Tag: voting

By on June 20, 2019

With the Renault-Nissan partnership looking about as healthy as the bird you clipped on the highway last week, there has been some speculation that the Alliance might disband. At the very least, we know that Nissan has wanted Renault to diminish some of its authority and finally allow the Japanese brand to make a few decisions for itself.

While it’s being kept relatively quiet, Renault and Fiat Chrysler Automobiles are currently seeking ways to rescue their failed merger plan and receive Nissan’s blessing. But Nissan has been stonewalling the $35-billion deal by denying support. It’s not the most cunning strategy we’ve encountered, but totally effective in befuddling the French government to a point where it wanted to delay things — prompting FCA to back out.

Reuters is now claiming that Nissan plans on using round two of the merger talks to convince Renault to reduce its 43.4-percent stake in the company. But the French automaker’s CEO, Thierry Bolloré, says there’s no way that’s happening.  (Read More…)

By on June 10, 2019

Nissan and Renault’s strained relationship is well documented at this point. And yet the scribes keeping tabs on the matter must now dip their quills in fresh ink, as a new chapter is ready to be written. Following the arrest of Carlos Ghosnindustrial scandals, a subpar earnings report, and more headaches, Nissan intends to adjust its corporate structure while passing some internal reforms.

However, Renault Chairman Jean-Dominique Senard recently issued a letter to the automaker saying the company would abstain from voting on the issue. As Nissan’s adoption of the reform requires two-thirds approval, Renault could easily block the plan with its sizable stake in the company. Nissan politely calls the automaker’s stance “most regrettable,” but execs in Yokohama must be seething.  (Read More…)

By on December 11, 2015

Renault Kwid

Nissan and the French government struck a deal Friday to end a dispute over how much influence the state has over the carmaking alliance between the Japanese automaker and Renault, according to Renault.

The French government will cap its voting rights between 17.9 percent and 20 percent in non-strategic shareholder decisions, and will preclude “interference” by the government in Nissan by Renault. Renault, which is partially state-owned, is Nissan’s largest shareholder.

Earlier this year, France passed a law that would have given the government increased voting rights in the alliance, perhaps in an attempt to forge a stronger partnership between the two automakers(Read More…)

By on November 16, 2015

Kansas City Assembly Plant

Ford workers in Kansas City voted down a proposed contract between the automaker and the United Auto Workers, the local union reported on its Facebook page (via Automotive News). Kansas City produces many of the company’s profitable F-150 trucks.

According to the final tally, 54 percent of union workers and just over 50 percent of skilled trades workers voted against the proposed deal. The defeat was the first major setback for the company, whose workers in Wayne and other plants overwhelmingly voted to approve the deal. Last week, several hundred workers at Ford’s axle plant voted against the proposed deal.

Workers in Kansas City threatened to strike last month when it said Ford wasn’t negotiating in good faith with workers at that plant. (Read More…)

By on November 6, 2015

General Motors #AMERICA

With hours remaining until voting ends on the tentative contract between General Motors and the UAW, support for the contract continues to grow.

According to The Detroit News, over 80 percent of GM’s 52,600 hourly employees have had a chance to look over and vote upon the agreement, including those in Lordstown Assembly in Ohio, and Lansing Delta Township Assembly in Michigan.

Among Lansing’s over 3,000 employees, 54 percent of production and 43 percent of skilled trades workers voted in favor, per UAW Local 602. Over in Lordstown, Local 1714 (Stamping, Complex West) found healthy majorities in favor of the contract — 67.9 percent production, 57.4 percent skilled trades — while Local 1112 saw 72 percent of production and 29 percent of skilled trades workers voting the same. Both unions represent over 4,100 Lordstown employees.

(Read More…)

By on September 26, 2015

Booth Professionals At The 2014 Spring Fest of the LXs

Two more local unions rejected the proposed four-year contract deal between FCA US and the UAW Friday, adding to the growing opposition as voting continues.

(Read More…)

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