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Ghosn hedges Nissan's 2020 autonomous deadline

Three years ago, Nissan was one of the first companies to promise a hands-free autonomous car by 2020. According Nissan Chairman and CEO Carlos Ghosn, when and how much we'll be able to take our hands off the wheel depends on more than just the components in the car. At a press conference during this year's Frankfurt Motor Show, the head of the Renault-Nissan Alliance said, "No matter how fast the technology develops, the autonomous cars are very dependent on the regulation." Basically Ghosn is saying that Nissan will be ready, but the laws allowing hands-free driving might not be so prompt. "You can build a lot of autonomy, but if the consumer or the driver cannot enjoy it because he still has to have his hands on the wheel, he still has to have his eyes on the road, it just puts cost in the car without the benefit," said Ghosn. The overall tone of Ghosn's comments was that Nissan is ready for autonomous driving, but without clear laws there could be no point in offering the technology to consumers. Ghosn also clarified what autonomous driving means in Nissan terms, clarifying a statement last year where he said a consumer product is still a long way off. The company's three-step plan begins next year, "where you can be on the highway as long as you don't change lanes and you can be in autonomous mode." Then in 2018, these systems will be able to change lanes without human intervention. For the final step in 2020, "We're going to have cars capable in the city and on the highway to make more complicated operations [in an] autonomous way," said Ghosn. "That's why I think when you talk about autonomous cars, we have to be much more specific about what kind of autonomy are we talking about... but we maintain our forecast that is going to come in different waves, and we define our waves by the functionality of autonomy in our cars [in] '16, '18, '20." That said, don't skip your driver's license renewal five years from now. According to Ghosn, you won't see a Nissan without a steering wheel. That's both Nissan's goal, and the company's way around the lack of regulation on driverless cars. "Frankly, a car without a driver is not our priority... There is a driver, and we are putting some functions into the car, allowing the driver to drive when they want, and to stop driving when they want... These are the same pieces of technology, which in addition to others, can lead you to the car without the driver.

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.

2020 Chevy Corvette Stingray vs the world: How it compares on paper

The 2020 Chevy Corvette Stingray in its base form offers an astonishing amount of performance for the money. In fact, so impressive is the car's spec sheet that the Corvette kind of exists in two different competitive sets: one of cars priced similarly, and another with cars of similar performance and reputation. To get a feel for how it handles each of these segments, we've compiled specifications for those two sets of players. You can find the first set below, which looks at cars of roughly the same price point. Following that is a bit of analysis, and then there's a chart of cars with similar performance and reputation. And that chart will also have some analysis. Though final pricing for the Corvette hasn't been announced yet, we know the Corvette will start at less than $60,000. And as far as pricing goes, its closest competitor is the Porsche 718 Cayman, which also starts at just under $60,000. Both are mid-engined and rear-drive, but the Corvette offers an extra 195 horsepower and 190 pound-feet of torque. The Cayman does boast a curb weight of right around 3,000 pounds, so it weighs a few hundred pounds less than the Corvette, but it's likely not enough to make up for the power deficit. The Corvette's sub-3.0-second 0-60 time bears this out against the Cayman's best 4.5-second run. Impressively, though, the Cayman has more cargo space than the Corvette in a package that's nearly 10 inches shorter. The Cayman also still offers a manual option for those that prefer self-shifting. The 2020 Toyota Supra is on the cheap end of this sports car class, just crossing $50,000. It also boasts more power than the Cayman, though it's still down by 160 ponies and 105 pound-feet of torque to the C8. It's also about as roomy as the Corvette, despite being about the same size as the Cayman. Cargo space is a bit tighter. Its driving characteristics will likely differ, too as the Supra sits on a front-engine platform. It might even feel closer to a C7 Corvette in some ways. The other mid-engine entry in this price range is the 2019 Alfa Romeo 4C Spider. Its small 1.7-liter turbo inline-4 only makes 237 horsepower and 258 pound-feet of torque, but it's also far and away the lightest of this group at 2,487 pounds. That's roughly 1,000 pounds lighter than the Corvette. It isn't as fast as the Corvette in a straight line, but that lightness surely pays dividends in cornering and braking.