Archive for the ‘Nissan’ Category

Detroit Auto Show Not Ready to Wave Goodbye to Winter

Final January run to see over 30 new models debut.

by on Dec.10, 2018

Toyota showed us a well-camouflaged Supra with chief engineer Tetsuya Tada at the Goodwood Festival.

The Detroit Auto Dealers Association has inked a seven-year deal with the City of Detroit that will ensure that the North American International Auto Show keeps running through at least the latter part of the next decade.

The deal also locks down the move from January to June that DADA, the sponsor of the show, announced earlier this year. That is expected to prove critical if the Detroit Auto Show is to regain its former glory or, at the very least, keep from slipping into second-tier status, something that seemed all too likely in the wake of a painfully quiet 2018 event that saw a single official media day wrap up the new car debuts shortly after noon.

Auto Show News!

The 2019 North American International Auto Show will clearly not have the luster of years past. Virtually the entire European contingent – including brands like Audi, BMW, Jaguar and Meredes-Benz – plan to sit it out. But there will still be enough on the calendar to keep the spotlight lit. Among the products set to make their official debut at the Cobo Hall convention center are the long-awaited Toyota Supra and the Lexus RC F which is being hailed as the brand’s fastest and most powerful model ever, save for its limited-edition LFA supercar.

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Carlos Ghosn Formally Indicted – Could Face 10-Year Sentence

Former Nissan chairman accused of concealing income.

by on Dec.10, 2018

Nissan Chairman Carlos Ghosn was still running the show when he appeared at a news conference at the Paris Motor Show in October.

Things went from bad to worse for the long-time head of the Renault-Nissan-Mitsubishi Alliance on Monday, prosecutors in Tokyo formally charging Carlos Ghosn with financial misconduct in a scandal that has rocked the global automotive industry.

Ghosn, along with Nissan board member Greg Kelly, were arrested on November 19th after their corporate jet touched down in the Japanese capital and immediately taken to the Tokyo Detention Centre where they have been held in solitary ever since. Ghosn, in particular, has not been accused of hiding about half of his $88 million income during a five year period beginning in 2010. He may face additional charges related to more recent years, according to Japanese media reports.

Breaking News!

If found guilty, the executive who was given credit for saving a nearly bankrupt Nissan in 1999 could face up to 10 years in prison, a 10 million yen, or $89,000, fine, or both. Nissan, however, could also face potential penalties as high as 700 million yen, or $6.2 million, for failing to catch the alleged scheme.

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Nissan GT-R50 by Italdesign Going Into Production and it Won’t Be Cheap

You have to pay for all that gold.

by on Dec.07, 2018

Nissan is celebrating 50 years of the GT-R with a special edition model: the GT-R50.

Nissan has traditionally billed the GT-R as an “affordable supercar,” the price tag for a 2019 model starting at $99,990. But if you’re interested in the special edition 50th anniversary model that the Japanese automaker has now confirmed for production, beware that you’ll have to add another zero at the end of that sticker price.

First revealed last June in concept form, the Nissan GT-R50 by Italdesign will move right up there with some of the more expensive supercars on the market at a price tag starting 990,000 euros, the automaker says – a figure that, at current exchange rates works out to a cool $1,129,498.92.

News You Can Trust!

“The car’s exterior is virtually unchanged from the prototype first shown in July at the Goodwood Festival of Speed in England,” notes a company release detailing its collaboration with Turin, Italy-based Italdesign. (more…)

Ousted Nissan Chairman Ghosn Expected to Be Indicted Monday

Japanese reports anticipate charges for financial misconduct.

by on Dec.07, 2018

Former Nissan Chairman Carlos Ghosn is expected to be indicted next week by Japanese prosecutors.

After languishing in the Tokyo Detention Centre for nearly three weeks, facing regular grilling by Japanese prosecutors, ousted Nissan Chairman Carlos Ghosn is expected to be formally indicted on Monday, the Nikkei business daily is reporting.

Ghosn and Nissan board member Greg Kelly were arrested nearly three weeks ago as they flew into Japan, authorities responding to a report by the second-largest Japanese automaker that alleged the pair engaged in financial misconduct. Ghosn, in particular, allegedly failed to report millions of dollars in income while also misappropriating Nissan funds, among other things, to purchase homes in Rio de Janeiro and Beirut. He is Lebanese by heritage but grew up in Brazil.

Global News!

The Nov. 19 arrests, which marked the downfall of one of the industry’s most powerful executives, have stunned the automotive community. They have also generated a number of questions about why Ghosn was taken into custody and put in the position of possibly serving a decade in prison, rather than simply facing civil penalties. Some observers have suggested he may be an unwitting pawn in a battle for control between Nissan and the French automaker Renault which rescued the then-failing Japanese automaker in 1999. (more…)

Ghosn May Ring in New Year in Japanese Custody

Former Nissan CEO denies any wrongdoing.

by on Dec.04, 2018

Ousted Nissan Chairman Carlos Ghosn may ring in the new year in Japanese custody.

Ousted Nissan Chairman Carlos Ghosn may be arrested again by Japanese authorities as part of their ongoing investigation into charges of alleged financial misconduct by the former company executive and a colleague.

Ghosn was initially expected to be released on Dec. 10, after having his release delayed two times already. Japanese law allows investigators to arrest a suspect again if new criminal charges are filed, which is exactly what is expected to happen with Ghosn.

Global News!

He could be detained until the end of the year. Japanese prosecutors are expected to file charges that Ghosn’s total compensation for 2016 and 2017 exceeded the cap set by the company’s shareholders, according to an Automotive News report. (more…)

Nissan’s Flagship Maxima Only Gets Better for 2019

Part family car, part racer powered by 300 hp V6.

by on Nov.30, 2018

Dan Mohnke, senior vice president, Sales & Marketing and Operations, Nissan North America, left, and Alfonso Albaisa, senior vice president of Nissan Motor Co. Ltd., Global Design unveil the 2019 Nissan Maxima.

Just as more and more automakers seem to be fleeing from passenger cars, Nissan appears to be doubling down — at least if the 2019 Maxima unveiled in Los Angeles is any indication.

The Maxima has long been the company’s flagship sedan. It’s part family hauler and part race car — maybe more race car. In an era that has seen passenger car sales fall precipitously, the Maxima roars on for next year, especially since it sports a standard 300 horsepower, 3.5-liter V6 powerplant.

Product News!

“As our flagship sedan, Maxima is an important contributor to the Nissan brand,” said Dan Mohnke, senior vice president, Sales & Marketing and Operations, Nissan Division U.S., Nissan North America, Inc. “Maxima is our longest running nameplate, having thrilled owners for four decades with style, performance and quality.” (more…)

Honda Insight Named Green Car of the Year

Jaguar I-Pace and Mitsubishi Outlander PHEV also honored.

by on Nov.29, 2018

Honda's Ray Mikichuk with Green Car Publisher Ron Cogan and Green Car of the Year Insight.

The 2019 Honda Insight was named the Green Car of the Year on Thursday, during a news conference at the Los Angeles Auto Show.

The hybrid sedan had to share the stage, however, with two other winners, the Jaguar I-Pace taking home a trophy as Luxury Green Car of the Year, while the Mitsubishi Outlander PHEV was honored as SUV Green Car of the Year.

The award comes as something of a vindication for Honda. The automaker was actually the first to sell a hybrid in the U.S. market, but the original, two-seat Insight, launched in 1999, was a slow seller and a second version bearing the Insight badge didn’t do much better. The new model finally appears to be connecting with consumers by “being a no-compromise vehicle,” Ray Mikichuk, Honda’s assistant vice president for U.S. sales, told TheDetroitBureau.com.

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A “Too Powerful” Carlos Ghosn Also Booted From Mitsubishi

Questions raised about reasons for his arrest.

by on Nov.26, 2018

Nissan Chairman Carlos Ghosn was arrested by Japanese investigators and is being held during the query.

Carlos Ghosn, until recently one of the most powerful men in the global auto industry, suffered yet another setback on Monday, the board of Mitsubishi Motors ousting him as company chairman.

The news comes while Ghosn remains in custody, prosecutors in Tokyo probing allegations that the 64-year-old executive under-reported his income while also misusing potentially millions of dollars in funds while serving as chief executive, and later chairman, of Nissan Motor Co. Nissan severed ties with the executive last Thursday in response to an internal probe that raised concerns about Ghosn’s alleged misdeeds.

Global News!

But some observers are questioning why Ghosn was not only fired from both Nissan and Mitsubishi, but also arrested after landing in Tokyo last week. Such concerns were escalated by comments made by Nissan’s current CEO and Ghosn rival, Hirota Saikawa, who reportedly told employees on Monday that Ghosn had become too powerful in his multiple roles with Nissan, Mitsubishi and their French alliance partner Renault. (more…)

Ghosn Scandal Could Fracture Renault-Nissan Alliance

Handling of allegations against Ghosn raising questions.

by on Nov.23, 2018

Carlos Ghosn was formally ousted as Nissan Chairman by the automaker's board on Thursday.

With relatively little debate, Nissan’s board voted to oust Chairman Carlos Ghosn on a Thursday afternoon emergency meeting at its headquarters in Yokohama, the latest move in a scandal that could see the man credited with saving the company remain in Japanese police custody for another week or more.

The 64-year-old Ghosn, who helped save the Japanese automaker in 1999 after it received a massive capital infusion from French carmaker Renault SA, was arrested on Monday upon returning to Japan and accused of both under-reporting his income by as much as $45 million, while also misusing company assets. Japanese media on Wednesday reported the Brazilian-born executive would remain in detention in Tokyo until prosecutors decide whether to bring a formal indictment.

Beyond the Headlines!

The arrest follows what Nissan CEO Hirota Saikawa described as a months-long investigation triggered by a “whistleblower.” But there are some questioning exactly what the case really involves, with the board of Nissan’s French alliance partner Renault SA notably choosing not to oust Ghosn as its own CEO while waiting for clear evidence. Several sources NBCNews.com spoke to went further, questioning why Ghosn was even arrested.

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Ghosn To Be Detained 10 Days; Crisis Straining Renault-Nissan Alliance

Penalty could include 10-year prison sentence.

by on Nov.21, 2018

Carlos Ghosn could remain in jain for as long as 10 days. The crisis is putting a strain on the Renault-Nissan Alliance.

Carlos Ghosn, the chairman of Nissan Motor Co., could spend as much as 10 days under detention after being arrested by Japanese authorities early this week for alleged financial misdeeds, according to news reports from Tokyo.

The 64-year-old executive, long one of the most respected leaders in the global auto industry, faces the prospect of being fired this week by Nissan’s board which is set to meet at company headquarters in Yokohama. However, the board of Renault SA, the Nissan alliance partner where Ghosn served as CEO, declined to dismiss Ghosn, at least for the time being, while details of his alleged crimes have yet to be fully disclosed.

News Now!

The crisis is putting a strain on the nearly two decade-old relationship between Nissan and Renault, as well as smaller Mitsubishi, the automaker in which Nissan purchased a controlling stake two years ago. Together, the three manufacturers cooperate as the Renault-Nissan-Mitsubishi Alliance coordinating everything from parts purchasing to vehicle manufacturing, though they remain independent entities. (more…)

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