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Mitsubishi News - Page 13

Carlos Ghosn claims he was arrested to thwart merger with Renault

In a short interview with The Nikkei, Carlos Ghosn said he has "no doubt" his arrest was part of a "plot" hatched by Nissan executives to kill a potential merger with Renault and Mitsubishi. Ghosn told the newspaper "there was a plan to integrate" Renault, Nissan and Mitsubishi Motors, and claims he'd discussed these plans with Nissan CEO Hiroto Saikawa...

Mitsubishi Engelberg concept teased

Named after an alpine resort and town almost smack-bang in the middle of Switzerland, the Mitsubishi Engelberg will be some sort of electrified crossover concept. We don't know if the Engelberg will be a pure-electric vehicle or a plug-in hybrid. Mitsubishi says the car will bring "further developments in SUV styling and practicality along with a focus on next-generation technology and enhanced EV performance"...

Carlos Ghosn: Charting his rise and fall

Carlos Ghosn was born in 1954 in Porto Velho, a Brazilian city on the fringe of the Amazon rainforest. In his autobiography "Shift", Ghosn recounts his grandfather, a member of the Maronite minority, moving to Brazil from Lebanon to escape the crumbling Ottoman Empire and, eventually, running several companies...

Takata: Car companies call for rego ban on 1.3 million vehicles with faulty airbags

Car companies are calling for registration bans to be expanded to include the remaining 1.3 million vehicles equipped with dodgy Takata airbags – in addition to 12,000 currently under a compulsory recall – because tens of thousands of customers are refusing to have them fixed...

Nissan CEO plans to step down

In a late night press conference in Tokyo, Hiroto Saikawa, CEO of Nissan, told reporters, including those from Bloomberg and The Wall Street Journal, he "would like to complete my responsibilities as quickly as possible and pass the baton on to the next leader". Saikawa stated he will concentrate on overhauling the company's governance structures...

Ghosn gone: Jailed executive resigns from Renault

Carlos Ghosn, the man who once headed up Renault, Nissan and Mitsubishi Motors, has decided to quit as the chairman and CEO of Renault. After a meeting of its board of directors, Renault has appointed Thierry Bolloré as the company's new permanent CEO. Bolloré was elevated from chief operating officer to interim CEO after Ghosn was arrested in Japan in November 2018...

Who's making utes for whom?

Car companies have been sharing development costs for years, so it’s hardly shocking to see them doing the same with pickups/utes. For one, we’ve just seen Ford and Volkswagen announce the co-development of the next-generation Ranger and Amarok, due for market launch in 2022. Isuzu and Mazda are also sharing costs on the next D-Max/BT-50...

2019 Mitsubishi Pajero Sport spied

The updated 2019 Mitsubishi Pajero Sport has been captured in the wild – wearing camouflage, naturally – ahead of its Australian launch before the end of this year. It doesn’t take a Rhodes Scholar to see the revised frontal design of Mitsubishi’s large SUV rival to the Ford Everest and Isuzu MU-X borrows from the revised Triton ute launched at the end of last year, with which it shares a platform and engine...

VFACTS: Six brands that managed bumper 2018 sales

Much of the talk around Australia’s 2018 new vehicle sales results centred around the 3 per cent decline in volume over 2017’s record tally. However, it’s not all doom and gloom out there despite regulations in the financial sector, the ongoing drought, and reduced house prices in major population centres...

Carlos Ghosn makes first court appearance since arrest

Carlos Ghosn, the former CEO of Nissan, has appeared in court for the first time after his arrest in Japan. Ghosn was arrested on November 19, 2018 after he was accused by Nissan of a number of misdemeanours during his time at the automaker. He has been formally charged for under reporting his income by over $100 million, shifting his currency trading losses to his employer, and misusing company funds...

Accused Nissan executive released on bail, Ghosn remains in custody

Greg Kelly, the man accused of helping former Nissan CEO Carlos Ghosn understate his salary by around $100 million, was released from the Tokyo Detention Centre on Christmas Day. According to Reuters he was released after his family posted bail of ¥70 million ($880,000). He was photographed being taken from the jail in a taxi at around 10...