2009 Nissan Murano S Sport Utility 4-door 3.5l on 2040-cars
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Renault, Nissan limit French government interference
Mon, Dec 14 2015Renault and Nissan are taking action to limit the influence that one can exercise over the other's operations. The measures, announced by both automakers after meetings of their respective boards in Paris and Tokyo, aim to keep each other at arm's length. But more than that, they seek to cap the degree of influence which the French government can bring to bear on either automaker. The steps are being taken in response to investment moves by the French state. While the government's investment arm – known as the Agence des Participations de l'Etat (or state participation agency) – previously controlled 15 percent of Renault's shares, it increased its holdings this April to 19.73 percent. The action sparked concerns at Renault that the French government would attempt to dictate operating procedures to both automakers, potentially to favor production in France over other locations. Given that Renault holds a 43-percent stake in Nissan, the Japanese automaker grew concerned over potential French state interference as well. To assuage those concerns, Renault, Nissan, and the French government came to an agreement with three vital clauses. Most importantly, despite its nearly 20-percent holdings, the French government will be granted only 17.9 percent of voting rights in Renault (to be extended up to 20 percent under certain exceptional circumstances). Renault (and by extension the French government) will also be prevented from interfering in Nissan's governance. With those measures in place, Nissan will not seek more voting rights based on the 15-percent stake which it, in turn, holds in Renault. Having successfully concluded the deal and hedged against the threat of government interference, the Renault board reasserted its confidence in Carlos Ghosn. Through the unique terms of their alliance, Ghosn serves as chairman and CEO of both Renault and Nissan. The two cooperate closely and share resources extending far beyond their chief executive, but remain distinct companies rather than merge, as Fiat and Chrysler have. Renault Board approves alliance stability covenant between Renault and Nissan As early as 16th April 2015, the Renault Board of Directors unanimously reiterated that the sustainability, success and resilience of the Alliance since its very inception in 1999 were based on a balance of shares held by Renault and Nissan.
Nissan's Carlos Ghosn taps the brakes on autonomous car progress
Fri, 18 Jul 2014
"Self-driving cars remain a long way from commercial reality."
Nissan CEO Carlos Ghosn shocked the automotive industry last year when he announced that his company plans to offer consumers an autonomous car by 2020. The automaker even showed off its self-driving Leaf prototype as proof. He was bolder recently with the pronouncement that select markets could have them in 2018, if laws allowed. The boss' optimism appears to be waning, though, and he's now sounding a lot more conservative about the future. While driverless vehicles are still on the way, Ghosn is hedging his bets with a more gradual implementation of several systems.
Watch a Nissan GT-R make up 17 spots on the first lap
Mon, 28 Apr 2014By now, enthusiasts should be plenty used to seeing the Nissan GT-R passing "lesser" vehicles on the road - and let's face it, that accounts for a good 99-percent of other cars out there. But what about on the racetrack, where GT racers are all homologated to the same general specifications and tuned with an eye toward fairer competition?
Turns out Godzilla is just as formidable an adversary on the track, as demonstrated by this latest video. Shot from inside the cabin of British driver Alex Buncombe's GT3 racer during the Blancpain Endurance Series race at Monza, the video shows what happens (or at least happened this time) when a well-driven GT-R is relegated to the back of the grid - even when that grid is populated by the likes of Porsche, Aston Martin, Lamborghini and McLaren.
Buncombe and his teammates in the Nissan GT Academy Team RJN ultimately finished the race in 13th place, but what's remarkable is that they started way back in 32nd, making up 17 places on the first lap alone. Scope out the frenetic action in the video below.