2014 Nissan Sentra S on 2040-cars

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Automakers Renault, Nissan will become equals, with equal stakes in each other

TOKYO — Nissan and Renault have agreed to equalize the stakes they hold in each other, both sides said Monday, ironing out a source of conflict in the Japan-French auto alliance. Up to now, Renault Group has held a 43.4% stake in Nissan Motor Co., potentially giving it a larger say in how the Japanese automaker is run. It will transfer shares equivalent to a 28.4% stake to a French trust so each side will hold the same 15% stake in the other, according to the companies. The disparity between the holdings was a cause of friction, especially after Nissan became far more profitable than Renault. The agreement on the change is still being finalized and needs board approval from both companies. The companies said the shares in the French trust can eventually be sold but did not say to whom or how. They said the sale will be carried out in a “coordinated and orderly process” if a deal makes commercial sense to Renault Group, and that there is no time deadline. Until then, the voting rights would be “neutralized” for most managerial decisions, but the economic rights, such as dividends, will continue to go to Renault, the companies said. The top shareholder in Renault is the French government. Japanese Prime Minister Fumio Kishida met with French President Emmanuel Macron earlier this month. The alliance has had its ups and downs since it began in 1999, when Renault sent one of its executives, Carlos Ghosn, to then-struggling Nissan to lead a turnaround. Ghosn first served as Nissan's chief executive and later its chairman before he was arrested in late 2018 on various financial misconduct charges. The alliance, which also includes smaller Japanese automaker Mitsubishi Motor Corp. and remains one of the world's top auto groups, has been eager to put the Ghosn scandal behind it. Allegations against Ghosn include underreporting income, using investment funds for personal gain and illicit use of company expenses, including overseas homes and a yacht. Ghosn said he is innocent of all charges. He jumped bail in late 2019 and is now in Lebanon, which has no extradition treaty with Japan. The equalization of the crossholdings has been speculated about for some time. The companies called the move “an important milestone.” “The ambition is to strengthen the ties of the alliance and maximize value creation for all stakeholders,” said Nissan, based in the port city of Yokohama.

US collectors lift Nissan GT-R Skyline values

Collector cars are seen as such a safe place to "put" money that mainstream financial outlets regularly run stories on best practices. Air-cooled Porsche prices are so high you need a SpaceX rocket to explore their upper limits, and Ferrari is in the unheard of position of trying to convince investors to throw money at its IPO instead of its early cars. Classic and Performance Car reports that the R32 Nissan GT-R is getting caught up in the riptide, with values for 25-year-old examples out of Japan having doubled in the last ten months. The cause leads to the United States, because collectors here can finally import the second-generation GT-R legally now that 25 years has elapsed. As a classic car rep says in the CPC article, though, the trend only applies to "really clean examples," ones with low miles. Road & Track spoke to a couple of companies importing them into States now, and they report that prices have tripled in some cases, and special editions like the R32 GT-R Nismo have gone beyond that. If you're not looking for unicorns or Newfoundland Ponies, however, the folks in the business say you can find a reasonably priced examples. Because they were performance cars popular with the modding crowd, akin to our last-gen Toyota Supra and Mazda RX-7, there's a wide range of wear and tear. The inventory list for importer Montu Motors shows a couple of unsold GT-Rs for mid-twenties money. Chris Bishop at Japanese Classics thinks the present spike is down to early adopters; once they skim the cream and more model years can be imported, "prices will level off, and then go down."

2013 Nissan Pathfinder: July-September 2013

This Nissan is the most in-demand long-term vehicle we've ever had.
They may not readily fall into the sweet spot of driving enthusiasts, but our year-long test of this Nissan is proving to be an object lesson in why crossovers are so popular - especially large ones like our three-row Pathfinder. In fact, it's been so busy that it's hardly been at a standstill long enough to pen an update, which is why this one is late. Simply put, this Nissan is the most in-demand long-term vehicle we've ever had, racking up more miles and more long-distance trips than any LT vehicle in the Autoblog stable.