A Tokyo court has rejected Carlos Ghosn’s latest request for bail, despite his promise to wear an electronic tag to secure his release. The former Nissan boss has been in detention since 19 November on allegations of financial misconduct. Lawyers for Mr Ghosn, who denies any wrongdoing, have said he could remain in custody for… Continue reading Ex-Nissan boss Ghosn’s bail request denied
Tag: Renault
EXCLUSIVE: Carlos Ghosn ready to resign from Renault
That should allow everyone to save face. For several weeks, Renault had spoken with the entourage of Carlos Ghosn to discuss his resignation. According to our information, it is now acquired. “Carlos Ghosn has been informed, both through the representatives of the State and by the group’s lawyers, of Renault’s desire to put in place… Continue reading EXCLUSIVE: Carlos Ghosn ready to resign from Renault
Ghosn’s latest bail request rejected by Tokyo court
Ousted Nissan chief executive had offered to be electronically tagged Go to Source
TomTom to sell Telematics unit to Japan’s Bridgestone for $1.03b
January 22, 2019 TomTom, the Dutch navigation and digital maps company, said on Tuesday it has agreed to sell its Telematics, or the fleet management business, to Japan’s Bridgestone for 910 million euros (£802.5 million or $1.03 billion). The company will return 750 million euros of that to shareholders via a capital repayment and share… Continue reading TomTom to sell Telematics unit to Japan’s Bridgestone for $1.03b
New Renault TWINGO: More fun, more sophisticated than ever
Download Conditions All materials on this website are the sole property of Renault SAS and/or of its subsidiaries or of any third party having granted Renault SAS permission to use them. Please note that these materials are for editorial use only. Commercial use, including advertising, marketing and merchandising, is strictly prohibited. All trademarks are the… Continue reading New Renault TWINGO: More fun, more sophisticated than ever
Ghosn’s bail is again denied as he faces a long stretch in jail
Marlene Awaad | Bloomberg | Getty Images
Nissan's former chairman Carlos Ghosn was denied bail by a Tokyo court on Jan. 22, 2019.
For the second time in a week, Carlos Ghosn lost a court fight to be granted bail. The latest defeat came Tuesday in Tokyo when a judge denied an appeal from the former Nissan CEO.
The decision means Ghosn will likely remain in detention until early March.
In his latest petition for bail, the 64 year old offered to pay a higher amount, put up his Nissan stock as collateral and surrender his passports.
“I want to emphasize that I will reside in Japan and respect any and all bail conditions the Court concludes are warranted,” Ghosn wrote in a statement. “I will attend my trial not only because I am legally obligated to do so, but because I am eager to finally have the opportunity to defend myself. I am not guilty of the charges against me and I look forward to defending my reputation in the courtroom; nothing is more important to me or to my family.”
Ghosn has been in jail in Japan since November as Japanese authorities have investigated allegations he and another Nissan executive, Greg Kelly, did not disclose the full amount of Ghosn's compensation over several years. While in detention in a Japanese jail, Ghosn has not been allowed to have direct contact with his family. He remains incarcerated while awaiting trial on charges he committed financial crimes while serving heading Nissan.
At a bail hearing earlier this month, Ghosn spoke publicly for the first time about his detention and denied the charges against him.
“I have been wrongly accused and unfairly detained based on meritless and unsubstantiated accusations,” Ghosn told the judge at his hearing.
Last week, Ghosn's wife released a letter she sent to Human Rights Watch decrying the treatment her husband has faced while detained and investigated.
“For hours each day, the prosecutors interrogate him, browbeat him, lecture him, and berate him, outside the presence of his attorneys, in an effort to extract a confession. No human being should be detained under conditions so harsh that their only plausible purpose is to coerce a confession,” Carole Ghosn wrote.
Carmakers risk bumps in the road to collaboration
New Ford and VW partnership may face strains similar to those at Renault and Nissan Go to Source
TEPCO Ventures invests $2.5 million in V2G provider Fermata Energy
Fermata Energy, a provider of vehicle-to-grid (V2G) technology, has secured a $2.5-million strategic investment from TEPCO Ventures, the investment arm of Tokyo Electric Power. Fermata’s bi-directional chargers enable EV batteries to provide energy storage to the power grid, reducing power loads during peak times and consequently reducing electricity costs. Fermata Energy’s proprietary software system is… Continue reading TEPCO Ventures invests $2.5 million in V2G provider Fermata Energy
BMW plans to tone down styling of its electric cars
BMW i Vision Dynamics concept, 2017 Frankfurt Motor Show
To stand out, or not to stand out. That is the question many electric automakers are asking as electric cars transition from being something new and different to being just another drive system for all types of cars.
Among the most recognizable electric-car designs are those that stand out from the crowd: The original Nissan Leaf, the Toyota Prius Prime, the BMW i3.
CHECK OUT: 2019 BMW i3 to get bigger battery with 153-mile range
Now electric cars are going more mainstream, according to an October interview with BMW styling director Adrian van Hooydonk in the British publication Autocar, so there's no reason to make them look so different.
“BMW customers want a dynamic car, whether it is a battery-electric vehicle or not,” van Hooydonk told Autocar. “So there’s is increasingly less reason to make these kinds of cars look different.”
READ THIS: BMW Vision iNext electric concept redefines German luxury flagship
It has been a long-running debate among designers of hybrid and electric vehicles. People buy cars to make a statement, just as they might buy a jacket or shoes. Early hybrid and electric car buyers wanted their support for the environment, or at least their reduced petroleum consumption.
Driving an ordinary-looking car didn't accomplish that. Onlookers had no reason to strike up a conversation to ask why they were driving it.
BMW Vision iNext concept
BMW's change of heart is another sign that electric cars are moving beyond early adopters to more mainstream buyers—known as the “early majority,” among marketers. The early majority accepts that early adopters have proven a technology, and wants to establish that it is now mainstream.
Building good-looking, but mainstream, cars with electric powertrains accomplishes that goal.
DON'T MISS: All-electric BMW i4 to be production version of i Vision Dynamics concept
BMW executives have announced that instead of building completely separate designs for electric cars—such as the i3 and i8 with their carbon-fiber chassis and aluminum floor pans—the brand will work to develop electric versions of all of its primary cars, such as the upcoming 2020 iX3 SUV, which is an electric version of the X3, and the 2019 Mini Cooper S E, an electric version of the standard Mini hatchback.
Other upcoming BMW electric-car concepts show a mixed approach. The luxurious and nominally self-driving Vision iNext luxury SUV, which could inspire a production model in about 2022, is all harsh angles, with odd wings and big pillarless glass. It will definitely stand out on the road.
BMW's Vision Dynamics concept is a sleek four-door sedan that previews the company's next electric car (after the iX3 and the Mini Cooper S E), an electric version of the elegant-looking but relatively mainstream 4-series. It will also stand out on the road—but for its elegance, not just its brash, indifferent, difference.
Jaguar I-Pace outsells all other cars in the Netherlands in December
Tax changes can have great effects on car sales. In Belgium, new fiscal deductability rules taking effect on January 1st 2018 prompted thousands of buyers to sign an order form for a (premium) plug-in hybrid in December. A similiar phenomenon has manifested itself in the Netherlands last month: Dutch company car drivers hurried to the… Continue reading Jaguar I-Pace outsells all other cars in the Netherlands in December