The March Of The Penguins Shouldnt Be This Difficult

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The March Of The Penguins Shouldnt Be This Difficult

It wasn’t easy, but the Pittsburgh Penguins kept their bid for a second-consecutive Stanley Cup alive on Thursday night, surviving the surprising Ottawa Senators with a double-overtime win in Game 7 of the Eastern Conference finals. On paper, there was little reason to think the Sens would pose much of a threat to the defending champs, let alone take them into the 85th minute of Game 7. But that’s the way things have been for Pittsburgh all playoffs long.Chris Kunitz’s game-winning goal saved Pittsburgh from what would have been the biggest conference-finals upset since 1996, when the Florida Panthers knocked off a very different version of the Penguins. According to Hockey-Reference.com’s Simple Rating System (SRS), Pittsburgh ranked fourth in the league during the regular season (0.59 goals per game better than average), while Ottawa ranked a distant 18th (0.01 goals per game below average).1In 1996, the Pens ranked third and the Panthers ranked eighth, though the gap between the two teams — 0.6 goals — was just as big as the gap between Pittsburgh and Ottawa this season.It was the second series in a row that Pittsburgh has been taken the distance by its opponent, after Washington pushed them to seven games in the conference semifinal. To their credit, the Penguins weathered each onslaught; they even outgunned the Sens by 45 combined shots in the East final, including 49 over the series’ final four games. But Pittsburgh has also been living dangerously. Its even-strength possession metrics over the entire playoffs are not as good as they were during last year’s run to the Cup final, nor do they compare well with the postseason numbers of the Penguins’ upcoming opponent, the Nashville Predators.The Preds didn’t play particularly great hockey during the regular season — they ranked 13th in SRS (in part because brilliant defenseman P.K. Subban missed 16 games with an injury). But they’ve saved their best work for the playoffs, where they rank second in possession rate (Pittsburgh is 12th out of 16 teams) and first in SRS2Playoff SRS is calculated by adjusting each team’s playoff goal differential for the regular-season SRS ratings of the teams they’ve played, with a home-ice advantage adjustment to account for where each game was played. (Pittsburgh is second). Pittsburgh was better in the regular season, but Nashville’s been the hotter team of late.So which situation would you rather be in, heading into next week’s series? Intuition might say it’s better to be the comparatively less worn-down Preds, rolling with the more impressive postseason stats. But history suggests otherwise. Going back to 1988,3The earliest season of data in Hockey-Reference’s indispensable game finder tool. there have been 14 cases in which one Stanley Cup finalist had the better regular-season SRS, but its opponent had the superior SRS in the playoffs leading up to the final.414 other times, SRS from both the regular season and postseason agreed who the better team was; those clear favorites won their series 79 percent of the time. Of those, the better regular-season team won the Cup nine times (64 percent). And that’s not even considering that the Penguins’ regular-season edge was slightly wider than the typical favorite’s, or that they’ll have home-ice advantage in the final.If we’ve learned anything about the Penguins these playoffs, it’s that they rarely make things easy. (And if we’ve learned anything about the NHL since 1998, it’s that repeating as a champion is really hard.) But a grueling, complicated postseason run isn’t necessarily a handicap in the Stanley Cup Final, if you’ve had a championship track record all season long. read more

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Urban Meyer Buckeyes not taking dangerous Fighting Illini lightly

Urban Meyer might’ve sized up Ohio State football’s season in a sentence. “At times, we’re really good,” the Buckeyes coach said. “At other times, we’re not.” In a year highlighted with triumphs against Michigan State, Nebraska and Penn State, the Buckeyes have often looked the part of their No. 6 national ranking. Rather bewildering, sloppy melees against perceived-to-be inferior competition in contests against the likes of Purdue, Indiana, California, Central Florida and Alabama-Birmingham often has, convincingly, suggested otherwise. At an impressive 9-0, it’s hard to look at the Buckeyes one way or the other without remaining cognizant of the juxtaposition between an OSU team playing in the spotlight and when it’s not. Buckeye cornerback Bradley Roby said it’s a matter that’s been addressed. “I mean, that’s just all mental mistakes that you have to fix,” the redshirt sophomore said. “You have to play (at a) high level every week. You see Alabama, they don’t care who they play against, they play at a high level. “That’s the (kind of) teams that we think that we’re at the same level with, so we have to play dominant like them … we have to come out and dominate from the very beginning.” An argument could certainly be made that the Crimson Tide – college football’s defending national champions – are playing at a higher level than the Buckeyes. But here Meyer and OSU are, undefeated nine games into his first season at the helm in Columbus and off to the program’s best start since 2007. Regardless of a game-to-game ebb and flow this year, OSU has found ways to win the types of games it probably would’ve collapsed in 2011. At 9-0, Meyer might have the Buckeyes back to believing they can win again. Which is all Buckeye Nation can ask for, right? While the former Florida coach has successfully and effectively navigated OSU this far, his squad has yet to put together a win since its opener against Miami (Ohio) where they’ve blown out their competition. A place like OSU, Roby said, demands more. “That’s typical for Ohio State football,” he said “and we haven’t done that yet this year.” Roby and the Buckeyes, though, might have a chance to do that against a struggling Illinois team (2-6, 0-4 Big Ten) on Saturday at 3:30 p.m. “That’s something we kinda want to do this game coming up,” Roby said. The Thorpe Award semifinalist, though, said they’re not taking the Illini lightly. History suggests they shouldn’t, either. Despite their 0-3 record on the road in coach Tim Beckman’s first season in Urbana-Champaign, Illinois has won three of the last five meetings in Columbus (1999, 2001, 2007). Maybe more ironic is the fact the Illini snapped the Buckeyes’ 10-0 start in 2007 with a 28-21 toppling of the then-ranked No. 1 team in the nation. Now, nearly five years later, Illinois finds itself again in a position to thwart this OSU team’s attempt to match that record for the first time since. “I think they’re very dangerous,” Meyer said Wednesday at the Woody Hayes Athletic Center. “I think Illinois’ got every bit as much talent as we do.” Meyer said if the Buckeyes execute and “find a way” to win, they should be okay. And while that concept might not be astrophysics, it could be the difference between OSU putting together what some might call a complete game, compared to contests where they stumbled out of the gate. If anything, though, Meyer said Illinois might be another look in the mirror, another gut check, another chance to see what the Buckeyes are and what they’re not. “Here’s the thing: how good are we? That’s the question we’re asking ourselves,” Meyer said. Good enough to be 9-0? Their record speaks for itself. Good enough to be 10-0? Roby said the Buckeyes aren’t succumbing to the weight of such a feat. “Nah, no pressure. No pressure,” he said. “We feel like we can win every game, we said it at the beginning of the season, so why not? Why give up? Why stop right now?” Kickoff for OSU’s second-to-last home tilt of the season against the Illini is set for 3:30 p.m. Saturday. read more

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PM Narendra Modi star Vivek Oberoi receives death threats from Naxalites gets

first_imgVivek OberoiVarinder ChawlaVivek Oberoi, who will be seen in Prime Minister Narendra Modi’s biopic, has reportedly received death threats from Naxalites over the release of the movie on Friday. While investigation regarding the case is going on, Vivek has been provided with police protection. Meanwhile, ever since the actor has announced that he will star in PM Modi’s biopic, Vivek has found himself making headlines for the wrong reasons.First, the movie, which was set to release on April 5, was postponed to May 24 after the Election Commission asked the makers to release the film after the Lok Sabha elections.Secondly, Vivek, who has been active on social media, landed in a row with actor-turned-politician Kamal Haasan over his ‘first terrorist was Hindu’ remark. Vivek had said that Haasan should not divide the country. He had also slammed West Bengal Chief Minister Mamta Banerjee.And, he found recently himself in another controversy after sharing a meme that compared his ex Aishwarya Rai Bachchan’s relationships from past to present with that of the opinion and exit polls. The meme featured Salman Khan, Aishwarya and Abhishek Bachchan besides Vivek himself. Many of his fellow industry people including Sonam Kapoor, Anupam Kher, Madhur Bhandarkar blasted the actor for such insensitive tweet. Vivek also received a notice from Maharastra State Commission for Women. He later apologised for the same and also deleted his tweet. Vivek Oberoi plays Prime Minister Narendra ModiTwitter/VivekOberoilast_img read more

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UN calls Myanmar massacre alarming

first_imgTen Rohingya Muslim men with their hands bound kneel in Inn Din village on 1 September 2017. ReutersThe United Nations on Friday described the details of a Reuters investigation into the killing of Rohingya Muslims in Myanmar as “alarming” and said it showed the need for a thorough probe into the violence in the country’s Rakhine state.”We’re aware of this latest report, the details of which are very alarming. This once more attests to the need for a full and thorough investigation by the authorities of all violence in Rakhine State and attacks on the various communities there,” UN spokesman Farhan Haq told reporters.UN Secretary-General Antonio Guterres has called for the release of the two detained journalists and continues to press for that, Haq said.last_img read more

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The video market on fixed and mobile networks worl

first_imgThe video market on fixed and mobile networks worldwide is likely to grow by an average of 3.2% between now and 2025, according to French research group IDATE.The estimated growth figures include average 2% growth for live TV and 14% annual growth for on-demand services.Growth will be lower in developed markets, according to IDATE. Across Germany, France, the UK, Italy, and Spain, average annual growth will stand at 1.6% from 2013 to 2025, with the live TV market, including broadcasters’ catch-up TV services,  in decline by 0.7%, while on-demand services experience an average annual increase of 18.5%.IDATE said that, while growth was likely to follow this ‘middle of the road’ pattern, it has also provided best and worst case scenarios. In the worst case, it said, disruptive entrants will lead the video services market in the top five EU states to decline by an average of 0.8% a year. In the best, case, growth could amount to 3.9% annually, including 2% growth for live broadcasting services.last_img read more

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Kudelski Group owner of content security speciali

first_imgKudelski Group, owner of content security specialist Nagra, has named Dave Luken as CEO of Skidata, the Group’s Public Access division, which develops solutions to manage access to parking facilities, ski resorts, stadiums, fairs, and amusement parks.Luken will report to André Kudelski, CEO of the Group, and will lead the Public Access business into the next phase of its evolution. His initial focus will be to improve profitability and cash flow generation by optimising operations and leveraging tighter cooperation with the other global product units and support functions of the group and he will also further develop Skidata’s global strategy for its next generation of solutions for people and vehicle access management.Luken previously worked at Honeywell, where he held several positions before being appointed VP of its global Airlines Business Segment. Following his time at Honeywell, Dave joined Zero Mass Water, a technology company advancing global water quality and resilience.“We are very pleased to welcome Dave Luken to the Group. Dave is a recognized global technology leader,” said Kudelski. “I am confident he will further build on the successes that the Skidata team has achieved over the past years. I would also like to thank Hugo Rohner for his positive contributions, particularly in expanding the global footprint of Skidata, and I wish him all the best for the future.”After a transition period, Rohner will pursue new opportunities outside of the Group.last_img read more

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In This Issue… More thoughts on bonds … RBA

first_imgIn This Issue… * More thoughts on bonds … * RBA greases the tracks… * German DAX outperforms S&P… * Yen repatriation is over… And, Now, Today’s Pfennig For Your Thoughts! Strong PMI’s All Around The Globe! Good day… And a Tom Terrific Tuesday to you! A tricky, but successful first day on our brand spanking new computer system was had yesterday… Still some things to work out, but as our first IT guy used to say, “it’s not a bug, it’s a feature”, still rings true! So, onto day 2, and let’s see what’s in store for us today! Which is very similar to the currencies and metals… let’s see what’s in store for them today, eh? The volatility continues to rain down on these two asset classes… But in the whole scheme of things, the dollar remains in the down trend, and will remain there, with blips higher from time to time, until we correct the debt / deficit problem, or at least, get on the road to correcting them, but as I like to say in my presentations, the U.S. GPS navigation system isn’t working, for they can’t even find the road to correction! Ok… I spent a lot of time yesterday talking about the nearing end of the long standing bond rally… Here’s another thing to keep in mind regarding that thought, and that is: That the Fed’s Twist & Shout, I mean, Operation Twist, will end in the 2nd QTR… which means that the market will have to absorb more than 70% more in bonds per quarter going forward… and that alone could very well be enough to send yields even higher! Well, yesterday I also talked about the Chinese PMI (manufacturing index) and how strong it printed… Well, it must be something that’s catching around the globe, because not only did the U.S. too print a stronger than expected PMI (we call it ISM), but so too did Canada! And that’s a real good sign for global growth, folks… And like I said yesterday, the proxy for global growth has always been the Australian dollar (A$), and I do believe the A$ will continue to be supported by the global growth machine that’s beginning to show up around the world. Right now, the A$ is feeling a bit pinched because the Reserve Bank of Australia (RBA) sounded quite dovish last night, and mentioned rate cuts in their statement, which sounded like…. “Interest rate expectations are going to fall, and this will continue weigh on the Aussie dollar”… As I said yesterday, I don’t see the need for the rate cuts, given the data I’ve seen, but this whole scenario plays well with James Rickards’ book Currency Wars… The thing I didn’t talk about yesterday, with China’s manufacturing report is that the reports of a hard landing for the Chinese economy seem to be exaggerated, eh? Recall that I’ve said all along that I believed that the Chinese economy would “moderate”, not collapse… The U.S. stock rally continues to amaze me… But then, the Fed has been priming the stock market pump for some time now, so eventually, we should have seen a stock rally… But I saw something this morning that caught my eye… The German DAX is beating the S&P 500 by the most since 2006… Again, this is a result of the global growth news… But let’s not downplay this move in the DAX, for the German stock index has topped every developed market tracked by Bloomberg this year… As I’ve said for some time now… if we could just buy Germany… but we can’t, not without all the baggage… Speaking of the baggage, while everyone is focused on Spain… Ireland is beginning to rumble again… But yet, the euro gains in value… It’s called relative value… Here in the U.S. we saw a data print on Friday, that I failed to talk about yesterday, basically because the news item was buried in the over 850 emails I had to sift through yesterday… Recall me talking about the TV commercial from the world famous St. Louis rock station, KSHE, where the daughter is appalled that her dad hears the opening chords to the song, Brown Sugar, and begins to play the air-guitar, and she cries… “Mom, he’s doing it again”… Well, that same thing could be played out for the U.S. Consumer… Once again, we are on a path to destruction, as we spend more than we make… Personal Spending in February was stronger than expected at .8%, while Personal Income was up only .2%, thus causing a drop in the savings rate from 4.3% to 3.7%… But it’s not just one month here folks… January and December spending rates were revised upward… When will we ever learn? When, will, we, ever, learn? But this is what the Fed wants… they’ve primed the pump for another bubble, folks… you never know where a bubble is going to pop up, but with all the Quantitative Easing, stimulus, and everything else that’s gone into reviving the U.S. Consumer, a bubble was imminent… While I’m on stuff here in the U.S., this Friday will be the Jobs Jamboree for April, using March jobs data… This Friday is also Good Friday for those of us that observe Easter, which means the stock market will be closed, so a large piece of the markets will be missing… and that could cause some very volatile reaction to the jobs number… Right now, the “experts” are thinking that 205,000 net jobs were created in March… But going back over the years on Good Friday, the Jobs Jamboree has held some HUGE surprises for the markets… Since 1994, there have been 5 previous Good Friday Job Jamborees, and 3 of the 5 held some HUGE surprises to the upside for the Jobs Jamboree participants… So, we need to keep that in mind as we head into Friday… The price of Oil rebounded by $2 yesterday, back to $104… but for the most part, the petrol currencies are not reacting to that move… There comes a time when the volatility in the asset prices just becomes noise, and the assets just don’t react to the daily gyrations… As I like to say, they become Comfortably Numb… The Brazilian real has really fallen on difficult times, as once again the Brazilian Gov’t complains about Currency Wars, but then goes about doing what it can to weaken its own currency… We’ve seen several of these moves to weaker values in the real over the years, only to be eventually reversed… I don’t know if this is another case where a reversal will be seen, but at least you are armed with the fact that the real has reversed in the weak moves in the past… The price of Gold is pretty flat this morning… I read a report from Jeff Clark of Big Gold yesterday that really made sense to me, and plays well with my “everyday observations”… What Jeff wrote about was that the price of Gold is being supported by the fact that “real interest rates” in the U.S. are negative… He points out that the Fed continues to say that current rates will remain near zero for at least another year, and maybe longer. He then points out what I’ve pointed out for some time now that inflation continues to grow higher, which means the “real interest rate” will remain negative… For those of you new to class, “real interest rates” are derived from the net of bellwether, 10-year Treasury yield, minus inflation… Ok… enough of that! The Japanese yen continues to defy gravity… The need for the “safe haven” trade in yen is over… but I think for the most part that March repatriation of yen which is what we see every year, offset the unwinding of safe haven trades… So, Bullwinkle, what do you have up your sleeve to amaze the markets now? I still don’t think yen is a so-called safe haven, and I certainly don’t think that it has much else going for it, at this point. Then There Was This… So… did you hear about the CFTC (Commodities, Futures Trading Commission), accusing the Royal Bank of Canada (RBC) of “wash trades”? here’s the skinny and then my thoughts… From the Wall Street Journal… “U.S. regulators alleged a “wash trading scheme of massive proportion” by Royal Bank of Canada, which was accused in a lawsuit of unlawfully trading hundreds of millions of dollars in stock futures in order to get tax benefits. The Commodity Futures Trading Commission filed the civil lawsuit against the Canadian bank in the Southern District of New York on Monday. The CFTC alleged that Royal Bank of Canada broke laws banning “wash trades,” or trades a firm does with itself to make it look as if stocks or other securities have been bought and sold.” Chuck again… OK… RBC denies these claims, and said, the allegation was “absurd.” And the spokesperson went onto say that, “The lawsuit is “meritless and we will rigorously defend ourselves against such baseless allegations.” Well… that’s all fine and good… but I want to know when the CFTC is going to do anything about the allegations that the whistle blower made about metals price manipulation… To recap… Manufacturing around the world is on an upswing, which is good news for the global growth campers… China, the U.S. and Canada all reported stronger than expected manufacturing index numbers. The RBA left rates unchanged but greased the tracks for future rate cuts… I still don’t believe they are necessary, but the RBA seems to have an axe to grind here. Be careful of the Good Friday Jobs Jamboree this week… Currencies today 4/3/12… American Style: A$ $1.0380, kiwi .8225, C$ $1.0085, euro 1.3345, sterling 1.6015, Swiss… $1.0185, … European Style: rand 7.6680, krone 5.6705, SEK 6.5865, forint 220.10, zloty 3.0945, koruna 18.4375, RUB 29.28, yen 82, sing 1.2515, HKD 7.7645, INR 50.67, China 6.2862, pesos 12.75, BRL 1.8315, Dollar Index 78.80, Oil $104.44, 10-year 2.18%, Silver $32.98, and Gold… $1,678.55 That’s it for today… Congrats to the Kentucky Wildcats on their NCAA Basketball Championship… I held Kentucky in our office pool that we do for fun… it just means I get to buy lunch! I feel bad for missing this, but it was my first day back yesterday… But Happy Birthday to both Tim Smith and Antione Lawrence who celebrated birthdays on April 1 and 2 respectively… I got to see Alex play a little at his Water Polo game last night. His team was winning by a large margin, so the freshmen all got more playing time… Last week, he scored 6 goals in a game! Little Braden Charles was at the game, and we exchanged Aw’s before he fell asleep. How anyone can sleep at a Water Polo Game is unbelievable, but he did! And with that, I’ll get out of your hair for today… I thank you for reading the Pfennig, and hope you can go out and have a Tom Terrific Tuesday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837 www.everbank.comlast_img read more

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A new carbon material with Na storage capacity over 400mAhg

first_img (a) Schematic illustration of charge-discharge voltage profiles of the carbon anode and Na0.9Cu0.22Fe0.30Mn0.48O2 cathode, respectively. Electrochemical performance of the carbon anode//Na0.9Cu0.22Fe0.30Mn0.48O2 the full cell, (b) Charge-discharge curves, (c) Rate capability and (d) Cycling performance. Credit: Science China Press Electrochemical properties of this anode in half cells. (a) Galvanostatic discharge-charge curves, (b) CV curves, (c) Cycling performance and (d) Rate capability. Credit: Science China Press Developing high-capacity carbon anode materials can further improve the energy density of sodium-ion batteries (NIBs). Recently, researchers from the Institute of Physics, Chinese Academy of Sciences (IOP-CAS), reported a high-capacity carbon anode (~400 mAh g-1) for NIBs. The results are published in Science Bulletin. A lightweight carbon nanofiber-based collector Electrochemical properties of this anode in half cells. (a) Galvanostatic discharge-charge curves, (b) CV curves, (c) Cycling performance and (d) Rate capability. Credit: Science China Press (a) XRD pattern of the as-prepared sample indexed with amorphous and graphitized peaks. (b) Raman spectra of D, G, D+D”, 2D, D+G and 2D’ bands. Credit: Science China Press Since 2010, sodium-ion batteries (NIBs) have been intensively investigated because of their cost and resource advantages and possible applications in large-scale energy storage systems. However, the energy density of current NIBs remains a serious challenge, hindering large-scale commercial applications. Hard carbon is one of the most promising anodes in the early commercial NIBs for high capacity (~330 mAh g-1), good cycling stability, high initial Coulombic efficiency, reasonable cost, and the natural abundance of precursor materials.Although extensive efforts have been devoted to the development of high-performance carbon anode materials, a consistent behavour in the discharge-charge curve is often presented with two distinct regions: a slope region above ~0.1 V and a plateau region below ~0.1 V. Usually, the plateau region exhibits a higher capacity than that of the slope region, and a high-capacity carbon anode often shows a large proportion of the plateau capacity, which could further increase the energy density of a full cell in terms of the average voltage to some extent. Therefore, designing and discovering a carbon anode with a large proportion of the plateau capacity can be a potential approach to increase the energy density of NIBs.Recently, the team of Prof. Yong-Sheng Hu at the Institute of Physics, Chinese Academy of Sciences (IOP-CAS) reported a bi-honeycomb-like architecture carbon material by carbonizing a kind of charcoal in a high-temperature graphite furnace at 1900 °C. This carbon anode shows a high capacity of ~ 400 mAh g-1, which is higher than the ~ 330 mAh g-1 capacity of current hard carbon materials. About 85 percent (> 330 mAh g-1) of its total capacity is derived from the long low-potential plateau below ~ 0.1 V, which differs from the curves of typical hard carbon materials of NIBs. When coupled with air-stable Na0.9Cu0.22Fe0.30Mn0.48O2 layered cathode, a high energy density of ~240 Wh kg-1 was obtained with good rate capability and cycling stability. The discovery of this promising carbon anode is expected to draw further research toward high-energy-density NIBs for large-scale electrical energy storage. Explore further (a) Schematic illustration of charge-discharge voltage profiles of the carbon anode and Na0.9Cu0.22Fe0.30Mn0.48O2 cathode, respectively. Electrochemical performance of the carbon anode//Na0.9Cu0.22Fe0.30Mn0.48O2 the full cell, (b) Charge-discharge curves, (c) Rate capability and (d) Cycling performance. Credit: Science China Press This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Provided by Science China Press Citation: A new carbon material with Na storage capacity over 400mAh/g (2018, September 20) retrieved 17 July 2019 from https://phys.org/news/2018-09-carbon-material-na-storage-capacity.html More information: Chenglong Zhao et al, High-temperature treatment induced carbon anode with ultrahigh Na storage capacity at low-voltage plateau, Science Bulletin (2018). DOI: 10.1016/j.scib.2018.07.018last_img read more

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Old partner Nissan left sidelined by RenaultFiat merger

first_img © 2019 AFP “It’s an ill thought-out and badly conceived plan,” fumed one source close to Nissan, who did not wish to be identified, in response to the Fiat-Chrysler “50/50″ merger proposal that would potentially create the world’s third-largest carmaker.It is a bitter pill to swallow for Nissan, which appeared to be completely left in the dark about the project and is already battling falling sales amid reputational damage from the downfall of Ghosn, who is fighting financial misconduct charges.Behind the scenes at the Yokohama-based firm, people believe it could further damage relations with Renault, which is already pushing for a formal merger between the pair against Nissan’s wishes.”Nissan appears to be being kept out of the loop, which is unpleasant for Nissan and may create unnecessary distrust of Renault among Nissan people,” analyst Satoru Takada at TIW, a Tokyo-based research and consulting firm, told AFP.Putting a brave face on it, Nissan CEO Hiroto Saikawa told reporters on Monday he was “open to constructive discussions to strengthen the alliance” and the subject will surely be raised in a meeting on Wednesday with Renault boss Jean-Dominique Senard.Nissan and Renault, with headquarters 10,000 kilometres (6,000 miles) apart and very different histories and cultures, have always been seen as unlikely bedfellows and Ghosn was instrumental in keeping the alliance together.With his downfall after a Nissan-led investigation, the glue bonding the pair since 1999 has been removed and relations have quickly gone downhill.”Renault’s top priority is now FCA,” said Takada.”For Nissan, the speculated merger is not a plus. With the merger, Nissan’s position in the alliance would be relatively lowered and its independence could be flawed.”Fiat’s offer, which Renault is studying “with interest”, shows its Japanese partner that “it is no longer as important in its eyes,” relegating it into third place, according to Christopher Richter, analyst at Tokyo-based CLSA.’Important block’However, according to a well-informed source, “the door is open” for Nissan to join the tie-up, despite a recent downturn in its sales figures.”Nissan is still an important block in their puzzle, given it has good coverage of China, where neither Renault nor FCA are strong,” said one auto sector analyst who asked to remain anonymous.Nissan also brings to the party its Japanese partner Mitsubishi Motors, which has a strong presence in south-east Asia.If all firms were brought together, they would be producing nearly 16 million cars per year, well ahead of Toyota and Volkswagen which both sell around 10.6 million. And in any case, after 20 years, Nissan is too closely integrated with Renault to consider a divorce, no matter how low relations sink.”There are too many joint projects,” said one source close to the Japanese firm.”The alliance in its current form can not be defeated, it is already irreversible.”Investors however did not seem to cheer the news. While Renault and Fiat shares went through the roof, climbing 13 and 18 percent respectively at the open, Nissan stock enjoyed a muted rise of just more than one percent. Nissan, a long-time Renault partner, has been left sidelined by a potential tie-up between the French firm and Fiat-Chrysler, just as the beleaguered Japanese firm battles to recover from the arrest of former boss Carlos Ghosn. Citation: Old partner Nissan left sidelined by Renault-Fiat merger (2019, May 27) retrieved 17 July 2019 from https://phys.org/news/2019-05-partner-nissan-left-sidelined-renault-fiat.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.center_img Renault, Fiat Chrysler in tie-up talks Explore further Ghosn was seen as the glue keeping the Renault-Nissan alliance togetherlast_img read more

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