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Nissan reportedly rejecting Renault proposal for closer ties

TOKYO — Nissan Motor Co Ltd will reject a management integration proposal from French partner Renault SA and will call for an equal capital relationship, the Nikkei newspaper said on Monday, citing sources. Nissan's management feels the Japanese company has not been treated as an equal of Renault under existing capital ties, and a merger would make this inequality permanent, the Nikkei reported. The outlook for the alliance — one of the world's top automaking partnerships — has been in focus since the arrest in November of its main architect, Carlos Ghosn, on charges of financial misconduct. The former Nissan and Renault chairman has denied the charges against him and has said he was the victim of a boardroom coup by Nissan executives opposed to closer ties. To which, Bloomberg reported that it has seen emails in which Nissan executives were working with Japanese government officials to defend the company's independence, as Ghosn was pushing for a full merger. The emails indicate growing concern at high levels of the Japanese government, in the months before Ghosn's arrest, that his merger efforts would boost Renault and its largest shareholder, the French government, and harm Nissan, in a relationship the Japanese already saw as lopsided. The emails indicated a desire to keep the existing structure of the alliance with a "re-balancing of the shareholding" to reduce Renault's 43 percent stake in Nissan, and stated that Nissan's independence "should be respected." Nissan declined to comment directly on the emails, while reiterating that misconduct by Ghosn and his former aide, Greg Kelly, is "the sole cause of the chain of events." Renault saved Nissan from the brink of bankruptcy two decades ago and under their current capital alliance, the French company holds greater control over its much larger partner. Nissan Chief Executive Hiroto Saikawa declined to say whether the company had received a merger proposal from Renault. "Now is not the time to think of such things," he told a group of reporters outside of his house in Tokyo. "At the moment we are focused on improving Nissan's earnings performance. Please give us time to do that." Renault declined to comment on the report. Renault has argued in its proposal that an integration would maximize synergies within the French-Japanese alliance, according to the Nikkei. The Financial Times reported last month of Renault's intention to restart merger talks with Nissan within 12 months.

Mitsubishi's 2024 updates include free maintenance, new trim levels

Mitsubishi is making several changes to its portfolio for the 2024 model year. It's expanding its range with new trim levels that benefit from a longer list of standard features and several specific styling cues, and it's giving buyers free maintenance for two years or 30,000 miles. Starting at the top of the range, the hybrid and non-electrified variants of the Outlander get a new Platinum Edition variant characterized by Black Diamond paint, a roof panel finished in Alloy Silver for a two-tone look, a Light Gray interior, and silver-colored interior trim, among other accents. Mitsubishi will fully detail the trim level later in 2023. The Black Edition package offered during the 2023 model year returns for 2024. It's compatible with the SE and SEL trim levels, and the latter gets black exterior trim as well as black leather upholstery. SE and SEL variants of the Eclipse Cross receive a power-operated hatch with a kick-motion sensor, while the SE's list of standard features grows further with adaptive cruise control, a USB port for rear-seat passengers, and a leather-upholstered steering wheel. The LE model gets a free two-year subscription to Mitsubishi Connect and FAST-Key keyless entry technology. The range will expand later in 2023 with a Special Edition model that will feature "rugged, off-road-inspired styling enhancements," according to the Japanese company. Positioned as Mitsubishi's entry-level crossover, the Outlander Sport highlights Mitsubishi's off-road heritage with a Trail Edition model that's characterized by black graphics on the hood, black exterior trim, mud flaps, and all-weather floor mats. Photos of the model haven't been released yet, however. And, don't look for a 2024 Outlander Sport GT on your local dealer's lot: Mitsubishi changed the trim's name to SEL. Updates to the Mirage hatchback and the Mirage G4, which are both nearing the end of their life cycle, are relatively minor. The LE trim level positioned near the bottom of the range benefits from a longer list of standard features, including a driver's armrest, automatic headlights, and rain-sensing wipers. Graphite Gray and Jet Black join the color palette to replace Mercury Gray and Mystic Black, respectively.  Every member of Mitsubishi's 2024 range regardless of size, price, and trim level benefits from free maintenance for two years or 30,000 miles, whichever comes first.

Next-gen Mitsubishi Outlander PHEV gets more power all over

Looks like it's official — the U.S. will finally get the upgraded Mitsubishi Outlander PHEV that's been on sale in Europe and Japan since late 2018. AutoGuide perused documents Mitsubishi filed with the National Highway Traffic Safety Administration for 2021 product lineup. The paperwork shows a 2.4-liter engine with 126 horsepower replacing the 2.0-liter with 117 hp in the current U.S.-market Outlander plug-in hybrid. We've expected the engine change for a while, but we didn't have a horsepower rating before. The version on sale in Europe gets 133 hp from the 2.4-liter Atkinson-cycle four-cylinder, while promising "higher torque, smoother operation, and overall higher efficiency." We'll get the 13.8-kWh battery, up from the 12-kWh unit currently installed, and the rear electric motor gets bumped up to 93 hp, same as overseas. The e-motor on the front axle holds steady at 80 hp. Unless Mitsubishi has model-year shenanigans in mind, the documents describe the next-gen Outlander that's been promised for debut later this year. It will ride on a Renault-Nissan-Mitsubishi Alliance platform, expected to be the same architecture shared with the next-gen 2021 Nissan Rogue. The current Outlander and Rogue are just 0.3 inches apart, and both are expected to grow in size. The new Outlander's exterior will glean cues from the Engelberg Tourer concept (shown below) like vertically-oriented headlights, a reshaped greenhouse, and a larger rear roof spoiler. If Mitsubishi carries over the rest of the upgrades afforded the international Outlander PHEV versions, we're in for a more powerful generator, and new Sport and Snow modes. The suspension and 4WD Lock were also bolstered on the current crossover, but with an all-new generation, we'd expect thorough overhauls in hardware and software. The real prize will be finding out how much EV range the next plug-in hybrid Outlander promises beyond the 22 miles available on the current model. On Japan's testing cycle, the new powertrain extended all-electric driving from 37.8 miles to 40.4 miles. Mitsubishi Engelberg Tourer Concept View 10 Photos Related Video: