Nissan and Mitsubishi accuse Ghosn of charging 7.8 million irregularly

Posted 1/18/2019 10:03:42 PM Mitsubishi and Nissan study joint legal actions against Ghosn TOKYO, Jan. 18 (EUROPA PRESS) – The Japanese automakers Nissan and Mitsubishi have presented the results of an internal investigation in relation to the former president of the two firms, Carlos Ghosn, in which they have concluded that the manager charged irregularly… Continue reading Nissan and Mitsubishi accuse Ghosn of charging 7.8 million irregularly

Regarding joint investigation into Nissan-Mitsubishi B.V.

YOKOHAMA, Japan – Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation announced today results from their ongoing joint investigation into misconduct carried out by Carlos Ghosn, former chairman of the two companies. The results confirm that Ghosn received improper payments from Nissan-Mitsubishi B.V. (NMBV), a joint venture company established by Nissan and Mitsubishi Motors. NMBV… Continue reading Regarding joint investigation into Nissan-Mitsubishi B.V.

Ghosn received $9 million improperly from Mitsubishi-Nissan JV: companies

FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo TOKYO (Reuters) – Arrested auto executive Carlos Ghosn improperly received 7.8 million euros ($9 million) in compensation from… Continue reading Ghosn received $9 million improperly from Mitsubishi-Nissan JV: companies

Nissan challenges Tesla in massive shift to electric with ‘complete reinterpretation’ of the car

Paul Eisenstein/CNBC
The Nissan IMs electric sports sedan at the 2019 North American International Auto Show in Detroit on Monday, Jan. 14, 2019.

While most of the products debuting at this year's North American International Auto Show give a glimpse of what will be coming to showrooms before the end of the year, Japanese automaker Nissan and its luxury Infiniti brand, are looking a bit further into the future with a pair of radical battery-electric vehicle concepts.

The Nissan IMs and Infiniti QX Inspiration, unveiled in Detroit this week, don't just hint at the broad plans the two marques have to electrify their lineups. The models imagine what Nissan's North American CEO described as a “complete reinterpretation” of how tomorrow's zero-emissions vehicles will be designed and engineered. Among other things, that will allow them to create vastly more roomy interiors by all but eliminating the traditional engine compartment.

“Our strategy with electric vehicles isn't if it will happen, but when it will happen,” Nissan North America CEO Denis Le Vot said as he lifted the covers on the IMs concept vehicle during a news conference at the show.

Nissan was the first major automaker to launch a high-volume battery-electric vehicle and, since the Leaf hatchback came to market in 2011, it has become the world's best-selling BEV. It has been losing momentum, however, as competitors like the Tesla Model 3 and Chevrolet Bolt EV have come to market. To kick-start sales, the automaker last week announced it will increase the range of the Leaf by about 50 percent, to 226 miles.

Photo: Paul Eisenstein
2019 Nissan Leaf

But the Leaf also will be getting company in the coming years. Le Vot also announced in Detroit that Nissan will have eight all-electric models in its global fleet by 2022. Alliance partners Renault and Mitsubishi are bringing out four more. The Japanese maker alone is forecasting it will see about 1 million BEVs annually by mid-decade.

While the Nissan brand will continue to market conventionally powered gas and diesel models for the foreseeable future, the Infiniti division is planning an even more aggressive transformation, said Christian Meunier, the recently named CEO of the Infiniti brand, which is based in Hong Kong.

Starting in 2021, all products will be electrified, he said in an interview. In the case of Infiniti, that will mean both battery-electric vehicles and what are known as serial plug-in hybrids. These have range-extending gas engines on board, but if they fire up they only serve as generators, sending power to the electric motors that actually drive the wheels.

“It will take about two to three years” to phase out conventional drivetrains, Meunier estimated.

Infiniti suffered an embarrassing moment at the auto show on Monday, when its QX Inspiration concept initially failed to roll out onto the stage, as planned, due to a problem with its electric drivetrain. Despite that setback, Meunier called the prototype “the embodiment of our future in the form a striking electric crossover.”

The QX Inspiration is loaded with upscale features, including a marble center console and a Japanese redwood roof liner. But like the less exotically finished Nissan IMs, what really matters is the actual layout of the vehicle.

Paul Eisenstein/CNBC
The Infiniti QX Inspiration at the 2019 North American International Auto Show in Detroit on Monday, Jan. 14, 2019.

Indeed, both concepts place their battery packs, motors and other key drivetrain components under their load floors. That means there is virtually nothing left that would require a conventional engine compartment. So, both IMs and QX Inspiration adopt a very “cab-forward” design, as global Nissan corporate design director Alfonso Albaisa calls it. That recaptures much of the area that normally would be under the hood, yielding the equivalent of a full-size interior in a compact car's footprint.

“We think this is a unique opportunity to improve the ergonomics of our vehicles,” said Karim Habib, Infiniti's design chief.

Meunier noted that Infiniti and Nissan will consolidate the prototype platforms used for the IMs and QX Inspiration concepts by the time production versions come to market, reducing development costs and increasing efficiencies.

Both concepts also feature fully autonomous driving capabilities, though motorists can drive manually if they prefer. In fully driverless mode, however, Habib and Albaisa noted vehicles could be transformed into mobile living rooms or offices, with steering wheels retracting and seats being allowed to swivel so occupants can face one another.

How soon fully autonomous technology will be ready for production is a matter of debate, but the push to electrification — and with it a major shift in auto design — is already underway. Jaguar adopted a more cab-forward approach with the new I-Pace battery SUV it launched for the 2019 model year, and other brands are expected to follow.

Paul Eisenstein/CNBC
The Nissan IMs electric sports sedan at the 2019 North American International Auto Show in Detroit on Monday, Jan. 14, 2019.

Communication of the Lead Independent Director and the Chair of the Appointment and Governance Committee

Philippe Lagayette, Lead Independent Director, and Patrick Thomas, Chair of the Appointment and Governance Committee confirm that the governing bodies of Renault are actively working to find the best solution for the future governance of the group, with a view to preserving the company’s interests and strengthening the Renault Nissan Alliance.   The Board of… Continue reading Communication of the Lead Independent Director and the Chair of the Appointment and Governance Committee

Renault executives, French government officials to meet Nissan CEO: Nikkei

TOKYO/PARIS (Reuters) – Renault executives and French government officials were planning to meet Nissan CEO Hiroto Saikawa in Japan on Thursday, Japanese media said, as the automakers consider their partnership in the wake of alliance Chairman Carlos Ghosn’s arrest. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of a… Continue reading Renault executives, French government officials to meet Nissan CEO: Nikkei

“Permanently prevented”: France drops Renault CEO Ghosn

REUTERS Carlos Ghosn has been imprisoned in Japan for two months: “There must be a new stage if Ghosn is permanently prevented” The French government is now seeking a replacement of Carlos Ghosn as head of the automaker Renault Show stock market chart on. Finance Minister Bruno Le Maire told TV channel LCI on Wednesday… Continue reading “Permanently prevented”: France drops Renault CEO Ghosn

French Government Calls for Carlos Ghosn to Be Replaced as Renault’s Leader – The New York Times

PARIS — For nearly three months, as its chairman and chief executive, Carlos Ghosn, remained jailed in Tokyo on allegations of financial misconduct, the French carmaker Renault stood by him. But with Mr. Ghosn now facing the prospect of being detained for an extended period after a Tokyo court on Tuesday rejected his bail request,… Continue reading French Government Calls for Carlos Ghosn to Be Replaced as Renault’s Leader – The New York Times

Tekion Receives Investment from Alliance Ventures

Tekion, a California-based company which brings connected digital experiences to automotive retail through Machine Learning and Artificial Intelligence capabilities, received an investment from Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi. The amount of the deal was not disclosed. Led by Founder and Chief Executive Officer, Tekion provides a cloud ML/AI, Big Data and… Continue reading Tekion Receives Investment from Alliance Ventures

Renault: the loose state Carlos Ghosn and he seeks a successor

The government triggers, unsurprisingly, the post-Ghosn. The Minister of the Economy, Bruno Le Maire, asked this Wednesday the convocation of a board of directors “In the next few days” – this weekend according to our information – to appoint a successor to CEO Renault, still incarcerated in Japan. “I always said, recalling the presumption of… Continue reading Renault: the loose state Carlos Ghosn and he seeks a successor