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Found 18 results

  1. "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
  2. "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
  3. Carlos Ghosn, the person credited with saving Nissan from total collapse and bringing it together with Renault and Mitsubishi finds himself in very hot water. Today, Ghosn was detained by Japanese authorities in Tokyo over the suspected breach of Japanese financial laws. During a press conference this morning, Nissan CEO Hiroto Saikawa explained that Ghosn under-reported his income and used corporate assets for personal use. Another executive, Greg Kelly (Nissan's director of human resources) is also involved. "The investigation showed that over many years both Ghosn and Kelly have bee
  4. Carlos Ghosn, the person credited with saving Nissan from total collapse and bringing it together with Renault and Mitsubishi finds himself in very hot water. Today, Ghosn was detained by Japanese authorities in Tokyo over the suspected breach of Japanese financial laws. During a press conference this morning, Nissan CEO Hiroto Saikawa explained that Ghosn under-reported his income and used corporate assets for personal use. Another executive, Greg Kelly (Nissan's director of human resources) is also involved. "The investigation showed that over many years both Ghosn and Kelly have bee
  5. Nissan finds itself in trouble once again as it admitted today that it had improperly measured exhaust emissions and fuel economy for 19 models sold in Japan. According to Reuters, Nissan found that test environments for emissions and fuel economy at final inspection stations didn't meet up to standards. Nissan also found that inspection reports were be based on altered measurements. The automaker was quick to point out this misconduct doesn't affect models exported to other markets "as it applies to requirements intended specifically for the Japanese market." “This is a deep and ser
  6. Nissan finds itself in trouble once again as it admitted today that it had improperly measured exhaust emissions and fuel economy for 19 models sold in Japan. According to Reuters, Nissan found that test environments for emissions and fuel economy at final inspection stations didn't meet up to standards. Nissan also found that inspection reports were be based on altered measurements. The automaker was quick to point out this misconduct doesn't affect models exported to other markets "as it applies to requirements intended specifically for the Japanese market." “This is a deep and ser
  7. Japan's manufacturing industry has been rocked by a number of scandals through the past year. It has ranged from inflating fuel economy figures, fabrication of product data, and recently, improper inspections of Japanese market vehicles by Nissan and Subaru. Now a new scandal has come to light. Subaru has revealed that it is investigating whether or not mileage readings on their vehicles were falsified during final inspection. According to Reuters, the mileage readings are used as an indicator for fuel efficiency. The company is checking to see if this data affected its official mileage r
  8. Japan's manufacturing industry has been rocked by a number of scandals through the past year. It has ranged from inflating fuel economy figures, fabrication of product data, and recently, improper inspections of Japanese market vehicles by Nissan and Subaru. Now a new scandal has come to light. Subaru has revealed that it is investigating whether or not mileage readings on their vehicles were falsified during final inspection. According to Reuters, the mileage readings are used as an indicator for fuel efficiency. The company is checking to see if this data affected its official mileage r
  9. Mitsubishi Motors brought in investigators to answer a question; why did they manipulate fuel economy figures on a number of their models? The results of the investigation were announced yesterday and it was a combination of various decisions and factors that led to it. The investigation criticized the company for "not having the manufacturing philosophy of an automaker". A key example comes from the company not rallying their workers to help them back on track after two major scandals. Instead, it was focused on cutting costs wherever it could. This caused Mitsubishi engineers to pull off
  10. Mitsubishi Motors brought in investigators to answer a question; why did they manipulate fuel economy figures on a number of their models? The results of the investigation were announced yesterday and it was a combination of various decisions and factors that led to it. The investigation criticized the company for "not having the manufacturing philosophy of an automaker". A key example comes from the company not rallying their workers to help them back on track after two major scandals. Instead, it was focused on cutting costs wherever it could. This caused Mitsubishi engineers to pull off
  11. Kenneth Feinberg is still hard at work on developing a compensation plan for TDI owners in the U.S. affected by the diesel emission scandal. But in an interview with German newspaper Frankfurter Allgemeine Sonntagszeitung, Feinberg says "there will be a generous solution." Now what that solution will end up being is unknown at this time. Part of the problem is Feinberg has his hands tied as Volkswagen and the EPA/CARB are still working on trying to figure out a fix for the 2.0L TDI engine. "..my hands are tied, while VW and the authorities do not resolve their differences. The original
  12. Kenneth Feinberg is still hard at work on developing a compensation plan for TDI owners in the U.S. affected by the diesel emission scandal. But in an interview with German newspaper Frankfurter Allgemeine Sonntagszeitung, Feinberg says "there will be a generous solution." Now what that solution will end up being is unknown at this time. Part of the problem is Feinberg has his hands tied as Volkswagen and the EPA/CARB are still working on trying to figure out a fix for the 2.0L TDI engine. "..my hands are tied, while VW and the authorities do not resolve their differences. The original
  13. The emission cheating that went back to 2006 and would land Volkswagen in deep trouble last September was an open secret in the automaker's engine development department. German newspaper Sueddeutsche Zeitung along with regional broadcasters NDR and WDR reported on Friday some of the results of Volkswagen's internal investigation into the diesel cheating scandal. The cheating goes back to 2006 at Volkswagen's engine development department. With strict U.S. emissions standards looming, the department was given an impossible task; find a cost effective solution to develop clean diesel en
  14. The emission cheating that went back to 2006 and would land Volkswagen in deep trouble last September was an open secret in the automaker's engine development department. German newspaper Sueddeutsche Zeitung along with regional broadcasters NDR and WDR reported on Friday some of the results of Volkswagen's internal investigation into the diesel cheating scandal. The cheating goes back to 2006 at Volkswagen's engine development department. With strict U.S. emissions standards looming, the department was given an impossible task; find a cost effective solution to develop clean diesel en
  15. One of the big questions coming out of the Volkswagen Diesel scandal was whether or not other automakers also manipulated emission tests. The German transport office at the moment doesn't have any evidence that says so. "At this point we have no indication of other manufacturers being involved," a spokesman for the office said at a government news conference today. Not the news Volkswagen wanted to hear as the company is beginning to feel the heat from European countries. France's prosecutors have opened a preliminary inquiry into suspected "aggravated deception" by the German automa
  16. One of the big questions coming out of the Volkswagen Diesel scandal was whether or not other automakers also manipulated emission tests. The German transport office at the moment doesn't have any evidence that says so. "At this point we have no indication of other manufacturers being involved," a spokesman for the office said at a government news conference today. Not the news Volkswagen wanted to hear as the company is beginning to feel the heat from European countries. France's prosecutors have opened a preliminary inquiry into suspected "aggravated deception" by the German automa
  17. The past week has been miserable at Volkswagen as allegations arose from the EPA that a number of models equipped with the 2.0L TDI four-cylinder were found to emit more emissions than were legally allowed in the U.S. thanks to software. Since the announcement came out last Friday, there has been a fair amount of news. Volkswagen admitted that 11 million diesel vehicles sold around the world had the software The company has set aside $7.3 billion for possible penalties and fixes EPA is looking into the 3.0L TDI V6 used in a number of Audi vehicles, Porsche Cayenne, and Volkswagen Touraeg
  18. The past week has been miserable at Volkswagen as allegations arose from the EPA that a number of models equipped with the 2.0L TDI four-cylinder were found to emit more emissions than were legally allowed in the U.S. thanks to software. Since the announcement came out last Friday, there has been a fair amount of news. Volkswagen admitted that 11 million diesel vehicles sold around the world had the software The company has set aside $7.3 billion for possible penalties and fixes EPA is looking into the 3.0L TDI V6 used in a number of Audi vehicles, Porsche Cayenne, and Volkswagen Touraeg

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