After six months of tortured negotiations and weeks of tactical leaking, Nissan and Renault in the end announced a deal in haste on Monday — one that was presented to the outside world as a renewal of marriage vows that would hold back the collapse of the carmakers’ 24-year-old alliance. Uchida had arrived that day with a tentative deal on the table, but instead of the strong backing he had expected, he was faced with a rebellion.
A new era of racing at the Rolex 24 at DAYTONA race this past weekend, with Acura, BMW, Cadillac, and Porsche all competing in a new hypercar category, known as the Grand Touring Prototype (GTP) class. Cadillac’s Global VP, Rory Harvey, is bullish on the new racing format, and the tech.
Drastic measures led by Renault chief executive Luca de Meo were formalised on Monday. Renault’s dominance will be reined in. Its stake in Nissan will fall to 15 per cent or equal to Nissan’s cross holding in Renault.