Former Nissan executive Greg Kelly on Tuesday pleaded not guilty to charges he helped former Nissan’s boss Carlos Ghosn under-report income as his trial started in Tokyo, Japan. “I deny the allegations. I was not involved in a criminal conspiracy,” Kelly said in the court, according to a court pool report. A spokesperson from Nissan, […]
Nissan
Nissan Motor to issue $8 billion in dollar-denominated debt
Japanese Nissan Motor will issue $8 billion in dollar-denominated debt and is thinking about euro-denominated bonds, it said on Friday, as the troubled automaker looks to diversify its funding. The bond sale is its first dollar-denominated issuance since its tie-up with French automaker Renault SA in 1999, a Nissan spokesperson said. It comes as investors have […]
Renault to develop, build next-generation Nissan Micra
French automaker Renault will develop and assemble the next generation of partner Nissan’s Micra models, a senior executive at the Japanese automaker said, as the two companies try to rework their alliance with tighter cooperation in production. Ashwani Gupta, Nissan’s chief operating officer, said in an interview with France’s Le Monde newspaper published on Monday […]
Japanese government exposed to 40 percent of $6.7 billion Nissan loans
The Japanese government has guaranteed most of a loan to Japanese automaker Nissan Motor from the Development Bank of Japan (DBJ), a source said, taking its guarantee to over 40% of 713 billion yen ($6.7 billion) in finance for Japan’s second-largest automaker. The hefty government guarantee suggests financial firms are cautious with regards to help […]
Ghosn’s accused escape plotters can be extradited to Japan, judge says
A U.S. judge on Friday ruled two Massachusetts men can be extradited to Japan to face charges that they helped former Nissan Motor Chairman Carlos Ghosn flee from the country while he was awaiting trial on financial misconduct. U.S. Magistrate Judge Donald Cabell in Boston turned down the arguments against extradition by U.S. Army Special […]
Nissan sales in China slow in August while Toyota, Honda surge
Japanese automaker Nissan Motor informed on Thursday its sales in China dropped 2.4% in August from a year ago, while rival Toyota Motor and Honda Motor sales increased in the world’s biggest auto market. Nissan is determined to increase sales in China as it is having a hard time to fix problems that emerged after […]
Nissan develops techniques to accelerate production of carbon fibre parts
Nissan Motor said on Thursday it has developed techniques that help accelerate production of automotive components made from carbon fibre reinforced plastics (CFRP). The techniques can slash the lead time to develop such parts by as much as half, and cycle time for molding by about 80%, compared with standard methods, the Japanese automaker said. […]
Judge skeptic about accused, who helped in Ghosn escape, in extradition fight
A U.S. judge on Friday expressed doubt about arguments by two Massachusetts men seeking to prevent extradition to Japan to face charges they helped former Nissan Motor CEO Carlos Ghosn escape the country. U.S. Army Special Forces veteran Michael Taylor and his son, Peter Taylor, were arrested in May following Japan’s request, after being accused […]
Nissan gives fully electric Leaf drivers a UEFA League Final
Nissan is bringing the electrifying experience to the UEFA Champions League Final by giving a lucky group of Nissan LEAF drivers a socially distanced game-day experience. With fans not able to attend this year’s game in person, Nissan is setting up a drive-in cinema for 50 LEAF owners, whose vehicles will be parked in team […]
U.S. judge denies bail to two men accused of helping Ghosn to escape
A U.S. district judge on Friday rejected bail to two Massachusetts men alleged of helping orchestrate former Nissan Motor CEO Carlos Ghosn’s escape from Japan. Judge Indira Talwani rejected bail for U.S. Army Special Forces veteran Michael Taylor and his son, Peter Taylor after Japan had asked for their extradition. A magistrate had also earlier […]
Japanese automakers post double-digit sales growth in China
Japanese automakers’ China sales increased by over 10% from a year earlier in July as the world’s biggest auto market showed some recovery amid coronavirus crisis. Nissan Motor said on Wednesday its sales in China increased 11.6% last month from a year ago to 120,945 vehicles. China is a market that Nissan is concentrating on […]
Former Nissan executive Greg Kelly to stand trial from September 15
The trial of Nissan Motor’s former executive Greg Kelly, who is charged with conspiring to under-report the earnings of its former chairman Carlos Ghosn, has been set to start on September 15, public broadcaster NHK said on Thursday. Former Nissan CEO Hiroto Saikawa will be one of those who will appear at the hearing at […]
Why the New High-Tech Nissan 400Z is So Cool
Hang on to your hats, Nissan fanboys and fangirls! The latest, most high-tech addition to Nissan’s celebrated Z-car family is about to drop, and it’s cooler than ever. Meet the 2021 Nissan 400z coupe! What You Need to Know About the All-New 400Z Performance The 400z is Nissan’s latest offering in an iconic line of […]
U.S. says son of Carlos Ghosn made cryptocurrency payments for escape
The son of former Nissan Motor boss Carlos Ghosn made about $500,000 in cryptocurrency payments to one of the two Massachusetts men who helped him escape from Japan, U.S. prosecutors stated in a court filing. Federal prosecutors in a filing on Wednesday said the payments went to Peter Taylor after he and his father, U.S. […]
Spain’s Industry sees ‘hope’ about Nissan Barcelona closure
Spain’s Industry minister Reyes Maroto stated on Wednesday that the government was showing progress in convincing Japanese automaker Nissan to reconsider shutting down its Barcelona plant while looking for another investor. “We’re gradually getting Nissan to realize that it’s very expensive to close that plant… It’s always best to make way for a new investor, […]
