News & ReviewsLast 7 days
Car Advice

Nissan, Ghosn, Kelly indicted over under-reported pay

Prosecutors in Tokyo have indicted Carlos Ghosn, Greg Kelly and Nissan for under-reporting Ghosn's pay in official filings. According to NHK and other Japanese news outlets, prosecutors allege Ghosn's compensation package was understated by up to ¥5 billion ($60 million) over the five-year period ending in the 2014 Japanese financial year...

Renault Sport Performance Parts announced in Europe

Renault Sport Europe has revealed a range of performance-oriented parts for the Clio RS, as the first step towards a catalogue of style- and race-focused pieces for the entire RS garage. The parts will be launched under the RS Performance badge, with the initial offerings falling into two baskets: a line of accessories for track days, and a range of non-car accessories like clothing and workshop parts...

2019 Renault Captur spied again

The next-generation Renault Captur has been snapped again by spy photographers, ahead of an anticipated reveal sometime next year. With the small crossover segment booming worldwide, Renault would be more than keen to put its best foot forward with the Captur, which will be built around the same platform as the next-gen Clio...

Ghosn may have hidden $95 million in pay from Nissan - reports

When Carlos Ghosn was arrested a few weeks ago, he was accused by Nissan of under-reporting his income in official stock exchange filings. Now details are beginning to emerge of just how he managed it. Various reports have suggested Ghosn hid between ¥5 and ¥9.5 billion ($60 to $110 million), with Bloomberg estimating a figure around $95 million...

Renault, Nissan, Mitsubishi CEOs to share top job at Alliance

The chiefs of the Renault, Nissan and Mitsubishi have agreed to share the role of CEO of the Alliance. Hiroto Saikawa, CEO of Nissan, told Bloomberg and other news outlets after a meeting of the Alliance's board in Amsterdam: “We were able to confirm that the three of us would take the lead, which was excellent"...

Renault-Nissan leaders to meet over Ghosn's ousting - report

Renault and Nissan will meet to ward off the potential of a power struggle within their alliance, following last week's sensational arrest of chairman and CEO, Carlos Ghosn. The executive, who until last week was one of the highest paid, most respected figures in the automotive world, is accused of under-reporting his income on the Japanese stock exchange, and misusing company funds to the tune of AU$62 million...

Nissan removes Carlos Ghosn as chairman

Nissan has confirmed Carlos Ghosn has been removed by the board as company chairman. Ghosn and his co-accused, Greg Kelly, have also been removed as representative directors. We understand, however, both men remain on the company's board as directors, as they can only be forcibly removed at a shareholder meeting...

Ghosn was planning Renault Nissan merger before arrest - report

Prior to his sensational arrest earlier this week, Carlos Ghosn was reportedly working on a merger between Renault and Nissan. Sources close to Nissan's board have told the Financial Times Ghosn was attempting to engineer a merger in order to make the partnership between the two companies "irreversible"...

Nissan money secretly used to buy houses for former CEO - report

Reports from Japan indicate Carlos Ghosn, current chairman of Nissan and its former CEO, was arrested on-board his private jet. Sources have told NHK funds from Nissan and its affiliates were used to purchase and renovate luxury homes for Ghosn's personal use in Paris, Amsterdam, Rio de Janeiro, and Beirut...

Renault boosts LCV warranty to unlimited kilometres

Renault has extended its light-commercial vehicle warranty to unlimited kilometres, instead of the existing 200,000km cap. The new warranty term applies to all new vehicles sold after November 1, 2018. Although the kilometre cap has been lifted, the three-year term remains. It applies to the compact Kangoo, the mid-size Trafic, and the large Master...

Nissan CEO denies 'coup d'etat' against Ghosn, talks about his 'negative impact'

During an extraordinary hour-and-a-half long press conference, Hiroto Saikawa, CEO of Nissan, talked candidly as he could about the events leading to Carlos Ghosn's arrest, and his influence on the company. In a spartan room, notable for the complete lack of Nissan branding, Saikawa read from notes for over 20 minutes, repeatedly stating the danger of concentrating too much power in one individual and referencing Ghosn's "long regime"...