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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 Q50 sedan recalled over steering software glitch

The Basics: Infiniti will recall around 60,000 Q50 sedans globally due to a glitch in the software that controls the cars' direct adaptive steering system. It's this hardware and software that allows the Q50 to steer itself autonomously under certain conditions. A total of 28,182 Q50 sedans will be recalled in the US, with another 3,804 in Canada. We're not certain yet which model years will be recalled, but the direct adaptive steering debuted in 2014. The Problem: According to Infiniti spokesperson Stefan Weinmann, "in certain rare circumstances, just after starting the vehicle" a software glitch "can lead to a lack of steering responsiveness and change in turning radius." Injuries/Deaths: None reported. The Fix: Infiniti hasn't yet announced how it will fix the issue, but a software update seems likely. That means a trip to the dealership. If you own one: Expect to hear from the manufacturer later this month or next. Related Video: Featured Gallery 2017 Infiniti Q50S 3.0t Recalls Infiniti Safety Technology Autonomous Vehicles Sedan infiniti q50

2025 Infiniti QX80's Klipsch audio system previewed at CES

Infiniti hasn’t shown us the redesigned 2025 QX80 full-size, three-row SUV yet. But, the automaker is previewing its high-end audio at CES 2024. Infiniti has announced that the 2025 QX80 will feature an available Klipsch Reference Premiere audio system. But instead of showing it to us in the new production car, itÂ’s being showcased in the Infiniti QX Monograph concept, which we first saw at Pebble Beach last year. Klipsch, a high-end speaker company, will be supplying the QX80 with a total of 24 speakers, including ones located in the front headrests. The system includes 1-inch titanium tweeters and an 8-inch TriPower subwoofer, as well as a 24-channel amplifier. Klipsch, known for premium in-home sound, announced at CES 2020 that it would partner with Panasonic to bring its audio quality to the car, and demonstrated its immersive automotive audio at CES 2021 with Panasonic and Dolby Atmos Music. Just last year, the 2025 Ram 1500 debuted with Klipsch audio in its Tungsten model. Now, Klipsch enters a new vehicle segment with the Infiniti QX80. The fact that Infiniti is showing off the Klipsch audio in the QX Monograph has us wondering just how much that concept previews the 2025 QX80. The availability of the Klipsch audio system is just the first little tidbit about the 2025 QX80 weÂ’re getting from Infiniti, with more to come as the carÂ’s debut approaches later this year. “The all-new QX80 is poised to elevate InfinitiÂ’s flagship with evolved design language, exceptional craftsmanship and cutting-edge technology that will make it the new standard in the luxury SUV space,” Craig Keeys, group vice president of Infiniti Americas, said in a statement. “As we embark on an Infiniti product renaissance, we canÂ’t wait to share all the ways QX80 will deliver extraordinary comfort and convenience for all three rows.” Stay tuned. Related video: