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Nissan shareholders oust Carlos Ghosn from board of directors

TOKYO — Nissan's shareholders approved on Monday the ouster from the Japanese automaker's board of its former chairman, Carlos Ghosn, who is facing allegations of financial misconduct. The approval, which was expected, was indicated by applause from the more than 4,000 people gathered at a Tokyo hotel for a three-hour extraordinary shareholders' meeting. Other votes had been submitted in advance. Ahead of the vote, Nissan's top executive apologized to shareholders for the scandal at the Japanese automaker and asked them to approve Ghosn's dismissal. Chief Executive Hiroto Saikawa and other Nissan executives bowed deeply in apology to shareholders attending the extraordinary meeting at a Tokyo hotel. Shareholders also approved the appointment of French alliance partner Renault SA's Chairman Jean-Dominique Senard to replace Ghosn. Renault owns 43 percent of Nissan. Senard, introduced to shareholders at the meeting's end, thanked them and promised to do his best to keep the automaker's performance on track. "I will dedicate my energy to enhance the future of Nissan," said Senard. The shareholders also gave a green light to removing from the board a former executive direct, Greg Kelly, who has been charged with collaborating with Ghosn in the alleged misconduct. Angry shareholders demanded an explanation for how wrongdoing on an allegedly massive scale had gone unchecked for years. The meeting was closed except to stockholders but livestreamed. One shareholder said Nissan's entire management should resign immediately. Saikawa said he felt his responsibility lay in fixing the shoddy corporate governance at Nissan first, and continuing to lead its operations. Another shareholder asked if Nissan was prepared for a damage lawsuit from shareholders since its stock price has plunged. "I deeply, deeply apologize for all the worries and troubles we have caused," Saikawa said. "This is an unprecedented and unbelievable misconduct by a top executive." He outlined the findings of an internal investigation, such as payments of a consultation fee to Ghosn's sister for 13 years. The investigation has also found too much power had been focused in one person, he said. Ken Miyamoto, 65, a Nissan shareholder, said he was disappointed. "It is really such a pity as he was a brilliant manager," Miyamoto said of Ghosn before heading into the meeting.

Autoblog Minute: VW finds CO2 'irregularities', Takata dropped by automakers, SEMA recap

Volkswagen's diesel emissions scandal gets a new wrinkle, US regulators hit Takata Corporation with a substantial fine, and we head to Las Vegas for a look at tuner paradise at the 2015 SEMA show. Autoblog senior editor Greg Migliore reports on this edition of Autoblog Minute Weekly Recap. Show full video transcript text [00:00:00] Volkswagen's diesel emissions scandal gets a new wrinkle. US regulators issue a significant fine to Takata Corporation. And we take a peek inside tuner paradise at the 2015 SEMA show. I'm senior editor Greg Migliore and this is your Autoblog Minute Weekly Recap. The VW diesel emissions scandal, first brought to light in September, gets a new wrinkle, as an internal investigation by the German automaker revealed [00:00:30] irregularities in CO2 emissions that could affect approximately 800,000 vehicles. VW estimates the issue could pose a 2-billion euro economic risk. VW claims that most of the vehicles affected have diesel engines, but industry analysts say a 1.4-liter gas engine is also affected. VW says that fuel consumption figures were set too low during the CO2 certification process. During all of this, sales of some diesel-powered Volkswagen, Audi, and Porsche models [00:01:00] have been halted. Takata Corporation is back in the news in connection with its deadly airbag scandal. Federal regulators fined Takata $70 million. If the parts supplier does not comply, the fine could balloon to $200 million. Takata was also dropped this week by its biggest customer, Honda. And now, Toyota and Mazda will be following Honda's lead in dropping Takata. We're also hearing that Mitsubishi and Subaru are considering a switch in air-bag inflator suppliers. SEMA 2015 [00:01:30] came and went. We saw offerings from Mopar, like the AWD Challenger concept. Honda unveiled a Ridgeline that it will race at the Baja 1000, which gives us a hint at what future production model could look like. The celebrity presence was also felt in Vegas as it always is. Kid Rock brought a Duramax Diesel Chevy Silverado, and Acura restored and presented Ludacris with his now famous 1993 Acura Legend. Those are the highlights from the week that was. Be sure to come back on Saturday for my full recap, [00:02:00] where I'll have some added insight into Hyundai's foray into the luxury sector. For Autoblog, I'm Greg Migliore. Autoblog Minute is a short-form video news series reporting on all things automotive.

2022 Mitsubishi Eclipse Cross First Drive Review | A welcome improvement

We’ve considered the Mitsubishi Eclipse Cross a better-than-expected option in a mostly uninspiring vehicular segment ever since it was introduced for the 2018 model year. ItÂ’s sized and priced somewhere between subcompact and compact crossovers, making it an in-betweener that may attract some buyers due to its distinctive positioning. And itÂ’s been given a pretty comprehensive refresh for the 2022 model year that erases a few of our complaints and makes it more compelling, especially against subcompact crossover models like the Honda HR-V and Toyota C-HR. In an odd bit of launch timing that we figure was probably shaken up by a certain global pandemic, thereÂ’s no 2021 edition. The 2022 Mitsubishi Eclipse Cross isnÂ’t a total redesign — it rides on the same platform and is powered by the same engine and transmission as before — but the exterior design has been given a serious makeover while the interior gets some nice ergonomic upgrades that will make it easier to live with on a daily basis. On the outside, the updates are focused on the very tips of the little crossover. A redesigned front fascia further separates the light clusters into upper LED driving lights and lower stacked headlights and fog lamps. MitsubishiÂ’s Dynamic Shield grille design features chrome swooshes that flank a blacked-out diamond-pattern mesh in the center. ThereÂ’s a definite human-esque look to the face of the Eclipse Cross, and in person the overall appearance is aggressive and interesting. The rear received an even bigger makeover than the front. Gone is the two-piece rear glass that was bisected by a faux spoiler-shaped panel with full-width taillights, and in its place is a much more conventional hatchback with a larger single-piece window. The 2022 Eclipse Cross is a significant 5.5 inches longer than the 2020 model, and four of those were tacked on the back end. That makes for a bump in cargo capacity to 23.4 cubic feet (up 0.8 over the 2020 version) with the rear seat in place and 50.1 (an increase of 1.2 cubic feet) with the second row folded. It also adds 11% more floor area for long and/or wide items. While the added space is a welcome improvement, the reconfiguration of the Eclipse CrossÂ’s dashboard and center console may be even more useful. The infotainment screen, which measures 7 inches on the base ES model and 8 inches on everything else, was moved a couple inches closer to the driver.