General Discussion: 2018 Investor Roundtable

[renim]

Doesn't change the FACT Renault and Nissan are separate companies even if they have cross holding shares and share the same Chairman of the Board.

Nissan owns a controlling(according to Japanese law) 34% stake in Mitsubishi Motors. So that is good enough to consider them one company.

Nissan owns a veto interest 34% stake in Mitsubishi Motors, by Japanese law they can veto any decisions, but reciprocity is permitted.

Renault owns a 42% stake in Nissan, by French anti-cross holding laws, this dissallows Nissan from increasing its stake in Renault, effectively under french law Nissan is a partially owned subsidiary of Renault. the bond between Renault and Nissan is a master and servant bond. Its just that the servant is far stronger and richer than the master.

So Renault Nissan are legally much more unified than Nissan Mitsubishi.
but Renault stays true to European industrial base vs Nissan being Japanese industrial base, In some aspects there is alot more cohesion between Nissan and Mitsubishi (kei cars, transmissions), but other components also.

the issue of Renault's lordship over Nissan is the core outstanding issue of the alliance, Ghosn has made it work, but that is not natural, he is special in that regard. this also becomes personal issue, Macron and Ghosn have clashed before. de facto french state control of Nissan is a curious attribute.

Renault-Nissan cross-shareholding ratio will remain the same, Nissan says

its complex, the alliance is subject to laws of both France and Japan, neither of which are British or American in nature

 

[SPadival]

How do you know Munro is more respected. Do you know who did the disassembly?

Yep. .Somehow, a Detroit dis-assembler (who I think self admitted most of his customers are Detroit/Chinese/Korean) is supposed to be more respected compared to a German dis-assembler (Whose customers make the models that M3 is competing against - Audi A4, Merc C class, BMW 3 series). I think this is opportunistic American exceptionalism from a $TSLAQ.

 

[generalenthu]

Click bait Tesla headline I love.

Model 3 hides an uncomfortable truth
Apparently, the truth is that it's a cash machine and it's going to get uncomfortable for the German manufacturers. Translate to English in chrome to read

 

[kbM3]

Click bait Tesla headline I love.

Model 3 hides an uncomfortable truth
Apparently, the truth is that it's a cash machine and it's going to get uncomfortable for the German manufacturers. Translate to English in chrome to read

The translation said “if you add $10k for production costs”.

I had thought that was part of the analysis, but it is hard to see how they could determine production costs.

 

[RobStark]

its complex, the alliance is subject to laws of both France and Japan, neither of which are British or American in nature

French Law is not sovereign in Japan.

From article you quoted in ANE.

"Renault holds 43.4 percent of Nissan but agreed to limit formal control of its larger partner in a 2015 shareholder pact that defused a boardroom standoff with the French government."

Good Look with Macron telling Nissan what to do.

BTW Nissan has effective control of Mitsubsihi

From Nikkei Asian Review

"The overhaul is being spearheaded by Nissan Motor, which purchased a controlling stake in Mitsubishi after it came to light last April that Mitsubishi had cheated on fuel-economy tests for several models."

At post-scandal Mitsubishi, reforms aplenty but no hit cars

 

[SPadival]

Someone please pinch me.

 

[EinSV]

Someone please pinch me.

View attachment 305382

Meh.

On the other hand, I will personally fly to Australia and pinch you if Charley Grant publishes a positive article tomorrow along the lines of:

"Teardown by German engineers predicts Model 3 to be wildly profitable"

 

[SPadival]

On the other hand, I will personally fly to Australia and pinch you if Charley Grant publishes a positive article tomorrow along the lines of:

LOL.. Give him time. He retweeted the Consumer Report article yesterday.

 

[EinSV]

LOL.. Give him time. He retweeted the Consumer Report article yesterday.

I hope you're right, but pretty sure I will look like @Waiting4M3's avatar before that happens ....

 

[Causalien]

Yep. .Somehow, a Detroit dis-assembler (who I think self admitted most of his customers are Detroit/Chinese/Korean) is supposed to be more respected compared to a German dis-assembler (Whose customers make the models that M3 is competing against - Audi A4, Merc C class, BMW 3 series). I think this is opportunistic American exceptionalism from a $TSLAQ.

By the way, what is TSLAQ

 

[SPadival]

By the way, what is TSLAQ

A question I asked also - I believe a Q is added to the stock symbol if a company goes bankrupt and delisted from the stock market. This is a favourite short hand (no pun intended) of the shorts on Twitter.

 

[TradingInvest]

Once production scale is achieved, the cost of Model 3's parts should be comparable to Toyota Camry. Maybe a little more. It adds a motor and a battery pack, but also removes engine, transmission, starter, fuel tank, and many related parts. Most long term Tesla investors already knew this.

For the general public, the cost confirmation from German teardown report should be major news. It confirms several things:

1. Tesla can produce a mass market EV with high performance and good profit margin.
2. Model 3 doesn't use much Cobalt. (and will soon drop to zero)
3. The transition from ICE to EV will happen at a fast pace. Are legacy carmakers ready?

 

[sundaymorning]

Could Chrysler Be Killed This Friday?

Fiat might be pulled out of China and US

 

[sundaymorning]

How dangerous is this? Audi recalls 1.2 million cars a second time due to fire risk. The first software upgrade didn’t work:

Double Down on Recall of 1.2 Million Audi Vehicles over Coolant Pump Fire Risk - Newsome | Melton

“Debris from the cooling system can allegedly block the pump, which may then erupt into a fire. Volkswagen, who owns Audi, believed that a software update could fix the problem. But fires continued happening even with the new software, which has prompted a second recall of 1.2 million vehicles.”

 

[RobStark]

Could Chrysler Be Killed This Friday?

Fiat might be pulled out of China and US

They should change the name from Fiat Chrysler Automobiles to Jeepicci Rammi Automobiliai.

 

[pz1975]

Tesla Taps Amazon Executive to Take Over Its Energy Division

 

[bambam4171]

As longs have been trying to tell you all along:
1) Higher volume.
2) Smaller vehicle
3) No instrument panel.
4) Gigafactory.
5) More Advanced chemistry.
6) and more.

In summary, when you set one of the brightest CEOs on the planet with some of the top hi-tech talent in the world against the traditional auto/heavy manufacturing industry, you get...

A crocodile let loose amongst a lot of baby chicks.

Please can I steal this for Twitter?

 

[ValueAnalyst]

Looking for death in all the right places: ValueAnalyst on Twitter

 

[MacRocket]

Please can I steal this for Twitter?

I’m sure he won’t mind if you quote him.
ie. kbM3 from TMC says “quote”

 

[MacRocket]

As longs have been trying to tell you all along:
1) Higher volume.
2) Smaller vehicle
3) No instrument panel.
4) Gigafactory.
5) More Advanced chemistry.
6) and more.

In summary, when you set one of the brightest CEOs on the planet with some of the top hi-tech talent in the world against the traditional auto/heavy manufacturing industry, you get...

A crocodile let loose amongst a lot of baby chicks.

More like a shark in a gold fish bowl I’d say