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Nissan didn't have much say in merger talks, but it had what FCA wanted
Fri, Jun 7 2019TOKYO — 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.
Chevy Volt 'acceptable,' Nissan Leaf 'poor' in new IIHS safety tests
Thu, Jul 31 2014Ford C-Max Hybrid also scored "acceptable" rating. With US Nissan Leaf sales up almost 30 percent during the first half of the year, the only thing that might be able to stop the battery-electric vehicle is a good, stiff barrier. Unfortunately, thing's aren't always pretty when that happens in the real world, according to new tests from the Insurance Institute for Highway Safety (IIHS). Things with the Chevrolet Volt extended-range plug-in are a little bit rosier, though. The two plug-in vehicles were part of a batch of a dozen vehicles that just went through the IIHS's "small overlap" test, in which the driver's side front corner of the vehicle is crashed into a rigid barrier at 40 miles per hour. Out of the dozen, only the Mini Cooper Countryman was given a "good" rating. Five vehicles, including the Volt and the Ford C-Max Hybrid, were rated "acceptable," two were "marginal" and two, including the Leaf, were "poor." Plug-in vehicles are unique in the crash-test context because of their relatively large battery sizes. In the Volt's case, the driver had a "low risk" of injury, said the IIHS. But the Leaf's crash substantially pushed back the instrument panel and steering column, creating a scenario where the driver was "likely" to sustain leg injuries. The batteries in both the Leaf and the Volt passed safety tests specifically targeted at things like thermo and electrical properties and overall integrity. "Nissan is proud of the Leaf's 'Good' rating in all other IIHS tests, a 4-star NCAP rating from NHTSA and its IIHS Top Safety Pick rating in all previous years since the car's release," the company said in an e-mail sent to AutoblogGreen. "As for the performance of the 2014 Leaf in the 'small overlap frontal test,' Nissan will continue to review these and other results from the IIHS 'small overlap frontal test' as we seek opportunities for improvement." Check out the IIHS's press release and small car crash-test video footage below. Range of ratings: Small car ratings run the gamut in challenging small overlap front test The Mini Cooper Countryman is the only small car to earn a good rating among the latest group of 12 cars subjected to the Institute's small overlap front crash test. Two electric models and a hybrid also are in the mix, with varied results. The electric-powered Chevrolet Volt (with a gasoline engine "range extender") earns an acceptable rating, while its battery-electric rival, the Nissan Leaf, earns a poor rating.
Nissan Gripz Concept foreshadows Z's dark future
Wed, Sep 16 2015Crossover buyers, your love of lifted hatchbacks might be ruining one of the purest sports cars on the planet, the Nissan Z. The Gripz concept you see here foretells a future in which our beloved Z car takes the shape of a functional, high-riding crossover. Sigh. Now, to be perfectly fair, we aren't opposed to the way this new concept car looks. It's a muscular design, with its prominent V Motion grille and sharp body lines. We particularly like the way the A-pillar bleeds into the doors and dash; it's a cool touch. Nissan claims this look was inspired by racing bicycles and desert rally cars, which sounds good. We won't agree with the company's assertion that it pays homage to the 240Z that won the Safari Rally, which Nissan has the gall to call "one of [its] first 'crossovers.'" A 240Z is not a crossover, just like the Mitsubishi Lancer Evolution, Subaru STI, Ford Focus, Volkswagen Polo, or any other rally car is not a crossover. In terms of praise, we do appreciate the Gripz's trio of doors, which is certainly more sporting than a conventional five-door layout. That's not the only good news, either. This concept is actually shorter and wider than the current 370Z, and by several inches in both cases. It is, however, seven inches taller than the low-slung two-seater, which makes this a net loss. Under hood, there's not some barking, turbocharged version of the current 370Z's 3.7-liter V6, but a version of the Leaf EV's electric motor. It's paired up with a gas-powered engine that "is used to power the electric motor," making it sound like this is more of a Chevrolet Volt-style hybrid than a Toyota Prius. Of course, there's no mention whether the Gripz has plug-in capability. We'll admit, our disdain for this vehicle may be premature. Nissan has not given any indication that the 370Z will be discontinued – it was recently updated, and a Nismo-based roadster concept was shown earlier this year – or that the Z family will transition to a CUV platform. But, the language used throughout the press release below, not to mention the name and references to the original Z is rather worrying. It's certainly not the relationship to the 240Z we were hoping for when we posted this report back in June. Check out the PR, as well as the official gallery from Nissan, both of which can be found down below. Up top, you can see our live images from the floor of the Frankfurt Motor Show.
