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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 Leaf's No Charge To Charge now available in Boston

Depending on where you buy your all-electric Nissan Leaf, there's a pretty sweet deal attached. In some parts of the US – most recently, now also in Boston, MA – new Leafs come with the "No Charge To Charge" program, which allows drivers to recharge their batteries at some public charging stations for free. Today's announcement that Boston will join the program brings the total number to 17 area, and Nissan has said it will eventually expand No Charge To Charge to at least 25 markets in the US by the end of the year. As Nissan representatives explained when the program was first announced at the 2014 New York Auto Show, there are limits on the program. Without paying, you can plug your new Leaf into a public CHAdeMO DC fast charger for a maximum of 30 minutes and just one hour at Level 2 stations. You can find a list of No Charge stations from companies like ChargePoint, Blink, AeroVironment, and NRG eVgo here. Related Video: CALLING ALL BOSTONIANS: NISSAN'S "NO CHARGE TO CHARGE" PROGRAM ARRIVES IN BEAN TOWN BOSTON (July 6, 2015) – Nissan is launching its "No Charge to Charge" promotion for Boston-area Nissan LEAF buyers, providing two years complimentary public charging with the purchase of the all-electric car from LEAF-certified dealers in the Boston market. "Nissan LEAF is an attractive option for Boston car buyers because it is fun to drive and offers significantly lower operating costs when compared to a gas-powered car," said Andrew Speaker, director, Electric Vehicle (EV) Sales & Marketing, Nissan. "EV charging infrastructure continues to grow in Boston, and access to free public charging for new LEAF buyers helps make owning an all-electric vehicle even more cost-effective and convenient." "No Charge to Charge" launches at Nissan LEAF dealers in the Boston market on July 1. The promotion includes access to fast chargers that can charge a LEAF battery pack from empty to 80 percent in about 30 minutes, as well as level 2 (240V) chargers spread throughout the Boston area. Nissan now offers "No Charge to Charge" in 17 U.S. markets, including San Francisco, Los Angeles, Sacramento, San Diego, Fresno, Seattle, Portland (Oregon), Chicago, Atlanta, Indianapolis, Nashville, Phoenix, Dallas-Ft. Worth, Houston, Denver and Washington, D.C. Nissan plans to offer the "No Charge to Charge" program at LEAF dealers in a total of at least 25 U.S. markets later this year.

CES 2020 and Carlos Ghosn | Autoblog Podcast #609

Welcome to a new decade of the Autoblog Podcast. In this week's episode, Editor-in-Chief Greg Migliore is joined by Senior Editor Alex Kierstein and Senior Editor, Green, John Beltz Snyder. First they talk about their early impressions of CES 2020 in Las Vegas, in particular how interesting Sony's Vision-S Concept is. Then they talk about the intriguing saga and daring escape of former Nissan boss and global fugitive Carlos Ghosn. After that, they turn their attention to what they've been driving, including the Genesis G70, Chevy Blazer and Hyundai Santa Fe. Finally, they help a listener pick a new fun toy to replace an unloved Porsche Cayman in the "Spend My Money" segment. Autoblog Podcast #609 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown CES 2020 And that excellent Sony Vision-S Concept What's going on with Carlos Ghosn? Cars we're driving:2020 Genesis G70 2.0T Sport RWD 2020 Chevrolet Blazer Premier AWD 2020 Hyundai Santa Fe 2.0T AWD Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video: