Former Nissan and Renault boss Carlos Ghosn has been re-arrested by prosecutors in Japan on fresh allegations of financial misconduct. The 65-year-old was arrested last November and has been charged with a number of offences relating to his time at Nissan. He was recently released on bail, but he was detained by prosecutors yesterday over fresh… Continue reading Carlos Ghosn arrested in Japan on fresh misconduct charges
Tag: Renault
Nissan’s Ghosn arrested again for financial misconduct
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Price fixing: Daimler loses in the process for truck cartel
Mercedes logo Daimler wants to go against the verdict in revision (Photo: AP) FrankfurtIn the dispute over compensation for the truck cartel, the Stuttgart Higher Regional Court (OLG) was the first to rule against the truck builder Daimler like. The applicant has, in substance, a claim for damages Daimler, said the Higher Regional Court on… Continue reading Price fixing: Daimler loses in the process for truck cartel
Ford electric SUV could meet 300-mile target, and then some
Ford crossover EV teaser photo
Ford has been teasing—even promising—a new Mustang inspired high-performance electric SUV, perhaps called Mach E or Mach 1, that it says will have a 300-mile range.
Now the company has announced that the model has earned a 370-mile range rating in the generous European WLTP driving cycle.
DON'T MISS: 2021 Ford Mach E: What we know about 300-mile electric SUV
That doesn't mean that it will earn anything close to that rating on U.S. driving cycles.
The WLTP is known for generating higher ratings than EPA tests that have been adjusted to account for higher modern highway speeds and more use of air conditioning.
CHECK OUT: What past name should Ford revive for a future electric vehicle? Twitter poll results
The Nissan Leaf, for example, gets a 15 percent longer range rating in Europe on the WLTP diving than it does in the U.S.
Using that as a guideline, the potential “Mach E” might have a range of around 328 miles in the U.S.—a strong showing versus the Tesla Model Y—but that's far from official, and U.S. ratings from as many as five different tests mathematically combined can yield a wide range of results.
Still, anything close to 328 miles would be a very competitive range for an electric SUV. And anything over 300 miles would hold to Ford's promise.
RENAULT: Compensation of Mr. Ghosn for 2018 – April 3, 2019
RENAULT: Compensation of Mr. Ghosn for 2018 – April 3, 2019 PRESS RELEASE 03/04/2019 Compensation of Mr. Ghosn for the 2018 financial year Boulogne-Billancourt, April 3, 2019 – Following the resignation of Mr. Carlos Ghosn from his positions as Chairman of the Board of Directors and Chief Executive Officer on January 23, 2019, a meeting… Continue reading RENAULT: Compensation of Mr. Ghosn for 2018 – April 3, 2019
Carlos Ghosn calls the French government to defend him
In an interview with LCI before his arrest, the industrialist said he was “caught in an incredible gear abroad”. Carlos Ghosn is “a litigant like the others”, which benefits from the consular protection of France and the presumption of innocence, for its part recalled Bruno Le Maire. Go to Source
Japanese Justice stops Carlos Ghosn again
Posted 04/04/2019 10: 37: 41CET TOKYO, 4 Apr (Reuters / EP) – The Japanese Justice has returned to stop the former president of the automotive firms Renault, Nissan and Mitsubishi, Carlos Ghosn, for new charges that point to the manager allegedly had tried to get rich at the expense of his position as head of… Continue reading Japanese Justice stops Carlos Ghosn again
Aston boss: cost of autonomy will force mass car firm mergers
The investment needed to develop connected and autonomous vehicles will likely lead to mass consolidation of car companies globally, according to Aston Martin boss Andy Palmer. Speaking at the Society of Motor Manufacturers and Traders (SMMT) Connected Car Conference, Palmer said he believes many existing brands will have to form alliances, merge with or sell to… Continue reading Aston boss: cost of autonomy will force mass car firm mergers
Nissan moves China design center to Shanghai
Studio will draw on city’s talent and energy to create designs for customers in China and across the world SHANGHAI – Nissan Motor Co., Ltd. today announced the relocation of its China design center, one of five global hubs charged with designing the company’s vehicles, to Shanghai. Nissan Design China, previously based in Beijing, will… Continue reading Nissan moves China design center to Shanghai
Wednesday Morning Auto News, Apr 03, 2019
PSA chief says not focussed on partnership with Fiat Chrysler – Reuters: French carmaker PSA Group is not focussed on negotiating a new partnership with Fiat Chrysler, Chief Executive Officer Carlos Tavares said on Wednesday.
Blackstone raises $22 billion fund, its largest ev – Reuters: Asset manager Blackstone Group LP has raised more than $22 billion for its flagship buyout fund, which would be the company’s biggest ever, a source familiar with the matter told Reuters.
New McLaren Grand Tourer: latest pics of ‘rule-breaking’ model – Autocar: New McLaren Grand Tourer New GT, inspired by Speedtail hypercar, has been shown with reduced camouflage as test programme ramps up McLaren has released the clearest pictures yet of its new “rule-breaking” Grand Tourer ahead of its launch in May. The…
Jaguar Land Rover US sales fall, adding to parent Tata Motor’s woes – Nikkei:
Ford Brings Out the Jumper Cables in ChinaAgain – WSJ: Ford relaunched its China business, promising a bevy of new products, less than a year and a half after its last reboot failed to arrest a sharp decline in the …
Tesla preview: Musk in court, Q1 Model 3 delivery numbers – CNBC: CNBC’s Phil LeBeau joins “Squawk Box” to discuss what investors can expect from Tesla’s first quarter delivery numbers as well as Elon Musk’s legal battle with …
Toyota offers to share electrified tech with rival firms – Autocar: Japanese company will offer royalty-free licences to almost 24,000 electrified vehicle parts and systems Toyota will offer other car firms royalty-free use of nearly 24,000 patents it holds for electrified vehicle technology, in a bid to accelerate…
Ford, GM, Toyota unite to identify AV best practices – Automotive News: A trio of automakers and SAE International plan to identify safety principles and advance the testing, development and, ultimately, the deployment of Level 4 and Level 5 autonomous vehicles.
Ford teases sporty Puma small SUV – Automotive News: … Puma will compete against the Toyota C-HR, the Hyundai Kona, Kia Stonic and the upcoming replacements for the Renault Captur and Opel Mokka.
Ghosn’s sudden Twitter appearance is latest surprise move by ousted businessman – Reuters: Ousted Nissan boss Carlos Ghosn’s sudden appearance on Twitter on Wednesday was a surprise move by the businessman that perplexed people and sent journalists scrambling, and not for the first time.
Audi to showcase self-driving city car – Automotive News: Audi said its AI:ME design study demonstrates is vision for a self-driving city car for megacities. The concept will have its public debut at the Shanghai …
GM, Ford and Toyota join to advance self-driving testing, standards – Reuters: Three major automakers said on Wednesday they were forming a consortium to help draw up safety standards for self-driving cars that could eventually help …
Volkswagen begins testing automated cars in Hamburg – CNBC: The tests are being carried out by Volkswagen Group Research.
Foxconn shrinks Android arm and plots shift to automotive electronics – Nikkei: Foxconn’s Android smartphone arm is scaling back its mobile business and moving into next generation automotive electronics in a bid to …
Elon Musk reveals his favourite cryptocurrency – FT: We all know by now that Elon Musk is a fan of crypto. He told Tesla uber-shill Cathy Wood a few weeks ago that: Paper money is going away, and …
French carmaker PSA launches Citroen C5 Aircross SUV in India – Reuters: PSA Group on Wednesday launched its Citroen C5 Aircross SUV in India and said it would be available before the end of 2020, as the French carmaker re-enters the Indian market to expand beyond Europe.
VW to preview Tesla Model X fighter at Shanghai show – Automotive News: Volkswagen Group plans to launch 70 full-electric vehicles by 2028 and build 22 million cars off various EV architectures including the VW brand’s …
Asia tech companies fuel $23bn convertible bonds boom – FT: Shanghai-based electric-car maker Nio, for example, priced its IPO towards the low end of its range last year. The company raised $650m in a …
More Bad News for Lyft Stock: Congestion Pricing – Barrons: Ride-hailing company Lyft got some potentially bad news just days after it went public, as New York state passed a budget that includes new …
VW to preview Tesla Model X fighter at Shanghai auto show – Automotive News: Volkswagen’s I.D. Roomzz concept previews a flagship full-electric SUV that will rival the Tesla Model X. VW will debut the concept at the Shanghai auto show.
Ford gives Kuga ‘friendlier’ look – Automotive News: The Kuga was Europe’s was the fourth best-selling compact SUV in 2018 after the Nissan Qashqai, VW Tiguan and Peugeot 3008, data from JATO …
Ford to launch more than 30 new models in China over next 3 years – Reuters: Ford Motor plans to launch more than 30 new models in China over the next three years of which over a third will be electric vehicles, the U.S. automaker said on Wednesday, as it seeks to reverse slumping sales in the world’s top auto market.
Carlos Ghosn, Embattled Former Nissan Chief, Is on Twitter – New York Times: The auto executive, who faces criminal charges in Japan, said he would hold a news conference next week “to tell the truth about what’s happening.”
Daimler, BMW to limit cooperation to affordable electric car in China: paper – Reuters: Daimler and BMW are looking to limit their planned cooperation to jointly produce an affordable electric car in China, German daily Sueddeutsche Zeitung …
Ford Puma: what’s in a name? – Autocar: The original Ford Puma The Puma nameplate makes a comeback. But this time the thinking is more inside than outside of the box One in three car buyers in Europe is choosing an SUV. Unless it”s a Ford, in which case it”s more like one SUV in every five…
VW Joins BMW in Testing Self-Driving Cars on German City Streets – Bloomberg: Volkswagen AG has started testing five electric and highly-automated versions of its Golf compact cars on the streets of Hamburg.
Carlos Ghosn opens Twitter account and vows to ‘tell truth’ – Nikkei:
Toyota to make thousands of hybrid patents royalty-free – FT: Toyota plans to make thousands of patents relating to its hybrid technology royalty-free, in a move analysts say will help keep the technology relevant …
Brussels Edition: French Disconnection – Bloomberg: With the threat of punitive U.S. tariffs on European cars and auto parts … No Exemption | The EU ordered the U.K. to claw back illegal tax breaks … fight with China nearly a year after the initial salvos of the trade war were fired. … contingency…
Carlos Ghosn on Twitter: Ready to ‘tell the truth’ about events – Reuters: Ousted Nissan Motor Co boss Carlos Ghosn on Wednesday said on Twitter that he was getting ready to tell the truth about recent events and that he would hold a news conference on April 11.
Toyota to give royalty-free access to hybrid-vehicle patents -Nikkei – Reuters: Toyota Motor Corp plans to offer royalty-free access to its hybrid-vehicle technology patents as early as this year, the Nikkei Asian Review reported on Wednesday.
Uber spent $2m lobbying for NY congestion charge – FT: Uber has spent $2m lobbying for congestion pricing in New York City since 2015, culminating in a first-in-the-nation plan to address problems …
Uber’s Main Rival in India Plans to Join London Race – Bloomberg: Ola, Uber Technologies Inc.’s biggest rival in India, said it will take on the ride-hailing giant in London before the end of the year after launching in five …
The mystery of Carlos Ghosn’s downfall – FT: Almost five months after his arrest at Tokyo’s Haneda airport, there is a still a lot we don’t know for certain about the downfall of Carlos Ghosn. We don’t …
Tokyo prosecutors readying new case against Ghosn over Oman payments: report – Reuters: Tokyo prosecutors are preparing to build a *fresh* case against ousted Nissan Motor Co Ltd chairman Carlos Ghosn over suspect payments the automaker made …
Infiniti concept hints at Q50-based sports car – Automotive News: The Infiniti sports car concept previews a future production model and is said to be based on the Q50 sedan.
Trump’s Embattled Fed Pick Has No Plans to Step Aside – New York Times: Stephen Moore, President Trump’s presumptive nominee for a seat on the Federal Reserve board, said on Tuesday that he had no …
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