[00:00:30] blast around the world carrying people and goods through tubes at speeds up to 700 miles per hour. This does sound like it borders on science fiction but it's actually another step in the ever-changing world of mobility.
Will the Chrysler 300, one of the original rear-wheel-drive muscle sedans from the new millennium, go front-wheel drive? Rumors circulated this week that Chrysler might switch the platform for the 300 from a rear-wheel-drive chassis that's
[00:01:00] shared with the Dodge Charger and Dodge Challenger to a front-wheel-drive platform that also would have all-wheel-drive, and get this, would be derived from the Pacifica platform. Initially we were scared. The 300 is a great rear-wheel-drive car. It's old-school muscle. But FCA US already has that in the Charger. By moving to front-wheel drive this would give the 300 and the Chrysler brand perhaps a different identity. The 300 could be positioned as more of a luxury, upscale
[00:01:30] car, which is how it's positioned anyway and that lets the Charger and the Challenger and their Hellcat friends behave badly with all those tire-shredding rear-wheel-drive antics.
Nissan confirmed this week that it would take a controlling interest in troubled Japanese automaker Mitsubishi. Nissan will buy 34 percent of Mitsubishi for $2.2 billion. The companies will now work together on purchasing, vehicle platforms, technology, and perhaps even share production capacity.
[00:02:00] The agreement is expected to be finalized by the end of May. Mitsubishi has come under scrutiny for falsifying fuel economy tests, and it has struggled to compete in the United States market. For Mitsubishi this could be a lifesaver. For Nissan the benefits are a little less clear. It does get access to Mitsubishi's electric vehicle programs as well as platform technology that could allow it to develop new trucks and SUVs. Nissan is part of an alliance with French automaker Renault. By buying
[00:02:30] part of Mitsubishi and perhaps buying all of it later, this better positions the Nissan-Renault alliance to compete globally with the heavyweights like Toyota, General Motors, and Volkswagen.
And those are the highlights from the week that was. For Autoblog I'm Greg Migliore.
Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals.