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Renault keeps 15% stake in Nissan, transfers majority of shares to French trust

Renault and Nissan completed a landmark deal to rebalance their 24-year-long alliance, paving the way for a new relationship after years of acrimony between the two partners. The automakers on Wednesday announced the creation of a French trust to which Renault transferred 28.4% of Nissan shares. The companies first disclosed plans for the trust in January. Renault Group and Nissan now have a cross-shareholding of 15% with lock-up and standstill obligations, the companies and junior alliance partner Mitsubishi Motors Corp. said in a statement. Renault managers in recent weeks have reiterated that staff should no longer share information with their Nissan counterparts, according to people familiar with the situation, after the French carmaker announced in September that aspects of the alliance would be unwound by year-end.  Taken together with the deal to equalize their cross-shareholdings at 15%, the developments are the clearest indications yet that members of one of the world’s biggest automotive tie-ups are increasingly going their separate ways. Renault told employees in September it was moving away from common structures with Nissan in favor of a new, project-by-project approach to working together. The dissolution of the companiesÂ’ joint purchasing organization means the two will no longer pool information on a regular basis due to antitrust concerns. The sell-down of shares held by the trustee will be coordinated with Nissan, which will have the right of first offer to purchase the stock. The trust will have no obligation to sell the shares within a specific or pre-determined period of time. The new alliance deal presented to investors in London in February followed months of tense negotiations that nearly collapsed late last year due to sticking points on intellectual property and disagreement over the valuation of RenaultÂ’s electric-vehicle and software arm Ampere, in which Nissan has agreed to invest. The alliance dates back to 1999, when Renault rescued Nissan with a cash injection and the two formed one of the biggest auto partnerships in the industry. Rivalries and mutual suspicion mounted over the years and came to a head when former leader Carlos Ghosn openly contemplated merging the two companies, contributing to his downfall.

World's cheapest Nissan Leaf costs just $9,460

If you thought electric vehicles were expensive, head on over to Rotterdam in the Netherlands. There, you can buy a Nissan Leaf for the amazingly low price of just 7,450 euros ($9,460 US). Or, if a practical delivery van is more your style, check out the Nissan e-NV200 Visia Flex, which is absurdly priced at 4,950 euros ($6,400). Now, you might be thinking, those prices don't seem right, and this isn't a case of Nissan slashing the price like someone in I Know What You Did Last Summer. Instead, these deals are already and unsurprisingly being called the "world's best EV incentives." The great deals - available to businesses only – are due to generous national and local government incentives that are designed to take dirty vehicles off the road. Things like scrappage incentives (worth 2,500 euros, or $3,240) and free parking for EVs as well as home charger incentives stack up until they bring the price of a new EV down to the levels listed above. Jordi Vila, the managing director for Nissan Netherlands, told Automotive World that, "By scrapping older vehicles and incentivising buyers to replace them with zero-emission electric vehicles, Rotterdam is taking a huge step in improving air quality." As great as these deals are, it turns out that most car buyers are unaware of EV incentives. This is too bad, since there is a short but interesting history of tremendous deals on plug-in vehicles, like the $10,000 discount on the Mitsubishi i-MiEV (or the $69/month lease on that thing). For pure "dollars off" value, though, nothing beats the $30,000 in total incentives that maybe be available in some Japanese prefectures for hydrogen vehicles, which might expand all the way to free H2 cars.

2016 Nissan GT-R gets 45th Anniversary Gold Edition

The Nissan GT-R is going for the gold again in 2016 after 2012's special Usain Bolt one-off. This time the precious metal paint job is going on just a few more cars to celebrate the 45th anniversary of the original Skyline GT-R. The 45th Anniversary Gold Edition of the GT-R paints the Premium trim of the twin-turbocharged sports coupe a somewhat subdued golden shade called Silica Brass. The VIN plates are in a similar hue, and there's a commemorative plaque on the center console. Nissan spokesperson Dan Passe tells Autoblog that based on projections, the company plans to sell 30 or fewer anniversary editions in the US. The special models carry an extra $1,000 on top of the Premium's starting $101,770, plus a destination charge of $1,595 on all vehicles. Because of the limited numbers, Passe recommends interested customers place an order through dealers soon. The anniversary edition isn't the only thing new to the lineup, though. The Premium and Black Edition models both get an extra five horsepower to push output to 550 hp, but the the Nismo remains unchanged with 600 hp and 481 lb-ft. The Premium trim also now wears 20-spoke forged aluminum wheels from Rays to replace the earlier 10-spoke design. One thing not changing for the GT-R is the pricing, after going north of $100,000 for the 2015 model year. The Black Edition still retails for $111,510 and $149,990 for the Nismo. Related Video: NISSAN ANNOUNCES PRICING FOR 2016 GT-R 16/03/15 from Nissan Pricing remains unchanged for 2016; GT-R Premium and GT-R Black Edition receive five additional horsepower; GT-R Premium adds new 20-spoke wheels NASHVILLE, Tenn. – Nissan today announced pricing for the 2016 Nissan GT-R supercar, which is on sale now at select Nissan dealers in the United States. Prices* for the three 2016 GT-R models remains unchanged from last year, despite several significant enhancements, including: Additional five horsepower for the GT-R Premium and GT-R Black Edition All-new 20-spoke wheels for the GT-R Premium New 45th Anniversary Gold Edition, featuring a special exterior paint color The 45th Anniversary Gold Edition, built off of the GT-R Premium model, commemorates the GT-R's long heritage of world-class high performance. Featuring a special gold paint color, the limited edition model also includes a special gold-tone VIN plate located inside the engine compartment and a special commemorative plaque on the interior center console.