A strategic alliance is an agreement between two or more parties to pursue a set of agreed upon objectives needed while remaining independent organizations.
111-885: The Renault–Nissan–Mitsubishi Alliance , originally known as the Renault–Nissan Alliance , is a French-Japanese strategic alliance between the automobile manufacturers Renault (based in Boulogne-Billancourt , France), Nissan (based in Yokohama , Japan) and Mitsubishi Motors (based in Tokyo , Japan), which together sell more than one in nine vehicles worldwide. Renault and Nissan are strategic partners since 1999 and have nearly 450,000 employees and control eight major brands: Renault, Nissan, Mitsubishi, Infiniti , Renault Korea , Dacia , Alpine , and Venucia . The car group sold 10.6 million vehicles worldwide in 2017, making it
222-510: A "value-neutral approach" which extends to not using the word terrorist in its stories. The practice attracted criticism following the September 11 attacks . Reuters' editorial policy states: "Reuters may refer without attribution to terrorism and counterterrorism in general, but do not refer to specific events as terrorism. Nor does Reuters use the word terrorist without attribution to qualify specific individuals, groups or events." By contrast,
333-557: A 15% non-voting stake in Renault, effectively giving Renault control. In 2023, Renault reduced its 43.3% voting stake in Nissan to 15% and Nissan will now be able to vote with its 15% stake in Renault. Although more companies have adopted such an arrangement, it remains controversial. Some business journalists have speculated that the companies should be joined in a conventional merger to make a "bold" move, while other interested parties have said that
444-603: A U.S. military Apache helicopter in Baghdad. During 2004, cameramen Adlan Khasanov was killed by Chechen separatists, and Dhia Najim was killed in Iraq . In April 2008, cameraman Fadel Shana was killed in the Gaza Strip after being hit by an Israeli tank . While covering China's Cultural Revolution in Peking in the late 1960s for Reuters, journalist Anthony Grey was detained by
555-561: A broad strategic co-operation with Daimler , reported to be worth €2 billion over five years. The companies are joined by an equity exchange that gives the Daimler a combined 3.1% in Renault and Nissan. Immediately after the announcement, Renault and Daimler began working together on combined next-generation small cars: the Renault Twingo and Smart Fortwo , including electric versions as well as expanding both model ranges. The launches of
666-408: A career of almost 20 years with the company and wrote that "progressively, getting any climate change-themed story published got harder" following comments from then-deputy editor-in-chief Paul Ingrassia that he was a " climate change sceptic ". In his comments, Fogarty stated: By mid-October, I was informed that climate change just wasn't a big story for the present, but that it would be if there
777-712: A direct supply of engines starting in 2014 for the Mercedes-Benz C-Class, built at Daimler's vehicle plant in Tuscaloosa, Alabama. The deal marked the first time that Daimler had ever built engines in North America. The companies will together produce 250,000 four-cylinder gasoline engines in the plant. In January 2013, Renault-Nissan, Daimler and a third partner, Ford Motor Co., announced three-way development on "affordable, mass-market" hydrogen fuel cell vehicles by 2017. The companies said they would invest equal amounts into
888-612: A guide for fair presentation and disclosure of relevant interests, to "maintain the values of integrity and freedom upon which their reputation for reliability, accuracy, speed and exclusivity relies". In May 2000, Kurt Schork , an American reporter , was killed in an ambush while on assignment in Sierra Leone . In April and August 2003, news cameramen Taras Protsyuk and Mazen Dana were killed in separate incidents by U.S. troops in Iraq . In July 2007, Namir Noor-Eldeen and Saeed Chmagh were killed when they were struck by fire from
999-400: A life together, united by shared interests and goals, each bringing something different to the union. In business, regardless of the industry, the most successful and enduring partnerships are those created with a respect for identity as the constant guiding principle." Ghosn consistently advocated an evolutionary approach that results in increasing integration and synergies for partners within
1110-637: A measure to opt out of the "Florange law" to a shareholder vote. However, the French government, led by the then Minister of the Economy and Finance and later the President Emmanuel Macron , made a short-term purchase of an additional €1.23 billion of shares in Renault to enable it to defeat the opt-out, which was widely seen as a corporate raid by the French government. In response, Nissan second-in-command Hiroto Saikawa threatened to have Nissan exit
1221-470: A new target to double annual synergies to €10 billion by the end of the plan. Carlos Ghosn said: “Today marks a new milestone for our member companies. By the end of our strategic plan Alliance 2022, we aim to double our annual synergies to €10 billion. To achieve this target, on one side Renault, Nissan and Mitsubishi Motors will accelerate collaboration on common platforms, powertrains and next-generation electric, autonomous and connected technologies. From
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#17330852252321332-578: A number of electronic brokerage and trading services. Reuters was floated as a public company in 1984, when Reuters Trust was listed on the stock exchanges such as the London Stock Exchange (LSE) and NASDAQ . Reuters later published the first story of the Berlin Wall being breached in 1989. Reuters was the dominant news service on the Internet in the 1990s. It earned this position by developing
1443-561: A partnership with ClariNet and Pointcast , two early Internet-based news providers. Reuters' share price grew during the dotcom boom , then fell after the banking troubles in 2001. In 2002, Britannica wrote that most news throughout the world came from three major agencies: the Associated Press , Reuters, and Agence France-Presse . Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc . Reuters
1554-577: A pioneering act. In 1925, the Press Association (PA) of Great Britain acquired a majority interest in Reuters, and full ownership some years later. During the world wars, The Guardian reported that Reuters: "came under pressure from the British government to serve national interests. In 1941, Reuters deflected the pressure by restructuring itself as a private company." In 1941, the PA sold half of Reuters to
1665-421: A post-Covid economy. The primary objective was to give both companies more autonomy. The Alliance is a strategic partnership based on the rationale that, due to substantial cross-shareholding investments, each company acts in the financial interest of the other—while maintaining individual brand identities and independent corporate cultures. For many years, Renault had a 43.4% voting stake in Nissan and Nissan held
1776-637: A prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange . Headquartered in London, Reuter's company initially covered commercial news, serving banks, brokerage houses, and business firms. The first newspaper client to subscribe
1887-424: A recent phenomena in our time, in fact collaborations between enterprises are as old as the existence of such enterprises. Examples would be early credit institutions or trade associations like the early Dutch guilds. There have always been strategic alliances, but in the last couple of decades the focus and reasons for strategic alliances has evolved very very quickly: In the 1970s, the focus of strategic alliances
1998-941: A result of badging various Renault van models such as the Renault Kangoo/Nissan Kubistar, Renault Master/Nissan Interstar, Renault Trafic/Nissan Primastar. In addition, Renault built nearly all of the diesel engines in Nissan cars sold in Europe. Nissan used these engines to accelerate sales throughout Europe, where it was at one point the number one Asian brand in many key markets. Collaboration between Renault and Nissan also focuses on capital-intensive research projects such as sustainable, zero-emission transportation and development of automobile manufacturing in emerging markets such as Brazil, Russia and India. The Alliance also oversees purchasing for both companies, ensuring larger volume and thus better pricing with suppliers. Renault and Nissan have also consolidated logistics operations under
2109-727: A strategic management company to oversee areas such as corporate governance between the two companies. Based in Amsterdam, it is owned 50/50 by Renault and Nissan and provides a neutral location for the Alliance to exchange ideas, build strategy and help leverage the maximum synergies between the two companies. In 2006, the Alliance began exploratory talks with General Motors regarding the possibility of creating an industrial alliance. The talks were instigated by GM minority shareholder Kirk Kerkorian . GM reportedly demanded payment of several billion dollars to engage in an alliance, prompting Ghosn to call
2220-618: A successful alliance include: Using and operating strategic alliances does not only bring chances and benefits. There are also risks and limitations that have to be taken in consideration. Failures are often attributed to unrealistic expectations, lack of commitment, cultural differences, strategic goal divergence and insufficient trust. Some of the risks are listed below: The "dark side" of strategic alliances has received increasing attention across different management fields, such as business ethics, marketing, and supply chain management. Many companies struggle to operate their alliances in
2331-476: A team of specialist reporters at Point Carbon and a columnist. There has been no change in our editorial policy." Subsequently, climate blogger Joe Romm cited a Reuters article on climate as employing " false balance ", and quoted Stefan Rahmstorf, co-chair of Earth System Analysis at the Potsdam Institute that "[s]imply, a lot of unrelated climate sceptics nonsense has been added to this Reuters piece. In
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#17330852252322442-673: A then-total of 18 partner agencies. Reuters president Michael Friedenberg said he was "delighted that TASS and Reuters are building upon our valued partnership". Two years later, TASS's membership in Reuters Connect came under scrutiny in the wake of the 2022 Russian invasion of Ukraine ; Politico reported that Reuters staff members were "frustrated and embarrassed" that their agency had not suspended its partnership with TASS. On 23 March 2022, Reuters removed TASS from its "content marketplace". Matthew Keen, interim CEO of Reuters said "we believe making TASS content available on Reuters Connect
2553-504: Is 65,000 units. Globally, Alliance battery production capacity is expected to be 500,000 units a year by the end of 2013. Other Alliance battery production sites, announced in 2009, include France, Portugal, the UK and the U.S. The Alliance has created partnerships with more than 100 public and private organizations to create consumer buying incentives and EV infrastructure investment. The Alliance also partnered with Better Place . After implementing
2664-590: Is a 50:50 joint venture and the new plant will have an annual capacity of 300,000 vehicles. The $ 1.36 billion venture will produce Infiniti models by 2017 and Mercedes-Benz compacts by the following year. While Nissan is a major player in the United States and Mitsubishi also has a minor presence, Renault has not sold cars in the country since its sale of American Motors to Chrysler in 1987. Aside from Nissan's manufacturing base mostly centered in Tennessee ,
2775-699: Is headquartered in Toronto , and provides financial information to clients while also maintaining its traditional news-agency business. In 2012, Thomson Reuters appointed Jim Smith as CEO. In July 2016, Thomson Reuters agreed to sell its intellectual property and science operation for $ 3.55 billion to private equity firms. In October 2016, Thomson Reuters announced expansions and relocations to Toronto . As part of cuts and restructuring, in November 2016, Thomson Reuters Corp. eliminated 2,000 jobs worldwide out of its estimated 50,000 employees. On 15 March 2020, Steve Hasker
2886-514: Is journalism 101. The fact that the blather was all inserted without attribution suggests it was added at the insistence of an editor." According to Ynetnews , Reuters was accused of bias against Israel in its coverage of the 2006 Israel–Lebanon conflict after the wire service used two doctored photos by a Lebanese freelance photographer, Adnan Hajj. In August 2006, Reuters announced it had severed all ties with Hajj and said his photographs would be removed from its database. In 2010, Reuters
2997-609: Is not aligned with the Thomson Reuters Trust Principles". An investigation by the Intercept , the Nation , and DeSmog found that Reuters is one of the leading media outlets that publishes advertising for the fossil fuel industry. Journalists who cover climate change for Reuters are concerned that conflicts of interest with the companies and industries that caused climate change and obstructed action will reduce
3108-787: Is the European leader of the light-duty all-electric segment with global sales of 50,836 units through March 2020. As of December 2019, Renault global sales were led by the Renault Zoe with 181,893 Zoe units, followed by the Kangoo Z.E. electric utility van with 48,821 units, the Twitzy heavy quadricycle with 29,118, and the Fluence Z.E. and its Korean variant, the Samsung SM3 Z.E. , with 10,600 cars, all, since inception. The Alliance announced on 7 April 2010,
3219-589: The Associated Press does use the term terrorist in reference to non-governmental organizations who carry out attacks on civilian populations. In 2004, Reuters asked CanWest Global Communications, a Canadian newspaper chain, to remove Reuters' bylines , as the chain had edited Reuters articles to insert the word terrorist . A spokesman for Reuters stated: "My goal is to protect my reporters and protect our editorial integrity." In July 2013, David Fogarty, former Reuters climate change correspondent in Asia, resigned after
3330-611: The Far East , followed by South America in 1874. Both expansions were made possible by advances in overland telegraphs and undersea cables. In 1878, Reuter retired as managing director, and was succeeded by his eldest son, Herbert de Reuter . In 1883, Reuter's began transmitting messages electrically to London newspapers. Reuter's son Herbert de Reuter continued as general manager until his death by suicide in 1915. The company returned to private ownership in 1916, when all shares were purchased by Roderick Jones and Mark Napier; they renamed
3441-774: The Newspaper Proprietors' Association , and co-ownership was expanded in 1947 to associations that represented daily newspapers in New Zealand and Australia . The new owners formed the Reuters Trust. The Reuters Trust Principles were put in place to maintain the company's independence. At that point, Reuters had become "one of the world's major news agencies, supplying both text and images to newspapers, other news agencies, and radio and television broadcasters." Also at that point, it directly or through national news agencies provided service "to most countries, reaching virtually all
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3552-565: The Nissan Leaf and the Renault Zoe all-electric cars . The strategic partnership between Renault, Nissan and Mitsubishi is not a merger or an acquisition. The three companies are joined through a cross-sharing agreement. The structure was unique in the auto industry during the 1990s consolidation trend and later served as a model for General Motors and the PSA Group , and Mitsubishi, as well as
3663-595: The Nissan e-NV200 , was released in Europe in June 2014, followed by Japan in October 2014. Nissan plans to launch two additional battery electric vehicles by March 2017. Initially, Carlos Ghosn predicted the two companies would sell a combined 1.5 million electric cars as early as 2016. As sales were slower than expected, in 2013 the Alliance revised its sales target to 1.5 million electric vehicles by 2020. In May 2008, as part of
3774-577: The Pulitzer Prize for National Reporting for their work on Elon Musk and misconduct at his businesses, including SpaceX , Tesla , and Neuralink , as well as the Pulitzer Prize for Breaking News Photography for coverage of the Israel–Hamas war . Reuters employs some 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters journalists use the Standards and Values as
3885-644: The UK Foreign Office released archive documents confirming that it had provided funding to Reuters during the 1960s and 1970s so that Reuters could expand its coverage in the Middle East. An agreement was made between the Information Research Department (IRD) and Reuters for the UK Treasury to provide £350,000 over four years to fund Reuters' expansion. The UK government had already been funding
3996-495: The Volkswagen Group and Suzuki , though the latter combination failed. The Alliance itself has broadened its scope substantially, forming additional partnerships with automakers including Germany's Daimler and China's Dongfeng . Following the November 2018 arrest and imprisonment of Alliance chairman and CEO Carlos Ghosn , accompanied by his dismissal from the alliance and its components, press analysts have questioned both
4107-559: The 34% controlling interest in Mitsubishi was completed in October 2016, when Carlos Ghosn , the chairman of Nissan, Renault , and the Alliance, also became chairman of Mitsubishi. Ghosn remained chairman of Mitsubishi until his dismissal following his arrest by the Japanese government in November 2018, when Mitsubishi CEO Osamu Masuko assumed the chairmanship. In September 2017, the Alliance announced its six-year plan "Alliance 2022" that set
4218-501: The Alliance is not an option for either company. On 12 March 2019, the three Alliance companies signed a memorandum of understanding for creating a "Alliance operating board" with Jean-Dominique Senard as chairman and the CEOs from the three companies as equal members. According to the Alliance, it sold one in nine cars worldwide in 2017, ranking as the world's largest producer of light vehicles by sales, with 10,608,366 units sold. In 2017,
4329-518: The Alliance operates a Silicon Valley Research Center in Sunnyvale, California , specializing in autonomous driving and connected cars. The office works with Silicon Valley–based technology companies and collaborates with Renault and Nissan technical centers in France and Japan. Areas of research include: autonomous vehicles; Internet-connected vehicles; and the area of human machine interface. In October 2011,
4440-464: The Alliance to reduce costs. The companies claim that they generate more than €200 million per year by sharing warehouses, containers, shipping crates, seagoing vessels and customs-related processing. In total, the Alliance reported more than €1.5 billion in synergies in 2010. The Alliance develops "best practices," borrowing systems and controls from one company to strengthen the other company where appropriate. The "Nissan Production Way" became
4551-408: The Alliance unless Renault did the following: sell down its controlling Nissan stake, restore voting rights to Nissan's holding in Renault, and relinquish control of the Alliance. Macron and France ignored the demands, figuring that they could reach a deal with Ghosn that was tied to an extension of his leadership of Renault. To alleviate the tension, Renault entered into a binding pledge never to oppose
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4662-488: The Alliance's zero emission strategy, Nissan and NEC formed a joint-venture company, Automotive Energy Supply Corporation (AESC) to focus on the development and mass production of advanced lithium-ion batteries for a wide range of automotive applications from hybrids, electric vehicles to fuel-cell vehicles. AESC began production in 2009 at its facility at Nissan's Zama plant in Kanagawa Prefecture where annual capacity
4773-532: The Alliance, with about 500,000 cars and vans sold by April 2020, followed by the Groupe Renault with more than 273,550 electric vehicles sold worldwide through December 2019. Mitsubishi's only all-electric vehicle is the i-MiEV , with global sales of over 50,000 units by March 2015, accounting for all variants of the i-MiEV, including the two Minicab MiEV versions sold in Japan. The Alliance best selling Nissan Leaf
4884-418: The Alliance. "You have to be careful that at the end of the day, by trying to do more in the short-term you don't end up destroying what had been delivering so much result on the mid-term and long-term," Ghosn was quoted as saying in a March 2011 Reuters Special Report, in which he said conventional, top-down acquisitions in the auto industry in the past decade have failed. "It is not validated by any example in
4995-671: The Chinese government in response to the jailing of several Chinese journalists by the colonial British government of Hong Kong . He was released after being imprisoned for 27 months from 1967 to 1969 and was awarded an OBE by the British Government. After his release, he went on to become a best-selling historical novelist. In May 2016, the Ukrainian website Myrotvorets published the names and personal data of 4,508 journalists, including Reuters reporters, and other media staff from all over
5106-698: The Foreign Press Association Media Award and the Pulitzer Prize for International Reporting , and were named as part of the Time Person of the Year for 2018 along with other persecuted journalists. After 511 days in prison, Wa Lone and Kyaw Soe Oo were freed on 7 March 2019 after receiving a presidential pardon. In February 2023, a team of Reuters journalists won the Selden Ring Award for their investigation that exposed human-rights abuses by
5217-538: The Kangoo Z.E. with 24%, and the Twizy with 18%. Nissan global electric vehicle sales passed 275,000 units in December 2016. By the end of December 2017, the Alliance achieved the sales milestone of more than 500,000 electric vehicles delivered globally, including those manufactured by Mitsubishi Motors , now part of the Alliance, and ranked as the world's top selling all-electric vehicle manufacturer. As of December 2021,
5328-595: The Latin American department of Reuters through a shell company; however, this method was discounted for the Middle East operation due to the accounting of the shell company looking suspicious, with the IRD stating that the company "already looks queer to anyone who might wish to investigate why such an inactive and unprofitable company continues to run." Instead, the BBC was used to fund the project by paying for enhanced subscriptions to
5439-513: The Nigerian military. In 1977, Rolling Stone and The New York Times said that according to information from CIA officials, Reuters cooperated with the CIA. In response to that, Reuters' then-managing director, Gerald Long, had asked for evidence of the charges, but none was provided, according to Reuters' then-managing editor for North America, Desmond Maberly. Reuters has a policy of taking
5550-433: The Nissan board at a company shareholder meeting. In early 2018, Ghosn discussed making the Alliance "irreversible" and began talks to merge Renault and Nissan, which would have kept them both under his (and French) control, with Mitsubishi to join the merged company later. However, Ghosn's November 2018 arrest in Japan and dismissal from both Nissan and Mitsubishi, which left Saikawa in charge of Nissan, immediately ramped up
5661-599: The Renault-Nissan-Mitsubishi alliance recorded an increase of 6.5% compared to 2016. The Alliance committed €4 billion (around US$ 5.2 billion) into its electric vehicle and battery development programs with the aim to become the leader in zero-emission transportation. Carlos Ghosn , Chairman and CEO of the Renault–Nissan Alliance predicted that by 2020 one in 10 new car sales will be an electric vehicle. The first electric car based on this investment
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#17330852252325772-484: The Renault–Nissan Alliance launched an $ 1.8 billion "Brazilian offensive" with two plants and a combined annual capacity of 580,000 vehicles per year. Nissan invested 2.6 billion Brazilian reais (US$ 1.5 billion or €1.1 billion) to construct an all-new manufacturing facility and to develop, industrialize and launch new products in Resende, Rio de Janeiro . The all-new Nissan factory, which began production in
5883-538: The Renault–Nissan–Mitsubishi Alliance continued to be one of the world's leading all-electric vehicle manufacturers, with all-electric global sales totaling over 1 million light-duty electric vehicles, including those manufactured by Mitsubishi Motors since 2009. The Alliance listed as the world's leading all-electric vehicle manufacturer until surpassed in early 2020 by Tesla , with about 900,000 electric cars. Nissan leads global sales within
5994-583: The United States, China and Japan between Nissan, Infiniti and Daimler. Daimler will reportedly provide current 4- and 6-cylinder petrol and diesel engines to Infiniti. In January 2012, the companies announced they would jointly produce engines in Nissan's plant in Decherd, Tennessee. The collaboration marks the first production of Mercedes-Benz engines in the North America Free Trade region. The Tennessee plant's strategic location and logistics links ensure
6105-469: The alliance will be greater than those from individual efforts. The alliance often involves technology transfer (access to knowledge and expertise), economic specialization , shared expenses and shared risk. A strategic alliance will usually fall short of a legal partnership entity, agency, or corporate affiliate relationship. Typically, two companies form a strategic alliance when each possesses one or more business assets or have expertise that will help
6216-436: The alliance. So nowadays managing an alliance focuses on leveraging the differences to create value for the customer, dealing with internal challenges, managing daily competition of the alliance with competitors and Risk Management which has become a company-wide concern. The percentage of revenues for the top 1000 U.S. public corporations generated by strategic alliances increased from 3-6% in the 1990s to 40% in 2010, which shows
6327-509: The auto industry requires huge investments in technology. Although Nissan is larger and slightly more profitable than Renault, the latter has a theoretical control over the Alliance due to its significant voting stake in Nissan and its Nissan board seats (contrasted with Nissan's non-voting stake in Renault). In addition, the single largest shareholder in Renault is the French government , which may have
6438-558: The car industry that this works. Not one example. And saying something different is just rubbish." According to public statements, the goal of the Alliance was to increase economies of scale for both Renault and Nissan without forcing one company's identity to be consumed by the other's. After forming, the Alliance achieved its scale and also sped time to market by jointly developing engines, batteries and other key components. For instance, Nissan's market share increases in Europe's competitive light commercial vehicle segment have been partly
6549-433: The companies also work closely on supply chain management and manufacturing issues. On 12 December 2012, the Renault–Nissan Alliance became the long-term controlling shareholder of AvtoVAZ , Russia's largest car company and owner of the country's biggest selling brand, Lada. According to the terms of the deal, Renault–Nissan is investing 23₽ billion (US$ 742 million) for 67.13% of the joint venture by mid-2014. As part of
6660-432: The companies lead to the need for constant innovation for competitive advantage. The focus of strategic alliances relocated on the development of capabilities and competencies. For companies there are many reasons to enter a strategic alliance: Disadvantages of strategic alliances include: The success of any alliance very much depends on how effectively the capabilities of the involved enterprises are matched and whether
6771-427: The companies separated). At the time it was created, Renault bought 36.8% of Nissan's outstanding stock for $ 3.5 billion pending court approval and Nissan vowed to buy into Renault when it was financially able. In 2001, after the company's turnaround from near-bankruptcy, Nissan took a 15% stake in Renault, which in turn increased its stake in Nissan to 43.4%. In 2002, the Alliance created the Renault–Nissan BV (RNBV),
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#17330852252326882-469: The companies should separate. Carlos Ghosn , the founding chairman and CEO of the Alliance, is a Brazilian-Lebanese-French businessman who was also chairman and CEO of Nissan Motors until November 2018 and held the same positions at Renault for two months longer. Ghosn compared the Renault–Nissan partnership to a marriage: "A couple does not assume a converged, single identity when they get married. Instead, they retain their own individuality and join to build
6993-450: The company "Reuters Limited", dropping the apostrophe. In 1919, a number of Reuters reports falsely described the anti-colonial March 1st Movement protests in Korea as violent Bolshevik uprisings. South Korean researchers found that a number of these reports were cited in a number of international newspapers and possibly negatively influenced international opinion on Korea. In 1923, Reuters began using radio to transmit news internationally,
7104-441: The contract being signed. Steps include: There are several ways that a strategic alliance can come to an end: Reuters Reuters ( / ˈ r ɔɪ t ər z / ROY -terz ) is a news agency owned by Thomson Reuters . It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest and most trusted news agencies in
7215-433: The cornerstone of the "Système de Production Renault" standard used by all Renault plants. Renault reported productivity increasing by 15 percent due to the new system. The Alliance began on 27 March 1999. At the time, the auto industry was in a period of rapid consolidation. Numerous companies merged or were acquired in high-profile deals, most notably Daimler's acquisition of Chrysler in 1998 (which dissolved in 2007, when
7326-436: The current version of the text. This had the effect of confusing readers, and suggests that the former president was involved in corruption and the comment was attributed to him. Reuters later confirmed the error, and explained that the comment, originating from one of the local editors, was actually intended for the journalist who wrote the original text in English, and that it should not have been published. In November 2019,
7437-399: The deal, Renault–Nissan chairman and CEO Carlos Ghosn will become chairman of the board of the joint venture, called Alliance Rostec Auto BV. The Alliance's market share objective in Russia is to expand from 33 to 40% by 2015 with AvtoVAZ. Strategic alliance The alliance is a cooperation or collaboration which aims for a synergy where each partner hopes that the benefits from
7548-491: The effect of placing Nissan policy under French government control and has contributed to resentment over the terms of the Alliance within both Nissan and Japan. To strengthen French shareholder control over French companies, France passed the "Florange law" in 2014 that automatically doubled the voting power of long-term shareholders unless the company opted out, which gave France's 15% stake in Renault significantly more voting power and control rights. In April 2015, Renault brought
7659-531: The effort. By collaborating on the fuel cell stack and other system components, Ford, Daimler and Renault-Nissan hope to improve the technology and produce at a large scale. With a higher production volume, these automakers expect to generate economies of scale and offer more affordable cars. In June 2014, the Alliance and Daimler announced they would jointly develop premium compact vehicles and jointly manufacture them in Aguascalientes, Mexico , where Nissan already has an existing manufacturing complex. The arrangement
7770-415: The fast changing necessity to align in partnerships. The number of equity-based alliances has dramatically increased in the last couple of years, whereas the number of acquisitions has decreased by 65% since the year 2000. For a statistically examination over 3000 announced alliances in the USA have been reviewed in the years 1997 to 1997 and results showed that only 25% of these alliances were equity based. In
7881-424: The field of Strategic Alliances. Others see joint ventures as possible manifestations of Strategic Alliances. Some definitions are given here: Various terms have been used to describe forms of strategic partnering. These include ‘international coalitions’ (Porter and Fuller, 1986), ‘strategic networks’ (Jarillo, 1988) and, most commonly, ‘strategic alliances’. Definitions are equally varied. An alliance may be seen as
7992-452: The first half of 2014, have the capacity to produce up to 200,000 units annually and will create up to 2,000 jobs directly associated with the plant. Renault invested an additional 500 million reais (US$ 285 million or €212 million) to expand an existing factory in São José dos Pinhais . The expanded plant will have an annual capacity of 380,000 vehicles per year starting in 2013. During
8103-624: The first modern commercial deployment of the battery swapping model in Israel and Denmark, Better Place filed for bankruptcy in Israel in May 2013. Combined sales of Renault and Nissan models achieved the sales milestone of 400,000 all-electric vehicles delivered globally in January 2017. Groupe Renault global electric vehicle sales passed the 100,000 unit milestone in September 2016, with Zoe sales representing 54%,
8214-476: The full commitment of each partner to the alliance is achieved. There is no partnership without trade-offs, but the benefits of it must preponderate the disadvantages, because alliances are made to fill gaps in each others´capabilities and capacities. Poor alignment of objectives, performance metrics, and a clash of corporate cultures can weaken and constrain the effectiveness of the alliance effectiveness. Some key factors that have to be considered to be able to manage
8325-554: The idea, tended to dominate the Ring Combination. Its influence was greatest because its reserved territories were larger or of greater news importance than most others. It also had more staff and stringers throughout the world and thus contributed more original news to the pool. British control of cable lines made London itself an unrivalled centre for world news, further enhanced by Britain's wide-ranging commercial, financial and imperial activities. In 1872, Reuter's expanded into
8436-920: The jointly developed small car models are scheduled to begin in 2013. The smart plant in Hambach, France, will be the production location for two-seater versions, while the Renault plant in Novo Mesto in Slovenia will be the production location for the four-seater versions. Future models will also be available with an electric drive from launch. Powertrain sharing will focus on fuel-efficient, diesel and petrol engines. The Alliance will provide 3- and 4-cylinder petrol and diesel engines to Daimler. The companies have agreed to share powertrain and development work on future projects across both passenger cars and light commercial vehicles. The deal will allow powertrain sharing between Infiniti and Mercedes-Benz vehicles and regional co-operation in
8547-492: The leading light vehicle manufacturing group in the world. The Alliance adopted its current name in September 2017, one year after Nissan acquired a controlling interest in Mitsubishi and subsequently made Mitsubishi an equal partner in the Alliance. As of December 2021, the Alliance is one of the world's leading electric vehicle manufacturing groups, with global sales of over 1 million light-duty electric vehicles since 2009. The top selling vehicles of its EV line-up are
8658-501: The life of a strategic alliance, an internal structure occurs under which its functions develop. While operating it, the alliance becomes an own new organization itself with members from the origin companies with the aim of meeting all previously set objectives and improving the overall performance of the alliance which requires effective structures and processes and a good, strong and reliable leadership. Budges have to be linked, as well as resources which are strategically most important and
8769-548: The name Reuter's Telegram Company Limited; Reuter was appointed managing director of the company. In 1870 the press agencies French Havas (founded in 1835), British Reuter's (founded in 1851) and German Wolff (founded in 1849) signed an agreement (known as the Ring Combination) that set 'reserved territories' for the three agencies. Each agency made its own separate contracts with national agencies or other subscribers within its territory. In practice, Reuters, who came up with
8880-639: The news organisation, for which the Treasury would reimburse the BBC at a later date. The IRD acknowledged that this agreement would not give them editorial control over Reuters, although the IRD believed it would give them political influence over Reuters' work, stating "this influence would flow, at the top level, from Reuters' willingness to consult and to listen to views expressed on the results of its work." On 1 June 2020, Reuters announced that Russian news agency TASS had joined its "Reuters Connect" programme, comprising
8991-424: The number of strategic alliances increased dramatically. Some of these partnerships lead to great product successes like photocopiers by Canon sold under the brand of Kodak, or the partnership of Toshiba and Motorola whose joining of resources and technology lead to great success with microprocessors. In the 1990s, geographical borders between markets collapsed and new markets were enterable. Higher requirements for
9102-456: The operational skills and resources required for the competitive success of a venture. Partner-related criteria are associated with the efficiency and effectiveness of partner cooperation. The activities most often associated with the analysis phase are: The activities most often associated with the selection phase are: Forming a strategic alliance is a process which usually implies some major steps that are mentioned below: In this phase in
9213-430: The other by enhancing their businesses. Strategic alliances can develop in outsourcing relationships where the parties desire to achieve long-term win-win benefits and innovation based on mutually desired outcomes. This form of cooperation lies between mergers and acquisitions and organic growth. Strategic alliances occur when two or more organizations join together to pursue mutual benefits. Partners may provide
9324-496: The other side, synergies will be enhanced by our growing scale. Our total annual sales are forecast to exceed 14 million units, generating revenues expected at $ 240 billion by the end of the plan.” Beside the announcement of the new plan, the new logo and the new name of the Alliance had been launched. In September 2021, Mitsubishi Motors plans to end the development of car platforms for the Japanese market and instead use vehicle bases made by ally Nissan Motor beginning around 2026 as
9435-408: The performance of the alliance has to be measured and assessed. This phase focuses on creating frameworks both legally and organizational for the strategic alliance relationship, on agreeing and finalizing operational plans, making sure that key leadership is in place, and creating a formula for risk-and-reward that will motivates both parties to make the relationship a success. This phase ends with
9546-536: The product cycle spanning 2010–2015, Renault invested an additional 1 billion Brazilian reais (US$ 571 million or €423 million) to cover the development, industrialization and launch of new vehicles for Brazilian consumers. Purchasing for Renault and Nissan in Brazil operate through the common Renault–Nissan Purchasing Organization, which works closely with suppliers throughout Brazil to ensure that all parties maximize economies of scale. In addition to purchasing,
9657-628: The report of the inaccurate reporting trickled out to the public, Reuters' senior director of communication Heather Carpenter contacted media outlets asking them to take down their posts. In March 2015, the Brazilian affiliate of Reuters released an excerpt from an interview with Brazilian ex-president Fernando Henrique Cardoso about Operation Car Wash ( Portuguese : Operação Lava Jato ). In 2014, several politicians from Brazil were found to be involved in corruption, by accepting bribes from different corporations in exchange for Government contracts. After
9768-415: The report, and the man whose image was wrongly used was invited and interrogated for nine hours by Indian police. Reuters admitted to the error, but Raphael Satter claimed that they had mistaken the man for the suspected hacker Sumit Gupta because both men share the same business address. A check by local media, however, showed that both men were in different buildings and not as claimed by Raphael Satter. As
9879-400: The scandal, the excerpt from Brazil's president Fernando Henrique's interview was released. One paragraph by a former Petrobras manager mentioned a comment, in which he suggested corruption in the company may date back to Cardoso's presidency. Attached, was a comment between parenthesis: " Podemos tirar se achar melhor " ("we can take it out if 'you' think better"), which was removed from
9990-406: The stability of the Alliance's shareholding agreement and its long-term existence. These analysts also note that, because the companies' recent business strategies are interdependent, attempts to restructure the Alliance could be counter-productive for all of the members. In January 2023, Renault and Nissan moved to restructure their alliance in order to recover from Ghosn's arrest and manage through
10101-422: The strategic alliance with resources such as products, distribution channels, manufacturing capability, project funding, capital equipment, knowledge, expertise, or intellectual property. There are several ways of defining a strategic alliance. Some of the definitions emphasize the fact that the partners do not create a new legal entity, i.e. a new company. This excludes legal formations like joint ventures from
10212-528: The tensions between the Japanese companies and the French government, which was given no advance notice of the pending arrest. After Ghosn's departure from Nissan, Nissan stated that it was denied the opportunity to present evidence of Ghosn's malfeasance to Renault's board. Subsequently, Macron and the French government have reportedly informed the Japanese that they want the merger between Renault and Nissan to go forward and that they want to name Nissan's next chairman. In response, Nissan CEO Saikawa said that this
10323-549: The terms "contrary to the spirit of an alliance." Discussions ended without agreement in October 2006, when Ghosn said, "It's clear the two sides have completely different appetites for an alliance." Since 2010, the Alliance has undertaken a number of projects as part of a strategic cooperation deal with the German Daimler AG company. In 2014, Renault and Nissan combined various research and development, manufacturing and business operations to increase money savings, integrate
10434-573: The two companies and accelerate development. In May 2016, in the wake of the fuel-efficiency scandal uncovered by Nissan, Nissan began the acquisition of a 34% stake in Mitsubishi Motors , with the aim of making Nissan the largest and controlling shareholder of Mitsubishi and turning Mitsubishi Motors into a member of the Renault–Nissan Alliance (the "Alliance"). Nissan has said that they plan to share some car platforms and jointly develop future vehicles with Mitsubishi Motors. Nissan's acquisition of
10545-528: The versions of the pictures published by Reuters. Reuters said it is standard operating procedure to crop photos at the margins, and replaced the cropped images with the original ones after it was brought to the agency's attention. On 9 June 2020, three Reuters journalists (Jack Stubbs, Raphael Satter and Christopher Bing) incorrectly used the image of an Indian herbal medicine entrepreneur in an exclusive story titled "Obscure Indian cyber firm spied on politicians, investors worldwide". Indian local media picked up
10656-759: The way they imagined it and many of these partnerships fail to reach their defined goals. Some common mistakes are: Strategic alliances have developed from an option to a necessity in many markets and industries. Variation in markets and requirements leads to an increasing use of strategic alliances. It is of essential importance to integrate strategic alliance management into the overall corporate strategy to advance products and services, enter new markets and leverage technology and Research & Development. Nowadays, global companies have many alliances on inland markets as well as global partnerships, sometimes even with competitors, which leads to challenges such as keeping up competition or protecting own interests while managing
10767-545: The words of the late Steve Schneider, this is like adding some nonsense from the Flat Earth Society to a report about the latest generation of telecommunication satellites. It is absurd." Romm opined: "We can't know for certain who insisted on cramming this absurd and non-germane 'climate sceptics nonsense' into the piece, but we have a strong clue. If it had been part of the reporter's original reporting, you would have expected direct quotes from actual sceptics, because that
10878-545: The world's leading newspapers and many thousands of smaller ones", according to Britannica . In 1961, Reuters scooped news of the erection of the Berlin Wall . Reuters was one of the first news agencies to transmit financial data over oceans via computers in the 1960s. In 1973, Reuters "began making computer-terminal displays of foreign-exchange rates available to clients." In 1981, Reuters began supporting electronic transactions on its computer network and afterwards developed
10989-482: The world, who were accredited by the self-proclaimed authorities in the separatist -controlled regions of eastern Ukraine . In 2018, two Reuters journalists were convicted in Myanmar of obtaining state secrets while investigating a massacre in a Rohingya village. The arrest and convictions were widely condemned as an attack on press freedom . The journalists, Wa Lone and Kyaw Soe Oo, received several awards, including
11100-667: The world. The agency was established in London in 1851 by the German baron Paul Reuter . It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the news media division of Thomson Reuters. Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848 . These publications brought much attention to Reuter, who in 1850 developed
11211-579: The years 2000 to 2002 this percentage increased up to 62% equity-based alliances among 2500 newly formed alliances. In the analysis phase performance goals for the partnership are defined. These goals are used to determine the broad operational capabilities that will be required. In the selection phase those performance goals are used as some of the criteria to evaluate and select potential alliance partners. In addition, partner selection criteria can be categorised as being either task-related, or partner-related. Task-related selection criteria are associated with
11322-583: The ‘joining of forces and resources, for a specified or indefinite period, to achieve a common objective’. There are seven general areas in which profit can be made from building alliances. Some types of strategic alliances include: Michael Porter and Mark Fuller, founding members of the Monitor Group (now Monitor Deloitte ), draw a distinction among types of strategic alliances according to their purposes: Further kinds of strategic alliances include: Some analysts may say that strategic alliances are
11433-484: Was a significant shift in global policy, such as the US introducing an emissions cap-and-trade system. Very soon after that conversation I was told my climate change role was abolished. Ingrassia, formerly Reuters' managing editor, previously worked for The Wall Street Journal and Dow Jones for 31 years. Reuters responded to Fogarty's piece by stating: "Reuters has a number of staff dedicated to covering this story, including
11544-689: Was acquired by Thomson Corporation in Canada in 2008, forming Thomson Reuters. In 2009, Thomson Reuters withdrew from the LSE and the NASDAQ, instead listing its shares on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE). The last surviving member of the Reuters family founders, Marguerite, Baroness de Reuter , died at age 96 on 25 January 2009. The parent company Thomson Reuters
11655-402: Was appointed president and CEO. In April 2021, Reuters announced that its website would go behind a paywall , following rivals who have done the same. In March 2024, Gannett , the largest newspaper publisher in the United States, signed an agreement with Reuters to use the wire service's global content after cancelling its contract with the Associated Press . In 2024, Reuters staff won
11766-501: Was criticised again by Haaretz for "anti-Israeli" bias when it cropped the edges of photos, removing commandos' knives held by activists and a naval commando's blood from photographs taken aboard the Mavi Marmara during the Gaza flotilla raid , a raid that left nine Turkish activists dead. It has been alleged that in two separate photographs, knives held by the activists were cropped out of
11877-449: Was not the right time to discuss future capital ties between Nissan and Renault. Despite the conflict, each of the companies has reaffirmed its commitment to the Alliance; for example, Mitsubishi CEO Osamu Masuko said that the Alliance was essential "if we consider the many challenges the auto industry faces. I’ve never thought for once that it was a mistake to join" the Alliance. Nissan and Renault have also repeatedly said that dissolving
11988-586: Was the Nissan Leaf , launched in December 2010 in the United States and Japan. Between 2011 and 2013, Renault launched four zero-emissions (Z.E.) battery electric vehicles (BEVs), the Renault Kangoo Z.E. utility van, Renault Fluence Z.E. , Renault Zoe and the Renault Twizy urban quadricycle . Zero-emissions refers to no CO 2 emissions and no regulated exhaust pollutants while driving, that is, no tailpipe pollutants . Nissan's second all-electric vehicle,
12099-642: Was the London Morning Advertiser in 1858, and more began to subscribe soon after. According to the Encyclopædia Britannica : "the value of Reuters to newspapers lay not only in the financial news it provided but in its ability to be the first to report on stories of international importance." It was the first to report Abraham Lincoln 's assassination in Europe , for instance, in 1865. In 1865, Reuter incorporated his private business, under
12210-418: Was the performance of the product. The partners wanted to attain raw material at the best quality at the lowest price possible, the best technology and improved market penetration, while the focus was always on the product. In the 1980s, strategic alliances aimed at building economies of scale and scope. The involved enterprises tried to consolidate their positions in their respective sectors. During this time
12321-558: Was the world's top selling plug-in electric car in 2013 and 2014. Until 2019, the Nissan Leaf was the world's all-time top selling highway legal electric car with global sales of almost 450,000 units by the end of 2019. The Tesla Model 3 surpassed the Leaf in early 2020 to become the best selling electric car in history, with more than 500,000 sold by March 2020. The Zoe listed as the top selling all-electric car in Europe for two years running, 2015 and 2016. The Renault Kangoo Z.E. utility van
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