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Renault, Nissan limit French government interference

Renault 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 NV200 Chicago Taxi looking for a #HailYes

Nissan may be loaning out its small van to General Motors for its Chicago Auto Show debut, but that doesn't mean that Chevrolet is the only one with new NV200-based wares to share. On the heels of launching its Taxi Of Tomorrow for New York City, the Japanese automaker is giving America's Second City a livery of its own.
Shown here in a green and white paint scheme that "expresses a modern take on a historically popular Chicago taxi color," this NV200 Chicago Taxi is the company's less-than-subtle bid to capture some of the city's cab business, which is estimated to have about 7,000 units in service. Nissan is urging the public to generate discussion on social media and hopefully capture local taxi fleet operators' attention with a #HailYes campaign.
Beyond its unique appearance, this NV200 appears untouched, which means it's still powered by a 2.0-liter four-cylinder engine backed by a version of Nissan's ubiquitous XTronic continuously variable transmission.

Nissan recalls 320K Versas in North America for faulty springs

Following an investigation by the National Highway Traffic Safety Administration starting in May, Nissan is now recalling 319,507 examples of the 2007-2012 Versa in North America. Corrosion from road salt can potentially cause the cars' front suspension coil springs to snap. Specifically, the campaign covers 218,019 Versas in cold-weather US states: the District of Columbia, Connecticut, Delaware, Iowa, Illinois, Indiana, Kentucky, Massachusetts, Maine, Maryland, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia, and Wisconsin. In addition, there are 101,488 cars affected under this campaign in Canada, according to Nissan spokesperson Steve Yaeger to Autoblog. Nissan reports that a manufacturing issue by the supplier results in an "insufficient anti-corrosion coating" applied to the coil springs. Given enough time and exposure, this can lead to the part's fracturing. According to Yaeger, there are "no accidents or injuries related to this issue reported to Nissan." Owners of these Versas will get both front coil springs replaced, and Nissan will begin notifying them in November. It seems like perfect timing to avoid another winter of salt hitting them. Related Video: RECALL Subject : Front Coil Springs may Corrode , 1 INVESTIGATION(S) Report Receipt Date: SEP 14, 2015 NHTSA Campaign Number: 15V573000 Component(s): SUSPENSION Potential Number of Units Affected: 218,019 All Products Associated with this Recall Vehicle Make Model Model Year(s) NISSAN VERSA 2007-2012 Details Manufacturer: Nissan North America, Inc. SUMMARY: Nissan (Nissan North America, Inc.) is recalling certain model year 2007-2012 Nissan Versa vehicles manufactured May 8, 2006, to November 12, 2012, that were sold or ever registered in the District of Columbia, Connecticut, Delaware, Iowa, Illinois, Indiana, Kentucky, Massachusetts, Maine, Maryland, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia and Wisconsin. Road salt may corrode the front coil springs, possibly resulting in the coil springs fracturing. CONSEQUENCE: If a front coil spring fractures, it may contact the tire, possibly puncturing it, increasing the risk of a crash. REMEDY: Nissan will notify owners, and dealers will replace both front coil springs, free of charge. The recall is expected to begin by mid-November 2015.