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Nissan special committee says carmaker suffered from poor governance

A special committee set up by Nissan Motor Co to examine the root cause of alleged financial misconduct by ousted chairman Carlos Ghosn on Sunday said it appeared that the Japanese carmaker suffered from poor governance procedures, including director compensation.
Tags: Money, businessNews, Nissan, Carlos Ghosn, Nissan Motor Co


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

A French government delegation has informed Tokyo that it would seek an integration of Renault and Nissan, most likely under the umbrella of a single holding company, the Nikkei reported on Sunday.
Tags: Money, businessNews, Paris, Tokyo, Nissan, Renault


Everyone who's telling you that Tesla is influencing the rest of the auto industry is completely wrong (TSLA)

Tesla is routinely considered to be influencing the traditional auto industry. Tesla has exerted some influence, but it has been relatively modest in the grand scheme of things. Auto executives are too busy dealing with real business problems to worry about Tesla — and if Tesla did become truly influential, the traditional industry could quickly develop and sell millions of electric vehicles. If you follow Tesla and the company's endless flurry of news, non-news, rumor, innuendo, and Twitteri...
Tags: Apple, Facebook, Elon Musk, California, US, Trends, General Motors, Tesla, Ford, Gm, Tokyo, Chevy, Electric, Nissan, Detroit, Cadillac


Tesla to cut 3,100 jobs as Musk sees ‘difficult’ road ahead

Elon Musk is cutting Tesla Inc.’s workforce by 7 percent — or more than 3,000 jobs — warning that the “road ahead is very difficult” in making electric cars more affordable for the mass market. Tesla shares fell as much as 7.7 percent shortly after the start of regular trading. Musk wrote in a blog post that the Palo Alto-based company managed to eke out a profit in the final three months of 2018, though narrower than the hard-won third-quarter earnings it reported in October. Tesla is under pre...
Tags: Europe, Business, Elon Musk, Mississippi, China, Tesla, Sport, Palo Alto, Frankfurt, Soccer, Ford, SEC, Jaguar Land Rover, Audi, Nissan, Morgan Stanley


Tesla's layoffs mean the company's lead on electric vehicles could be ending, one Wall Street analyst says (TSLA)

Tesla is laying off about 3,000 workers, the company announced Friday morning. Shares dropped as much as 7% following the news as investors questioned what the restructuring meant for the stock. Morgan Stanley said the move could be a sign Tesla's US market-share lead could be peaking, while an analyst at Wedbush said investors had "more questions than answers." News on Friday that Tesla planned to lay off about 3,000 workers seemed to heighten investor worries that demand could be shrinking ...
Tags: Elon Musk, California, US, Trends, Tesla, Ford, TSLA, Chrysler, Nissan, Morgan Stanley, Detroit, Jonas, Musk, Cadillac, Geely, Wedbush


Worried about commuting in winter weather? Nissan has the answer

The Nissan Altima midsize sedan is now available with all-wheel drive. To advertise that fact, Nissan's Canadian division slapped some tank-like tracks on an Altima to create a one-off show car. The post Worried about commuting in winter weather? Nissan has the answer appeared first on Digital Trends.
Tags: News, Cars, Trends, Nissan, Nissan Altima, Sedans, All-wheel Drive


Nissan says Ghosn received $9m in improper payments

A Nissan-Mitsubishi investigation found Carlos Ghosn received funds from a joint venture between the firms.
Tags: Business, Nissan, Ghosn, Carlos Ghosn, Nissan Mitsubishi


Nissan says former boss received $9m in 'improper payments'

A joint Nissan-Mitsubishi investigation found Carlos Ghosn received nearly $9m in "improper payments."
Tags: Business, Nissan, Carlos Ghosn, Nissan Mitsubishi


Mitsubishi board considers new allegations against Ghosn

TOKYO (AP) — Mitsubishi Motors held a board meeting Friday to examine the latest allegations of unreported compensation against Carlos Ghosn, who led Nissan for two decades and forged the alliance between the Japanese automakers. The allegations center around a 7.8 million euro ($8.8 million) payment made to Ghosn last year by a 50-50 venture […]
Tags: Business, News, Ap, Nation, Tokyo, Nissan, Mitsubishi, Ghosn, Carlos Ghosn, Mitsubishi Motors


CORRECTED - Nissan to lay off 700 contract workers in Mississippi

Nissan Motor Co Ltd's U.S. arm said on Thursday it plans to lay off up to 700 contract workers at its Mississippi assembly plant, citing slowing sales of its vans and Titan pickup trucks.
Tags: Money, Mississippi, businessNews, Nissan, Nissan Motor Co Ltd


Nissan to cut up to 700 contract workers in Mississippi

JACKSON, Miss. (AP) — Nissan Motor Co. says it's cutting up to 700 contract workers at its Mississippi assembly plant, citing slow sales for Frontier pickup trucks and vans.The company employs 6,400 employees and contractors in... [Author: [email protected]]
Tags: Business, Mississippi, Ap, Jackson, Nissan, Nissan Motor Co


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

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.
Tags: Japan, Money, businessNews, Nissan, Renault, Carlos Ghosn, Hiroto Saikawa


Tokyo court denies appeal by Nissan ex-chair Ghosn for bail

TOKYO (AP) — A Tokyo court rejected Thursday another appeal by lawyers of Nissan's former chairman Carlos Ghosn to have him released on bail.The lawyers had appealed a rejection by the Tokyo District Court two days earlier of their... [Author: [email protected]]
Tags: Business, Ap, Tokyo, Nissan, Ghosn, Carlos Ghosn, Tokyo District Court


Nissan ex-chair Ghosn's lawyer appeals court bail rejection

TOKYO (AP) — Nissan's former chairman Carlos Ghosn's lawyers have appealed the rejection by a Tokyo court earlier this week of their request for his release on bail.Thursday's appeal comes two days after the Tokyo District Court... [Author: [email protected]]
Tags: Business, Ap, Tokyo, Nissan, Ghosn, Carlos Ghosn, Tokyo District Court


Nissan plans to file for damages against Ghosn - source

Nissan Motor Co Ltd plans to file a civil suit against ousted chairman Carlos Ghosn to claim damages resulting from the alleged misuse of company funds, a person with knowledge of the issue said, adding to the high-profile executive's legal headaches.
Tags: Money, businessNews, Nissan, Ghosn, Carlos Ghosn, Nissan Motor Co Ltd


Ford and VW just announced a global alliance — the first collaborations will be commercial vans and pickup trucks (F)

Ford and VW provided details on a new alliance. Initially, the Ford and VW alliance will develop commercial vans and pickup trucks. Future collaborations could entail electric and autonomous vehicles. DETROIT — On Tuesday, Ford and Volkswagen revealed details of a global alliance.  In a joint statement, the automakers said that "Volkswagen CEO Herbert Diess and Ford CEO Jim Hackett confirmed that the companies intend to develop commercial vans and medium-sized pickups for global markets begin...
Tags: Facebook, Europe, Japan, Africa, US, Trends, Tesla, Vw, Ford, Volkswagen, Nissan, Detroit, Carlos Ghosn, Farley, Herbert Diess, Jim Hackett


Japanese court says it's rejected latest bail request for detained Nissan ex-chairman Carlos Ghosn.

TOKYO (AP) — Japanese court says it's rejected latest bail request for detained Nissan ex-chairman Carlos Ghosn. . [Author: [email protected]]
Tags: Business, Ap, Tokyo, Nissan, Carlos Ghosn


Tokyo court denies bail to Nissan's ex-chair Carlos Ghosn

TOKYO (AP) — The Tokyo District Court says it has turned down a request by Nissan's former chairman Carlos Ghosn's for release on bail, prolonging his detention.Ghosn, 64, was arrested on Nov. 19 and has been charged with falsifying... [Author: [email protected]]
Tags: Business, Ap, Tokyo, Nissan, Ghosn, Carlos Ghosn, Tokyo District Court


Infiniti just unveiled a striking electric SUV concept with Rolls-Royce-inspired coach doors and a marble interior trim

Infiniti unveiled its all-new QX Inspiration concept SUV at the 2019 Detroit auto show on Monday. According to Nissan's Hong Kong-based luxury offshoot, the stylish concept is designed to give the public a sneak peek at the future of its electric SUV styling. The QX Inspiration's most distinctive features include its coach doors and marble center console.  Infiniti unveiled its all-new QX Inspiration concept SUV at the 2019 Detroit auto show on Monday. The stylish all-electric concept is desi...
Tags: Facebook, Hong Kong, US, America, Trends, Tesla, Ford, Gm, Nissan, Detroit, Mustang, Cadillac, Milo, Meunier, Porsche BMW, Christian Meunier


Volkswagen has a new Passat that's set to challenge the Honda Accord and Toyota Camry

Volkswagen unveiled the all-new 2020 Passat sedan on Monday at the 2019 Detroit auto show. The redesigned VW Passat will continue to compete in a shrinking, but highly competitive mid-size sedan market currently dominated by the Toyota Camry, Honda Accord, and Nissan Altima. It's powered by a mildly-updated version of the 2.0-liter, turbocharged, four-cylinder engine found in the current model. Horsepower remains at 174, but torque output from 184 pound-feet to 207 pound-feet.  The 2020 Volksw...
Tags: Facebook, US, America, Trends, Vw, Tennessee, Toyota, Volkswagen, Nissan, Detroit, Mercedes, Scott Keogh, Porsche BMW, Volkswagen Passat, VW Passat, Volkswagen North America


Nissan IMs concept teases a future long-range, autonomous electric car

Debuting at the 2019 Detroit Auto Show, the Nissan IMs is an electric car with a 380-mile range, autonomous-driving capability, and a backseat designed for being chauffeured. Too bad it's just a concept car. The post Nissan IMs concept teases a future long-range, autonomous electric car appeared first on Digital Trends.
Tags: News, Cars, Trends, Self-driving Cars, Concept Cars, Nissan, Electric Cars, Detroit Auto Show, 2019 Detroit Auto Show


Wife of ex-Nissan boss urges action on 'harsh' detention

The lengthy detention of executive Carlos Ghosn has drawn some criticism of Japan's justice system.
Tags: Business, Japan, Nissan, Carlos Ghosn


Former Nissan chief Carlos Ghosn suffering 'draconian' treatment in jail, wife says

Carole Ghosn says he’s being interrogated for hours each day to extract a confession The wife of the former Nissan chairman Carlos Ghosn has urged human rights campaigners to highlight Japanese prosecutors’ “draconian” treatment of her husband during his prolonged detention on charges of financial misconduct.In a nine-page letter to the Japan office of Human Rights Watch, Carole Ghosn alleged that prosecutors have subjected her husband to hours of daily interrogation in order to extract a confes...
Tags: Business, Japan, World news, Asia Pacific, Automotive Industry, Nissan, Carlos Ghosn, Carole Ghosn


Wife says ex-Nissan boss Ghosn suffers 'harsh' treatment in jail

The wife of ousted Nissan Motor Co Ltd chairman Carlos Ghosn has urged New York-based Human Rights Watch to draw attention to his "harsh treatment" during detention in a Japanese jail, a letter seen by Reuters showed on Sunday.
Tags: New York, Money, businessNews, Nissan, Human Rights Watch, Reuters, Ghosn, Carlos Ghosn, Nissan Motor Co Ltd


Ghosn's wife slams Japan detention as 'draconian' in letter

TOKYO (AP) — The wife of Nissan's former chairman Carlos Ghosn has written a letter to Human Rights Watch, an advocacy group, criticizing Japan's criminal justice system.Carole Ghosn wrote in a nine-page letter Monday her husband's... [Author: [email protected]]
Tags: Business, Japan, Ap, Tokyo, Nissan, Ghosn, Carlos Ghosn, Carole Ghosn


Tesla is engaging in a risky expansion as the rest of the auto industry is playing defense (TSLA, GM, F, FCAU)

The global auto industry is ruthlessly evaluating weak markets and killing off unpopular products while Tesla is expanding in China. Tesla doesn't have much of a choice — if it doesn't take the risk now, it won't be able to dive in amid a global auto sales downturn. The contrast highlight the biggest difference between Tesla's immature business and car companies that are over a hundred years old. The contrast was telling: The same week that Tesla CEO Elon Musk attended a groundbreaking ceremo...
Tags: Facebook, South Korea, Europe, Japan, Elon Musk, Australia, China, Russia, US, Trends, General Motors, Tesla, Ford, Shanghai, Gm, Chrysler


Nissan top executive Munoz resigns amid broadened Ghosn probe

One of Nissan Motor Co's top executives has resigned, further rattling the Japanese automaker's management team as it broadens an investigation into ousted Chairman Carlos Ghosn's alleged financial misconduct.
Tags: Money, businessNews, Nissan, Ghosn, Carlos Ghosn, Munoz, Nissan Motor Co


Nissan executive Munoz resigns after Ghosn's arrest

TOKYO (AP) — Nissan Chief Performance Officer Jose Munoz, who took a leave of absence a week ago, has resigned, the first high-profile departure at the Japanese automaker publicly acknowledged as related to the arrest of former Chairman... [Author: [email protected]]
Tags: Business, Ap, Tokyo, Nissan, Ghosn, Munoz, Jose Munoz


Nissan executive Jose Munoz resigns amid broadened Ghosn probe

Nissan Motor Co Ltd's Chief Performance Officer Jose Munoz has resigned, a company spokesman said on Friday in an emailed statement to Reuters.
Tags: Money, businessNews, Nissan, Ghosn, Nissan Motor Co Ltd, Jose Munoz


Nissan expands Ghosn probe to more countries, executive Munoz under scrutiny: sources

Nissan Motor Co Ltd has broadened its investigation into ousted chairman Carlos Ghosn to include dealings that took place in the United States, India and Latin America, three people with knowledge of the inquiry said.
Tags: Money, businessNews, Nissan, Latin America, Ghosn, Carlos Ghosn, Nissan Motor Co Ltd, Munoz, United States India



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