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Showing content with the highest reputation on 06/05/2019 in Articles
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Fiat Chrysler Automobile has abruptly pulled back on their merger offer with Renault after the second day of negotiations came to a close. The Wall Street Journal reports that Renault's partner, Nissan declined to support the deal according to sources. During a vote today on the Renault board, the two Nissan representative abstained, raising concerns for both FCA and Renault that Nissan would back out of the alliance.
This, in turn, caused the French Government (major stakeholder in Renault), to not pledge its support of the deal. The government asked for a delay on the vote until Nissan would guarantee that it would continue with the alliance. The falling of these dominos prompted FCA to withdraw their offer.
The move is a heavy blow as FCA had reached a tentative agreement with the French Government on the merger according to two sources speaking to Reuters.
FCA, Renault, and the French Government declined to comment.
We'll update this story if any new details come to light.
Source: Automotive News (Subscription Required), Bloomberg, Wall Street Journal (Subscription Required)
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Cadillac SuperCruise will be available on over 200,000 miles of North American roadways later this year. Cadillac is adding an additional 70,000 miles to the existing 130,000 miles already in the system by the 4th quarter 2019. Cadillac owners will receive an over-the-air update once the system upgrade is completed.
On top of the increase in SuperCruise map availability, Cadillac will also make system adjustments to improve performance and enhancements to the Driver Attention system. Last year Cadillac updated the system so that the car would automatically adjust lane centering if a large vehicle was passing close by and also added additional messages in the driver cluster to give more detail as to why SuperCruise may not be available at the moment.
Cadillac says that CT6 owners have driven more than 2.5 million miles with SuperCruise active since it was introduced on 2018 model year vehicles.
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