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2016 Nissan Altima gets SR model, 39 mpg, 3 press releases [w/video]

UPDATE: After taking exception with Seyth's reaction to press-release overdose, a Nissan spokesperson commented,"It gets 39 mpg. That's ******* epic." The Mazda 6, rated 40 mpg highway, is the only car among the Altima's peers to do equal or better. (See a full list of gas-powered non-hybrid cars that do 39 mpg highway or better here.) It seems that Nissan just can't stop selling its hot Altima midsizer. At least, that's what the bullet points of the press release for the new, 2016 version of the car tell me. The model has seen five consecutive years of sales growth, occasionally hitting the 30,000-per-month figures that heavies like Camry, Accord, and Fusion regularly nab. And, as we all know, a key to keeping midsize sedans fresh is the mid-cycle refresh. Here we have it. Nissan has reshaped the front and rear of the Altima to better match the look of its handsome new Maxima. That means a deep-v wrought in chrome on the front fascia, new (optional) LED headlights that look like reverse check marks, and a lower bumper that mirrors the shape above it. There are new taillights, bumper, and trunk lid for the rear of the car, too. You'll likely have to stare at the pictures pictures of the posteriors on the old and new cars for a few minutes (as we did) to pick them out, but they're there. The press release says so. Changes to the interior are subtle. We spotted a new center stack, and new cup holders next to the gearlever. Your weird friend Brian who hosts the Altima Altimatics fan forum could probably lend more detail here, but the non-enthusiast eye sees a mild rethinking of a nice interior. The excellent Zero Gravity front seats are still standard on all trims, which is probably half the reason Nissan is selling so many of these things. (How did that not make the bullet points, guys?) Change is more evident in the new-for-'16 Altima SR trim. The lighting profile is different for the model's most athletic variant, with smoked lenses, daytime running lights and revised fog lamps. More importantly, the SR gets its own suspension setup, revised dampers, stiffer front and rear stabilizers, and a more aggressive wheel/tire package. Nissan also offers drivers the ability to paddle-shift the SR's CVT transmission. The SR grade can be had with either Altima engine option. As for the motivating forces behind Altima's new nose, well, they're mostly the same.

Nissan bringing 'New Sedan Concept' to Beijing Motor Show

During the 2014 Detroit Auto Show, Nissan showed off its Sport Sedan Concept (pictured above), an orange creation meant to foreshadow the next generation of the brand's "Four-Door Sports Car," the Maxima. For the 2014 Beijing Motor Show, though, Nissan is going to deliver a Chinese take on a future four-door, with the New Sedan Concept (imaginative name, we know).
Like the Nissan Friend-Me Concept from the 2013 Shanghai Motor Show, the NSC has been designed by Nissan Design China in Beijing. Outside of that, information is in short supply. Nissan claims this latest concept is targeted at the Chinese digital lifestyle. Whether it serves as an evolution of the Friend-Me's swoopy design or a regional take on Nissan's Detroit concept, though, remains to be seen.
We'll have the full slate of info on the Nissan New Sedan Concept, along with everything else that happens at the 2014 Beijing Motor Show, when the floor opens on April 23. Take a look below for the official press release from Nissan, which also includes a recap of previously debuted models that will be shown at Beijing.

Nissan to pull out of venture fund with Renault in cost-cutting drive, insiders say

TOKYO — Nissan is likely to pull out from a venture capital fund it runs with alliance partners Renault and Mitsubishi Motors, as part of the Japanese automaker's drive to cut costs and conserve cash, two sources said. Nissan will formally take a decision on whether to leave the fund, Alliance Ventures, by the end of this month, the two Nissan insiders told Reuters, declining to be identified because the information has not been made public. The likely move comes after Nissan's junior partner, Mitsubishi Motors Corp, told an alliance meeting last week that it would no longer continue to inject money into the fund, one of the sources said. The decision to leave the Amsterdam-based fund was all but a done deal, the other source said, adding: "Of course we're out. The house is on fire." A Nissan spokeswoman said it was speculation and declined to comment. A Mitsubishi spokesman said no decision had been made. The move comes as Nissan — which has seen its earnings slump — is now facing a downturn in China, its biggest market, due to the impact of the coronavirus outbreak. China sales plunged 80% last month. It also highlights the extent of the automaker's cost-cutting under new CEO Makoto Uchida, who is under pressure for a quick turnaround. Alliance Ventures is aimed at finding "learning opportunities" for the alliance through investing in startups, and is supposed get up to $200 million (153.3 million pounds) a year from the three alliance partners, although it never achieves that full amount, the first source said. It was set up under former alliance head Carlos Ghosn, whose dramatic arrest in Japan culminated in an escape to his childhood home of Lebanon in December. Ghosn faces multiple charges in Japan, including of under-reporting earnings and misappropriation of company funds, all of which he denies. According to its website, the fund was set up with a $200 million initial investment and aims for up to $1 billion by 2023. Portfolio companies include WeRide, a Chinese robo-taxi startup and Tekion Corp, a cloud-based retail platform for cars. "It wasn't established by Ghosn as a way to make money. It was for those learning opportunities we get from investing in smart startups," the first source said. "But given the tough financial situation we are facing, we are looking at investment return." Reporting by Norihiko Shirouzu; Editing by David Dolan/Louise Heavens/Susan Fenton.