It is not going well for Carlos Ghosn. Just a few hours ago Nissan and Mitsubishi issued a statement saying that he improperly received nearly $9 million from a jointly owned Dutch company. In addition the Japanese courts have continued to deny him bail. He has now been held since 19 November and there are even rumours circulating that Renault is about to look for a new head. Nobody outside of this case can tell exactly the truth of the matter, and whether this is a particularly vicious political battle between the rival Japanese and French arms of their coalition, but the personal consequences for somebody who was considered probably the biggest star on the global automotive stage is enormous.
And talking around the industry at the moment, there is a fair amount of doom and gloom. Not least because many commercial decisions have stalled in view of the paralysis in the wake of the Brexit crisis. Given that almost anybody I have spoken to in business is not in favour of a no-deal Brexit, one wonders what the future is for the country. And whatever the solution, the majority of people just wish that it could be sorted. After all we were told before the vote that this would all be done relatively easily. I am not certain most of us believe that now.
Looking across the pond to the United States, I see that Ford (who have not exactly posted fantastic results over here recently) are in talks with VW about technology for pickup vehicles. Considering they are two of the largest manufacturers in the world, it shows the level of investment required to launch new products. And for those of us who remain suspicious that in time car manufacturing will become less important, and car software and the bolting together of standard components will become the norm.
Have a great weekend, why not pop down to Paris while you still can.
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This paperback is very interesting, but I find it will never replace a hardcover book – it makes a very poor doorstop.
Alfred Hitchcock (1899 – 1980)
He who hesitates is not only lost, but miles from the next exit.
I’m a great believer in luck, and I find the harder I work the more I have of it.
Thomas Jefferson (1743 – 1826), (attributed)
Don’t ever take a fence down until you know the reason it was put up.
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