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FCA compromises with France, moving Renault merger bid forward

FRANKFURT/PARIS – Renault directors were preparing to review Fiat Chrysler's $35 billion merger offer on Tuesday, after the Italian-American carmaker resolved differences with the French government overnight, three sources said. The compromise on French government influence over a combined FCA-Renault may clear the way for Renault's board to approve a framework agreement beginning the long process of a full merger, unless new issues surface at the meeting. France, Renault's biggest shareholder with a 15% stake, had been pressing for its own guaranteed seat on the new board and an effective veto on CEO appointments. But after late-night talks with FCA Chairman John Elkann, the French government has accepted a compromise that would see it occupy one of four board seats allocated to Renault, balanced by four FCA appointees, the sources said. Renault would also cede one of its two seats on a four-member CEO nominations committee to the French state, they said. Renault, FCA and the French government all declined to comment on the discussions. The same evening that the compromise was was negotiated, activist hedge fund CIAM wrote to the board of Renault to say it "strongly opposed" a planned $35 billion merger with Fiat Chrysler. Calling the deal "opportunistic," the fund said the current deal terms strongly favored Fiat Chrysler and offered no control premium. (Reporting by Arno Schuetze and Laurence Frost; additional reporting by Giulio Piovaccari in Milan and Simon Jessop; editing by Jason Neely and Rachel Armstrong) Government/Legal Chrysler Fiat Mitsubishi Nissan Renault merger

Nissan Juke Nismo RSnow is dashing through the snow

With much of the Northeastern US buried and shoveling out from under a think blanket of snow, the possibility of getting stuck is a concern for some drivers. However, Nissan is ready for the absolute worst winter can throw at it with the new Juke Nismo RSnow. This wild-looking off-roader is a nearly stock Juke Nismo RS with all-wheel drive and the Xtronic CVT. Of course, there are some very obvious changes – tracks replace all four wheels. According to Nissan spokesperson Josh Clifton to Autoblog, the Dominator Track Systems come from a company called American Track Truck. The only other alterations are tweaks to the fascias to fit the parts and reprogramming for the torque-vectoring all-wheel-drive system. The top speed is estimated at around 62 miles per hour. "It was built as a support vehicle for an ice-driving event in Lapland, Finland," said Clifton to Autoblog via email. The automaker is releasing more info about the RSnow soon, but in the meantime watch the brief clip of this all-weather Juke blasting through some powder, below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery Nissan Juke Nismo RSnow News Source: TwitterImage Credit: Nissan Aftermarket Design/Style Nissan Crossover Off-Road Vehicles Performance Videos nissan juke nismo nissan juke nismo rs

2015 Nissan Juke keeps its funky

The Nissan Juke is one of the most polarizing vehicles on the road today, but that doesn't mean it hasn't been a sales success, especially in Europe. Nissan is giving the the CUV its first styling refresh at the Geneva Motor Show. While the design changes will almost certainly be universal, the mechanical changes are still somewhat of a mystery for the US market. Nissan makes it clear in its press release below that it covers only the European model, and details about the North American model are coming later.
The exterior changes put a focus on making the Juke look a bit more angular and sporty. The lights on the fenders are now formed into a jagged point and somewhat echo the boomerang-shaped taillights. It also features Nissan's new, thicker V-shaped chrome grille. The door mirrors receive LED turn signals, and the lower portion of the rear receives a simulated mesh grille to look more aggressive. Other than some new color schemes, the interior is basically unchanged. However, the luggage area has been reshaped to increase storage capacity by 40 percent to 12.5 cubic feet (354 liters).
European buyers are getting a new 1.2-liter DIG-T turbocharged engine with 113 horsepower (115PS) and 140 pound-feet of torque (190Nm), and the 1.6 DIG-T also gets an increased compression ratio to produce 188 hp and is offered with either a six-speed manual or Nissan's Xtronic CVT. The all-wheel-drive system has also been upgraded with a torque vectoring system.