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French investigators will question Carlos Ghosn in Lebanon

BEIRUT — A team of French investigators will come to Beirut next month to participate in interrogating former Renault-Nissan boss Carlos Ghosn, a Lebanese justice ministry official said Saturday. The official gave no specific date or details of what information the investigators would seek from Ghosn. Former auto executive Ghosn, who is a Lebanese, Brazilian and French national, fled Japan in a dramatic escape that drew headlines last year, arriving in Lebanon on Dec. 30, 2019. In addition to his trial in Japan, the 66-year-old businessman is facing a number of legal challenges in France, including tax evasion and alleged money laundering, fraud and misuse of company assets while at the helm of the Renault-Nissan alliance. The Lebanese official, speaking on condition of anonymity in line with regulations, said the French investigators would be working alongside their Lebanese counterparts. Information about investigations is secret under French law, and French judicial officials did not respond to requests for comment Saturday on the report. After leading the Japanese automaker Nissan for two decades, Ghosn was arrested in Japan in November 2018 on charges of breach of trust, misusing company assets for personal gains and violating securities laws by not fully disclosing his compensation. He denied wrongdoing and fled Japan while out on bail awaiting trial. He is unlikely to be extradited from Lebanon, where he has been since last year. At least two Ghosn-related investigations were opened in France. One focused on suspicious transactions between Renault and a distributor in Oman, as well as suspected payments for private trips and events paid by Renault-NissanÂ’s Netherlands-based holding company RNBV. Another investigation focused on suspected misuse of company funds for a party for Ghosn at Versailles. The French inquiry aims to determine who is at fault for a string of alleged financial violations between 2009 and 2020. That includes “suspicious financial flows” between Renault and the SBA car dealership in Oman. This aspect of the inquiry is targeting several million euros of travel and other costs paid by the Netherlands-based Renault-Nissan holding RNBV but suspected to have been for GhosnÂ’s personal use. GhosnÂ’s French lawyers have said the payments to SBA were “justified bonuses” for having boosted car sales in the Persian Gulf and denied allegations that the funds benefited Ghosn or his family personally.

Scrapyard Gem: 2008 Mitsubishi i

YORK, England — The mainstream EV is still a bit too young to be easy to find in the car graveyards I frequent (though I have documented a few, including Toyota's RAV4-based competitor to the GM EV1), but I remain hopeful that I'll run across a discarded Mitsubishi i-MiEV during my junkyard travels. This might be difficult, since Mitsubishi sold just over 2,000 examples of the short-range electrified kei car in the United States before discontinuing its sale here in 2016. However, I managed to find one of the i-MiEV's gasoline-fueled brethren in a knacker's yard across the Atlantic: a Mitsubishi i. Yes, I traveled to Northern England in January with the primary goal of visiting one of only two American-style self-service scrapyards in Great Britain (that's what they call them over here): the U-Pull-It in York, which is owned by Dallas-based Copart. You'll be seeing many interesting discarded vehicles from that all-too-brief trip, so be sure to check in here regularly. The i (there ought to be an international treaty forbidding the use of a single lower-case letter as the designation for a vehicle model, as well as vehicles with punctuation marks in their names) was built from the 2006 through 2013 model years. Supposedly its name refers to the pronunciation for the Japanese word for "love." In order to meet kei standards in its homeland, it was fitted with a rear-mounted engine displacing just 0.659 liters. It appears that the internal-combustion-powered i was built only in right-hand-drive configuration, so Mitsubishi limited exports to drive-on-the-left places such as Hong Kong, Singapore and the United Kingdom. The MSRP for a new 2008 i in the UK was GBP9,084, or about GBP14,173 after inflation (that's about $17,992 in 2024 dollars). It seems that the i was just too weird-looking and too slow to appeal to many British car shoppers. Today's Junkyard Scrapyard Gem was one of a mere 303 examples of the Mitsubishi i exported to Europe. The i was available only with a four-speed automatic transmission. The engine compartment refused to open, and I grew tired of beating up my frozen fingers trying to force it open in the 29°F chill of North Yorkshire on a January morning Â… so here's the best shot of the turbocharged DOHC three-banger I was able to get.

Nissan and Renault shelve merger plans, will repair their alliance

Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters. Nissan has long resisted Renault's proposals for a full-blown merger as executives felt the French carmaker was not paying its fair share for the engineering work it did in Japan, sowing discord that some feared could wreck the partnership. Now, with carmakers around the world reeling from the pandemic, the partners are planning to overhaul an alliance that largely failed to convert its global scale into a competitive advantage beyond the joint procurement of parts. Both struggling carmakers are set to announce mid-term restructuring plans this week that will serve as a peace treaty designed to resolve the long-standing tensions, five people familiar with the overhaul told Reuters. "After the rain, the earth hardens," said one senior Nissan source, citing a popular Japanese proverb that means relationships become stronger after a period of strife. All five sources within the alliance, which also includes Mitsubishi, declined to be named because they are not authorized to speak with media. Nissan and Renault are each planning substantial restructuring and cost cuts that could affect tens of thousands of jobs, with the Japanese company to announce its measures on May 28 and its French partner likely to follow the next day. Before that, Mitsubishi, Nissan and Renault are holding a joint news conference on May 27 during which they are expected to outline the philosophy behind their new "leader-follower" approach to the alliance. The sources said the companies were unlikely to disclose many details at the events this week of how the new approach will be used to share costs as the companies were still working on specific projects. However, the crisis at both carmakers has accelerated efforts to resolve the disagreements that have stymied collaboration and cost-sharing in technology and product development for five years, the sources said. Mitsubishi, Nissan and Renault all declined to comment officially about alliance plans. 'Leader-follower' The alliance has steadily ramped up output over the years, delivering over 10 million vehicles for the first time in 2017, the first full year after Mitsubishi joined the partnership.