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Nissan ZEOD RC completes 24 laps at Le Mans

Well, that's a nice start. Nissan says a test version of its ZEOD RC racecar has completed its first 24 laps at Le Mans in France. And, aside from two "small technical issues," things went swimmingly. The ZEOD (which stands for "zero emissions on demand") RC pairs a 1.5-liter, three-cylinder engine with a couple of electric motors and includes regenerative braking. The Japanese automaker first started testing the vehicle last fall. The first ZEOD prototype was unveiled at Le Mans last summer. Driven by Wolfgang Reip and Tommy Erdos, the test-version ZEOD suffered from a broken fuel pump and faulty exhaust, but still completed "large sections" of the circuit on electric power alone, so Nissan is gonna call the test run a success. The goal, of course, is to complete a single, 8.5-mile lap at Le Mans purely on electric power. Nissan will test the real version of the ZEOD this week in the UK. Satoshi Motoyama and Lucas Ordonez will drive with Reip at the actual Le Mans race. Check out Nissan's press release below, and take a look (you can cringe a bit if you want) at a really cool crash-test video of the car from last month here. Nissan ZEOD RC on track at Le Mans for the first time SILVERSTONE, UK & LE MANS, FRANCE – The Nissan ZEOD RC completed its first 24 laps of Circuit de la Sarthe with GT Academy winner Wolfgang Reip and two-time Le Mans P2 winner Tommy Erdos at the wheel. While the car was delayed with two small technical issues – a broken fuel pump issue and a broken exhaust – today's test was an important step in the development of the car that aims to complete an entire lap of Le Mans on pure electric power. "Today has been a very important step in the development of the car and what we have achieved is actually quite remarkable," said NISMO's Global Head of Brand, Marketing & Sales, Darren Cox. "We knew we were tackling a huge challenge with the goal of building a car that could complete an entire 8.5 mile lap of Le Mans on nothing but electric power. We have certainly discovered why nobody has tackled it previously. "We completed large sections of the circuit today on EV power and learned a great deal," Cox continued. "Today was about testing the systems and ensuring the transition from electric to internal combustion power was seamless. Testing at other venues is extremely valuable but there is no substitute to running here at Le Mans.

Nissan's Carlos Ghosn reportedly arrested, to be fired for financial misconduct

TOKYO — Nissan Motor Co said it was ousting Chairman Carlos Ghosn for alleged financial misconduct and Japanese media reported he been arrested, a shocking fate for a leader hailed for rescuing the company from close to bankruptcy. The Japanese automaker said Ghosn's alleged misconduct included personal use of company money and under-reporting how much he had been paid. Ghosn is also chairman and chief executive of Nissan's French partner Renault and one of the best-known figures in the global car industry, and his departure would raise question about the future of the alliance. Nissan said it launched an months-long investigation after a whistleblower tipped it off to wrongdoing by Ghosn and Representative Director Greg Kelly. "The investigation showed that over many years both Ghosn and Kelly have been reporting compensation amounts in the Tokyo Stock Exchange securities report that were less than the actual amount, in order to reduce the disclosed amount of Carlos Ghosn's compensation," Nissan said in a statement. It said CEO Hiroto Saikawa would propose that the Nissan board remove Ghosn and Kelly. Neither Ghosn nor Kelly could be reached for comment. Renault shares tumbled 11 percent in Paris to be among the worst performing stocks in Europe. Nissan's German-listed securities plunged 10 percent. French President Emmanuel Macron said the government, the French carmaker's top shareholder, will be vigilant about Renault and its alliance with Nissan. Cost cutter Known as "Le Cost Killer," Ghosn is credited for reviving the Japanese automaker and has remained popular despite the massive job cuts that he brought and recent controversy over his lucrative pay package. Japanese media reported that Ghosn had reported around 10 billion yen worth of compensation as around 5 billion yen. Ousting Ghosn, 64, is bound to raise questions about an alliance that he personally shaped and had pledged to consolidate with a deeper tie-up, before eventually stepping back from its operational leadership. "The initial share price reaction shows how pivotal he is," Citi analyst Raghav Gupta-Chaudhary said on Monday. The current alliance structure has long undervalued Nissan shares held indirectly by Renault investors, he added. "Ghosn is viewed as critical for value unlock." Renault owns 43.4 percent of Nissan, while Nissan owns 15 percent of Renault, with no voting rights in a partnership that began in 1999.

2016 Nissan Leaf with 107-mile range will start at $35,050* [UPDATE]

Here we go. Without making any huge leap into a second-gen model, Nissan has upgraded the 2016 Nissan Leaf from the 2015 model with a big range increase and a more durable battery. According to the new EPA numbers, the new Leaf will go 107 miles from a 30-kWh battery pack. That's going to get people's attention, since the current Leaf has an 84-mile range from a 24-kWh pack. You will still be able to get an 84-mile Leaf in the 2016 model year, since Nissan is keeping the S trim level with the lower, 24-kWh pack size. If you opt for the more expensive SV or SL trims, then you'll not only get the 27-percent greater range, but also a battery pack that is slightly heavier (by 46 pounds) and has more modules (eight vs. four) but the same number of cells. The two packs are the same size. In the end, the EPA rates the 30-kWh with 124 city, 101 highway and 112 combined MPGe fuel economy, while the S trim keeps the 126 city, 101 highway and 114 combined MPGe of the 2015 models. All the new 2016 Leafs keep the same 80-kW AC synchronous motor from earlier models. It still offers 107 horsepower and 187 pound-feet of torque. Prices for the new Leaf start at $35,050 for the Leaf SV (up from $32,950 for the 2015), $37,640 for the Leaf SL (up from $35,970) and $28,060 for the Leaf S (no change from 2015). All prices include $850 delivery charge but not the potential federal tax incentive of $7,500. The 2016's exterior is virtually identical to the 2015, aside from some new colors with names like Forged Bronze, Coulis Red and Deep Blue Pearl. Nissan is offering a few upgrades on the inside, though. There's a new graphic interface display on the 7-inch color screen (5-inch on the S trim) and a new "beam forming microphone" that should make the car's voice recognition better. The information that is displayed on the screen has also changed, with the charging screen info being updated every 12 miles. Given that some (but not all) of the rumors of this Leaf range bump turned out to be true, what do you all think of the talk of a 250-mile Leaf in about three years? UPDATE: The original headline quoted the price of the SL model instead of the less expensive SV, and has now been changed to accurately reflect the starting price of the SV. Both SL and SV come standard with the new 30 kWh battery, while the S model comes standard with the smaller 24 kWh pack. Thanks to those who pointed out this discrepancy!