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Found 456 results

  1. Nissan introduced three updates for the 2020 Nissan GT-R this evening in New York. Nissan GT-R 50th Anniversary Edition The Special Edition car will come in three two-tone liveries, meant to represent cars from the Japanese GP series which the original GT-R was designed to dominate in. Retired since the GT-R "R34" model, Bayside (Wangan) Blue makes a return, complete with white racing stripes. A four-coat, double-heat treatment process ensures a vivid blue with striking highlights and deep shadows. Blue accents on the wheel spokes are among several fine touches made to celebrate the GT-R's milestone. Pearl White with red stripes and Super Silver with white stripes round out the 50th Anniversary liveries. The inside of the 50th Anniversary car is a special gray interior color scheme meant to give a sense of luxury. It's not all stickers and paint. The engine has received upgraded turbo-chargers that provide faster response at low RPM and a 5% increase in efficiency. They are meant to provide a sharper response when accelerating out of corners. A new exhaust note is provided by a new titanium muffler, while the suspension has been re-tuned for better cornering ability and smoother ride. A revised 2020 GT-R Track Edition For those inclined to take their GT-R to a race circuit, Nissan offers the revised and very potent 2020 Track Edition, which comes with an optional carbon fiber roof that sports a clean, tight weave made possible by a new construction process. The engine (for U.S. models) is borrowed from the famed GT-R NISMO, with newly redesigned turbochargers from the latest GT3 series GT-R race car. This results in a 20% increase in pedal-down acceleration reaction time and 600 horsepower. Optional on the Track Edition are special Brembo carbon ceramic rotors and calipers. Made of carbon and silica carbide, the rotors – 16.1 inches (410 mm) front and 15.3 inches (390 mm) rear – are nearly as hard as diamonds. Paired with the performance brake pads, they generate more friction, which translates into better feel and control in all types of braking situations. 2020 GT-R specifications (U.S. spec) Premium Track Edition Engine VR38DETT, V6 Twin-Turbo charged DOHC Displacement 3.8L Horsepower 565 hp 600 hp Torque 467 lb-ft /3300-5800 rpm 481 lb-ft /3600-5600 rpm Overall length 185.4 in. / 4710 mm Overall width 74.6 in. / 1895 mm Overall height 53.9 in. / 1370 mm Wheelbase 109.4 in. / 2780 mm 2020 Nissan GT-R NISMO Few cars possess the GT-R's driving performance. For the 2020 model, the engineers sought to improve what was essentially already mechanical perfection, "making small tweaks to squeeze out as much as possible from the engine and chassis," according to Tamura. Nissan's 3.8-liter V6 24-valve twin-turbocharged engine – each handcrafted by its own takumi technician – remains the heart of the GT-R's drivetrain. The GT-R NISMO features an exclusive turbocharger design – direct from the GT-R GT3 race car - with a modified turbine shape and fewer blades. This optimizes the flow rate and enhances the acceleration response by 20%, without a loss of horsepower. The car's revised 6-speed dual-clutch transmission features a refined "R mode" that not only shifts faster but also optimizes gear selection, especially when exiting corners. This enhances the feeling of acceleration and deceleration on both road and track. The adaptive shift control has also been programmed to adapt shift schedules to the user's driving style. This makes it possible to drive in a law-abiding way on public roads and in a highly spirited fashion on a race track, without manually changing modes (in A mode / R mode). The car's exhaust note is the product of a revised titanium exhaust with handcrafted burnished blue tips. When it comes to handling, the 2020 GT-R NISMO has few equals. Its updated suspension tuning improves cornering stability, with enhanced yaw rate response and smoother ride quality. The steering features better linearity and precision than ever, requiring minimal corrections at speeds of up to 186 mph (300 kph). The absolute performance theme is also fittingly reflected by the addition of a carbon ceramic brake system. The combination of the Brembo carbon ceramic rotors — enlarged to 16.1 inches (410 mm) up front and 15.3 (390 mm) at the rear — and Brembo calipers significantly improve reaction time, durability and overall stopping performance. At the same time, their lightweight nature decreases the unsprung weight on each wheel, allowing the car to trace the intended driving line in a highly precise manner. The carbon and silica carbide structure of the rotors is nearly as hard as diamonds. When paired with the new material of the brake pads, they generate more friction for an enhanced controlled feeling in all types of braking situations. The new materials also help decrease braking footwork by shortening the brake pedal stroke. The newly developed high-rigidity calipers are dipped in bright yellow paint that can resist temperatures of more than 1,832 degrees Fahrenheit (1,000 degrees Celsius). "We have built the 2020 GT-R NISMO for our customers to be the ultimate track and street vehicle," Tamura said. "It is about total balance management, not just chasing power figures. The new NISMO has been brought to a new level, with enhanced engine, handling, braking and aerodynamics." 2020 GT-R NISMO specifications (U.S. spec) Engine VR38DETT, V6 twin-turbo charged DOHC Displacement 3.8L Horsepower 600 hp Torque 481 lb-ft /3600-5600 rpm Overall length 184.6 in. / 4690 mm Overall width 74.6 in. / 1895 mm Overall height 53.9 in. / 1370 mm Wheelbase 109.4 in. / 2780 mm View full article
  2. Nissan introduced three updates for the 2020 Nissan GT-R this evening in New York. Nissan GT-R 50th Anniversary Edition The Special Edition car will come in three two-tone liveries, meant to represent cars from the Japanese GP series which the original GT-R was designed to dominate in. Retired since the GT-R "R34" model, Bayside (Wangan) Blue makes a return, complete with white racing stripes. A four-coat, double-heat treatment process ensures a vivid blue with striking highlights and deep shadows. Blue accents on the wheel spokes are among several fine touches made to celebrate the GT-R's milestone. Pearl White with red stripes and Super Silver with white stripes round out the 50th Anniversary liveries. The inside of the 50th Anniversary car is a special gray interior color scheme meant to give a sense of luxury. It's not all stickers and paint. The engine has received upgraded turbo-chargers that provide faster response at low RPM and a 5% increase in efficiency. They are meant to provide a sharper response when accelerating out of corners. A new exhaust note is provided by a new titanium muffler, while the suspension has been re-tuned for better cornering ability and smoother ride. A revised 2020 GT-R Track Edition For those inclined to take their GT-R to a race circuit, Nissan offers the revised and very potent 2020 Track Edition, which comes with an optional carbon fiber roof that sports a clean, tight weave made possible by a new construction process. The engine (for U.S. models) is borrowed from the famed GT-R NISMO, with newly redesigned turbochargers from the latest GT3 series GT-R race car. This results in a 20% increase in pedal-down acceleration reaction time and 600 horsepower. Optional on the Track Edition are special Brembo carbon ceramic rotors and calipers. Made of carbon and silica carbide, the rotors – 16.1 inches (410 mm) front and 15.3 inches (390 mm) rear – are nearly as hard as diamonds. Paired with the performance brake pads, they generate more friction, which translates into better feel and control in all types of braking situations. 2020 GT-R specifications (U.S. spec) Premium Track Edition Engine VR38DETT, V6 Twin-Turbo charged DOHC Displacement 3.8L Horsepower 565 hp 600 hp Torque 467 lb-ft /3300-5800 rpm 481 lb-ft /3600-5600 rpm Overall length 185.4 in. / 4710 mm Overall width 74.6 in. / 1895 mm Overall height 53.9 in. / 1370 mm Wheelbase 109.4 in. / 2780 mm 2020 Nissan GT-R NISMO Few cars possess the GT-R's driving performance. For the 2020 model, the engineers sought to improve what was essentially already mechanical perfection, "making small tweaks to squeeze out as much as possible from the engine and chassis," according to Tamura. Nissan's 3.8-liter V6 24-valve twin-turbocharged engine – each handcrafted by its own takumi technician – remains the heart of the GT-R's drivetrain. The GT-R NISMO features an exclusive turbocharger design – direct from the GT-R GT3 race car - with a modified turbine shape and fewer blades. This optimizes the flow rate and enhances the acceleration response by 20%, without a loss of horsepower. The car's revised 6-speed dual-clutch transmission features a refined "R mode" that not only shifts faster but also optimizes gear selection, especially when exiting corners. This enhances the feeling of acceleration and deceleration on both road and track. The adaptive shift control has also been programmed to adapt shift schedules to the user's driving style. This makes it possible to drive in a law-abiding way on public roads and in a highly spirited fashion on a race track, without manually changing modes (in A mode / R mode). The car's exhaust note is the product of a revised titanium exhaust with handcrafted burnished blue tips. When it comes to handling, the 2020 GT-R NISMO has few equals. Its updated suspension tuning improves cornering stability, with enhanced yaw rate response and smoother ride quality. The steering features better linearity and precision than ever, requiring minimal corrections at speeds of up to 186 mph (300 kph). The absolute performance theme is also fittingly reflected by the addition of a carbon ceramic brake system. The combination of the Brembo carbon ceramic rotors — enlarged to 16.1 inches (410 mm) up front and 15.3 (390 mm) at the rear — and Brembo calipers significantly improve reaction time, durability and overall stopping performance. At the same time, their lightweight nature decreases the unsprung weight on each wheel, allowing the car to trace the intended driving line in a highly precise manner. The carbon and silica carbide structure of the rotors is nearly as hard as diamonds. When paired with the new material of the brake pads, they generate more friction for an enhanced controlled feeling in all types of braking situations. The new materials also help decrease braking footwork by shortening the brake pedal stroke. The newly developed high-rigidity calipers are dipped in bright yellow paint that can resist temperatures of more than 1,832 degrees Fahrenheit (1,000 degrees Celsius). "We have built the 2020 GT-R NISMO for our customers to be the ultimate track and street vehicle," Tamura said. "It is about total balance management, not just chasing power figures. The new NISMO has been brought to a new level, with enhanced engine, handling, braking and aerodynamics." 2020 GT-R NISMO specifications (U.S. spec) Engine VR38DETT, V6 twin-turbo charged DOHC Displacement 3.8L Horsepower 600 hp Torque 481 lb-ft /3600-5600 rpm Overall length 184.6 in. / 4690 mm Overall width 74.6 in. / 1895 mm Overall height 53.9 in. / 1370 mm Wheelbase 109.4 in. / 2780 mm
  3. Nissan is celebrating 50 years of performance credentials with the 2020 Nissan 370Z 50th Anniversary Special Edition. While it is mostly a sticker and paint package, it will be available on the Base, Sport, Sport Touring, and NISMO models, so customers can pick their own level of performance. It will come with special 19 inch alloy wheels with red accents. Inside is a Special Edition Alcantara wrapped steering wheel, leather and suede seats, with unique graphics and stitching, and suede door panel inserts. The rest of the 370Z carries over and with it, the history of Nissan performance. We will have more pictures and updates from the New York International Auto Show on April 17th. View full article
  4. Nissan is celebrating 50 years of performance credentials with the 2020 Nissan 370Z 50th Anniversary Special Edition. While it is mostly a sticker and paint package, it will be available on the Base, Sport, Sport Touring, and NISMO models, so customers can pick their own level of performance. It will come with special 19 inch alloy wheels with red accents. Inside is a Special Edition Alcantara wrapped steering wheel, leather and suede seats, with unique graphics and stitching, and suede door panel inserts. The rest of the 370Z carries over and with it, the history of Nissan performance. We will have more pictures and updates from the New York International Auto Show on April 17th.
  5. At the Tortuga Music Festival in Ft. Lauderdale Florida yesterday, Nissan unveiled the all-new 2020 Nissan Versa. Nissan packed technology usually reserved for higher end cars into the low-cost Versa including Nissan's Safety Shield 360. Safety Shield 360 includes: Nissan Intelligent Mobility that helps provide front, side and rear safety monitoring and intervention technologies. Standard safety features include Automatic Emergency Braking with Pedestrian Detection Rear Automatic Braking Lane Departure Warning High Beam Assist Available equipment includes Blind Spot Warning, Rear Cross Traffic Alert, Intelligent Driver Alertness and Intelligent Cruise Control. The exterior has been refreshed to look like a smaller version of the Nissan Altima with Nissan's V-Motion grille and a rear floating roof. The interior has been greatly upgraded. Inside, Nissan took styling elements from the Nissan Maxima. Heated front seats, push button start, Automatic Climate Control, Apple CarPlay and Android Auto are also available. Under the hood is a 1.6 liter 4-cylinder producing 122 horsepower and 114 lb-ft of torque with either a CVT or 5-speed manual. No word yet on pricing, but the Nissan Versa is one of the least expensive vehicles available in the U.S.... that it packs this much technology into an inexpensive package will make it a killer value if Nissan can hold the line on pricing. View full article
  6. At the Tortuga Music Festival in Ft. Lauderdale Florida yesterday, Nissan unveiled the all-new 2020 Nissan Versa. Nissan packed technology usually reserved for higher end cars into the low-cost Versa including Nissan's Safety Shield 360. Safety Shield 360 includes: Nissan Intelligent Mobility that helps provide front, side and rear safety monitoring and intervention technologies. Standard safety features include Automatic Emergency Braking with Pedestrian Detection Rear Automatic Braking Lane Departure Warning High Beam Assist Available equipment includes Blind Spot Warning, Rear Cross Traffic Alert, Intelligent Driver Alertness and Intelligent Cruise Control. The exterior has been refreshed to look like a smaller version of the Nissan Altima with Nissan's V-Motion grille and a rear floating roof. The interior has been greatly upgraded. Inside, Nissan took styling elements from the Nissan Maxima. Heated front seats, push button start, Automatic Climate Control, Apple CarPlay and Android Auto are also available. Under the hood is a 1.6 liter 4-cylinder producing 122 horsepower and 114 lb-ft of torque with either a CVT or 5-speed manual. No word yet on pricing, but the Nissan Versa is one of the least expensive vehicles available in the U.S.... that it packs this much technology into an inexpensive package will make it a killer value if Nissan can hold the line on pricing.
  7. The Jeep Gladiator is new. While it is based on older underpinnings and a somewhat dated interior, the Ford Ranger is the second newest truck in the U.S. market. Behind that is the just-refreshed but still on an older chassis Toyota Tacoma, that is getting a new platform in a few years. Behind that is the Honda Ridgeline. Behind that are the GM twins of Colorado and Canyon which came out in 2012. And finally, behind those two, the oldest small/midsize truck is the Nissan Frontier, trucking on since 2004 without a major redesign. Put into some perspective, the current Nissan Frontier is only one year younger than the previous generation of Colorado and Canyon. As far as the automotive industry goes, that is ancient, but Frontier buyers don't seem to mind. Nissan sold nearly 79,646 Frontier trucks in 2018, a 7.1% increase over 2017. That's with all the new competition coming on the market and without any major incentives. That makes it the brands third best seller in the crossover/truck segment after Rogue and Murano. People wanting something a bit fresher from Nissan still have about 18 months to wait. The next Frontier, sold as a 2021 model, should arrive in dealerships in the Fall of 2020. People who have seen previews of the truck describe it as "futuristic" and "Modern, but still looks like a truck". It will get a new 300 horsepower V6 engine replacing the current 4.0 V6 and the 5-speed automatic will be upgraded to a 7-speed. However, unlike the Tacoma, which is moving to an all new platform in a few years. The Frontier will get a heavily revised version of its current frame. Nissan opted not to go with their global Navara truck platform primarily because it is too small to compete with the likes of the Ranger and Gladiator. It also uses a more expensive coil spring rear suspension instead of the traditional leaf springs. With the Ford Ranger and Jeep Gladiator now entering the market, Nissan wants to catch up and be the newest kid on the block, if only for a little while.
  8. The Jeep Gladiator is new. While it is based on older underpinnings and a somewhat dated interior, the Ford Ranger is the second newest truck in the U.S. market. Behind that is the just-refreshed but still on an older chassis Toyota Tacoma, that is getting a new platform in a few years. Behind that is the Honda Ridgeline. Behind that are the GM twins of Colorado and Canyon which came out in 2012. And finally, behind those two, the oldest small/midsize truck is the Nissan Frontier, trucking on since 2004 without a major redesign. Put into some perspective, the current Nissan Frontier is only one year younger than the previous generation of Colorado and Canyon. As far as the automotive industry goes, that is ancient, but Frontier buyers don't seem to mind. Nissan sold nearly 79,646 Frontier trucks in 2018, a 7.1% increase over 2017. That's with all the new competition coming on the market and without any major incentives. That makes it the brands third best seller in the crossover/truck segment after Rogue and Murano. People wanting something a bit fresher from Nissan still have about 18 months to wait. The next Frontier, sold as a 2021 model, should arrive in dealerships in the Fall of 2020. People who have seen previews of the truck describe it as "futuristic" and "Modern, but still looks like a truck". It will get a new 300 horsepower V6 engine replacing the current 4.0 V6 and the 5-speed automatic will be upgraded to a 7-speed. However, unlike the Tacoma, which is moving to an all new platform in a few years. The Frontier will get a heavily revised version of its current frame. Nissan opted not to go with their global Navara truck platform primarily because it is too small to compete with the likes of the Ranger and Gladiator. It also uses a more expensive coil spring rear suspension instead of the traditional leaf springs. With the Ford Ranger and Jeep Gladiator now entering the market, Nissan wants to catch up and be the newest kid on the block, if only for a little while. View full article
  9. In what is being called a highly unusual turn, Japanese prosecutors have arrested Carlos Ghosn again while he was out on bail on suspicion of trying to enrich himself at Nissan's expense. Ghosn has called on the French government for help. Ghosn was free on $9 Million bail at the time. Prosecutors say that Ghosn had caused over $5 million in losses at Nissan Motor Co in a breach of his legal duties to the company with the goal of personal gain. The losses come from the alleged shifting of funds through a dealer in Oman into an account that Ghosn owned. Prosecutors visited Ghosn's residence on Thursday for questioning and later took him into custody. Ghosn remained defiant, saying through a spokesman "Why arrest me except to try to break me? I will not be broken" and that the arrest was "an outrageous and arbitrary attempt to silence him". Prior to his arrest, Ghosn said on Twitter that he would hold a press conference on April 11th to tell the truth about the allegations against him. Prosecutors can hold him for 22 days without charge under Japanese law. View full article
  10. In what is being called a highly unusual turn, Japanese prosecutors have arrested Carlos Ghosn again while he was out on bail on suspicion of trying to enrich himself at Nissan's expense. Ghosn has called on the French government for help. Ghosn was free on $9 Million bail at the time. Prosecutors say that Ghosn had caused over $5 million in losses at Nissan Motor Co in a breach of his legal duties to the company with the goal of personal gain. The losses come from the alleged shifting of funds through a dealer in Oman into an account that Ghosn owned. Prosecutors visited Ghosn's residence on Thursday for questioning and later took him into custody. Ghosn remained defiant, saying through a spokesman "Why arrest me except to try to break me? I will not be broken" and that the arrest was "an outrageous and arbitrary attempt to silence him". Prior to his arrest, Ghosn said on Twitter that he would hold a press conference on April 11th to tell the truth about the allegations against him. Prosecutors can hold him for 22 days without charge under Japanese law.
  11. Nissan Group reports March 2019 U.S. sales March 2019 March 2018 % chg Nissan Group Total sales (units) 150,768 162,535 -7.2 Nissan Division sales 137,362 145,103 -5.3 INFINITI sales* 13,406 17,432 -23.1 NASHVILLE, Tenn. – Nissan Group announced total U.S. sales for March 2019 of 150,768 units, a decrease of 7% compared to the prior year. Nissan highlights: Armada SUV sales were 4,409 units, up 3% to achieve a March record. Nissan Pathfinder sales in March increased 8% to 7,226 units. NV commercial van sales were 1,805 units, up 12% in March. Several key models have shown gains in 2019: NV commercial vans (+20%), Armada (+8%) and the LEAF all-electric vehicle (+6%). *INFINITI sales total included for reference. For more information on INFINITI’s March sales performance, please visit INFINITINews.com. NOTE: To ensure consistency in global sales reporting, Nissan North America calculates monthly variances on a straight-percentage basis, unadjusted for the number of selling days. March 2019 had 27 selling days, while March 2018 had 28 selling days. NISSAN DIVISION MAR MAR Monthly CYTD CYTD CYTD 2019 2018 % chg 2019 2018 % chg Nissan Division Total 137,362 145,103 -5.3 331,536 375,116 -11.6 Versa 10,933 10,921 0.1 24,992 25,365 -1.5 Sentra 25,633 25,123 2.0 56,793 60,002 -5.3 Altima 23,075 23,518 -1.9 51,480 63,406 -18.8 Maxima 3,593 5,034 -28.6 10,554 13,754 -23.3 LEAF 1,314 1,500 -12.4 2,685 2,545 5.5 Juke 4 142 -97.2 9 456 -98.0 370Z 263 447 -41.2 647 983 -34.2 GT-R 49 66 -25.8 93 135 -31.1 Total Car 64,864 66,751 -2.8 147,253 166,646 -11.6 Kicks 5,144 0 n/a 12,519 0 n/a Frontier 7,868 8,932 -11.9 20,221 22,825 -11.4 Titan 3,930 4,912 -20.0 9,683 12,724 -23.9 Pathfinder 7,226 6,680 8.2 17,354 18,106 -4.2 Armada 4,409 4,288 2.8 9,801 9,082 7.9 Rogue 35,802 42,151 -15.1 93,814 116,454 -19.4 Murano 4,237 7,751 -45.3 11,729 20,722 -43.4 Quest 0 0 n/a 0 2 -100.0 NV 1,805 1,606 12.4 4,507 3,768 19.6 NV200 2,077 2,032 2.2 4,655 4,787 -2.8 Total Truck 72,498 78,352 -7.5 184,283 208,470 -11.6 INFINITI MAR MAR Monthly CYTD CYTD CYTD 2019 2018 % chg 2019 2018 % chg Infiniti Total 13,406 17,432 -23.1 34,315 40,887 -16.1 Infiniti Q50 3,785 5,085 -25.6 8,264 11,701 -29.4 Infiniti Q60 571 1,136 -49.7 1,304 2,603 -49.9 Infiniti Q70 458 655 -30.1 962 1,491 -35.5 Infiniti QX30 548 1,227 -55.3 1,577 2,815 -44.0 Infiniti QX50 1,639 1,913 -14.3 3,583 4,084 -12.3 Infiniti QX60 4,525 5,115 -11.5 12,830 12,024 6.7 Infiniti QX70 2 221 -99.1 6 570 -98.9 Infiniti QX80 1,878 2,080 -9.7 5,789 5,599 3.4 Total Car 4,814 6,876 -30.0 10,530 15,795 -33.3 Total Truck 8,592 10,556 -18.6 23,785 25,092 -5.2 NISSAN GROUP MAR MAR Monthly CYTD CYTD CYTD 2019 2018 % chg 2019 2018 % chg TOTAL VEHICLE 150,768 162,535 -7.2 365,851 416,003 -12.1 Total Car 69,678 73,627 -5.4 157,783 182,441 -13.5 Total Truck 81,090 88,908 -8.8 208,068 233,562 -10.9 Selling days 27 28 76 77 # # #
  12. Financial Times is reporting that Renault wants to make the marriage to Nissan more official and formally merge. Renault wants to start talks within the next 12 months and include a potential bid for automaker FCA . The combined companies of Nissan, Renault, Fiat, and Chrysler would be a conglomerate that rivals the size of Toyota and Volkswagen. Carlos Ghosn tried to start merger talks prior to his arrest for financial wrongdoing, however, the French government stopped his proposals. Renault currently owns roughly 43% of Nissan. FCA has recently been in the news for potential talks with Peugeot to merge. Those reports were squashed when it came to light that the Agnelli family, who has a controlling stake in FCA, was not interested in a deal that was paid for with PSA stock. View full article
  13. Financial Times is reporting that Renault wants to make the marriage to Nissan more official and formally merge. Renault wants to start talks within the next 12 months and include a potential bid for automaker FCA . The combined companies of Nissan, Renault, Fiat, and Chrysler would be a conglomerate that rivals the size of Toyota and Volkswagen. Carlos Ghosn tried to start merger talks prior to his arrest for financial wrongdoing, however, the French government stopped his proposals. Renault currently owns roughly 43% of Nissan. FCA has recently been in the news for potential talks with Peugeot to merge. Those reports were squashed when it came to light that the Agnelli family, who has a controlling stake in FCA, was not interested in a deal that was paid for with PSA stock.
  14. Japanese journalists await Carlos Ghosn who was expected to be released from Jail on bail after the Tokyo court granted the bail request. Ghosn lawyer's office said it would be near impossible for him to be released the same day due to an appeal by the prosecutor's office. Ghosn was granted bail set at $1 billion yen or equal to $9 million US at today's exchange rate. Ghosn is 64 and head of the auto alliance of Nissan Motors, Mitsubishi Motors, and Renault. He was arrested in 2018 on suspicion of underreporting his income by more than $80 million US dollars and saddling Nissan with his personal investment losses, allegations he denies. Ghosn new legal team was able to get bail granted on the conditions he will be kept under guard locally with limited to no outside information. Ghosn has claimed that the executives of Nissan are responsible for his arrest as they plotted and committed treason to prevent him from bringing Nissan further under Renault's control. While Carlos Ghosn has resigned from the CEO position on all three companies, he remains on the boards of all three companies. Yet now that he is out on bail he seems to be insulting the average workers of Japan and according to various stories, his new legal team has apologized for advising the former CEO to leave jail in a disguise being taken away in a work van with ladders attached to the roof. Local news outlets have mocked the costume drama bringing more attention than if he had just left on his own in normal business attire and in a business auto. Ghosn is one of the highest-profile detainees which also has made him one of the most famous now. Ghosn was seen later in the day walking with two women, one believed to be his wife and the other his daughter in a Tokyo park by where he will be living surrounded by press and still wearing the blue baseball cap and sunglasses. View full article
  15. Japanese journalists await Carlos Ghosn who was expected to be released from Jail on bail after the Tokyo court granted the bail request. Ghosn lawyer's office said it would be near impossible for him to be released the same day due to an appeal by the prosecutor's office. Ghosn was granted bail set at $1 billion yen or equal to $9 million US at today's exchange rate. Ghosn is 64 and head of the auto alliance of Nissan Motors, Mitsubishi Motors, and Renault. He was arrested in 2018 on suspicion of underreporting his income by more than $80 million US dollars and saddling Nissan with his personal investment losses, allegations he denies. Ghosn new legal team was able to get bail granted on the conditions he will be kept under guard locally with limited to no outside information. Ghosn has claimed that the executives of Nissan are responsible for his arrest as they plotted and committed treason to prevent him from bringing Nissan further under Renault's control. While Carlos Ghosn has resigned from the CEO position on all three companies, he remains on the boards of all three companies. Yet now that he is out on bail he seems to be insulting the average workers of Japan and according to various stories, his new legal team has apologized for advising the former CEO to leave jail in a disguise being taken away in a work van with ladders attached to the roof. Local news outlets have mocked the costume drama bringing more attention than if he had just left on his own in normal business attire and in a business auto. Ghosn is one of the highest-profile detainees which also has made him one of the most famous now. Ghosn was seen later in the day walking with two women, one believed to be his wife and the other his daughter in a Tokyo park by where he will be living surrounded by press and still wearing the blue baseball cap and sunglasses.
  16. A few weeks after Honda announced the closure of its manufacturing plant in Swindon, Sky News is reporting that BMW and Nissan are both looking at moving operations out of the UK in the event of a no-deal Brexit. BMW currently produces the Mini-Cooper in Oxford. BMW's Peter Schwarzenbauer has said that the company would "need to consider" moving production out of the UK. In addition to Mini production, some engine production would move to Austria from Birmingham. Likewise Nissan, which produces the Qashqai and Leaf in Sunderland would cut back production and potential plant reductions of about 400 jobs. Nissan has already announced that due to Brexit uncertainty, the manufacturer would not be producing the Nissan X-Trail in Sunderland. Sunderland is the largest automotive manufacturing plant in the UK.
  17. A few weeks after Honda announced the closure of its manufacturing plant in Swindon, Sky News is reporting that BMW and Nissan are both looking at moving operations out of the UK in the event of a no-deal Brexit. BMW currently produces the Mini-Cooper in Oxford. BMW's Peter Schwarzenbauer has said that the company would "need to consider" moving production out of the UK. In addition to Mini production, some engine production would move to Austria from Birmingham. Likewise Nissan, which produces the Qashqai and Leaf in Sunderland would cut back production and potential plant reductions of about 400 jobs. Nissan has already announced that due to Brexit uncertainty, the manufacturer would not be producing the Nissan X-Trail in Sunderland. Sunderland is the largest automotive manufacturing plant in the UK. View full article
  18. Nissan Group reports February 2019 U.S. sales February 2019 February 2018 % chg Nissan Group Total sales (units) 114,342 129,930 -12.0 Nissan Division sales 103,735 117,110 -11.4 INFINITI sales* 10,607 12,820 -17.3 NASHVILLE, Tenn. – Nissan Group announced total U.S. sales for February 2019 of 114,342 units, a decrease of 12 percent compared to the prior year. Nissan highlights: NV commercial van sales were 1,439 units, up 26 percent to achieve a February record. Armada SUV sales rose 25 percent to 3,190 units. Versa sales rose 3 percent in February to 7,410 units. *INFINITI sales total included for reference. For more information on INFINITI’s February sales performance, please visit INFINITINews.com. NOTE: To ensure consistency in global sales reporting, Nissan North America calculates monthly variances on a straight-percentage basis, unadjusted for the number of selling days. February 2019 and February 2018 each had 24 selling days. NISSAN DIVISION FEB FEB Monthly CYTD CYTD CYTD 2019 2018 % chg 2019 2018 % chg Nissan Division Total 103,735 117,110 -11.4 194,174 230,013 -15.6 Versa 7,410 7,196 3.0 14,059 14,444 -2.7 Sentra 17,072 17,148 -0.4 31,160 34,879 -10.7 Altima 16,216 19,703 -17.7 28,405 39,888 -28.8 Maxima 3,504 4,387 -20.1 6,961 8,720 -20.2 LEAF 654 895 -26.9 1,371 1,045 31.2 Juke 2 124 -98.4 5 314 -98.4 370Z 211 312 -32.4 384 536 -28.4 GT-R 25 35 -28.6 44 69 -36.2 Total Car 45,094 49,800 -9.4 82,389 99,895 -17.5 Kicks 3,563 0 n/a 7,375 0 n/a Frontier 6,291 7,992 -21.3 12,353 13,893 -11.1 Titan 2,722 3,761 -27.6 5,753 7,812 -26.4 Pathfinder 4,860 6,140 -20.8 10,128 11,426 -11.4 Armada 3,190 2,548 25.2 5,392 4,794 12.5 Rogue 31,899 38,119 -16.3 58,012 74,303 -21.9 Murano 3,412 6,179 -44.8 7,492 12,971 -42.2 Quest 0 1 -100.0 0 2 -100.0 NV 1,439 1,139 26.3 2,702 2,162 25.0 NV200 1,265 1,431 -11.6 2,578 2,755 -6.4 Total Truck 58,641 67,310 -12.9 111,785 130,118 -14.1 INFINITI FEB FEB Monthly CYTD CYTD CYTD 2019 2018 % chg 2019 2018 % chg Infiniti Total 10,607 12,820 -17.3 20,909 23,455 -10.9 Infiniti Q50 2,230 3,904 -42.9 4,479 6,616 -32.3 Infiniti Q60 327 855 -61.8 733 1,467 -50.0 Infiniti Q70 269 450 -40.2 504 836 -39.7 Infiniti QX30 574 775 -25.9 1,029 1,588 -35.2 Infiniti QX50 1,122 1,120 0.2 1,944 2,171 -10.5 Infiniti QX60 4,117 3,880 6.1 8,305 6,909 20.2 Infiniti QX70 0 147 -100.0 4 349 -98.9 Infiniti QX80 1,968 1,689 16.5 3,911 3,519 11.1 Total Car 2,826 5,209 -45.7 5,716 8,919 -35.9 Total Truck 7,781 7,611 2.2 15,193 14,536 4.5 NISSAN GROUP FEB FEB Monthly CYTD CYTD CYTD 2019 2018 % chg 2019 2018 % chg TOTAL VEHICLE 114,342 129,930 -12.0 215,083 253,468 -15.1 Total Car 47,920 55,009 -12.9 88,105 108,814 -19.0 Total Truck 66,422 74,921 -11.3 126,978 144,654 -12.2 Selling days 24 24 49 49
  19. Carlos Ghosn has been sitting in a Japanese jail cell since mid-November on charges financial violations, including under-reporting compensation. It is unclear what awaits him in the coming months, but he believes that his downfall is due the result of "plot and treason" by Nissan executives opposed to plans of a merger between Nissan and Renault. Today, the Nikkei Asian Review published an exclusive interview with Ghosn from the detention center he is currently being held at. This is quite surprising as Ghosn has been "barred from meeting with his family or Nissan employees". During the short interview (about 20 minutes), Ghosn dismissed various accusations ranging from his 19-year reign at Nissan being a "dictatorship," to the numerous financial charges he is currently facing. One of those charges deals with $14.7 million in payments to a company run by Saudi businessman Khaled al-Juffali. Ghosn said "the executive in charge of the region signed [the approval]," and the funds came from Ghosn's "CEO reserve," a pot of money that he was free to decide how to spend. "[Have I] done [something] inappropriate? I am not a lawyer, I don't know the interpretation of [such] facts," Ghosn said. "These are known by everybody, why didn't they tell me?" Ghosn also talked about the plans for the deeper integration of Nissan, Renault, and Mitsubishi. The plan was to have the three closely integrated to ensure "autonomy under one holding company." Ghosn also revealed that he wanted to have Mitsubishi Motors CEO Osamu Masuko in the talks about the integration, but Nissan CEO Hiroto Saikawa wanted to keep the talks "one-on-one". Allies of Ghosn believed some Nissan executives were worried that Ghosn's power could increase under the integration, prompting them to work with Tokyo prosecutors. A Nissan spokesman told Bloomberg that Saikawa previously refuted the notion of a coup. “Nissan’s investigation uncovered substantial and convincing evidence of misconduct,” the company said in a statement. Source: Nikkei Asian Review, Bloomberg View full article
  20. Carlos Ghosn has been sitting in a Japanese jail cell since mid-November on charges financial violations, including under-reporting compensation. It is unclear what awaits him in the coming months, but he believes that his downfall is due the result of "plot and treason" by Nissan executives opposed to plans of a merger between Nissan and Renault. Today, the Nikkei Asian Review published an exclusive interview with Ghosn from the detention center he is currently being held at. This is quite surprising as Ghosn has been "barred from meeting with his family or Nissan employees". During the short interview (about 20 minutes), Ghosn dismissed various accusations ranging from his 19-year reign at Nissan being a "dictatorship," to the numerous financial charges he is currently facing. One of those charges deals with $14.7 million in payments to a company run by Saudi businessman Khaled al-Juffali. Ghosn said "the executive in charge of the region signed [the approval]," and the funds came from Ghosn's "CEO reserve," a pot of money that he was free to decide how to spend. "[Have I] done [something] inappropriate? I am not a lawyer, I don't know the interpretation of [such] facts," Ghosn said. "These are known by everybody, why didn't they tell me?" Ghosn also talked about the plans for the deeper integration of Nissan, Renault, and Mitsubishi. The plan was to have the three closely integrated to ensure "autonomy under one holding company." Ghosn also revealed that he wanted to have Mitsubishi Motors CEO Osamu Masuko in the talks about the integration, but Nissan CEO Hiroto Saikawa wanted to keep the talks "one-on-one". Allies of Ghosn believed some Nissan executives were worried that Ghosn's power could increase under the integration, prompting them to work with Tokyo prosecutors. A Nissan spokesman told Bloomberg that Saikawa previously refuted the notion of a coup. “Nissan’s investigation uncovered substantial and convincing evidence of misconduct,” the company said in a statement. Source: Nikkei Asian Review, Bloomberg
  21. Saying he wants to give a fresh start for the Nissan-Renault alliance, Nissan CEO Hiroto Saikawa has announced that he'll be stepping down as CEO in the coming months. In the meantime, Saikawa will be focusing on "reforming the poor governance" that weakened the Japanese automaker before leaving. Saikawa has been leading the charge of ousting former Nissan Chairman and CEO Carlos Ghosn, a bit surprising since Saikawa was a protege of Ghosn. As we reported a month ago in the rumorpile , the relationship between Saikawa and Ghosn has been strained due to the two clashing on various issues. There was talk about Ghosn ousting Saikawa during a board meeting in November, but that would not happen as Ghosn would be arrested before it. Saikawa's reign as Nissan CEO has been problematic with a number of vehicles being recalled in Japan due to improper inspections and declining sales in the U.S. Source: Bloomberg
  22. Saying he wants to give a fresh start for the Nissan-Renault alliance, Nissan CEO Hiroto Saikawa has announced that he'll be stepping down as CEO in the coming months. In the meantime, Saikawa will be focusing on "reforming the poor governance" that weakened the Japanese automaker before leaving. Saikawa has been leading the charge of ousting former Nissan Chairman and CEO Carlos Ghosn, a bit surprising since Saikawa was a protege of Ghosn. As we reported a month ago in the rumorpile , the relationship between Saikawa and Ghosn has been strained due to the two clashing on various issues. There was talk about Ghosn ousting Saikawa during a board meeting in November, but that would not happen as Ghosn would be arrested before it. Saikawa's reign as Nissan CEO has been problematic with a number of vehicles being recalled in Japan due to improper inspections and declining sales in the U.S. Source: Bloomberg View full article
  23. "Since the arrest former Nissan chairman Carlos Ghosn last month, various reports have come out revealing the strained relationship between Nissan and its alliance partner, Renault. It has also brought up questions as to whether or not Nissan decided to 'push' Ghosn out by using the misuse of corporate assets as the reason. A new report from The Wall Street Journal is only stoking those fires. Sources tell the paper that Ghosn was planning to "shake up the senior management ranks at Nissan" and told some executives that he was planning on replacing current Nissan CEO Hiroto Saikawa - his hand-picked successor. While Ghosn supported Saikawa in public, the two would clash over various problems the company was facing. This included, Problems with inspections done on JDM vehicles, prompting recalls of more than a million vehicles Declining sales in the U.S. According to one source, Ghosn wanted to oust Saikawa and planned to put it to a vote at a board meeting in November. But that would not happen as Ghosn would be arrested in early on in the month. The board would oust Ghosn at a meeting later on in the month. Some believed that Saikawa wasn't in danger. A source familiar with the relationship between the two said "their differences hadn’t reached a point where Mr. Ghosn would have contemplated removing Mr. Saikawa." Still, Saikawa's reputation is taking quite the hit. The Nikkei has learned that Saikawa had signed various documents that "spelled out payments to Ghosn after his retirement as a consultant and for agreeing not to work for or join the board of any competitor." These documents are being used as evidence to show that Ghosn deferring payments of current salaries that were not reported. While prosecutors don't believe Saikawa knew about this, his position as CEO may be questioned "for missing the opportunity to catch the improprieties." Source: The Wall Street Journal (Subscription Required), Nikkei Asian Review (Subscription Required)
  24. More bad news has hit Nissan. The automaker is planning to cut as many as many as 700 workers from their Canton, Mississippi plant - home to the Frontier, Titan, NV Van, Altima, and Murano. Lloryn Love-Carter, a Nissan spokeswoman told Bloomberg that Nissan will be eliminating one shift of Titan and Frontier, along with cutting a shift of the NV Van line. "All direct employees will retain their jobs and only contract workers will be dismissed, she said by phone." "When you look at where the market demand is and where we are seeing sales for the next year, particularly on NV and on Titan, we are just trying to make sure our production is aligned. We feel with the single-shift pattern on vans and the two-shift pattern on the trucks that we can satisfy the market demand," said Nissan spokesman Brian Brockman to Automotive News. Brockman couldn't say how much capacity would be lost by the shift cuts. The plant has a max capacity of 450,000 vehicles. While sales of the Frontier have been going up (79,646 sold last year, up 7.1 percent), the Titan has been struggling. In 2018, sales dropped 4.7 percent to 50,459. Source: Automotive News (Subscription Required), Bloomberg View full article
  25. More bad news has hit Nissan. The automaker is planning to cut as many as many as 700 workers from their Canton, Mississippi plant - home to the Frontier, Titan, NV Van, Altima, and Murano. Lloryn Love-Carter, a Nissan spokeswoman told Bloomberg that Nissan will be eliminating one shift of Titan and Frontier, along with cutting a shift of the NV Van line. "All direct employees will retain their jobs and only contract workers will be dismissed, she said by phone." "When you look at where the market demand is and where we are seeing sales for the next year, particularly on NV and on Titan, we are just trying to make sure our production is aligned. We feel with the single-shift pattern on vans and the two-shift pattern on the trucks that we can satisfy the market demand," said Nissan spokesman Brian Brockman to Automotive News. Brockman couldn't say how much capacity would be lost by the shift cuts. The plant has a max capacity of 450,000 vehicles. While sales of the Frontier have been going up (79,646 sold last year, up 7.1 percent), the Titan has been struggling. In 2018, sales dropped 4.7 percent to 50,459. Source: Automotive News (Subscription Required), Bloomberg

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