavée de bonnes intentions / Mobility TV

Date: 
24/09/2019
Patrick Pelata, Meta Strategy Consulting
Emission / Séminaire / Colloque: 

Bernard Jullien / Patrick Pelata / L'Alliance est pavée de bonnes intentions... / Mobility TV

October 10

Tommaso Pardi / Lean Production, santé et vieillissement / AGEFIT

Date: 
12/11/2009
Emission / Séminaire / Colloque: 

Tommaso Pardi / Lean Production, santé et vieillissement / AGEFIT / 2009

Présentation de Tommaso Pardi (EHESS, CSU, GERPISA) au séminaire européen AGEFIT II qui s'est tenu à paris le 12/11/2009.

Est-ce que la Lean Production est compatible avec le vieillissement de la main-d'œuvre ?

October 9

Franck Fontanesi / Tommaso Pardi / Gaële Lesteven / L’industrie automobile au cœur de la troisième révolution industrielle / JECO / 2017

Date: 
01/10/2017
Emission / Séminaire / Colloque: 

Franck Fontanesi / Tommaso Pardi / Gaële Lesteven / L’industrie automobile au cœur de la troisième révolution industrielle / JECO / 2017

Tommaso Pardi / Les évolutions du et dans le travail / Forum ARACT Basse-Normandie / 2015

Date: 
16/06/2015
Emission / Séminaire / Colloque: 

Tommaso Pardi / Les évolutions du et dans le travail / Forum ARACT Basse-Normandie

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