Nissan Reportedly Wants A $6.4 Billion Loan To Weather Virus

Nissan reportedly wants a $6.4 billion loan to weather virus

TOKYO — Nissan Motor Co has requested a $4.6 billion commitment line from major lenders to cushion the impact of the coronavirus pandemic while it seeks to engineer a desperately needed turnaround, people with knowledge of the matter said.

As the virus decimates car demand and disrupts production across the industry, Nissan is particularly vulnerable, still reeling from sharp drops in profits after decades of aggressive expansion as well as management chaos due to the scandal surrounding ousted leader Carlos Ghosn.

Land Rover Defender Reportedly Will Spawn Smaller, Bigger Models

Land Rover Defender reportedly will spawn smaller, bigger models

Land Rover promoted the Defender nameplate to one of its brand pillars; the others are Discovery and Range Rover. It's planning to build a full line of models around the born-again off-roader, including smaller crossovers.

Australian website Which Car learned the British firm is in the early stages of designing an aluminum-intensive platform it will use to underpin smaller models. One will borrow styling cues from the second-generation Defender (pictured) to take on the Jeep Renegade, a move which would push Land Rover further downmarket than it's been in many years. Another will slot in the Range Rover family, below the Evoque, as an alternative to the Audi Q2 sold overseas and the Mercedes-Benz GLA. Sister company Jaguar might use the architecture, too.

Nintendo Reportedly Wanted Kingdom Hearts' Sora In Super Smash Bros. Ultimate

Nintendo Reportedly Wanted Kingdom Hearts' Sora In Super Smash Bros. Ultimate

Nintendo’s Super Smash Bros. franchise contains video game characters from a variety of games and publishers. Now, we imagine that Nintendo probably has a ton of ideas as to what kind of characters they want in the game, and that they might not necessarily be successful with all their requests.

One of those unsuccessful requests is apparently Sora from Kingdom Hearts. This is according to a recent episode on the Kinda Funny Gamescast where former Game Informer editor, Imran Khan, claimed that Nintendo had approached Disney and asked if they could have Sora in Super Smash Bros. Ultimate.

Nikon Reportedly Killing Its Authorized Repair Program In 2020

Nikon Reportedly Killing Its Authorized Repair Program In 2020

If you have a Nikon camera, you might want to start taking even better care of it because according to the rumors, the company is apparently planning to kill off its authorized repair program in 2020 in the US. This means that in the event that your camera needs repairing, you will have less locations to take it to in the US and will have to most likely mail it in to get it fix.

As it stands, the company has about 15 authorized repair centers in the US, but the reports are claiming that in 2020, the company will be ending their contracts with these centers, which means that these centers will no longer be able to buy official parts and tools that are needed in order to repair Nikon’s cameras and lenses.

Canon Eos R Mark Ii Reportedly Already In Testing

Canon EOS R Mark II Reportedly Already In Testing

Canon’s EOS R mirrorless camera was originally launched back in 2018. If you weren’t too thrilled by its specs or were waiting for a successor, you might be pleased to learn that we might be able to expect the Mark II version in 2020. This is according to a report from Canon Rumors who heard from their sources that testing of the EOS R Mark II is already underway.

The report goes on to claim that the camera will most likely be announced ahead of Photokina 2020 in May. Canon is also expected to announce more than one camera, where one model will the EOS R Mark II and the other will be the EOS Rs, which last we heard could be sporting support for dual memory cards.

Canon Eos R With Hybrid Ef/rf Mount Reportedly In The Works

Canon EOS R With Hybrid EF/RF Mount Reportedly In The Works

The problem with a lot of camera systems is that generally speaking, lenses don’t come in a one-size-fits-all design. This means that even amongst the same brand, different models could use different lens mounts. This in turn creates a problem for photographers who are looking to adopt a new system and would either have to deal with adapters or buy a new set of lens entirely, which can be pretty expensive.

However, for Canon photographers, if you’re looking to make the move to the company’s EOS R series of mirrorless cameras but you have a bunch of EF mount lenses lying around, you could be in luck. This is because according to a report from Canon Rumors, they have heard that Canon is developing a new model of the EOS R that could come with an EF/RF hybrid mount.

Ghosn Reportedly Seeks Damages Over Dutch Contract

Ghosn reportedly seeks damages over Dutch contract

A French newspaper report says Nissan Motor's former chairman Carlos Ghosn is suing the firm and Mitsubishi Motors for damages over the cancelation of his employment contract with the two companies' joint venture in the Netherlands.

Le Figaro said in its online edition on Wednesday that Ghosn filed the lawsuit with a court in Amsterdam, seeking up to 15 million euros, or more than 16 million dollars, in damages.

Nissan Reportedly Rejecting Renault Proposal For Closer Ties

Nissan reportedly rejecting Renault proposal for closer ties

TOKYO — Nissan Motor Co Ltd will reject a management integration proposal from French partner Renault SA and will call for an equal capital relationship, the Nikkei newspaper said on Monday, citing sources. Nissan's management feels the Japanese company has not been treated as an equal of Renault under existing capital ties, and a merger would make this inequality permanent, the Nikkei reported. The outlook for the alliance — one of the world's top automaking partnerships — has been in focus since the arrest in November of its main architect, Carlos Ghosn, on charges of financial misconduct. The former Nissan and Renault chairman has denied the charges against him and has said he was the victim of a boardroom coup by Nissan executives opposed to closer ties.

To which, Bloomberg reported that it has seen emails in which Nissan executives were working with Japanese government officials to defend the company's independence, as Ghosn was pushing for a full merger.

Toyota Reportedly Working On Second-generation 86

Toyota reportedly working on second-generation 86

There's stronger confirmation that earlier reports of the Toyota 86's demise were premature. Autocar got confirmation from Toyota's European marketing boss that the company is planning a second generation of the 2+2 rear-wheel drive coupe, which is known as the GT86 in Europe, in concert with Subaru.

We presume that holds true for the U.S. as well; Autoblog sought confirmation from Toyota. It jibes with an earlier report in which both automakers refuted a Japanese outlet's assertion that the 86 and the Subaru BRZ would not see successor versions.