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    William Maley

    Carlos Ghosn To Step Down As Nissan CEO

      But that doesn't me he is fully going away from the company he saved


    Carlos Ghosn announced yesterday that he would be stepping down as CEO for Nissan on April 1st. In a statement, Ghosn explained that he wants to focus on the expansion and stewardship of the alliance between Nissan, Renault, and Mitsubishi. That doesn't mean Ghosn is fully stepping away from Nissan. He will still serve as the chairman of the board for the brand.

    "As Nissan's Chairman, I will continue to supervise and guide the company, both independently and within the Renault-Nissan-Mitsubishi Alliance. This planned change will also allow me to devote more time and energy to managing the strategic and operational evolution and expansion of the Alliance and ensuring that all its members benefit from the competitive advantages that its scale will deliver. I am committed to supporting the Alliance as it evolves and expands, and will continue to serve each member of the Alliance wherever and whenever necessary," said Ghosn.

    Ghosn's replacement is Hiroto Saikawa, currently the co-CEO of Nissan. Saikawa joined the company back in 1997 and has held a number of roles including the company's Chief Competitive Officer.

    "I would like to thank Mr. Ghosn and the Nissan board for entrusting me with this new responsibility. Under Mr. Ghosn's chairmanship and with the support of the excellent leadership team that has been built at Nissan, my focus will be delivering our company's continued performance and development and on continuing Nissan's contribution to the success of the Alliance," said Saikawa.

    Source: Nissan
    Press Release is on Page 2


    Hiroto Saikawa appointed as Nissan Chief Executive Officer

    • Carlos Ghosn to continue to serve as Chairman of Nissan’s Board of Directors

    YOKOHAMA, Japan – At the recommendation of Chairman of the Board and Chief Executive Officer Carlos Ghosn, the Nissan Board of Directors has decided that as of April 1, 2017, Hiroto Saikawa will assume the position of Chief Executive Officer. Mr. Ghosn will continue to serve as Chairman of the Board of Directors, and he will seek a renewal of his mandate at the company's general shareholders meeting in June 2017.

    This planned management evolution follows Mr. Ghosn's leadership of the recent expansion of the Renault-Nissan Alliance to include Mitsubishi Motors, which positions the Alliance among the top automotive groups in terms of scale.

    As Chairman of all three Alliance companies, and as Chief Executive Officer of the Renault Group, Mr. Ghosn wishes to focus more of his attention on the expansion and stewardship of the Alliance, as its Chairman and CEO. In this role, he will ensure that the opportunities available to Alliance members are fully harnessed.

    Mr. Ghosn stated, "I am confident that the management team I have developed at Nissan over the past 18 years has the talent and experience to meet the company's operational and strategic goals. Having recently taken on new responsibilities at Mitsubishi Motors, and taking into consideration the upcoming Nissan general shareholders meeting, I have decided that the time is right for Hiroto Saikawa to succeed me as Nissan's CEO."

    He continued, "As Nissan's Chairman, I will continue to supervise and guide the company, both independently and within the Renault-Nissan-Mitsubishi Alliance. This planned change will also allow me to devote more time and energy to managing the strategic and operational evolution and expansion of the Alliance and ensuring that all its members benefit from the competitive advantages that its scale will deliver. I am committed to supporting the Alliance as it evolves and expands, and will continue to serve each member of the Alliance wherever and whenever necessary."

    Mr. Saikawa currently serves as Nissan's co-CEO and a representative director. Between April 2013 and October 2016, he was Nissan's Chief Competitive Officer. Mr. Saikawa joined Nissan in 1977, and since 1999 he has served in a variety of senior management positions, including Chairman of the Management Committees of the Americas and Europe, as well as the Executive Vice President of Purchasing. In addition to his responsibilities at Nissan, Mr. Saikawa is the current Chairman of the Japan Automobile Manufacturers Association (JAMA). He previously served as a member of the board of directors of Renault between 2006 and 2016.

    Mr. Saikawa stated, "I would like to thank Mr. Ghosn and the Nissan board for entrusting me with this new responsibility. Under Mr. Ghosn's chairmanship and with the support of the excellent leadership team that has been built at Nissan, my focus will be delivering our company's continued performance and development and on continuing Nissan's contribution to the success of the Alliance."

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    U'mmmmmmmmmmmm So in reality nothing is really changing. Just a puppet to do what he says as Chairman. I agree with Riviera74, why not just merge the 3 brands into one company and maximize savings and profits. Reduce waste through a better single focus brand globally.

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    34 minutes ago, hyperv6 said:

    I never saw the value of this man as some have. 

    I was never a fan.

    Agree, I put him 1 step better than Sergio, but otherwise just another political player with no real auto passion. All about putting maximum money in his pocket.

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    Nissan would have been bankrupt and possibly out of business if not for him though.  In the 90s their fate was looking really bleak.  He might eventually merge these companies into one, especially if PSA buys Opel and gets a stronger hold in Europe, he might want to consolidate his own operation.  Nissan already owns 34% of Mitsubishi, in time maybe they will buy the rest out.

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    1 hour ago, smk4565 said:

    Nissan would have been bankrupt and possibly out of business if not for him though.  In the 90s their fate was looking really bleak.  He might eventually merge these companies into one, especially if PSA buys Opel and gets a stronger hold in Europe, he might want to consolidate his own operation.  Nissan already owns 34% of Mitsubishi, in time maybe they will buy the rest out.

    And they are doing so well now. Nissan is not more than an afterthought. Mitsubishi should have been shut down a while ago and when was the last time you could say damn I could have had a Renault.

    He may have saved them but has he done other than that?

    Edited by hyperv6
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    35 minutes ago, hyperv6 said:

    And they are doing so well now. Nissan is not more than an afterthought. Mitsubishi should have been shut down a while ago and when was the last time you could say damn I could have had a Renault.

    He may have saved them but has he done other than that?

    Nissan and Renault are making multi-billion a year profits now, compared to out of business that is a pretty big turn around in 15 years.  Especially when most auto makers needed a bailout in 2009.  I am not saying Nissan-Renault is the gold standard, but they would be with Saturn, Oldsmobile, Saab and Plymouth without Ghosn.

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    Interesting, how you turn a 3 billion profit to a 1 billion profit due to clearly book numbers playing. As Drew has said about Opel and GM, clearly there is a shell game afoot with these companies.

    http://media.renault.com/global/en-gb/renaultgroup/Media/PressRelease.aspx?mediaid=87144

    http://amigobulls.com/stocks/NSANY/income-statement/annual

    Nissan was stronger the Renault but they did drop in 2016 from 2015. 

    Interesting shell game of the numbers.

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    52 minutes ago, smk4565 said:

    Nissan and Renault are making multi-billion a year profits now, compared to out of business that is a pretty big turn around in 15 years.  Especially when most auto makers needed a bailout in 2009.  I am not saying Nissan-Renault is the gold standard, but they would be with Saturn, Oldsmobile, Saab and Plymouth without Ghosn.

    Yet they remain on unstable ground with far too little volume for the future. 

    Who ever joined Mitsubishi was a sign of desperation.

    Nissan-Renault just may belong to the dead name crowd. 

    Again what have they done lately that really mattered?

    Just showing a profit is only part of the equation here. High cost of labor and overhead, lack of future investment in new technology. over capacity of plants, and the lack of a strong partner to help with future rising production and development cost. 

    At a time GM partners with Honda and Ford on cost savings measures and BMW with Toyota we have Nissan buying Mitsubishi.. Even the WRX is not what it once was. 

    You can put up a front but the overall fincaial picture is not all that great if you take in to consideration all the issues ahead..

    Everyone is going to either need a dance partner or a ton of volume to control future cost in labor, development and technology. It is going to be a majorly different auto market ahead and only a few will survive it well. 

    Even Benz will feel the burn if they do not increase volumes. That is not easy to do if you do not have many low cost models and then once you have them it cheapens the image. They too will need a dance partner on systems development and cost savings. 

    Only VW can go it alone as they have so many brands. But even then with the cost of the Diesel deal it has put a crunch in their cash flow for now. VW means Volume Motors and they are trying to go it alone. GM. Ford, Honda, Toyota, BMW and a couple others are trying some volume but selected partnerships even with cross town rivals. 

    FCA, Suzuki, Isuzu, Nissan/Renault/Mitisubishi, Mazda and a couple others need to find a partner or they will be at risk in the future. The wild card is getting bought by China like Lotus is on the verge of now. 

    We have yet to see the last brand die, 



     

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    It may require a serious auto recession to really clear out dead names and shutter factories in a way that the last recession did not, at least outside the USA.  Ghosn did save Nissan from becoming Plymouth, but who will save Nissan/Renault/Mitsubishi from going the way of Studebaker in 1963?  I doubt we will have half of these car brands around in the next 8-10 years.  The only question is who will be RIP.

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    Even in good market with two healthy companies like Ford and GM they are working together on transmissions. 

    This is really telling of the high cost of development today and how much damage or limitation can be placed on an automaker.

    With the even higher cost of technology will drive it even higher while making It more difficult in keeping vehicles affordable. 

    This is why companies are hedging their bets on ride sharing. 

    It is ether find a partner, merge or die for about all but VW.

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    I do think there will be more mergers or some brands going away as time goes on.  Most industries have consolidation, especially once such as auto manufacturing.

    However, Nissan made $3.7 billion in profit first 3 quarters last year, which puts them on pace for about $5 billion for the year, and Renault made $3.74 billion in profit for all of 2016.  So together they are pulling in near $9 billion a year in profit.  GM in 2016 posted a $9.43 billion profit for the year.  Ghosn's alliance is doing well, although I think they'd be better off fully merged and dumping Mitsubishi car line and using them only has commercial trucks and the Electric business.  Mitsubishi lost money last year.

    Daimler did $9.28 billion in profit last year, so they don't really need a partner to survive, even more so since they just said they are going to sacrifice profit to spend more on R&D.  Ford with all their volume only did $7.4 billion.

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    7 hours ago, smk4565 said:

    I do think there will be more mergers or some brands going away as time goes on.  Most industries have consolidation, especially once such as auto manufacturing.

    However, Nissan made $3.7 billion in profit first 3 quarters last year, which puts them on pace for about $5 billion for the year, and Renault made $3.74 billion in profit for all of 2016.  So together they are pulling in near $9 billion a year in profit.  GM in 2016 posted a $9.43 billion profit for the year.  Ghosn's alliance is doing well, although I think they'd be better off fully merged and dumping Mitsubishi car line and using them only has commercial trucks and the Electric business.  Mitsubishi lost money last year.

    Daimler did $9.28 billion in profit last year, so they don't really need a partner to survive, even more so since they just said they are going to sacrifice profit to spend more on R&D.  Ford with all their volume only did $7.4 billion.

    You tend to just think profits alone are the key..... sorry that is any part of it.

    The other issues are controlling cost and that takes volume and sharing cost if you lack volume.

    to do development moving forward you need to reduce the cost of it either by selling a ton of new cars over many brands like VW. Or you can do limited partnerships on components or systems. Or you can merge with other makes but too often the other brands are damaged.

    Benz could sell components and systems but the odds are they will partner in a limited degree with someone to provide volume to reduce future cost.

    Smk you need to look ahead here not just what you did this year.

    The cost of new technologies is going to continue to increase but they are limited on how much more they can charge for a car.

    Just look at what EV cars cost and how important it is to drive down cost. This is why a car like the Bolt is a very important stepping stone to get cost down.

    i was in a Bolt today and I was shocked how nice and roomy it was. Now if they can only find a way to make it nicer looking on the out side.

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    Speaking of Volume, found this news article from this month.  Seems that Ghosn could overtake GM this year, especially when Opel drops off GM.  Nissan was going to be bankrupt before him.  If he merges these 3 into one big company he might steer this ship to #1 in the world with VW in decline.

    "Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. combined delivered 9.96 million vehicles last year, the alliance said in an emailed statement. The three automakers chaired by Ghosn finished fewer than 4,000 cars and trucks short of GM’s deliveries in 2016 and within about 350,000 units of new worldwide leader Volkswagen AG."

    Here is the link.

    http://www.autonews.com/article/20170208/OEM01/170209830/renault-nissan-nears-gm-global-sales-after-mitsubishi-rescue

    1 hour ago, hyperv6 said:

    Smk you need to look ahead here not just what you did this year.

    The cost of new technologies is going to continue to increase but they are limited on how much more they can charge for a car.

    Just look at what EV cars cost and how important it is to drive down cost. This is why a car like the Bolt is a very important stepping stone to get cost down.

    i was in a Bolt today and I was shocked how nice and roomy it was. Now if they can only find a way to make it nicer looking on the out side.

    Is Chevy going to have 10 EV's by 2025?  Mercedes plans to.  And we know Tesla will never have 10 models.  Takes them 4 years to come up with 1.  You do have to look long term, that is why when you look at the big R&D spenders you have a good idea of who will have the leading products of the future.

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    The formula is different for every company so tossing numbers out means little. Even then the real numbers to tell the tail are not out for us in the public sector so stop trying to make a point that you can not prove.

    As for EV cars Benz and Tessa could make 100 EV cars but till someone can make one that  can be sold in the $20k-$30k range that most buyers can afford with out goverment kick backs and give it range and shorter charging times to where it does not alter you life style it means nothing. 

    Anyone could make and sell a limited numbers of $100k EV cars for the wealthy to play with but to this point only a GM has even come close to offering one and even the profits may not be seen yet.

    You either chose to ignore the complexity of things are just do not grasp the big picture.

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    EVs aren't even a niche segment yet tho. Percentages don't drive profits.

    2016 U.S. EV sales soared like 37% IIRC (half are sold in CA due to that's state mandate), but that 37% growth only equated to 

    POINT ZERO NINE PERCENT of all U.S. vehicle sales. (160,000 units out of 17,550,000 total).

    Want to bring on 10 EV models?? Sure, go ahead, but no one is buying.

     

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    I do not question the eventual commonality of EVs, merely the purported timeline of such.
    That is all I have ever stated WRT EVs. Some here think they will be 50% of the market in 10 or 15 years.

    There are brands which are still scrambling to serve up CUVs and the penetration there is 100s of times that of EVs. OEMs cannot ignore the business cases for product planning.

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    33 minutes ago, balthazar said:

    I do not question the eventual commonality of EVs, merely the purported timeline of such.
    That is all I have ever stated WRT EVs. Some here think they will be 50% of the market in 10 or 15 years.

    There are brands which are still scrambling to serve up CUVs and the penetration there is 100s of times that of EVs. OEMs cannot ignore the business cases for product planning.

    The thing is you can not put a time line on development and discovery.

    We still lack a real battery to make the transition. The key is to charge in the time you can fill a tank of gas and we are not there. Also the range could still use more work too.

    We could be one week from a major discovery or we could be 10 years but the key it to invest in this so there is a discovery and improvement in the product as with no investment and no building of the market it will never exist.

    I do not see Electric replacing ICE entirely unless some wacko Euro government would make it a law. There are just some applications that it will never replace soon.

    But to ignore the market would be a total failure of a company at some point as they all will need an alternative just do to pending regulations.

    Right now the key is to get the price down and provide a product that will make a profit even when sold to the common buyer. We get closer with each gen but we are not there yet.

    Also key is the acceptance by the average customer. They generally do not want a vehicle they have to altered their life style over and that is what we have now. Recharge times and range are key and we have made progress but not everyone wants to take an Hour a Half piss break to make it home on a trip. Then you have the charging issue. Not everyone has a place they can put in a charger or recharge at home. Then the cost of the charging station on top of that.

    I built my new garage with 220 outlets and the box near the normal parking spots. I did it mostly for a welder but also if I ever have to have a charger I have a spot for it. Not that I am in a hurry to get a EV car. I really am looking for the ZR2 in the next six months.

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    Mercedes thinks 20% of their global sales will be EV in 2025.   So they will be ready in case it happens.  Just like they were ready for the crossover boom since they have been building them since the 90s. 

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    Honestly, I expect the BOLT to be the game changer once it is in all states. I expect it to sell out all year long as people want to not bother with fuel and the maintenance of an ICE auto. This will drive people and just as people are used to plugging their phone in at night when they go to bed, plugging in their auto for the night to charge will be no big deal. 

    Washington state you are now seeing gas stations add a section for rapid charging level 3. Yes it is still a 15-20 min charge time to get 80% of capacity, but for many that is more than enough to finish their trip to point B.

    I agree with Hyper that once we get true Rapid Charging in place to reduce this to minutes like fueling an ICE auto, that EV's will take off.

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      "The United States is home to one of the most devoted and enthusiastic Z communities in the world, with nearly 1.35 million total sales over the model's 50-year history," said Mike Colleran, senior vice president, Nissan U.S. Marketing and Sales. "With new models like Sentra and Rogue opening new eyes to our brand, Z Proto is our loudest statement yet that Nissan will continue to bring vehicles that thrill to U.S. showrooms."
      Z Proto exterior: past meets future
      Sporting a bright yellow pearlescent paint – a tribute to a popular paint scheme on both the first-generation 240Z and the 300ZX – the Z Proto boasts a fresh, attractive exterior design with a silhouette that communicates respect to the original model.
      Using a theme that combines elements of previous generations while also projecting futurism was challenging, said Alfonso Albaisa, head of design at Nissan.
      "Our designers made countless studies and sketches as we researched each generation and what made them a success," Albaisa said. "Ultimately, we decided the Z Proto should travel between the decades, including the future."
      The shape of the hood and the canted, teardrop-shaped LED headlights are both unmistakable reminders of the original Z. The rectangular grille dimensions are similar to the current model, although the grille fins nod to the past. The form continues to exude both sportiness and elegance.
      "The LED headlights have two half-circles that hark back to the Japan market-only 240ZG of the 70s," Albaisa explained. "The ZG has clear dome lenses over the headlight buckets, which under light give off two circular reflections over each headlight. We liked that unique characteristic and discovered that it naturally fit with the Z's identity."
      The link to the original Z is most striking when viewing the Z Proto from the side. The roofline flows from the nose to the squared-off rear to create a distinctive first-generation Z profile whose rear edge was slightly lower than the front fender height giving the Z its unique posture. The signature transition from the rear quarter glass to the low-slung position of the rear tail adds to the effect.
      The rear takes inspiration from the 300ZX taillights, reinterpreted for the modern world. Set within a rectangular black section that runs across the rear and wraps around the outer edges, the LED taillights convey a sharp glow.
      Lightweight carbon fiber treatments on the side skirts, front lower lip and rear valance ensure nimble performance. 19-inch alloy wheels and dual exhausts complete the Z Proto's striking road presence.
      Z Proto interior: modern tech with a vintage touch
      Designed to fit driver and passenger like a glove, the Z Proto's cabin seamlessly blends modern technology with vintage Z touches.
      The interior design team sought advice from professional motorsports legends to give the Z Proto an ideal sports car cabin, both for road and track. This can be seen in the Z's instrumentation. All vital information is found in the 12.3-inch digital meter display and arranged to help the driver grasp it at a glance, such as the redline shift point at the twelve o-clock position.
      The new, deep dish steering wheel offers the driver quick access controls without losing its vintage aesthetic.
      Yellow accents are found throughout the cabin, including stitching on the instrument panel. The seats feature special accent piping and layered seat material to create depth.
      Sports car joy: an exhilarating, dynamic performer
      The original Z was built to bring the joy and excitement of sports car ownership to as many people as possible.
      "The Z has always been a strong dynamic performer, making it easy for customers to enjoy its capabilities and feel as connected as possible to the car," said Hiroshi Tamura, chief product specialist of the Z Proto. "This has been true through all its generations, and this is what drives our passion to innovate and challenge the norm."
      Each new generation had a more powerful engine, although the Z is about more than power increases.
      "Z is more than just powerful and agile," Tamura continued. "It is designed to create a connection with the driver, for the car to be a 'dance partner' for their on-road adventures."
      Make no mistake though, the Z Proto packs a powerful punch. Under the elongated hood is an enhanced V6 twin-turbocharged engine mated to a six-speed manual gearbox. As a prototype, work is now underway to synchronize the power with the grace and control that has defined the Z for the past 50 years.
      "Nissan is transforming its business," said Uchida. "This summer, we unveiled the ground breaking all-electric Nissan Ariya crossover, which represents the future of mobility. Even as we open this new chapter, the Z, its heritage and passion, express who we are and has been shaping our DNA for over fifty years."
      Nissan Z Proto Specifications
      Z Proto specifications*
      Engine
      V6 twin turbo
      Transmission
      6-speed manual
      (an automatic option is also in development)
      Length
      172.5 inches
      Width
      72.8 inches
      Height
      51.6 inches
      Wheel and tire size
      Front: 255/40R19
      Rear: 285/35R19
    • By William Maley
      Jim Hackett's tenure as Ford CEO will be coming to a close on October 1st as he will retire from the position. His replacement is Jim Farley, currently Ford's Chief Operating Officer, a role he took on at the beginning of this year. In a press release, Ford said the two will be working together over the next two months on the transition. Hackett will stay on as "special advisor" for some time after.
      “I am very grateful to Jim Hackett for all he has done to modernize Ford and prepare us to compete and win in the future. Our new product vision – led by the Mustang Mach-E, new F-150 and Bronco family – is taking shape. We now have compelling plans for electric and autonomous vehicles, as well as full vehicle connectivity. And we are becoming much more nimble, which was apparent when we quickly mobilized to make life-saving equipment at the outset of the pandemic,” said Ford executive chairman, Bill Ford.
      Hackett became Ford's CEO in 2017 after the ousting of then CEO Mark Fields. His short tenure brought forth some major and controversial decisions such as Ford killing off most of their passenger car nameplates to focus on trucks and utility vehicles; spending $11 billion in electric vehicles by 2022, and the introductions of the Mach-E, 2021 F-150, and Bronco. He has also dealt with a lot frustration from various groups as The Detroit News outlines,
      Hackett admitted that his tenure did cause a fair amount of friction, but said his efforts are starting to show.
      "I aimed for moving ahead versus just moving fast. Could we aim for a longer-arc kind of reward. In this case, for the three years it takes to get products to market, you're starting to see the fruits of our labor."
      Farley, who has been with Ford since 2007, knows he has a tough road ahead. Aside from realizing the various paths laid out by Hackett, he also has to deal with the issues of the COVID-19 pandemic and hopefully launch two of Ford's key product without any issues.
      Source: Ford
      Press Release is on Page 2


      FORD ANNOUNCES JIM HACKETT TO RETIRE AS PRESIDENT AND CEO; JIM FARLEY TO SUCCEED HACKETT AS COMPANY CONTINUES TRANSFORMATION
      Jim Hackett, who has led Ford Motor Company’s transformation since 2017 as president and CEO, has elected to retire from the company Jim Farley, currently chief operating officer, becomes president and CEO of Ford effective Oct. 1. He was also elected to the Ford board of directors. He will work closely with Jim Hackett on the transition over the next two months Seamless CEO transition underscores strength of Ford’s leadership team, succession planning, and company progress over the past three years, Executive Chairman Bill Ford says DEARBORN, Mich., Aug. 4, 2020 – Ford Motor Company today announced that Jim Hackett, who has led the company’s transformation since 2017, plans to retire from the company. Jim Farley has been named the company’s new president and CEO and will join the board of directors, effective Oct. 1.
      Hackett, 65, and Farley, 58, will work together on a smooth leadership transition over the next two months.
      Under Hackett, Ford moved aggressively into the new era of smart vehicles and drove a deeper focus on customers’ wants and needs. At the same time, Ford improved the fitness of the base business – restructuring operations, invigorating the product portfolio and reducing bureaucracy.
      “I am very grateful to Jim Hackett for all he has done to modernize Ford and prepare us to compete and win in the future,” said Bill Ford, Ford’s executive chairman. “Our new product vision – led by the Mustang Mach-E, new F-150 and Bronco family – is taking shape. We now have compelling plans for electric and autonomous vehicles, as well as full vehicle connectivity. And we are becoming much more nimble, which was apparent when we quickly mobilized to make life-saving equipment at the outset of the pandemic.”
      Farley, an automotive leader with deep global experience and a successful track record, collaborated with Hackett over the past three years to develop and execute Ford’s Creating Tomorrow Together plan to transform Ford into a higher-growth, higher-margin business.
      “Jim Farley matches an innate feel for cars and customers with great instincts for the future and the new technologies that are changing our industry,” Bill Ford said. “Jim’s passion for great vehicles and his intense drive for results are well known, and I have also seen him develop into a transformational leader with the determination and foresight to help Ford thrive into the future.”
      Farley joined Ford in 2007 as global head of Marketing and Sales and went on to lead Lincoln, Ford South America, Ford of Europe and all Ford global markets in successive roles. In April 2019, Farley was chosen to lead Ford’s New Businesses, Technology & Strategy team, helping the company determine how to capitalize on powerful forces reshaping the industry – such as software platforms, connectivity, AI, automation and new forms of propulsion. He was named chief operating officer in February of this year.
      Hackett, who will continue as a special advisor to Ford through March of 2021, said the time is right to pass the mantle of leadership to Jim Farley.
      “My goal when I took on the CEO role was to prepare Ford to win in the future,” Hackett said. “The hardest thing for a proud, long-lived company to do is change to meet the challenges of the world it’s entering rather than the world it has known. I’m very proud of how far we have come in creating a modern Ford and I am very optimistic about the future.
      “I have worked side-by-side with Jim Farley for the past three years and have the greatest confidence in him as a person and a leader,” Hackett said. “He has been instrumental in crafting our new product portfolio and redesigning our businesses around the world. He is also a change agent with a deep understanding of how to lead Ford in this new era defined by smart vehicles in a smart world.”
      Said Farley: “I love Ford and I am honored by the opportunity to serve and create value for Ford’s employees, customers, dealers, communities and all of our stakeholders. Jim Hackett has laid the foundation for a really vibrant future and we have made tremendous progress in the past three years. I am so excited to work together with the whole Ford team to realize the full potential of this great company in a new era.”

      View full article
    • By William Maley
      Jim Hackett's tenure as Ford CEO will be coming to a close on October 1st as he will retire from the position. His replacement is Jim Farley, currently Ford's Chief Operating Officer, a role he took on at the beginning of this year. In a press release, Ford said the two will be working together over the next two months on the transition. Hackett will stay on as "special advisor" for some time after.
      “I am very grateful to Jim Hackett for all he has done to modernize Ford and prepare us to compete and win in the future. Our new product vision – led by the Mustang Mach-E, new F-150 and Bronco family – is taking shape. We now have compelling plans for electric and autonomous vehicles, as well as full vehicle connectivity. And we are becoming much more nimble, which was apparent when we quickly mobilized to make life-saving equipment at the outset of the pandemic,” said Ford executive chairman, Bill Ford.
      Hackett became Ford's CEO in 2017 after the ousting of then CEO Mark Fields. His short tenure brought forth some major and controversial decisions such as Ford killing off most of their passenger car nameplates to focus on trucks and utility vehicles; spending $11 billion in electric vehicles by 2022, and the introductions of the Mach-E, 2021 F-150, and Bronco. He has also dealt with a lot frustration from various groups as The Detroit News outlines,
      Hackett admitted that his tenure did cause a fair amount of friction, but said his efforts are starting to show.
      "I aimed for moving ahead versus just moving fast. Could we aim for a longer-arc kind of reward. In this case, for the three years it takes to get products to market, you're starting to see the fruits of our labor."
      Farley, who has been with Ford since 2007, knows he has a tough road ahead. Aside from realizing the various paths laid out by Hackett, he also has to deal with the issues of the COVID-19 pandemic and hopefully launch two of Ford's key product without any issues.
      Source: Ford
      Press Release is on Page 2


      FORD ANNOUNCES JIM HACKETT TO RETIRE AS PRESIDENT AND CEO; JIM FARLEY TO SUCCEED HACKETT AS COMPANY CONTINUES TRANSFORMATION
      Jim Hackett, who has led Ford Motor Company’s transformation since 2017 as president and CEO, has elected to retire from the company Jim Farley, currently chief operating officer, becomes president and CEO of Ford effective Oct. 1. He was also elected to the Ford board of directors. He will work closely with Jim Hackett on the transition over the next two months Seamless CEO transition underscores strength of Ford’s leadership team, succession planning, and company progress over the past three years, Executive Chairman Bill Ford says DEARBORN, Mich., Aug. 4, 2020 – Ford Motor Company today announced that Jim Hackett, who has led the company’s transformation since 2017, plans to retire from the company. Jim Farley has been named the company’s new president and CEO and will join the board of directors, effective Oct. 1.
      Hackett, 65, and Farley, 58, will work together on a smooth leadership transition over the next two months.
      Under Hackett, Ford moved aggressively into the new era of smart vehicles and drove a deeper focus on customers’ wants and needs. At the same time, Ford improved the fitness of the base business – restructuring operations, invigorating the product portfolio and reducing bureaucracy.
      “I am very grateful to Jim Hackett for all he has done to modernize Ford and prepare us to compete and win in the future,” said Bill Ford, Ford’s executive chairman. “Our new product vision – led by the Mustang Mach-E, new F-150 and Bronco family – is taking shape. We now have compelling plans for electric and autonomous vehicles, as well as full vehicle connectivity. And we are becoming much more nimble, which was apparent when we quickly mobilized to make life-saving equipment at the outset of the pandemic.”
      Farley, an automotive leader with deep global experience and a successful track record, collaborated with Hackett over the past three years to develop and execute Ford’s Creating Tomorrow Together plan to transform Ford into a higher-growth, higher-margin business.
      “Jim Farley matches an innate feel for cars and customers with great instincts for the future and the new technologies that are changing our industry,” Bill Ford said. “Jim’s passion for great vehicles and his intense drive for results are well known, and I have also seen him develop into a transformational leader with the determination and foresight to help Ford thrive into the future.”
      Farley joined Ford in 2007 as global head of Marketing and Sales and went on to lead Lincoln, Ford South America, Ford of Europe and all Ford global markets in successive roles. In April 2019, Farley was chosen to lead Ford’s New Businesses, Technology & Strategy team, helping the company determine how to capitalize on powerful forces reshaping the industry – such as software platforms, connectivity, AI, automation and new forms of propulsion. He was named chief operating officer in February of this year.
      Hackett, who will continue as a special advisor to Ford through March of 2021, said the time is right to pass the mantle of leadership to Jim Farley.
      “My goal when I took on the CEO role was to prepare Ford to win in the future,” Hackett said. “The hardest thing for a proud, long-lived company to do is change to meet the challenges of the world it’s entering rather than the world it has known. I’m very proud of how far we have come in creating a modern Ford and I am very optimistic about the future.
      “I have worked side-by-side with Jim Farley for the past three years and have the greatest confidence in him as a person and a leader,” Hackett said. “He has been instrumental in crafting our new product portfolio and redesigning our businesses around the world. He is also a change agent with a deep understanding of how to lead Ford in this new era defined by smart vehicles in a smart world.”
      Said Farley: “I love Ford and I am honored by the opportunity to serve and create value for Ford’s employees, customers, dealers, communities and all of our stakeholders. Jim Hackett has laid the foundation for a really vibrant future and we have made tremendous progress in the past three years. I am so excited to work together with the whole Ford team to realize the full potential of this great company in a new era.”
    • By William Maley
      The past year is one that Nissan would like to forget. Their former CEO is arrested and then escapes to Lebanon. Shareholders are angry at the new leadership. Sales have been cratering and other issues. But the automaker is trying to get itself out of the hole by launching 10 new models in the next 20 months. The next model has been revealed this week - the 2022 Ariya EV.
      A compact SUV, the Ariya certainly looks futuristic with distinctive sculpting along the side, new "shield"-style front insert, and flowing roofline. Inside, Nissan goes for a minimalist approach with little brightwork and a row of touch-capacitive controls for the climate system that disappear when the vehicle is turned off. Two 12.3-inch screens serve as the instrument cluster and infotainment system.
      There will be two electric powertrains on offer for the Ariya,
      Single electric motor providing 215 horsepower and 221 pound-feet of torque, front-wheel drive Dual electric motors producing a total output of 389 horsepower and 443 pound-feet of torque, e-4ORCE all-wheel-drive Both powertrains will come standard with a 63.0-kWh battery pack, while a larger 87.0-kWh pack is optional. Nissan claims that the single electric motor paired with 87-kWh pack will achieve a max range of 300 miles - and that is based on the EPA cycle. No information was provided on recharge times.
      The Ariya will also come with Nissan's next-generation of ProPilot driver-assistance system called ProPilot 2.0. It will allow for hands-free driving in certain circumstances and can change lanes.
      Japan will be the first market to get the Ariya sometime in mid-2021. The U.S. won't see it until the end of 2021.
      Source: Nissan
      Press Release is on Page 2


      Nissan’s product transformation continues with Ariya, a 100 percent electric crossover for a new era
      The next step of Nissan’s transformation is here with an all-new EV that delivers driving excitement, confidence, comfort and connectivity; set to go on sale in U.S. in 2021 with a $40,000 starting price NASHVILLE, Tenn. – Nissan today introduced the all-new Nissan Ariya, an electric crossover SUV that lets customers travel up to approximately 300 miles per charge (preliminary Nissan estimate for long-range 2WD model) while enjoying greater driving excitement, confidence, comfort, and connectivity.
      Its debut marks a key milestone in the Nissan NEXT transformation initiative, a four-year plan building on Nissan's reputation for innovation, craftsmanship, customer-focus and quality, alongside an ongoing cultural transformation. As the company's first all-electric crossover SUV, the Ariya embodies the company's vision to enrich people's lives.
      Representing the pinnacle of Nissan's technologies and design, the 100% electric Nissan Ariya debuted during a digital event in Yokohama. Ariya promises powerful acceleration and smooth, quiet operation and advanced driver assistance and connectivity technology– wrapped in a sophisticated yet simple exterior design with a spacious, lounge-like interior.
      CEO Makoto Uchida and Chief Operating Officer Ashwani Gupta unveiled the Ariya to a global audience during a livestreamed event at the new Nissan Pavilion in Yokohama, Japan.
      "The Ariya, a key model in Nissan's plan to roll out 10 new models in 20 months, demonstrates our commitment to meeting customer demand for crossovers with the most advanced electrified, automated and connected technologies," Gupta said. "The company expects sales of its EVs and e-POWER electrified models to be more than 1 million units a year by the end of fiscal 2023. The Ariya will play a significant role in attaining that goal."
      Nissan also aims to introduce advanced driver assistance technologies in more than 20 models in 20 markets, and to have sold more than 1.5 million vehicles equipped with these systems in that same period.
      The all-new Nissan Ariya is scheduled to go on sale in Japan in mid-2021, followed by the U.S. and Canada later in the year. U.S. pricing will start around $40,000.
      Powerful performance for a wide range of needs
      Nissan was the first automaker to introduce a mass market electric vehicle with the Nissan LEAF in 2010, which has resulted in nearly 500,000 sales to date. Building on Nissan's strength as an EV pioneer, the Ariya takes the powerful performance and capabilities of zero-emission vehicles to the heart of the electric vehicle market.
      The car's all-electric drivetrain combines excellent power delivery, charging capabilities and range. Customers can choose from multiple configurations to meet their individual needs. These include two-wheel-drive and new "e-4ORCE" all-wheel drive versions, as well as two different battery sizes. The e-4ORCE all-wheel control system balances the powerful performance with a smooth, comfortable ride and all-weather capability. The system's twin electric motors provide balanced, assured handling with sports car-level power.
      Advanced design and technology for stress-free driving
      Ariya is also the most advanced embodiment of Nissan Intelligent Mobility in a car to date.
      Drivers will feel more confident and less stressed thanks to the available, next-generation ProPILOT Assist 2.0 advanced driver assistance system that uses driver attention monitoring to enable hands-off single-lane highway operation. Ariya will also offer e-Pedal, which allows the driver to start, accelerate and decelerate using only the accelerator pedal.
      Standard across the Ariya lineup is Nissan Safety Shield® 360, a suite of six advanced active safety and driver-assist technologies. This includes Automatic Emergency Braking with Pedestrian Detection, Rear Automatic Braking, Lane Departure Warning, Blind Spot Warning, Rear Cross Traffic Alert and High Beam Assist. Ariya will also feature Nissan's Intelligent Around View Monitor, Intelligent Forward Collision Warning and other technologies aimed at making the drive easier and more enjoyable.
      A human-machine interface lets customers use natural speech to adjust car settings. Over-the-air firmware updates keep the Ariya feeling fresh and exciting. The Ariya also includes Amazon's Alexa to help customers simplify and organize their lives.
      Ariya will also feature wireless Apple CarPlay® and Android Auto™ standard to help drivers seamlessly integrate their smartphone into their vehicle experience.
      Spacious, flat-floor cabin
      The Ariya's striking looks represent Nissan's new design language, Timeless Japanese Futurism. It is characterized by a distinctive Japanese approach, conveyed in a simple yet powerfully modern way.
      Nissan's designers took advantage of the car's new EV platform, which allows for a flat floor, and its compact climate control components to give the Ariya a very spacious cabin. The lounge-like interior, featuring thin profile Zero Gravity seats, provides a welcoming and comfortable environment for driver and passengers alike.
      "Nissan was a pioneer in the world of mass-market electric vehicles a decade ago with LEAF, setting the standard for affordable, mass-market electric vehicles. We expect nothing less for the new Nissan Ariya," said Gupta. "While the driving exhilaration of its acceleration and torque levels is undeniable, the Ariya offers balanced, customer-centric technology that is perfect for everyday use."
      Nissan Ariya Key Specifications
      Passenger configuration
      2-row, 5-passenger
      Drive configuration
      Front-wheel drive or e-4ORCE all-wheel drive
      Platform
      Newly developed Alliance CMF-EV
      Powertrain
      Single (FWD) / dual (e-4ORCE AWD) electric motor, Externally Excited Synchronous Motor (EESM)
      Battery capacity
      63 kWh / 87 kWh usable (total 65 kWh / 90 kWh)
      Thermal management
      Active battery management system
      Estimated range
      Up to approximately 300 miles (preliminary Nissan estimate)
      Level 2 charging
      Up to 7.2 kW
      DC charging type
      CCS standard up to 130 kW
      Output
      160 kW – 290 kW
      Torque
      221 lb-ft – 443 lb-ft
      Wheelbase
      109.3 in.
      Overall length
      182.9 in.
      Overall width
      74.8 in.
      Overall height
      65.4 in. – 65.7 (depending on roof rack)
      Cargo volume
      16.5 cu ft (FWD)
      14.6 (e-4ORCE)
      Wheel size
      19-inch or 20-inch
      Tire size
      235/55R19 or 255/45R20
      Available interior features
      Lounge-like space created by flat, open floor and slim-profile Zero Gravity seats; large, minimalist instrument panel with integrated capacitive haptic switches; innovative center storage box with fold-out tray, adjustable center console
      Available Advanced Driver Assist (ADAS) Technology
      ProPILOT Assist 2.0 featuring hands-off highway operation with Driver Monitoring System
      Available safety technology
      Nissan Safety Shield® 360 with Automatic Emergency Braking with Pedestrian Detection, Blind Spot Warning, Rear Cross Traffic Alert, Lane Departure Warning, High Beam Assist and Rear Automatic Braking
      Model configurations
      Ariya standard and long range (FWD)
      Ariya standard range e-4ORCE and long range e-4ORCE (AWD)
      * NOTE: All specifications are as of July 2020 and are subject to homologation. Model names, features and specifications may vary by market. Subject to final validation.

      View full article
  • Posts

    • Only have ridden it 3 times so far because of the weather here, but I'm getting more comfortable with it. The clutch is heavy, I'm going to need to do hand exercises or just ride it a heck of a lot more to work up the muscles in my left hand.  I brought it to work this morning so I can drop it off for state inspection. Thinking back, this is the biggest bike I think I've ridden, maybe not the heaviest, but certainly the largest engine and most powerful.  It's a lot of bike and I'm still getting used to it. One of the nicest things that makes me glad I bought it is that once I'm rolling, it doesn't really matter what gear I'm in, I can just roll on the throttle and go without having to downshift. Love the torque.
    • The only reason ICE vehicles considerably increased in costs is because now active safety systems became standards.  That alone increased costs of all vehicles by at least $3-5k.  Before active safety systems came into play the yearly increase in vehicle cost was only few hundreds at most to compensate for the inflation. The price disparity between comparable  ICE and BE vehicle is still significant and so far doesn't seem to decrease.  It might change in the future, but as of right now it is a valid argument.  It is dead horse argument already but so is getting daily bombarded about other side of the argument which you seems to ignore.  
    • I feel you are omitting the competition factor here. Plywood, I suppose, only competes with OSB, tho I imagine the same companies manufacture both. It's pricing is much more directly tied to supply & demand, having no 'MSRP'. BE's have to compete with IC directly, and built by a multitude of companies. Price is the primary factor for consumers. Look at it this way- if the Model 3 came out at $25K, where do you think it's sales (sans production limitations) would be?
    • And all of those models (with the exception of the TB due to it short time out) have gradually gone up in price with every passing year. Again, it should be stated that BEV cost savings have been mostly with batteries in mind. It does not take into consideration how those BEVs will be packaged or optioned before they are shipped off to dealerships. Same reason why ICEs engines have gone down in certain costs while the cars they go into have not. There is a clear distinction to made here if folks bothered to actually see it instead of the endless back and forth and dead horse beating about "Well, David said they'd be cheaper and they're not so lets continually attack him while not understanding the context of what he was saying in the first place". Apparently one week timeouts have not changed this habit for some. Actually the timber industry has had a history of promising lower prices on lumber while rarely delivering on it, going all the back to the early 1900s. They are still doing it despite the sharp increase in lumber prices over the last year. It's an easy search.
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