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France could reduce its Renault stake to solidify partnership with Nissan

French Finance Minister Bruno Le Maire said France is ready to cut its stake in Renault in order to consolidate Renault's partnership with Nissan, Agence France Press (AFP) reports. Le Maire said Paris, which has a 15% stake in Renault, might consider reducing its stake, if it led to a "more solid" alliance between the Japanese and French firms, the French news agency reported, citing an interview with the minister. "We can reduce the state's stake in Renault's capital. This is not a problem as long as, at the end of the process, we have a more solid auto sector and a more solid alliance between the two great car manufacturers Nissan and Renault," he told AFP. Le Maire had earlier said the French government was open to tie-ups involving Renault as long as French industrial interests were protected, and would consider any Renault deal with Fiat Chrysler that respected the French firm's alliance with its Japanese partner Nissan. Fiat on Thursday abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker behind Japan's Toyota and Germany's Volkswagen. The French government had welcomed the merger plan, but overplayed its hand by pushing for a series of guarantees and concessions that eventually exhausted the patience of FCA, sources told Reuters. Renault and Nissan were not immediately available to respond to a request seeking comment. (Reporting by Mekhla Raina in Bengaluru; editing by Richard Pullin and Elaine Hardcastle)

Nissan presents NV200 is the brave new face of London taxis [w/video]

In most cities, just about any vehicle can serve as a taxi - so long as it meets the owner/operator's requirements for reliability, comfort and utility. But certain cities have their own unique taxis, and Nissan has been working hard to corner those markets. It has already designed specific taxis for such locations as New York, Barcelona and Tokyo, but its latest effort will bring a new Hackney Carriage to the streets of London.
A year and a half ago, Nissan displayed its NV200 on the streets of London in traditional black livery. But this new design takes the customization for the British capital one step further. Working closely with the mayor's office and with cab drivers across the city, Nissan's European design center in the Paddington district has reskinned the NV200 specifically to serve as the new black cab in London. The new face features round headlights, a new grille, LED lighting and a restyled front bumper. The steering has also been reconfigured to meet the 25-foot turning circle requirements for Hackney Carriages, as the black cabs are known on the streets of London.
The result is a distinctly British take on the NV200 taxi - one that we're guessing won't go without its fair share of controversy. Nissan will begin offering the black cab at the end of the year with a 1.6-liter gasoline engine mated to an automatic transmission, a powertrain said to be cleaner than the diesels used in existing taxis. And Nissan should know, having supplied many of those 2.7-liter turbodiesels in the '80s and '90s. But if that's not clean enough, the Japanese automaker will also begin selling an electric version, the e-NV200, starting next year. Watch the video clip and read the full details in the press release below.

Nissan to pursue FWD Nurburgring lap record with Pulsar Nismo

Europeans get very serious about their hot hatches. So do the Japanese. In fact there's been a whole back-and-forth lately over who makes the fastest one, and now Nissan looks set to throw its racing hat into the 'Ring.
That would be the Nürburgring, of course, where automakers trade bragging rights like baseball cards - only they don't give them up willingly. Renault set the front-drive lap record in 2008 with the previous Mégane R26.R then set the bar even higher with the Mégane RS 265 Trophy. That was before Seat stole the honors with its Leon Cupra 280, only for Renault to take them back again with the Mégane RS 275 Trophy-R. Seat is rumored to be considering a renewed assault, but it won't be the only one nipping at Renaultsport's heels in the coming years.
Honda, for its part, has made no secret of its ambition to set the record with the upcoming Civic Type R, and now word has it that Nissan is planning an assault of its own. Its weapon of choice would be an upcoming Nismo version of the new Pulsar hatchback which is just hitting the European market now as a rival to the Ford Focus, Volkswagen Golf, et al. There's no word on what its specs would be, but if it's going to challenge these players, it's going to need between 270 and 300 horsepower, a stiff suspension, big brakes and probably some sort of trick differential.