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Nissan didn't have much say in merger talks, but it had what FCA wanted

TOKYO — Nissan wasn't consulted on the proposed merger between its alliance partner Renault and Fiat Chrysler, but the Japanese automaker's reluctance to go along may have helped bring about the surprise collapse of the talks. While Nissan Motor Co. had a weaker bargaining position from the start, with its financial performance crumbling after the arrest last year of its star executive Carlos Ghosn, it still had as its crown jewel the technology of electric vehicles and hybrids that Fiat Chrysler wanted. The board of Renault, meeting Thursday, didn't get as far as voting on the proposal, announced last week, which would have created the world's third biggest automaker, trailing only Volkswagen AG of Germany and Japan's Toyota Motor Corp. When the French government, Renault's top shareholder with a 15% stake, asked for more time to convince Nissan, Fiat Chrysler Chairman John Elkann abruptly withdrew the offer. Although analysts say reviving the talks isn't out of the question, they say trust among the players appears to have been broken. "The other companies made the mistake of underestimating Nissan's determination to say, 'No,' " said Katsuya Takeuchi, senior analyst at Mitsubishi UFJ Morgan Stanley Securities in Tokyo. The Note, an electric car with a small gas engine to charge its battery, was Japan's No. 1 selling car, the first time in 50 years that a Nissan beat Toyota and Honda. Renault and Fiat Chrysler highlighted possible synergies that come from sharing parts and research costs as the benefits of the merger. But what Fiat Chrysler lacks and really wanted was what's called in the industry "electrification technology," Takeuchi said. With emissions regulations getting stricter around the world, having such technology is crucial. Yokohama-based Nissan makes the world's best-selling electric car Leaf. Its Note, an electric car equipped with a small gas engine to charge its battery, was Japan's No. 1 selling car for the fiscal year through March, the first time in 50 years that a Nissan model beat Toyota and Honda Motor Co. for that title. Nissan is also a leader in autonomous-driving technology, another area all the automakers are trying to innovate. "Although Nissan had no say, its cautionary stance on the merger ended up being very meaningful," Takeuchi said.

Fiat previews a new Panda, and a whole Panda-based range of global cars

Fiat isn't attending the Geneva Motor Show, but that hasn't stopped it from going to Geneva ... Italy. That's right, there's a dainty patch of ground in Brescia called Ginevra, which is Italian for Geneva. Fiat CEO and Stellantis' chief marketing officer Olivier Francois has pulled another sly one, hosting his own miniature auto show at a bar in Ginevra to showcase Fiat's coming range of global models. The presentation is all about the Panda, old and new, with Fiat reworking the spirit and ethos of the 44-year-old nameplate into four concepts that start with an all-new Panda on Stellantis' global platform, then branch into two updates on popular current products and two all-new products. After winning the Stellantis family sales title with 1.3 million units moved last year, Francois said of the brand, "[Our] next step will be to transition from local products to a global offer that can benefit all of our customers everywhere in the world," embodying the philosophy that "functionality should never exist without fun." A plan for sharing up to 80% of parts between models, on top of that shared platform, is the key enabler. And just as we mentioned yesterday with Jeep, Fiat's talking big about the range of available powertrains, with ICE, EV, hybrid and PHEV in the mix.   Here's the heart of the new range, your all-new Panda just like it says on the door, called "City Car" in the video. Fiat will present this one to itself and the world in July this year during the company's 125th anniversary. In it can be seen the basic idea of the concept Fiat presented to itself as a 120th birthday present, the Centoventi Concept revealed at the 2019 Geneva Motor Show (the one in Switzerland). We heard nothing about the Centoventi after that, its fundamentals showing up first in the Citroen C3, and from there back to Fiat with this all-new Panda. Francois called this a sort-of "Mega Panda," a phrase we want on a T-shirt, boasting a crossover-like upright design, higher driving position, and increased roominess. The entire range will emphasize sustainability, ease-of-use, and modularity. The Panda demonstrates ease with the retractable charging cable emerging from the hood. Inside, the oval motif in places like the dashboard and seats recalls Fiat's original factory in Turin, the Lingotto building with the oval test track called the La Pista 500 on its roof. If you're looking for competition to the dashing little Renault 5 that did make the trek to Switzerland, this is it.

Audi, Fiat squabbling over numbers and letters

There have been rumors and speculation and prognostications about a Nissan Juke- and Mini Cooper-fighting Audi Q2 since 2012. There have been the same for a performance-oriented Q4 since 2011, perhaps previewed by the TT Offroad concept shown last year at the Beijing Motor Show. Turns out that those two alphanumeric combos are the only ones missing from the series Q1 to Q9 in Audi's trademark stable, and the Ingolstadt company wants to get them to make its badge sequence and crossover lineup complete. But Fiat owns them, and rumor is, CEO Sergio Marchionne appears to have no interest in selling them. Fiat has used the Q2 and Q4 like trim badges, identifying whether a company product has two-wheel or all-wheel drive. They did it with the Alfa Romeo 159 sedan, and they do it now on the Maserati Quattroporte S and Ghibli S Q4 sedans. Car magazine says Marchionne "may not be categorically opposed to selling the rights," but he absolutely won't do it to any fiefdom in the Volkswagen empire, which would leave Audi a jilted suitor. Why is Sergio being so serious? VW Group CEO Ferdinand Piech first starting waving torches on the bridge between the two companies when he said Alfa Romeo could sell four times as many cars if Volkswagen owned it, then burned the bridge when it continued to publicize its desire to buy Alfa Romeo. VW followed that up by throwing salt on the land around the destroyed bridge with its aggressive pricing in Europe during the worst of the car sales slump there, which Marchionne said was causing a "bloodbath." VW's final flourish was to set the river itself on fire, when a press officer said Marchionne wasn't qualified to head the European Automotive Manufacturers Association (ACEA) and VW would quit the organization if he did take the top spot. That is why, putting it optimistically, Audi looks to have a grim chance of getting the Q2 and Q4 marques from the Italian. So long as he is in power, at least: Marchionne said he's walking away from the job in 2018. Audi might have a better chance bending the knee to, and generously rewarding, his successor. Featured Gallery Audi TT Offroad Concept: Beijing 2014 View 16 Photos News Source: CarImage Credit: Live images copyright 2015 Chris Paukert / AOL Government/Legal Audi Fiat Volkswagen Crossover Luxury Sergio Marchionne trademark volkswagen group