Renault’s executive bench is rapidly becoming more diverse as the automaker broadens its geographic base. Renault counts 15 nationalities among its key global executive positions, including French, Spanish, Japanese, Brazilian and German executives.
Nissan continues to have one of the most diverse teams at the corporate officer level in Japan and among global automakers. Forty-eight percent of the top 100 positions are held by foreign-born executives from 15 countries, including France, Australia, Brazil, Canada, China, India, Italy, Netherlands, Spain, South Africa, United Kingdom, United States, Ireland, Argentina and Poland.
“ The Renault-Nissan Alliance hires and promotes people based on talent and proven performance – not based on gender, country of origin or other factors,” Alliance Chairman and CEO Carlos Ghosn said. “ We’re creating the auto industry’s most diverse car group, a place that welcomes high achievers and embraces diversity at every level.”
The Alliance maintains its “Premium Partner” status at the Women’s Forum, which it has supported since 2006. On Thursday afternoon, the Alliance will host an exclusive interactive session with Michèle Mouton, the first woman to win a round of the FIA World Rally Championship and the current president of the FIA Women in Motor Sport Commission.
For a high-resolution photo related to the press release, go to the Alliance blog: https://blog.alliance-renault-nissan.com
MEDIA CONTACT
Mia Nielsen
+33 (0)1 76 87 12 33
+33 (0)6 10 83 31 33
mia.nielsen@renault.com
ABOUT THE RENAULT-NISSAN ALLIANCE
The Renault-Nissan Alliance is a strategic partnership between Paris-based Renault and Yokohama, Japan-based Nissan, which sell one in 10 cars worldwide. Renault and Nissan have been strategic partners since 1999 and sold 8.03 million cars in nearly 200 countries in 2011. Since its founding 13 years ago, the cross-cultural Renault-Nissan Alliance has expanded significantly, particularly into emerging markets.
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Carlos Ghosn and Bruno Ancelin awarded 2012 Eurostars by Automotive News Europe
October 05, 2012 | ID: 34110
PARIS, France - On September 26, 2012, the magazine Automotive News Europe gave Eurostar awards to Carlos Ghosn, CEO and Chairman, Renault-Nissan Alliance, and to Bruno Ancelin, Renault Chairman of the Eurasia region and Managing Director, Russia.
Carlos Ghosn won the Group CEO award in recognition of his successful strategy for international expansion into high-growth markets as the euro zone faces sluggish sales. In 2011, 43% of the Renault Group’s sales were outside Europe compared with 37% the year before. Automotive News Europe noted that in 2011, Nissan achieved an all-time high for European sales, the alliance partners solidified their position in fast-growing Russia, and they became leaders in electric cars in Europe.
Carlos Ghosn declared, “ I am honored to be recognized with this Eurostar Award. While Europe faces some significant challenges over the next few years, I am confident that this continent will remain innovative and do what’s necessary to get back on a path of growth and prosperity. "
Bruno Ancelin won the Emerging Market Executive award for the crucial role he played in the growth of Renault’s sales in Russia (+60% in 2011, +25% from January to August 2012). The Renault-Nissan Alliance and AVTOVAZ are aiming for 40% of the Russian new-car market by 2015.
Bruno Ancelin said, “ I am very happy to receive this award, which would not have been possible without the Eurasia and Russia regional team. I would also like to take the opportunity to thank all of Renault’s departments who have given us their expertise and support, those who work in Moscow as well as those at AVTOVAZ, and who help make this region one of the key growth vectors of the company.”
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GM Financial to Acquire Ally Financial’s International Automotive Financing Operations
Wed, Nov 21 2012
DETROIT – General Motors Financial Company, Inc., (GM Financial) a wholly owned subsidiary of General Motors Co. (NYSE: GM), announced today that it is acquiring automotive financing operations in Latin America, Europe and China from Ally Financial Inc. (Ally).
“GM is entering the most aggressive rollout of new vehicles in its history and this acquisition will make us an even more formidable competitor by ensuring that competitive financing is available to our customers and dealers around the world,” said GM Senior Vice President and CFO Dan Ammann.
GM established GM Financial in 2010 to add captive financing capabilities in the United States and Canada in strategic and underserved segments. With the addition of Ally International Operations, GM Financial will be able to support GM customers and dealers in markets comprising about 80 percent of GM’s global sales while earning strong risk-adjusted returns.
“The Ally International Operations have very strong underwriting and risk management, close relationships with GM dealers and an excellent customer service reputation,” said Dan Berce, president and CEO of GM Financial. “The addition of these businesses significantly strengthens GM Financial’s core role, which is to support the sale of GM vehicles. The international operations leadership team will also transition to GM Financial, which will provide tremendous continuity for stakeholders and customers.”
The transaction includes operations in Brazil, Mexico, Colombia, Chile, Germany, the United Kingdom, France, Italy, Belgium, the Netherlands, Sweden, Switzerland and Austria. It also includes Ally’s 40 percent interest in its Chinese joint venture GMAC-SAIC Automotive Finance Company.
To fund the purchase, GM expects to contribute approximately $2 billion in cash to GM Financial to increase its equity and ensure an appropriate pro forma capital structure.
The purchase price for the acquired assets represents an approximately $550 million premium to their book value. As result of the acquisition, GM Financial’s assets will double to approximately $33 billion and its liabilities, including consolidated debt, will increase to about $27 billion compared with about $12 billion today.
The transaction is expected to add $300 million to $400 million to GM Financial’s annual earnings before taxes (EBT). This will bring GM Financial’s pro forma annual EBT run rate to approximately $1 billion. The transaction is expected to be completed in mid-2013, subject to regulatory approvals.
About General Motors Financial Company
General Motors Financial Company, Inc. provides auto finance solutions through auto dealers across the United States and Canada. GM Financial has approximately 3,700 employees, over 809,000 customers and $16.3 billion in assets. The Company is a wholly-owned subsidiary of General Motors Company and is headquartered in Fort Worth, Texas. For more information, visit www.gmfinancial.com.
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