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Now Mitsubishi Motors has ousted Carlos Ghosn, days after Nissan firing
Mon, Nov 26 2018TOKYO — Mitsubishi Motors said on Monday its board removed Carlos Ghosn from his role as chairman, following his arrest and ouster from alliance partner Nissan last week for alleged financial misconduct. Ghosn's sacking in a unanimous board vote marks the end of his chairmanship of Japanese automakers, just two years after he was praised for bringing a steadying hand to Mitsubishi Motors following a cheating scandal in 2016. CEO Osamu Masuko will become temporary chairman, the automaker said. "Ghosn has lost the confidence of Nissan" and it is "difficult for him to fulfill his duties," spurring the dismissal, Mitsubishi Motors said in a statement. Nissan holds a controlling 34 percent stake in Mitsubishi Motors and has two executives on the board. The move comes amid discontent over French partner Renault SA's role in the 19-year Franco-Japanese alliance of which Ghosn was the driving force. Sealed in 1999 when Nissan was rescued from near-bankruptcy, it was enlarged in 2016 to include Mitsubishi and enabled the members to jointly develop products and control costs. The alliance vies with Volkswagen AG and Toyota for the ranking of the world's biggest automaker. Even as Nissan has recovered and grown rapidly, it remains a junior partner in the shareholding structure. Renault owns 43 percent of Nissan and the Japanese automaker holds a 15 percent non-voting stake in the French firm. And Nissan is almost 60 percent bigger than Renault by sales. Top alliance executives are meeting this week in Amsterdam, aiming to shield their joint operations from the fallout of Ghosn's arrest as a power struggle between Nissan and Renault looms. Renault has refrained from firing him as chairman and CEO. Mitsubishi Motors already had plans to discuss its position in the alliance with Ghosn and, following the ouster, it needs to consider focusing on regions and technology where it can retain competitiveness, CEO Masuko told reporters after the board meeting. Cooperation among alliance members is needed amid the rise of new technology like automated and internet-connected vehicles, he said. Nissan CEO Hiroto Saikawa told staff on Monday that power was too concentrated with Ghosn and that in future better communication between alliance board members and executives would help preserve independence and generate synergies among the automakers, a Nissan spokesman said.
2023 Japan Mobility Show Mega Photo Gallery: All the highlights and reveals from Tokyo
Fri, Oct 27 2023The 2023 Japan Mobility Show managed to serve up a surprise heap of exciting and futuristic designs and production reveals. Our staff was on the ground in Tokyo for this year's show, where we captured not just all of the latest automotive trends, but some genuinely weird and fascinating stuff. Browse: Some Delightful Oddities of the 2023 Japan Mobility Show But on to the cars. This year's show featured introductions from Daihatsu, Honda, Lexus, Mazda, Mitsubishi, Nissan, Subaru, Suzuki and Toyota. Some are weird; some are wild; most are probably destined to change significantly before production or merely fade into the void with the rest of the industry's vaporware, but if even a few of these make it to showrooms, we'll consider it a win. Scroll on down for our live galleries of each of the show's major debuts (and cars we're only now seeing in person for the first time). Enjoy!  BMW X2 and iX2 BMW X2 View 6 Photos  Daihatsu me:MO Concept Daihatsu me:MO concept View 14 Photos  Daihatsu Vision Copen Concept Daihatsu Vision Copen View 7 Photos  Daihatsu Osanpo Concept Daihatsu Osanpo View 6 Photos  Daihatsu Uniform Concept Daihatsu Uniform concept View 6 Photos  Honda Prelude Concept Honda Prelude concept View 5 Photos  Honda Sustania-C and Pocket Concepts Honda Sustania-C and Pocket Concept View 8 Photos  Honda CI-MEV Concept Honda CI-MEV View 3 Photos  Infiniti Vision Qe Concept Infiniti Qe concept View 14 Photos  Lexus LF-ZC Lexus LF-ZC View 8 Photos  Lexus LF-ZL Lexus LF-ZL View 10 Photos  Mazda Iconic SP Mazda Iconic SP concept View 8 Photos  Mitsubishi D:X Concept Mitsubishi D:X Concept View 8 Photos  Nissan Hyper Force Concept Nissan Hyper Force concept View 11 Photos  Nissan Hyper Tourer Concept Nissan Hyper Tourer concept View 6 Photos  Nissan Hyper Punk Concept IMG_6533 copy View 8 Photos  Subaru Sport Mobility Concept Subaru Sport Mobility Concept View 7 Photos  Suzuki Swift Suzuki Swift View 5 Photos  Suzuki eWX Suzuki eWX Concept View 3 Photos  Suzuki eVX Suzuki eVX concept View 4 Photos  Toyota Land Cruiser Se Concept Toyota Land Cruiser Se concept View 4 Photos  Toyota FT-3e Concept Toyota FT-3e View 6 Photos  Toyota FT-Se Concept Toyota FT-Se View 7 Photos   Tokyo Motor Show Honda Infiniti Lexus Mazda Mitsubishi Nissan Subaru Suzuki Toyota
Nissan raises base GT-R price to $101,770 for 2014
Tue, 21 Jan 2014Nissan has announced a few pricing tweaks for the 2015 GT-R, one of which pushes the most basic variant past $100,000 for the first time. The 2014 cost of entry was $99,590, while the 2015 GT-R starts at $101,770.
The GT-R Black Edition, meanwhile, will demand $111,510, up from 2014's $109,300. The GT-R Track Edition retains the $115,710 asking price of the 2014 car. The price increases on the base and Black Edition come with some additional goodies that should soften the blow to pocketbooks, including a retuned suspension that promises a "more sophisticated ride," while LED headlights come standard. Bose Active Noise Cancellation has also been added to the 2015 GT-R, as has a new interior color option on the base model. For a full rundown of new goodies on the GT-R, check out our original post on the 2015 vintage.
Interestingly, the destination charge for the 2015 GT-R has climbed dramatically, from 2014's $1,000 to $1,595 for the latest car. We've reached out to Nissan to see why there was such a big increase, and will update as soon as we have an update.