Tag Archives: nissan

Ghosn Fallout – Nissan Changes American Senior Management

Japanese prosecutors have accused him of hiding his compensation and shifting personal investment losses to Nissan’s books. Ghosn denying the charges claims Nissan executives who opposed closer ties to Renault went to Japanese authorities with false charges. Adding to the intrigue, Ghosn remains on the Board of Directors at al three companies. Continue reading

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IndustriALL Endorses Global Agreements to Fight and Shape Policy on the Growing Number of Auto Plant Closures

So whither auto plants with their well-paid, highly skilled and heavily unionized work? Plant closures and retrenchments in several countries is worrying for unions. Continue reading

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Nissan Mired in Japanese Corporate Governance Scandals

The latest development also casts doubt about the origination and integrity of a Nissan internal investigation into former Chairman Carlos Ghosn who is due to be released today after a month in Japanese jail for allegedly under reporting deferred income. Ghosn says he will vigorously defend his actions. Continue reading

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No Deal Brexit to Cost UK Auto Sector £9 Billion Per Year

It’s not only angry Trump voters who are self-destructive, the UK under the Brexit fiasco is about to lose £9 Billion a year due to a conservative Republican-like temper tantrum that will materially hurt middle class workers, as well as society as a whole. Continue reading

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Nissan Board Deletes Carlos Ghosn as Chairman and Director

The board of directors for Nissan Motor Co. met today at the company’s global headquarters in Yokohama, Japan. The board endorsed the long-standing and profitable Alliance partnership with Renault saying, “it remains unchanged” and that “the mission is to minimize the potential impact and confusion on the day-to-day cooperation among the Alliance partners.” Continue reading

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Carlos Ghosn Given Temporary Reprieve by Renault Board

It was the latest twist on an ongoing saga that involves alleged tax evasion by Ghosn. It also raised, yet again, the embarrassing issue that foreign executives demand and receive far greater compensation than their Japanese equivalents. Continue reading

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Nissan Chairman Carlos Ghosn Arrested and About to be Sacked by Board for Financial Misconduct. Renault-Nissan-Mitsubishi Alliance Position Threatened.

Ghosn as chief executive of the Renault-Nissan-Mitsubishi Alliance is now under fire. Ghosn retired from the highest job at Nissan last year, but remained heading the world’s largest automotive alliance, saying he planned on staying until 2020. Ghosn was paid ¥227 million in cash and stock options by Mitsubishi Motors in 2017. Continue reading

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Nissan Dealerships Backing Toys for Tots with Star Wars

Participating Nissan dealerships will collect unwrapped toys for distribution by Toys for Tots in time for the holidays. Continue reading

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Nissan 2015 Titan Pickup Gets Cummins Turbo Diesel

Year-to-date Titan has sold 10,000 trucks, a 21% decline from 2011. Market leader Ford sold 60,000 F-Series pickups in the month of July alone. Later this fall, Ram will up the ante in the ongoing pickup truck fuel economy game by offering the first light-duty diesel engine pared with an 8-speed automatic transmission, both exclusives in the segment. Continue reading

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Renault-Nissan Cut 2012 Costs by €2.69 billion

Only new savings – not cumulative ones – are taken into account every year. As a result, the Alliance that was established in 1999 when Nissan was facing bankruptcy, arguably now has the longest-lasting cross-cultural partnership in the auto industry. Paris-based Renault and Yokohama, Japan-based Nissan, which together sell one in 10 cars worldwide sold 8.1 million cars in nearly 200 countries in 2012. Continue reading

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Nismo and Williams to Develop High Performance Cars

While Nismo is known to motorsports and performance car enthusiasts in Japan and to millions of gamers, the brand is virtually unknown and certainly unrecognized in global enthusiast circles. A GT-R Nismo will be the third Nismo-badged model following the launch of the Juke Nismo and 370Z Nismo this year. Continue reading

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Nissan to Return to Le Mans in 2014 as Garage 56 Entry

In 2012, a number 0 Nissan Delta Wing ran at the world’s most famous endurance race from the same unclassified Garage 56 spot. The real Japanese racers that were closely watched at Le Mans last year were a pair of Toyota hybrids, which ran in the fastest LMP1 class but lost to Audi. Continue reading

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Mississippi Leaders blast Nissan for Its Anti-Union Efforts

On the opening morning of the press previews at the North American International Auto Show, a pressure group called the Mississippi Alliance for Fairness at Nissan – MAFFAN – spoke out in Detroit against what it says is unfair labor practices at Nissan’s non-unionized plant in Canton. Continue reading

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Magna International Loses Bid for New Infiniti Compact Car

Magna International said today that Nissan Motor will make a new premium compact Infiniti car itself rather than use a Magna Steyr plant in Graz, Austria in 2014. The Infiniti deal, first announced last May, would have represented the first Japanese car ever assembled by the giant Canadian-based auto components company whose largest operations are in Europe. Continue reading

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Toyota, Honda Post Huge September Sales Gains as Nissan Stalls

Worrisome for competitors were increases in market share of 2.6% at Toyota, and 1.2% at Honda year-over-year, according to AutoData. Each percentage point in share is worth roughly $1 billion dollars in profits, according to an old industry rule of thumb. Left as road kill was Nissan whose share dropped more than 1% with sales of 92% units. Continue reading

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