VinFast presented three models and their prices at its maiden show in Hanoi Tuesday afternoon. Its five-seat sedan Lux A2.0 and seven-seat SUV Lux SA 2.0, which had already been revealed to the public for the first time at the Paris Motor Show last month, cost VND800 million ($34,305) and VND1.136 billion ($48,709) respectively. The… Continue reading VinFast car prices fail to convince Vietnamese consumers
Tag: Nissan
Carlos Ghosn no longer capable of leading Renault, says French minister
Nissan Car executive, who is also chairman of Nissan, arrested in Japan over alleged misconduct Carlos Ghosn presents Renault’s 2010 results. Photograph: Emma Foster/EPA France’s finance minister has declared Carlos Ghosn is no longer capable of leading Renault, after the executive, one of the leading figures in the global car industry, was arrested on Monday… Continue reading Carlos Ghosn no longer capable of leading Renault, says French minister
American Greg Kelly called 'mastermind' of alleged Ghosn abuses at Nissan
American Greg Kelly called 'mastermind' of alleged Ghosn abuses at NissanA Nissan Motor Co. executive who was arrested Monday along with the company's chairman has been with the company for 30 years.
Nissan representative director Greg Kelly was also the first American to sit on the Japanese carmaker's board of directors.
Company officials said Monday chairman Carlos Ghosn was arrested and will be dismissed for alleged under-reporting of his income and misuse of company funds.
Officials also said Kelly was the “mastermind” of the alleged abuses.
Kelly joined the company's American subsidiary, Nissan North America Inc. in March 1988 as a senior manager and associate legal counsel, according to the company.
He was named director of human resources at the company five years later.
Kelly held various positions at the company until he became representative director, senior vice president in June 2012. He's been a Nissan representative director since February 2015.
He earned a bachelor's degree in public administration from Augustana College in Rock Island, Illinois. He also has a law degree from the Loyola University School of Law, according to Nissan.
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Mitsubishi will propose removing Ghosn from board
Marlene Awaad | Bloomberg | Getty Images
Carlos Ghosn, chairman of the alliance between Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp., pauses during a Bloomberg Television interview at the Paris Motor Show in Paris, France, on Tuesday, Oct. 2, 2018.
Mitsubishi will propose removing embattled executive Carlos Ghosn from its board of directors, the company said Monday.
Ghosn, who is chairman and CEO of the strategic alliance among French automaker Renault and Japanese carmakers Nissan and Mitsubishi, was arrested Monday in Tokyo on charges of making misleading financial statements to regulators, Mitsubishi said Monday.
Nissan CEO Hiroto Saikawa held a press conference earlier on Monday saying Nissan would seek Ghosn's removal from his roles at Nissan.
Nissan said a whistleblower alerted the company to several instances of alleged misconduct on Ghosn's part, including underreporting compensation to regulators and personal misuse of company money.
In addition to being chairman and CEO of the alliance, the chairman of Nissan, and a board member at Mitsubishi, Ghosn is also the CEO of Renault.
Ghosn began spearheading the alliance between Renault and Nissan in the late 1990s. Many industry veterans were skeptical that an alliance between a French car company and a Japanese carmaker would ever work. But the initiative was successful, and the two were joined by Mitsubishi in 2016.
Here is the full statement from Mitsubishi:
“Mitsubishi Motors Corporation (MMC) today announces that media outlets reported that MMC's Chairman of the Board and Representative Director, Carlos Ghosn, had been arrested by Tokyo District Public Prosecutors Office on the charge of filing annual securities reports containing fake statement, in breach of the Financial Instruments and Exchange Act.
“In response to the arrest of Ghosn, and since the alleged misconduct is related to a corporate governance and compliance issue, it is to be proposed to the Board of Directors to promptly remove Ghosn from his position as MMC's Chairman of the Board and Representative Director.
“We will readily conduct an internal investigation on whether Ghosn has been engaged in the misconduct like the above within MMC.
“MMC deeply apologizes for any concern caused by the recent event.”
Nissan boss arrested over ‘misconduct’
Nissan chairman Carlos Ghosn has been arrested over claims of financial misconduct, the carmaker has said. Mr Ghosn, a towering figure in the car industry, will be sacked from the Japanese firm after a board meeting on Thursday, its chief executive said. He has been accused of “significant acts of misconduct”, including under-reporting his pay… Continue reading Nissan boss arrested over ‘misconduct’
Kia dealer network sees 5% rise in profitability
These are good times at Kia. Against a downward curve of new car registrations so far this year, year-on-year lower by 7.5% across the industry over the first nine months, Kia is one of very few to have managed an increase. It has bucked the trend with sales up by 2.8%. While WLTP and other… Continue reading Kia dealer network sees 5% rise in profitability
Rivian teases electric pickup and SUV planned for LA auto show
Rivian R1T electric pickup concept teaser A new startup automaker, Rivian, plans to beat Tesla to the punch with an electric pickup truck. After years of stealth, the company is finally poised to reveal its new pickup and SUV at the LA auto show later this month. This week, the company set up a media… Continue reading Rivian teases electric pickup and SUV planned for LA auto show
Groupe Renault acquires start-up Carizy, specialized in services of used-vehicle sales between private individuals
• Groupe Renault announces the acquisition of Carizy, a French start-up specialized in intermediation between private individuals in used-vehicle sales.• The acquisition is part of Groupe Renault’s strategy to establish itself in this growing, high-potential market. Boulogne-Billancourt, November 15, 2018 – Groupe Renault is announcing the acquisition of CARIZY, a service company specialized in intermediation between… Continue reading Groupe Renault acquires start-up Carizy, specialized in services of used-vehicle sales between private individuals
Francois Renard appointed Groupe Renault Global Marketing Director
Boulogne-Billancourt, November 15, 2018As of November 19, 2018, François Renard will join Groupe Renault as Global Marketing Director. He will report to Thierry Bolloré, Chief Operating Officer, and sit on the Groupe Renault Management Committee (CDR). In the Global Marketing Division, the remit of François Renard will be to strengthen the attractiveness and brand awareness… Continue reading Francois Renard appointed Groupe Renault Global Marketing Director
Thierry Koskas is appointed President of Renault Sport Racing
As of January 1, 2019, Thierry Koskas is appointed President of Renault Sport Racing, replacing Jérôme Stoll. He will report directly to Carlos Ghosn, Chairman and Chief Executive Officer of Groupe Renault. Boulogne-Billancourt, November 15, 2018 After a season marked by the progress of the Renault Sport Formula One Team, Thierry Koskas will aim… Continue reading Thierry Koskas is appointed President of Renault Sport Racing