Sixteen million dollars. This is the price that have agreed to pay Nissan (up to 15 million) and its former CEO Carlos Ghosn (for 1 million) to extinguish the lawsuits launched against them by the US Stock Exchange’s gendarme, the Securities and Exchange Commission (SEC). At age 65, Carlos Ghosn is also banned from running… Continue reading Carlos Ghosn and Nissan reach an agreement with the gendarme of the American Stock Exchange
Tag: Nissan
SEC sues former Nissan CEO Carlos Ghosn over compensation: court filings
FILE PHOTO: Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention House in Tokyo, Japan April 25, 2019. REUTERS/Issei Kato (Reuters) – The U.S. Securities and Exchange Commision filed a lawsuit on Monday against former Nissan Motor chief executive Carlos Ghosn over claims he took part in a scheme to conceal from public disclosure… Continue reading SEC sues former Nissan CEO Carlos Ghosn over compensation: court filings
Electric vehicle startup Rivian gets a jolt from big Amazon.com van order
DETROIT (Reuters) – Electric vehicle startup Rivian Automotive LLC got a big boost from one of its investors on Thursday when Amazon.com announced it was ordering 100,000 electric delivery vans. FILE PHOTO: A Rivian R1S All-Electric SUV is displayed at the 2019 New York International Auto Show in New York City, U.S, April 17, 2019.… Continue reading Electric vehicle startup Rivian gets a jolt from big Amazon.com van order
Battered carmaker: Nissan wants to save itself with division sale
Jae C. Hong / AP Nissan showroom in Tokyo: The car maker is struggling with a profit slump, weak sales and a leadership chaos The weakening Japanese carmaker Nissan Show stock market chart According to circles, the sale of its parts trading division wants to flush fresh money into the cash register. The subsidiary Nissan… Continue reading Battered carmaker: Nissan wants to save itself with division sale
Nissan and EDF Group partners to accelerate Electric Vehicle adoption and grid integration across Europe
2019/09/18 Nissan and EDF Group have signed a cooperation agreement to accelerate the delivery of electric mobility together – particularly through the smart charging of electric vehicles. This agreement applies to the United Kingdom, France, Belgium and Italy. The cooperation agreement focuses mainly on developing smart charging solutions (vehicle to grid, or V2G) by bringing… Continue reading Nissan and EDF Group partners to accelerate Electric Vehicle adoption and grid integration across Europe
Nissan plans sale of Trading unit in $1 billion deal: Bloomberg
FILE PHOTO: A man is silhouetted at a show room of Nissan Motor Co. in Tokyo, Japan, February 12, 2019. REUTERS/Kim Kyung-hoon/File Photo (Reuters) – Nissan Motor Co Ltd (7201.T) is looking to sell its vehicle parts and materials distribution business in a deal that may be valued at about $1 billion, Bloomberg reported on… Continue reading Nissan plans sale of Trading unit in $1 billion deal: Bloomberg
Mobivia et Renault s’associent en vue d’acquérir Exadis (FR only)
Mobivia et Renault s’associent pour acquérir ensemble la majorité du capital d’Exadis, société de pièces de rechange du Groupe Laurent, aux côtés du Groupement des Concessionnaires Renault (GCR), qui conserve sa participation minoritaire. Le projet prévoit qu’Exadis poursuive et développe de manière autonome son activité de distributeur-stockiste de pièces automobiles multimarques, en s’appuyant sur une… Continue reading Mobivia et Renault s’associent en vue d’acquérir Exadis (FR only)
Ineos set to choose Bridgend to build new 4×4
Ineos Automotive has chosen Bridgend for the production of its new 4×4 vehicle, according to industry reports. Ford will close its plant in the town in 2020 with the loss of 1,700 jobs, but it is understood 500 new jobs could be created through Ineos. The firm has been looking at Bridgend and an unknown… Continue reading Ineos set to choose Bridgend to build new 4×4
Mitsubishi Motors to Begin Producing the XPANDER in Vietnam in 2020
TOKYO, Sept 16, 2019 – (JCN Newswire) – Mitsubishi Motors Corporation (MMC) announced on September 12 that it will begin producing XPANDER crossover multi-purpose vehicle (MPV) at its production site in Vietnam. On the same day, the company held a ceremony in Ho Chi Minh City, Vietnam to commemorate the 25th anniversary of Mitsubishi Motors… Continue reading Mitsubishi Motors to Begin Producing the XPANDER in Vietnam in 2020
Electric cars, Renault studies 10 thousand euro models
BEV 13 September 2019 2 ‘of reading Renault is working on an electric vehicle for Europe to sell for no more than 10,000 euros. The EV could be on sale within the next five years has declared Renault CEO Thierry Bolloré at the Frankfurt Motor Show. Renault has decades of experience in building electric cars… Continue reading Electric cars, Renault studies 10 thousand euro models