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FCA-Renault merger talks: France wants job guarantees and Nissan on board

PARIS — France will seek protection of local jobs and other guarantees in exchange for supporting a merger between carmakers Renault and Fiat Chrysler, its finance minister said on Tuesday, underscoring the challenges facing the plan. Renault Chairman Jean-Dominique Senard arrived in Japan to discuss the proposed tie-up with the French company's existing partner Nissan — another potential obstacle to the $35 billion-plus merger of equals. Renault and Italian-American rival Fiat Chrysler Automobiles (FCA) are in talks to tackle the costs of far-reaching technological and regulatory changes by creating the world's third-biggest automaker. Nissan found out about Renault's merger talks with Fiat Chrysler only days before they became public, four sources told Reuters, stoking fears at the Japanese carmaker that a deal could further weaken its position in a 20-year alliance with Renault. A deal between Renault and FCA would create a player ranked behind only Japan's Toyota and Germany's Volkswagen and target 5 billion euros ($5.6 billion) a year in savings. Some analysts, however, say the companies face a challenge to win over powerful stakeholders ranging from the French and Italian governments to trade unions and Nissan. Patrick Pelata, a former Renault chief operating officer, also criticized the deal plan for undervaluing Renault and threatening to overstretch its engineering resources. By valuing Renault at its market price, the all-share offer attributes a negative 6 billion euro value to Renault operations after deduction of its 43.4% stake in Nissan and 3.1% Daimler holding, Pelata told BFM radio. "That's hardly reasonable," he said. "And I think that shareholders, including the French state, are bound to take issue with this sooner or later." Pelata added: "FCA has big problem because they haven't invested for the future — they have no electric vehicle platform and they've done nothing in autonomous cars." French finance minister Bruno Le Maire told RTL radio on Tuesday that the plan was a good opportunity for both Renault and the European car industry, which has been struggling for years with overcapacity and subdued demand. France sets conditions Le Maire also said the French government would seek four guarantees in exchange for backing a deal that would reduce its 15% stake in Renault to 7.5% of the combined entity. "The first: industrial jobs and industrial sites.

Yutaka Katayama, 'father of the Z,' dead at 105

Yutaka Katayama, a former Nissan executive credited with being the "father of the Z," has passed away at the age of 105. He died in a Tokyo hospital Thursday as a result of heart failure, his son, Mitsuo, confirmed to the Associated Press. Katayama retired from Nissan in 1977, and for a time, ran the company's US division. He was inducted into the Automotive Hall of Fame in both the US and Japan, and is most notably remembered as being the man who gave life to the original Datsun Z sports car. Within the Z fan club community, where he is known simply as "Mr. K," Katayama is widely revered and respected. "With a love of cars and a flare for promotion, he built the Datsun brand, Nissan's initial brand name in the US, from scratch," the Japanese automaker said on its website last year, according to the Associated Press. Katayama is survived by his wife, four children, 11 grandchildren, and 18 great-grandchildren. Our hearts go out to Mr. K's family, and the entire Z community. News Source: Associated PressImage Credit: Joe Wilssens / AP / Nissan Nissan Automotive History datsun nissan z

Nissan reveals Patrol Nismo in Dubai

Nissan's performance division has worked its magic on a variety of vehicles. But not all of them have been based on sports cars, and not all of them have been made available here in the United States. Its latest model is neither. In launching the Nismo sub-brand in the Dubai, Nissan has started with a decidedly different model in the Patrol Nismo. It's based on the SUV we'd know better as the Infiniti QX80, but instead of taking an off-road or luxury approach, the Patrol Nismo (as you might have guessed) goes for on-road performance. To that end, the performance division has given it a thorough workover. The 5.6-liter V8 engine, for starters, has been tuned by Nissan's Takumi craftsmen up from 400 horsepower to 428. The suspension has been firmed up with Bilstein shocks and mounted with 22-inch forged alloys from Rays. The power steering system has tuned by Nismo for sportier handling. The bodywork has been upgraded for an aggressive look and zero aerodynamic lift. And the interior has been refitted to make it a more suitable environment from which to command the added performance capabilities. The result may have potential as a junior version of SUVs like the Mercedes GL63 AMG or Range Rover Sport SVR, not to mention prospective upcoming performance versions of the Cadillac Escalade. But it's being launched exclusively in the United Arab Emirates for the time being, and given that we don't get the Patrol as such in North America, it looks highly unlikely the Patrol Nismo will ever reach these shores. Those looking for a high-riding Nismo model, then, will just have to content themselves with the Juke. Related Video: Nissan proves its passion for performance with launch of 'NISMO' brand in the Middle East Nissan debuts world premiere of Patrol NISMO showcasing ultimate essence of its 'Innovation that Excites' promise - Thrilling performance marque launches in Middle East - Stunning Patrol NISMO announced as world premiere model - GT-R NISMO and 370Z NISMO showcased to the media DUBAI, United Arab Emirates - October 7, 2015: Nissan's world famous motorsport and road car performance brand, NISMO, made its Middle East debut at a spectacular launch event in Dubai, heralding the next step in 'Innovation that Excites' for driving enthusiasts across the region. In addition to launching the performance marque, Nissan also confirmed the world premiere launch of the Patrol NISMO.