Tag: Renault

Nissan CEO says new capital ties with Renault not discussed

TOKYO (Reuters) – Nissan CEO Hirota Saikawa told reporters on Monday that he had not heard directly about a reported French proposal to integrate Nissan’s management with France’s Renault, adding that it was not the stage to discuss revising their capital ties. FILE PHOTO: Nissan President and Chief Executive Officer Hiroto Saikawa attends a news… Continue reading Nissan CEO says new capital ties with Renault not discussed

Carlos Ghosn makes new request for bail, offering up passports and Nissan stock as collateral

Takashi Aoyama | Getty Images
Pedestrians walk past a big screen showing images of Former Nissan Motor Co. Chairman Carlos Ghosn in a news program on Jan. 8, 2019 in Tokyo, Japan.

Jailed former Nissan CEO Carlos Ghosn is staging a new bid to be granted bail, offering to meet greater restrictions and higher guarantees that include posting his Nissan stock as collateral.

Since he was arrested on November 21st, Ghosn has been detained in a Japanese jail, and has not been allowed to have direct contact with his family. Although he strongly denies the allegations made against him, he remains incarcerated while awaiting trial on charges he committed financial crimes while serving as CEO of Nissan.

In a court petition for his latest bail hearing, the 64 year-old says he is willing to pay a higher amount for bail, surrender his passports, and pay additional costs for security — if that is what the court requires as terms of being released from detention.

“As the Court considers my bail application, 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 released shortly before his latest bail hearing in Tokyo on Monday.

“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,” said Ghosn. “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.”

Fmr. Nissan CEO Ghosn to request bail from Japanese court
7:11 AM ET Fri, 11 Jan 2019 | 02:39

Ghosn's latest bail hearing comes exactly two months after he was detained by Japanese authorities who were investigating allegations Ghosn and another Nissan executive, Greg Kelly, did not disclose the full amount of Ghosn's compensation over several years.

Last week, a judge in Tokyo denied Ghosn's request for bail, clearing the way for him to potentially remain in jail until March 10th. Ghosn is appealing that ruling, and has amended his request for bail by offering new guarantees to the Japanese court. Among the guarantees Ghosn is willing to meet:

Live at a private apartment in TokyoPay a higher amount for bail and, if requested by the court, submit his shares in Nissan as collateral.

In addition, the former Nissan CEO says he is willing to report on a daily basis to prosecutors, surrender his passports, wear an electronic ankle-bracelet monitoring device and pay for court-approved security guards to monitor his whereabouts.

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 on January 7th.

Last week, Ghosn's wife Carole released a letter she sent to Human Rights Watch, decrying the harsh treatment he husband faces while detained and being 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,” she wrote.

Renault-Nissan merger ‘not on the table’: French minister

CAIRO: French Economy Minister Bruno Le Maire on Sunday dismissed talk of a merger between Renault and Nissan, despite Japanese media reports that France was pushing for it. Le Maire’s remarks were made during his visit to Cairo. Earlier on Sunday, Japanese media said France wants a merger between Renault and Nissan following the arrest… Continue reading Renault-Nissan merger ‘not on the table’: French minister

Paris informs Tokyo it wants Renault and Nissan to integrate: Nikkei

The logos of car manufacturers Renault and Nissan are seen in front of a common dealership of the companies in Saint-Avold, France, January 15, 2019. REUTERS/Christian Hartmann TOKYO (Reuters) – A French government delegation has informed Tokyo that it would seek an integration of Renault (RENA.PA) and Nissan (7201.T), most likely under the umbrella of… Continue reading Paris informs Tokyo it wants Renault and Nissan to integrate: Nikkei

Tesla layoffs, US-built VW electric car, an electrified Detroit: The Week in Reverse

Cadillac electric crossover SUV based on GM BEV3 modular platform
Which Chinese automaker showed an electric minivan in Detroit?

What upcoming SUV will underpin a new “elegant” electric from Lincoln?

This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending January 18, 2019.

Last week, the CES show in Las Vegas was something of a disappointment for visitors looking for the latest in electric and self-driving car technology. The Detroit auto show, long a staple of big horsepower and heavy iron, provided the jolt for electric car fans that CES lacked, with several new-car introductions.

2020 Ford Explorer, 2019 Detroit auto show

Ford showed a hybrid version of its redesigned, top-selling Explorer for 2020. Following the show, the company revealed that it is working on an all-electric version of its top-selling F-Series pickup.

Cadillac gave a glimpse of its upcoming electric SUV for 2022 about which it revealed details in an investor conference last week.

GAC Entranze concept, 2019 Detroit auto show

Chinese automaker GAC revealed a new electric minivan concept that it says could be one of the first cars from a Chinese automaker to arrive in the U.S. in 2020.

Nissan revealed a new high-riding luxo-sedan concept, the IMs. It shares some details with last year's IMx concept, an electric crossover SUV expected to arrive in production form next year.

Infiniti QX Inspiration SUV concept, 2019 Detroit auto show

The company's luxury brand, Infiniti, also introduced a new electric concept, the QX Inspiration, that previews a new sporty crossover SUV due to arrive as part of the brand's electric transformation.

And Nissan discussed how it might position its new e-Power series hybrid system that's likely to also drive Infinitis in the U.S.

2019 Hyundai Kona Electric

In the North American car, truck, and SUV awards announced at the show the Hyundai Kona, including the Kona Electric, defeated the Jaguar I-Pace for the utility vehicle of the year award.

More automakers than usual made news at industry conferences immediately following the show, including Volkswagen, which announced that it will expand its factory in Tennessee to build electric cars for the U.S. and will partner with Ford to build light pickups and vans for overseas markets, in a deal that is expected eventually to encompass shared electric cars.

Volkswagen charging at VW Elli charging station

Separately, Volkswagen also announced that it will follow Tesla into the power business, with a new lineup of products and services. The effort is called Elli and it will sell electric-car chargers, manage renewable energy, and more, aimed at electric car customers.

Lincoln revealed that it will adapt a version of Ford's upcoming high-performance electric SUV into an “elegant” electric crossover vehicle.

Comments from General Motors President Mark Reuss suggested that the company is not planning any new hybrids to replace the Chevrolet Volt when it ends production in April, even though it is one of the best-selling plug-in cars in America.

2020 Hyundai Ioniq [2020 Euro-spec model]

Detroit also wasn't the only place where new cars were revealed this week. Hyundai showed a refreshed version of its Prius-fighting Ioniq lineup in Europe.

And we brought you a roundup of details about how Audi and Mercedes-Benz have smaller electric SUVs in the works to follow their upcoming mid-size offerings.

No week seems complete without news from Tesla, the EPA, or Faraday Future, either. Tesla announced it will lay off 7 percent of its workforce, about 3,200 people, even as it continues to try to build more Model 3s. The company also began selling a new portable charger that will deliver 40 amps at 240-volts.

NEVS 9-3 concept, 2017 CES Asia

After burying the hatchet with Faraday Future, the startup automaker's lead investor announced that it will invest in the Chinese company building electric conversions of the last Saab 9-3 in China.

Finally, as EPA Acting Administrator Andrew Wheeler headed to Capitol Hill in the midst of the government shutdown for confirmation hearings as the agency's permanent head, Colorado poked the bear with its announcement that it plans to join California in requiring automakers to sell electric cars there.

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Wild Rinspeed MicroSnap Pops & Rearranges According To Your Traveling Needs – CleanTechnica

January 18th, 2019 by Nicolas Zart  I love Rinspeed’s wild imagination, and from where else can reality spring than imagination? Rinspeed Has A Smart Modular Approach For The Future of Our Mobility We already covered Rinspeed in the past, such as its electric skateboard concept where riding modules can be attached and removed, changed at will.… Continue reading Wild Rinspeed MicroSnap Pops & Rearranges According To Your Traveling Needs – CleanTechnica

Automakers prepare for worst as Brexit looms – Automotive News Europe

Britain would suffer most if it lost free trade with European markets since 80 percent of vehicles assembled in the country are exported, mostly to the European Union. But for Germany the stakes are also high. In 2016, Britain was the largest single export market for German manufacturers, who sold 800,000 new cars there, or… Continue reading Automakers prepare for worst as Brexit looms – Automotive News Europe

Motor racing-Stoll stays as Renault Sport president after Koskas leaves

PARIS, Jan 18 (Reuters) – Jerome Stoll will stay on as president of Renault Sport Racing, which includes the Formula One team, after the sudden departure of Thierry Koskas, the executive who was supposed to replace him. Koskas, who was a member of Renault’s executive committee reporting to chairman and chief executive Carlos Ghosn, was… Continue reading Motor racing-Stoll stays as Renault Sport president after Koskas leaves