2011 Mitsubishi Evolution Gsr - Brembo Brakes - Low Miles!! Extra Clean!! on 2040-cars

Auto blog

'Zero' chance of Renault taking over Nissan, Mitsubishi, says Ghosn

TOKYO — Renault SA absorbing Nissan Motor Co. and Mitsubishi Motors Corp is not an option as the carmakers look to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn said on Friday. "Anybody who will ask Nissan and Mitsubishi to become wholly owned subsidiaries of Renault has zero chance of getting a result," Ghosn told shareholders of Mitsubishi Motors at a meeting. He also serves as chief executive of France's Renault. The alliance was the world's top-selling passenger vehicle maker in 2017, but as the global auto industry consolidates, it is looking to strengthen its position before the 64-year-old Ghosn, its main architect, retires in the coming years after overseeing the partnership for nearly 20 years. We reported in March that the carmakers were discussing a deeper tie-up, which could see the French government, a major shareholder in Renault, give up influence at Renault and the French carmaker relinquish control over Nissan. The three automakers have a unique partnership designed to leverage their combined scale to save on costs including R&D, parts procurement and production to better compete with rivals Volkswagen AG and Toyota Motor Corp. They are also interlinked by their shareholding structure. Renault holds 43.4 percent of shares in Nissan, while Nissan owns 15 percent of Renault, with no voting rights in a partnership that began in 1999. Mitsubishi Motors joined the alliance in 2016 after Nissan took a 34 percent controlling stake in the smaller automaker. Nissan CEO Hiroto Saikawa has said the alliance is not discussing a "full merger." Ghosn said that while the focus of the alliance was to sell more cars and increase profitability by reducing unnecessary duplication of processes, he wanted each of the three automakers to maintain their independence, which differentiated the group from Toyota and Volkswagen. "We need to work together ... to find a system by which what we have today, which is working very well, can continue in the future no matter who is leading the alliance," he said. "We need to prove that this is sustainable five years down the road, 10 years down the road, 15 years down the road." In a Figaro interview published last week, Ghosn was upbeat about the prospect of securing a new deal for the alliance despite its extreme political sensitivity in France and Japan, saying a plan would need to be announced "well before" the end of his four-year term at the helm of Renault in 2022.

Carlos Ghosn to make first public appearance in seven weeks on Tuesday

Ousted Nissan chairman Carlos Ghosn is set to make his first public appearance in seven weeks at a Tokyo court on Tuesday after he requested an open hearing to hear the reason for his continued detention. Ghosn has been held in a detention center since his Nov. 19 arrest on allegations of financial misconduct, which was followed by re-arrests over further allegations. The hearing will take place at 10:30 local time (0130 GMT) on Jan. 8, the Tokyo District Court said on Friday. The reason behind the timing of Ghosn's request was not clear. Earlier this week, the court approved an extension to Ghosn's detention until Jan. 11, after re-arrest by prosecutors who accuse him of aggravated breach of trust in transferring personal investment losses to Nissan. Those allegations center on the use of company funds to pay a Saudi businessman who is believed to have helped him out of financial difficulties, sources said last week. According to an article from The New York Times, Ghosn and his family assert that he is innocent. In remarks Ghosn made while under detention in Japan, he is reported to have said through his lawyer, "I want to have my position heard and restore my honor in court." Former Nissan executive Greg Kelly, who has been charged with conspiring to under-report Ghosn's income, has been released on bail after the court ruled against extending his detention while he awaits trial. Ghosn's arrest was followed by his removal from roles at Nissan and Mitsubishi. The case has rocked the auto industry and strained Nissan's ties with French partner Renault where Ghosn still remains chairman and chief executive. Renault has launched a search for an interim chief to fill Ghosn's roll at the French company as he deals with these legal cases in Japan. The arrest has also put some of the practices of Japan's criminal justice system under international scrutiny, including keeping suspects in detention for long periods and prohibiting defense lawyers from being present during interrogations. (Reuters contributed to this report.)Related Video:

Junkyard Gem: 2001 Mitsubishi Eclipse GT coupe

2001 was an eventful year for sport compacts, with "The Fast and the Furious" hitting the big screen and the "spider eye" Acura Integra entering its final model year. Mitsubishi Motors North America had released a new version of the Eclipse the year before, bigger and more luxurious than its predecessors; today's Junkyard Gem is one of those third-generation Eclipses, the fastest and most furious version available in 2001: a GT coupe with V6 engine and five-speed manual transmission, found in a Colorado Springs boneyard recently. Named for a 17th-century racehorse, the Eclipse (not to be confused with the present-day Eclipse Cross) began life in the 1990 model year as a Galant-based liftback coupe built in partnership with Chrysler at the new Diamond-Star Motors plant in Normal, Illinois (where Rivians are born today). Chrysler sold its own versions of the Eclipse for a while, with the Plymouth Laser produced through 1994 and the Eagle Talon surviving until the Eagle brand's demise in 1998. By the time this car was built, its closest relatives were the Galant, the Chrysler Sebring coupe and the Dodge Stratus coupe. The MSRP for the GT Coupe was $20,947, or about $35,789 in 2023 dollars. You could get a brand-new Integra GS-R for $22,300 ($38,101 today) in 2001, while the Dodge Neon ACR listed at just $13,845 ($23,655 now). This car was quite a bit more powerful than the 170-horsepower Integra GS-R, with this 3.0-liter 6G72 V6 and its 210 horses under the hood. The workhorse 6G72 went into far too many Mitsubishi, Chrysler and Hyundai vehicles to list here; highlights include the Chrysler TC by Maserati, the Chrysler LeBaron, the Mitsubishi Montero/Dodge Raider, the Mitsubishi Diamante and the Mitsubishi 3000GT/Dodge Stealth. This car has the five-speed manual transmission, as is proper. Buyers who insisted on the four-speed automatic had to shell out an extra grand, or $1,709 after inflation. This car appears to have been in decent cosmetic condition when it arrived at its final parking spot. These stickers were mandatory equipment on Eclipses during the 2000s. Likewise with multiple-bolt-pattern aftermarket wheels. This generation of Eclipse stayed in production through 2004, with its successor continuing to be sold through 2012. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.