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Renault-Nissan alliance reboot will kick off with five projects

Renault SA and Nissan Motor Co. are moving ahead with a plan to recalibrate a two-decades-old alliance that had weakened over time, starting with a range of industrial projects alongside an agreement to rebalance capital ties, according to people familiar with the situation. Top executives from the alliance partners held an operating board meeting on Thursday, giving a nod to bringing Nissan and Renault’s cross shareholdings to an equal level, as well as common projects as part of the reshaped cooperation, the people said. The partners also agreed on an alliance event to be held on Feb. 6 in London to present details of the plans, the people added, declining to be named discussing details before they are public. Under the landmark plan, Renault is expected to cut its 43% stake in Nissan to 15% via an orderly disposal of shares over time to eliminate lopsided capital ties that have been a source of friction for years. The tentative agreement comes after years of tension that at one point spilled over into Japanese-French politics when Renault-NissanÂ’s then-leader Carlos Ghosn weighed to merge the two companies.   The partners also agreed to continue collaborating on various industrial projects, a condition that was crucial for Renault to obtain approval for the rebalancing from its most powerful shareholder, the French government. Media representatives for Renault and Nissan declined to comment. The boards of directors of the respective companies will have to approve the agreement in meetings to be held in coming days, the people said.  Code name: ‘ReloadedÂ’ The redesigned alliance will allow Chief Executive Officer Luca de Meo to move on with a complex split of Renault into five separate businesses, including carved-out electric-vehicle business Ampere and to deepen ties with a series of other partners, including ChinaÂ’s Zhejiang Geely Holding Co. and Qualcomm Inc., the people said. “The interest for each of the partners is now to be able to move forward without, for example, RenaultÂ’s management getting distracted in endless trans-national politics,” says Stifel analyst Pierre-Yves Quemener. Failure of the talks would have been “a negative,” Quemener said.  Renault, Nissan and junior partner Mitsubishi Motors Corp. will embark on roughly five projects initially, codenamed “Reloaded,” with others to follow, the people said.

Nissan Leaf becomes least expensive 5-seat EV with massive price drop

In a roundtable interview today at the North American International Auto Show, Nissan CEO Carlos Ghosn announced a $6,400 price drop for the base-model 2013 Nissan Leaf. Last year's base model was $35,200, while the new base-level 2013 Leaf S starts at $28,800. Ghosn says the new prices make the Leaf the least expensive five-seater electric for sale in the US.
Some of the lower cost is due to a difference in content from last year's low-end model to this year's. But a sizable portion can be chalked up to the Leaf's production moving from Japan to Tennessee. The 2013 Leaf is not only assembled in the US now, but its lithium-ion batteries and the car's electric motors are manufactured in the same southern state.
The Leaf SV will be priced from $31,820 for 2013 compared to $35,200 last year. The high-end Leaf SL now starts at $34,840, down from the 2012 model's $37,250. These models also have differences in content. One big one is a new 6.6-kWh charger that reduces charging times pretty dramatically.

Nissan could upgrade current GT-R yet again

Heisenberg himself would have been impressed by the unpredictability of the next-generation Nissan GT-R. We're pretty sure one is coming, we think it will be sometime around 2018, it could have a hybrid powertrain with an evolution of the 3.0-liter, twin-turbo V6 used in the GT-R LM Nismo endurance racer, and there's a chance its looks will point in the direction of the Nissan Concept 2010 Vision Gran Turismo concept. Oh, and rumor is that no matter what comes next, Nissan-Renault CEO Carlos Ghosn wants to sell more of them every month; GT-R sales are up about 40 units through August compared to last year, but that's still just 891 examples. What's Nissan going to do with the current GT-R for the next three years? According to a chat Top Gear had with Phillipe Klein, the company's head of product planning, Nissan can do more with the R35. Klein said, "We are very serious about this vehicle and its future," and, "There is still development potential there, always." That could mean any number of things, since we never have any idea what Nissan is going to do or not do with the GT-R. If Klein is talking about engineering more performance from this package and it's 3.8-liter, twin-turbo V6, does that mean a notable increase in horsepower for the standard version, or does that mean a super-duper edition hotter and faster around the 'Ring than the 600-hp, $149,990 GT-R Nismo? Or is it something else – because, frankly, the GT-R has plenty of performance right now and it's not the coupe's stat-sheet numbers that are holding it back. Since 2018 isn't that far away, we should probably know soon. Related Video: