The Renault-Nissan-Mitsubishi Alliance has expanded<\/a><\/strong> as a result of additional agreements made last month, according to a statement from Renault Group and Nissan Motor Co. Nissan will buy 15% of Renault’s Ampere EV unit as part of the agreement, maintaining its 15% cross-shareholding relationship. Nissan and Renault Group have both signed a legally binding framework agreement that will hopefully become a final deal by the end of March, with completion anticipated for the fourth quarter.<\/p>\n\n\n\nBut the new plan hasn\u2019t charmed investors. Nissan’s debt rating was downgraded earlier this week by S&P Global Ratings to junk status due to lower-than-anticipated profitability and sales volumes as the company struggles to regain lost market share. Nissan\u2019s U.S. sales dropped 26% in 2022, while its Infiniti luxury division posted a 20% sales decline during the same period.<\/p>\n\n\n\n
Nissan\u2019s EV production shortfall isn\u2019t unique, however, as all EV automakers have faced reduced production in the wake of parts shortages, most acutely semiconductors and batteries<\/p>\n\n\n\n
With a starting price of about $43,190, the Nissan Ariya undercuts the $53,990 Tesla Model Y by $11,800.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Nissan Ariya has the company singing the blues as the brand\u2019s newest EV. TheDetroitBureau.com explains why.<\/p>\n","protected":false},"author":13752,"featured_media":237928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[2648,7,8,5,10,1347,9],"tags":[3807,5558,528,10089,10088],"make":[],"post-state":[],"category_old":[],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/240002"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/13752"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=240002"}],"version-history":[{"count":8,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/240002\/revisions"}],"predecessor-version":[{"id":240025,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/240002\/revisions\/240025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/237928"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=240002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=240002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=240002"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=240002"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=240002"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=240002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}