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    William Maley

    Tokyo Prosecutors Bring New Charges Forward Against Carlos Ghosn

      The dream of leaving jail has been dashed

    The dream of Carlos Ghosn spending the holidays outside of jail has been dashed. Early this morning in Tokyo, prosecutors re-arrested Ghosn on new charges that allege he shifted personal trades to Nissan to "make it responsible for 1.85 billion yen ($16.6 million) in appraisal losses," around October 2008. Prosecutors also allege that Ghosn had Nissan " deposit a total of $14.7 million on four occasions between June 2009 and March 2012 into a related bank account."

    This re-arrest allows prosecutors to detain Ghosn for another 10 days to allow them to continue building their case against him. It may also hurt his chances of getting bail down the road. Lawyers for Ghosn declined to comment.

    The new allegations would be in violation of Japan’s Companies Act and is seen as a more serious charge than under-reporting income. According to Bloomberg, Ghosn could be facing a maximum prison sentence of 10 years and a 10 million yen fine (about $89,980).

    “It’s a very serious charge. If there was a conviction, I think it would mean that there’s been a judgment that it’s more than just typical self-dealing corporate malfeasance but something that really harmed the company and was particularly malevolent in terms of the amount of planning that went into it,” said Colin Jones, a professor of law at Doshisha University in Kyoto.

    Source: Bloomberg (Subscription Required)



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    I think Japanese saw him as a flight risk and have additional charges they will use to keep him in prison as we see new charges added every 10 days. Just a gut feeling on this.

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    2 hours ago, ocnblu said:

    This is pre-WWII Japan, thinking their crap doesn't stink.

    Are you sure about that?  A lot of countries take this stuff seriously to keep high-flying executives from fleeing their country while under indictment. The USA has not be as diligent when it comes to financial crimes as it has been with violent crimes.

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    Of course he's a flight risk...I'm surprised Renault didn't send a corporate jet to remove him.   Corrupt sleazeball.   Probably has cash stashed in the many cities around the world where he has apartments..

    Edited by Robert Hall
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    Innocent until proven guilty.  It is very odd to me.  Doesn't it strike anyone else as odd?  Why hasn't Renault jumped on the bandwagon?  Why are they drumming up new charges after a judge was ready to release him?  So weird.

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    4 hours ago, ocnblu said:

    Innocent until proven guilty.  It is very odd to me.  Doesn't it strike anyone else as odd?  Why hasn't Renault jumped on the bandwagon?  Why are they drumming up new charges after a judge was ready to release him?  So weird.

    Renault such a Socialist corrupt place France is. Not surprised as they see it as business as usual compared to Asian countries honor. Clearly he stepped on some small toes bringing reaction to his abusive ways.

    Judge releasing him is normal, also normal for prosecutors to keep digging to find new charges.

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    Asian countries honor?  Have you been reading about all the recent Japanese and Korean automotive related scandals where they've been caught with their pants down?  Pishposh.

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    On 12/21/2018 at 6:16 PM, Robert Hall said:

    Of course he's a flight risk...I'm surprised Renault didn't send a corporate jet to remove him.   Corrupt sleazeball.   Probably has cash stashed in the many cities around the world where he has apartments..

    He probably has $14.7 million four times over hidden in different bank accounts in different countries.  

    They better give him the 10 years in jail, I don’t think he is sweating the $89,000 fine.

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      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.
    • By William Maley
      Nearly a decade ago, Nissan launched an ambitious assault on the U.S. commercial van market with the launch of their NV vans. It started with the Titan-dervived, body-on-frame NV1500/2500/3500 vans. This was followed by the unibody NV200 van, which was for a time the "Taxi of Tommorow" in New York City. But Nissan is reportedly throwing in the towel.
      Automotive News has learned from a source that it will end production of their commercial vans. No time frame was given.
      "We don't want to go more in the business of vans in the U.S. We will exit," said the source.
      Nissan spokesman Brian Brockman declined to comment about the future of the commercial vans, only saying in a statement that the automaker " is considering a number of opportunities to streamline the product portfolio and drive efficiencies within our manufacturing operations."
      When the NV lineup was launched in 2009, Nissan was hoping to steal away sales from the Detroit Three. At the time, Ford and GM had 97 percent of the large van segment. The NV was positioned as being a more modern option compared to the Ford E-Series and Chevrolet Express/GMC Savana. It was more comfortable with adjustable seats, taller ceiling for easier access to the cargo area, and pre-drilled holes in the body to allow owners to add interior racks easily. But Nissan wasn't able to make decent inroads into this market, only achieving around an eight percent share in the marketplace.
      What was the NV's downfall?
      Brand Loyalty to the American brands Using a modified Titan platform for the larger vans comprised them in urban areas with their extended front nose, and cargo capacity. "A third of the vehicle is dedicated to the engine and passenger compartment instead of cargo. The van takes up more real estate for the same amount of cargo space," explained Sam Fiorani, vice president at AutoForecast Solutions. NV200 Taxis were dinged by taxi companies poor ride quality, difficulty entering/exiting the van for elderly passengers, and increasing maintenance costs. Proved to a be a difficult sale to fleet buyers due to the automaker lacking the numerous combinations of light-trucks that the Detroit three can offer. Trucks and vans work hand in hand to attract sales in the commercial market. "Chevrolet and Ford can be everything to everybody," said Tyler Slade, operating partner at Tim Dahle Nissan Southtowne in Salt Lake City. "When we went to some of these fleet companies, it didn't make sense for them to have trucks from Ford and vans from Nissan." Add in $2.8 billion in cuts that the company is planning to stay afloat and COVID-19, and the death knell was coming sooner than later for the NV family.
      If Nissan does go forward with dropping the NV family, this will be a major blow to about a forth of Nissan dealers in the U.S. They made various investments such as installing heavy-duty lifts capable of lifting fully-loaded vans and having a dedicated sales staff to handle specific fleet issues.
      "Dealers now have serious concerns about their investments in commercial vehicles," said Slade.
      There is also the question as to whether Nissan may try again. Automotive News notes that in the new business strategy outlined last month, Nissan is wanting more global cooperation with its alliance partner Renault. The French automaker already has a number of vans in its lineup and is quite successful in various markets. Nissan already sells a version of the Renault Traffic, called the NV300 in Europe.
      But getting a Renault van into the U.S. as a Nissan will be difficult and costly in terms of homologation. Also, Nissan would still need to figure out how to appeal to larger fleet buyers that go with Ford or GM.
      Source: Automotive News (Subscription Required), The Drive
      Pic Credit: William Maley for Cheers & Gears

      View full article
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    • I will have to TOTALLY DISAGREE, Electra is the Perfect Name Plate for a Buick EV. This is not about sticking to the past history but taking the name plate and auto badge into the future. EV's are the future, Buick has a Future for sure in China and EV's are the future.  No better name plate for a Buick EV.   Buick ELECTRA Based on the GM BEV 3 Platform with a 404 Mile range battery pack and 583 HP! AWD with 0 to 62 mph in 4.3 seconds. Pasting the GM press release at the bottom. https://media.gm.com/media/cn/en/gm/news.detail.html/content/Pages/news/cn/en/2020/Sept/0928_Buick.html https://www.cnet.com/roadshow/news/buick-electra-ev-concept/ https://robbreport.com/motors/cars/buicks-luxury-behemoth-the-electra-is-coming-back-as-a-583-hp-ev-1234571849/ https://gmauthority.com/blog/2020/09/all-new-buick-electra-concept-ev-crossover-debuts-in-china/ Buick Makes Bold Statement with Its Vision for Future EV Design Electra electric crossover concept makes global premiere 2020-09-28      Print      Email     Word      Share This Story   SHANGHAI – The Buick Electra concept vehicle made its global premiere this evening in Shanghai. The all-electric crossover offers a sneak peek at Buick’s vision for a new intelligent electric future. “Today, Buick’s innovative thinking and imagination of future intelligent mobility have reached the next level with the Electra,” said Sam Basile, executive vice president of SAIC-GM. “I am confident that the aesthetics and technology innovations reflected on the Electra will ultimately help reset consumers’ expectations, just as all previous Buick concepts have done.” Adopting the new “potential energy” design language, the Electra emphasizes clean and bold styling with seamless integrated technology. It comes with a new-generation electric propulsion system and the advanced Ultium battery, along with a variety of connected and intelligent driving technologies, demonstrating Buick’s ongoing evolution toward the future of personal mobility. “Building on Buick’s proven leadership in electrification, the Electra represents the brand’s ambition to bring together beautiful styling and intelligent connectivity in the new era of zero emissions,” said Molly Peck, executive director of Buick Sales and Marketing at SAIC-GM. “The advanced Ultium battery unlocks the exciting new possibilities for what future EVs will look like. The Electra fully leverages state-of-the-art technology to set a new standard for future EV design and personal mobility.” The Electra is the latest global concept vehicle developed by GM’s Pan Asia Technical Automotive Center (PATAC) automotive engineering and design joint venture in Shanghai, backed by GM’s global resources. It is named after an iconic Buick flagship model that originally represented one of the three shields in the brand’s logo. Forward-looking design inspired by a space capsule Combining the athletic look of a four-seat crossover with Gran Turismo aesthetics, the Electra previews Buick’s next-generation design language for electric vehicles. Adopting a pure design philosophy, the Electra has clean and minimalist styling inspired by a space capsule. The evolving sculptural beauty is distinguished by a spacious glass interior pod situated in an aerodynamic wing-form bodyshell. The glass canopy extends from near the front of the hood to the rear. The Electra’s innovative “potential energy” design language is characterized by sculptural surfaces in front, along the sides, and in its wheels and lamps. It reinforces the elegant overall shape while emphasizing the dynamic stance like an arrow being released. This “moving tension” is also reflected through its gradient light silver exterior tone in the front end that progressively transitions to dark silver in back. The illuminated Buick badge integrates a flow-through design. Along with 23-inch wheels featuring an optimal design, it helps enhance aerodynamics while contributing to the Electra’s futuristic look. Its “breathing” front and rear Matrix LED lamps feature parametrical mathematic lighting strings with a three-dimensional effect. They are complemented by a full LED-illuminated grille and rear screen nameplate to provide dramatic digital lighting interaction. The Electra’s butterfly wing doors support facial recognition and provide a robust opening for convenient access. There is also a hidden floating skateboard integrated with the stoplight under the rear bumper to expand users’ personal mobility options. Zero-gravity environment with seamless technology integration The Electra’s four-seat interior takes full advantage of the all-new electric vehicle architecture developed by GM, with an optimized battery layout. Together with the lack of traditional A/B pillars, the result is a maximum extension of the cabin with a longer wheelbase, a more efficient package and a more spacious, open interior. The Electra interior has a sculptural spaceship-like cradle, without a traditional instrument panel. The large curved display is a central feature. A retractable steering wheel and suspended seats, supported by an all-new light-weighted armature structure, creates a visual effect of zero gravity inside the cabin.    The Electra’s color palette, including copper gold trim surrounding the cabin and dark trim on the exterior frame, replicates the atmosphere of outer space. The interior seamlessly integrates technologies such as a concealed air-conditioning system, ambient lighting and an electronic rearview mirror. The Electra provides functionality and convenience with features available when the user needs them. Intuitive and immersive user experience The Electra offers an intuitive and immersive user experience that rewards all the senses. Buick’s next-generation eConnect connectivity system runs on the distinctively large retina display with industry-leading freeform curved screen technology, expanding the viewing area for the driver with an immersive visual experience. The advanced eConnect system supports remote over-the-air (OTA) updates and enables a connected experience by providing on-demand driving information, advanced driver assistant system details and infotainment control. The introduction of a large augmented reality-enhanced head-up display with advanced live-view navigation adds to the Electra’s intuitive multi-screen interactive user interface. The Electra is also equipped with the next generation of Buick’s intelligent AI Voice Assistant. Users can fully manage the vehicle’s functions with smooth and precise human-machine voice interaction, such as controlling the air-conditioning, accessing home devices and adjusting the driving mode. Advanced electrification technology and smart mobility Leveraging GM’s global EV expertise, the Electra is supported by its new-generation high-performance modular electric propulsion system. Utilizing the advanced Ultium battery, the Electra has a range of more than 660 kilometers on a single charge, making it ideal for daily commutes as well as family trips.   Thanks to the industry-leading wireless battery management system, the Ultium battery reduces wires within the battery by 90%. It also helps balance chemistry within the individual battery cell groups and conduct real-time battery pack checks to safeguard battery health. The Electra’s Ultium drive unit has high-performance motors in both the front and the rear to ensure optimized power output. It has maximum power of 435 kW, enabling 0-100 kilometer per hour acceleration of just 4.3 seconds. Additional vehicle highlights for future mobility include GM’s next-generation intelligent driving technology with door to-door smart mobility solutions, as well as V2X technologies, to offer a safe and intelligent ride with peace of mind.    Buick has found success offering premium SUVs and cars with sculptural designs, refined performance, modern interiors and thoughtful personal technologies. Buick’s award-winning customer service and sales experience, along with the Avenir trim, the highest expression of Buick luxury, are attracting new buyers to experience Buick’s unique approach to attainable luxury in North America and China. Buick has sold over 10 million vehicles in China since its introduction by SAIC-GM in 1998. More information about Buick vehicles in China, its largest market, is available at www.Buick.com.cn.
    • As such every Pickup Truck out there ICE and EV are over priced especially with the crazy $7,500 to $12,000 discounts being thrown on the hoods now.
    • I've said it here a good dozen times; I think this is a terrible mis-appropriation of the storied nameplate. Sure, the crowd that has come to lean on the overly-simplistic 'A-B-C, 1-2-3' naming mindset will applaud, but it's still a travesty. None-the-less, here it is, threatening to return. Hopefully, it'll be another scenario like the '08 Invicta concept, and it'll remain peacefully dormant.  
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