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Carlos Ghosn, the cost cutter who cost a lot in compensation

PARIS — In his 40 years in the auto industry, the praise Carlos Ghosn has won for turning around businesses has regularly been matched by criticism over the amount he has been paid to do it. In the latest furore over his finances, Japan's Nissan Motor Co said on Monday it planned to oust Ghosn as chairman after alleging he had made personal use of company assets, among other acts of suspected misconduct. The scandal comes just five months after the 64-year-old head of the Renault-Nissan alliance narrowly won a shareholder vote at Renault over his 7.4 million euro ($8.5 million) pay package for 2017, after losing a 2016 vote. Brazilian-born, of Lebanese descent and a French citizen, Ghosn began his career in 1978 at tire maker Michelin, before moving to Renault in 1996, where he oversaw a turnaround at the French automaker that won him the nickname "Le Cost Killer." After Renault sealed an alliance with Nissan in 1999, Ghosn used similar methods to revive the ailing Japanese brand, leading to "business superstar" status in Japan, blanket media coverage and even a manga comic book on his life. As auto markets in western Europe and Japan struggled, Ghosn championed a cheap car for the masses in emerging markets and embraced the electric vehicle before many others. He also never made it a secret that he believed there were too many carmakers in the world and consolidation would continue — in 2016 he added Japan's Mitsubishi Motors to the alliance. But in recent months, attention has increasingly turned to how the complex web of cross-shareholdings between the alliance partners might be simplified to ensure it can thrive following the eventual departure of its main architect. In March, sources close to the matter told Reuters the alliance partners were discussing plans for a closer tie-up in which Nissan would acquire the bulk of the French state's 15 percent stake in Renault. With Japan's Yomiuri newspaper reporting on Monday that Ghosn had been arrested by Tokyo prosecutors on suspicion of under-reporting his salary, the alliance's plans for the future just got more pressing.Writing by Mark PotterRelated Video: Earnings/Financials Plants/Manufacturing Nissan Renault

Nissan GT-R goes 183 mph on ice in Russia

When a pair of Russian pilots wanted to set a local ice-speed record, they chose a stock Nissan GT-R for the task. Roman Rusinov, a Russian race car driver, and Andrey Leontjev, a Russian auto journalist, took Godzilla to Lake Baikal and ran it up to 294.8 kilometers per hour (182.8 miles per hour) across frozen stuff estimated to be 1.4 meters thick.
While the worldwide record of 205.48 mph was set by Juha Kankkunen in a Bentley Supersports Convertible, the mark achieved by Rusinov and Leontjev establishes a new Russian record. Well done, boys. You can watch it all go down in the video below.

Nissan teases New York-bound 2015 Murano

It was over a month ago when we received reports that Nissan would be unveiling the new Murano at the New York Auto Show next month. Now the Japanese automaker has confirmed its imminent arrival, offering up the brief teaser clip below to give us a very faint idea of what to expect.
In announcing the Murano's upcoming debut in Manhattan, the company described the Murano as "the halo vehicle for Nissan's expanding range of bold crossovers and SUVs," previewing the design that will distinguish a whole range of Nissans to follow.
Short of that, we've got little to go on, but we're expecting to see some traits from the Resonance concept of 2013 Detroit vintage finding their way onto the production version of a vehicle that has always been rather stylized from the start. Something (sales figures, perhaps?) tells us that the oddball CrossCabriolet will get lost along the way, not that we'll mind.