14 Stories

Ex-Nissan Boss Jumps Bail, Somehow Flees Japan

'I have escaped injustice,' Ghosn says

(Newser) - Authorities in Japan might be regretting their decision to grant bail to former Nissan and Renault chief Carlos Ghosn earlier this year. He has fled the country and is now in Lebanon, which does not extradite its citizens, the Wall Street Journal reports. It's not clear how Ghosn managed... More »

A New Auto Giant May Be Right Around the Corner

Chrysler-Renault merger would forge the world's third-largest automaker

(Newser) - Fiat Chrysler proposed on Monday to merge with France's Renault to create the world's third-biggest automaker and save billions of dollars needed to invest in the race to make new electric and autonomous vehicles, the AP reports. The merged company would reshape the global industry: It would make... More »

Ex-Nissan Boss Released on Breathtaking Bail Sum

Lawyer questions grounds for Ghosn arrest

(Newser) - The Tokyo District Court approved the release of former Nissan Chairman Carlos Ghosn on 1 billion yen—$8.9 million—bail on Tuesday, ending nearly four months of detention. The acceptance of Ghosn's request for bail, his third, came a day after one of his lawyers said he was... More »

Jailed Auto Boss Says Execs Plotted Against Him

Ghosn says he's a victim of 'treason'

(Newser) - Jailed former Nissan chairman Carlos Ghosn says he's the innocent victim of treacherous rivals at the company. In an interview with Nikkei Asian Review —his first since his Nov. 19 arrest—Ghosn said he is certain the financial misconduct charges against him are the result of "plot... More »

Nissan's Arrested Chairman Gets the Boot

Full shareholder vote needed to make ouster of Carlos Ghosn official

(Newser) - Nissan has followed up on its promise to remove Chairman Carlos Ghosn. The auto company's board voted Thursday to oust its arrested leader, accused of underreporting his income by more than $44 million , and senior executive Greg Kelly, who was allegedly involved in the scheme, per the BBC . The... More »

More Bad News for Arrested Auto Boss

Mitsubishi to ask board to remove disgraced Nissan exec Carlos Ghosn

(Newser) - About to be ejected as chairman of Nissan Motors, Carlos Ghosn's future at Mitsubishi and Renault is now very much in doubt. A day after Ghosn was arrested on suspicion of understating his Nissan income by more than $44 million , Mitsubishi said it would ask its board to "... More »

'One of World's Most Powerful Auto Bosses' Is Arrested

Nissan chair Carlos Ghosn to be removed over 'significant misconduct'

(Newser) - Nissan Motor Co. says it will move to oust chairman Carlos Ghosn after a months-long investigation uncovered "significant misconduct" including the under-reporting of his income by millions, reports the AP . The Japanese automaker says the probe was spurred by a whistleblower, and that the situation also allegedly involves Representative... More »

Future Car Accessory: A Drone?

Renault's concept car Kwid envisions 'flying companion'

(Newser) - A new Renault concept SUV comes with a buddy: a drone that soars out of a roof hatch to investigate traffic conditions or maybe off-roading hazards. Were the "flying companion," as the company calls it, to be produced, it would be about the size of a small bird,... More »

Driver Stuck in Car Going 125mph—for an Hour

Frenchman's high-speed ride ends 125 miles later, in Belgium

(Newser) - An amazing tale of survival out of France—and Belgium. Frank Lecerf's attempt to drive to the supermarket took a crazy turn on Saturday after his car's brakes failed while he was traveling 60mph. His attempts to use them only caused the car to accelerate, until it eventually... More »

'Green' Pope Gets First Electric Car

Pontiff presented with electric Kangoo

(Newser) - Pope Benedict XVI can now pootle around the grounds of his summer residence in an electric car. The pontiff—who has paid more attention to environmental issues than his predecessors—was presented with the customized white Kangoo by Renault, AP reports. The automaker has already given electric Kangoos to the... More »

Renault's Big Espionage Case Looks Like a Bust

No proof surfaces of industrial spying

(Newser) - Renault's bombshell allegation in January that three of its own executives were selling electric car secrets, maybe to the Chinese, is looking like a dud, the Wall Street Journal reports. Two months into the investigation (which the newspaper says is reminiscent of the work of the "Keystone Kops"),... More »

Renault May Acquire Saturn; Chinese Firm Bids for Saab

GM courts foreign buyers in fire sale

(Newser) - Renault is in talks with General Motors about acquiring its Saturn brand, the Wall Street Journal reports. Demonstrating the considerable foreign interest in GM divisions, China’s Geely Automobile Holdings has submitted a bid for Saab. GM is looking to cut unprofitable units ahead of a June 1 restructuring deadline.... More »

Germany's Scheme to Scrap Cars Sparks Sales Explosion

Sales mostly go to small cars

(Newser) - Automakers are running out of gas all over the world—except in Germany. Volkswagen expects to have its best February ever, selling 120,000 cars, while GM subsidiary Opel has sold 40,000, its best month in 5 years, Der Spiegel reports. It’s all thanks to the scrapping bonus,... More »

Hybrid Trucks Get Stuck in Neutral

Technology remains too expensive, leading to low demand, higher prices

(Newser) - Hybrid truck sales are sputtering because the technology is too expensive, and companies ordering vehicle fleets won’t pay extra for environmental benefits alone. But without bulk orders, economies of scale aren’t kicking in. One truck company president says government tax breaks or subsidies are needed to boost hybrid... More »

14 Stories
Popular on Newser
We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.