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Nissan CEO Hiroto Saikawa resigns, successor to be named

YOKOHAMA, Japan — Nissan Chief Executive Hiroto Saikawa tendered his resignation Monday after acknowledging that he had received dubious income and vowed to pass the leadership of the Japanese automaker to a new generation. Board member Yasushi Kimura told reporters at an evening news conference at company headquarters in Yokohama that the board has approved Saikawa's resignation, effective Sept. 16, and a successor will be appointed next month. A search is underway, he added. Calls for Saikawa's resignation, which arose after the arrest last year of his predecessor, Carlos Ghosn, on various financial misconduct allegations, have grown louder after Saikawa acknowledged last week that he had received dubious payments. The income was linked to the stock price of Nissan Motor Co., and he has said his pay got inflated by illicitly adjusting the date for cashing in. The automaker's board met to look into the allegations against Saikawa, as well as other issues related to Ghosn's allegations and corporate ethics at the company. Kimura said the income Saikawa had received was confirmed as "not illegal." Ghosn, who is out on bail and awaiting trial, says he's innocent. Kimura and three other board members, who all have backgrounds outside the company, said their investigation of the scandal over Ghosn's arrest found that alleged misconduct by Ghosn and Greg Kelly, a former board member who was also arrested, had caused 35 billion yen ($350 million) in damage to the company. Nissan will seek a repayment of the damages, Kimura said. The board said about 10 candidates are being considered as a replacement for Saikawa. They did not identify them, but said outsiders and non-Japanese are on the list. Until a successor is decided, Chief Operating Officer Yasuhiro Yamauchi will serve as interim chief, the board said. Saikawa has not been charged. "I have been trying to do what needs to be done so that I can pass the baton over as soon as possible," he told reporters earlier in the day, referring to his willingness to leave his job. Saikawa did not appear at the news conference initially, but the four board members who led the event said he would later. Saikawa has said he didn't know about the improprieties, promised to return the money and blamed the system he said Ghosn had created at Nissan for the dubious payments. Japanese media reports said Saikawa had received tens of millions of yen (hundreds of thousands of dollars) in extra compensation.

Infiniti hybrid sports car coming by 2016 after all?

Infiniti makes plenty of good cars, crossovers and SUVs. The premium Japanese brand also has a well-defined presence in racing on the world's largest stage in the form of a partnership with Red Bull in Formula 1. What Infiniti doesn't have, though, is a range-topping halo car.
A report from Autocar in the UK suggests that Infiniti's gaping top-shelf hole may soon be plugged by 2016 with a new hybrid sports car along the lines of the well-received Emerg-E and Essence concepts. This report is contrary to news we heard from Autocar late last year, when company officials reportedly told the publication that a swoopy and fuel-efficient machine like the Emerg-E wouldn't be produced.
Interestingly, Infiniti is said to sense strong demand from so-called "little emperors ... who are used to getting what they want," many of whom live in Asian countries, who are also environmentally conscious. Infiniti exec Andy Palmer told Autocar to expect something "like the Tesla sports car option, but with more flexibility in terms of range."

Infiniti's variable compression engine in the 2019 QX50 is the first of its kind

The world's first variable compression ratio engine is here, in a production car. That car is the 2019 Infiniti QX50, debuting this week at the Los Angeles Auto Show. The midsize crossover has seen a refresh that has brought it an all-new platform together with new driver assist features, but it's the engine that's the centerpiece here. Nearly everything is continuously variable under the hood of the QX50 – not only the new shift-by-wire XTRONIC CVT. The new VC-Turbo gasoline engine is able to change its compression ratio from 8:1 to 14:1, or anything in between depending of the driving situation; whether there is need for top-end power or turbodiesel-like torque from low revs, or optimized fuel economy. The pistons' reach is continuously adjusted by an electric "Harmonic Drive" motor, which controls a multi-link system, affecting the top-dead-center of the pistons and changing the compression. The engine can also switch between efficiency-maximizing Atkinson cycle and regular combustion cycle, on the go – and there's both multipoint injection and gasoline direct injection employed. The result is 268 horsepower at 5,600 rpm and 280 pound-feet of torque at 4,400 rpm; good figures for a 2.0-liter four-cylinder gasoline engine with a single-scroll turbocharger. Infiniti says that the FWD version's fuel economy of 27 miles per gallon combined is 35-percent better than the previous-generation V6 engine; in AWD guise, it reaches 26 mpg, which is a 30-percent improvement. The new engine is pretty much all-aluminum, but the vaguely magical-sounding "transformative multi-link components" behind the variable compression system are made from high-carbon steel alloy. The engine's multi-link system also enables it to do away with any balancing shafts, and Infiniti compares its smoothness to a V6 rather than a regular four-cylinder. In addition to the aforementioned tech, the VC-Turbo engine has the world's first active engine mount vibration damping system to smoothen its operation even further. Related Video: