Renault cedes power at Nissan for uncertain benefits

 

PARIS —   Renault and Nissan are rebalancing their troubled alliance in what could be a major step in reviving their alliance. But for the French automaker the benefits of the revamp are for now unclear and potentially quite limited, three industry sources said.

The automakers on Monday announced a deal that will see Renault reduce its stake in Nissan to 15 percent from about 43 percent.

For Nissan, the advantages are clear: the Japanese carmaker gets more ability to do what it wants, and it is no longer in an alliance of unequal partners because capital ownership is rebalanced. However, its stock could be weighed down as the bulk of Renault’s current stake is sold off. The stake is worth 3.8 billion euros ($4.1 billion) and will be moved to a trust.

The deal also sees Nissan commit to invest in Renault’s flagship Ampere electric vehicle unit, which was the French automaker’s key goal.

Lexus RX Does A Flying Barrel Roll After Launching Off Flat Bed Tow Truck

In a shocking video, a Lexus RX drifted onto the shoulder and hit a flat bed tow truck which acted as a ramp

 

January is ‘Move Over Month’ in Florida and it has nothing to do with the elderly snowbirds hogging the left lane.

Instead, the campaign is focused on reminding drivers that they’re legally required to move into an adjacent lane when approaching stopped emergency vehicles and tow trucks when their lights are flashing.  If that’s not an option, drivers are supposed to “slow to a speed that is 20 mph (32 km/h) less than the posted speed limit” or “slow down to 5 mph (8 km/h) when the posted speed limit is 20 mph (32 km/h) or less.”

Also: Toyota Camry Goes All Dukes Of Hazzard, Jumps Row Of Cars At Dealership Before Crashing Into Others

Yuan Pipe Dreams

Talk has re-emerged that China’s yuan will soon challenge the dollar as the world’s reserve currency. This time, the spark for such talk came from a visit by Chinese President Xi Jinping to the Middle East, where he emphasized the reach of China’s trade and also made clear his desire for oil contracts to settle in yuan and not, as usual, in dollars. The Saudi’s seemed to have no objection. Such actions, though they command notice, nonetheless fall far short of achieving Beijing’s long-standing ambition for the yuan to serve as the premier global reserve. To accomplish this, China will have to jump many more hurdles. The yuan today falls woefully short on every major attribute of a global reserve. Still more vexing for Beijing, success on the yuan will require change in ways that the governing communist party may find impossible.

Why Reshoring Might Create an Automation Increase in 2023

Cara Santa Maria Bio, Age, Height, Husband, Salary, Net Worth, Talk Nerdy

Cara Santa Maria Biography Cara Santa Maria Age Cara Santa Maria Height Cara Santa Maria Family Cara Santa Maria’s Husband Cara Maria Education Cara Santa Maria’s Salary Cara Santa Maria’s Net Worth Cara Santa Maria Career Cara Santa Maria Biography

Cara Santa Maria (Cara Louise Santa Maria) is a famous American science communicator nowadays serving as a co-host of The Skeptics’ Guide to the Universe podcast and host of Talk Nerdy. Before that, she served as a co-host of TechKnow, Al Jazeera America’s podcast.