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Nissan itself will be indicted alongside Ghosn, report says

Prosecutors in Tokyo are expected to file charges against Nissan itself alongside an expected indictment against former Chairman Carlos Ghosn as part of the ongoing financial misconduct case. That's according to a report from Japan's Nikkei business daily, which does not identify its sources. Charges are also likely against Greg Kelly, a member of Nissan's board of directors who was taken into custody with Ghosn Nov. 19 after Japanese authorities questioned the former chairman aboard a corporate jet at the Tokyo Haneda airport. Monday is the deadline when prosecutors must either indict the two executives, release them or arrest them on new allegations. Both men are accused of under-reporting salaries in five annual reports that stretch through the fiscal year that ended in March 2015. The Nikkei says they'll also be arrested on new allegations of misstating financial information for the subsequent three business years. Nissan would be charged for not preventing the alleged crime. Both men have reportedly denied the allegations. In response to the Nikkei report, a spokesman for Nissan told Automotive News the company had "identified serious misconduct related to the reporting of Mr. Ghosn's compensation" and was cooperating with investors. The turmoil over Ghosn prompted the automaker to scrap plans to unveil a long-awaited longer-range Leaf electric car at the L.A. Auto Show last week. Ghosn is accused of conspiring to understate his income by about half the 10 billion yen (about $88 million) over the period. Reports say the issue relates to deferred compensation that Nissan CEO Hiroto Saikawa reportedly signed off on but may not have understood. The company didn't report the deferred compensation in Japanese securities filings as it is required, since the money is considered a future liability against the company. Automotive News cites an unnamed source who says Nissan has identified some $80 million in unreported deferred compensation promised to Ghosn. Nissan's board voted Nov. 22 to oust him as chairman, and Mitsubishi followed suit days later. Ghosn remains the CEO and chairman of Renault, however. Under Ghosn's guidance, Nissan and Renault joined forces in 1999 when Nissan was teetering toward bankruptcy. Mitsubishi joined on in 2016, with all three members able to jointly develop products and control costs. He had reportedly been pushing for deeper ties, including a possible merger between Nissan and Renault at the urging of the French government.

2021 Mitsubishi Mirage and Mirage G4 updated with fresh faces, more tech

Mitsubishi previously teased an update for the Mirage and Mirage G4 for the 2021 model year, and now the new car is here. It amounts to a light refresh, with some minor appearance changes, new tech and a single special edition model. The same 1.2-liter three-cylinder is still under the hood, cranking out 78 horsepower and 74 pound-feet of torque. Brutally slow, but when paired with the CVT, it’s capable of 36 mpg city, 43 mpg highway and 39 mpg combined. The five-speed manual transmission is still available, but only on the base ES trim. On the design front, the Mirage (hatchback) and Mirage G4 (sedan) get a new grille and front bumper that are meant to be sportier than before. ItÂ’s highly reminiscent of the brandÂ’s crossovers with its upright, shield-like look, and that was intentional, Mitsubishi says. A new rear bumper and lower valance add width to the rear to give it the appearance of being larger than it is. New LED taillights are used on all Mirages, and redesigned LED headlights with LED running lights are available on the top trim. This design treatment does inject some fresh life into the two Mirages, but itÂ’s nowhere close to the full redesign that the Mirage is due for, having been in the same generation since the 2014 model year in the U.S. The interior gains new (supposedly improved) front armrests, more soft-touch cloth in frequently touched areas, and a “carbon fiber effect” on the window switches. On the tech front, Mitsubishi makes the seven-inch infotainment system with Apple CarPlay and Android Auto standard equipment. Also standard is forward collision mitigation with pedestrian detection. The top trim level gives you access to lane departure warning and auto high beams as optional equipment. That amounts to more safety features than before, but itÂ’s still a paltry selection compared to most new cars today. As for the special edition Mirage, Mitsubishi calls it the “Carbonite Edition.” Star Wars fans need not apply, though, as there is nothing about it that resembles true carbonite. Instead, it adds “a revised front grille and air dam, side air dam, B-pillar decal and rear air dam with carbon-pattern surfaces and contrasting red accents.” ItÂ’s pairable with six different colors and slots in below the top SE trim but above the mid-grade LE in price. The photos depict the two new colors available for 2021: White Diamond and Sand Yellow. The new going rate for a base Mirage is $15,390, which is $400 more than it was for 2020.

Former Mitsubishi CEO Osamu Masuko dies at 71

TOKYO — Former Mitsubishi Motors Chief Executive Osamu Masuko, who engineered the Japanese automakerÂ’s alliance with Nissan, has died. He was 71. Masuko was named a special adviser to the company when he resigned for health reasons as of Aug. 7. Mitsubishi said he died of heart failure on Aug. 27. Masuko joined with former Nissan Chairman Carlos Ghosn in forming an alliance in 2016. Ghosn was arrested and charged with alleged financial misconduct in late 2018, but skipped bail and fled to Lebanon. After he was named president of Mitsubishi Motors in 2005, Masuko worked hard to rebuild its brand image, which had been hammered by a massive, systematic and decades-long cover-up of defects that surfaced in the early 2000s. Calm and soft-spoken, Masuko came to symbolize Mitsubishi Motors' revitalization. Masuko had said he was stunned and saddened by Ghosn's arrest. “I still canÂ’t figure out why, and I just donÂ’t understand,” he told reporters then. Nissan Chief Executive Makoto Uchida offered his condolences. “His wisdom and foresight will remain as an inspiration to the automotive industry, and we will always honor his memory,” Uchida said, stressing his role in building the alliance as well as other contributions to the overall auto industry. Mitsubishi's alliance with Nissan and Renault of France was seen as an astute move, giving the automakers an edge in an increasingly competitive global market. “During his tenure for about 16 years at MMC, Masuko made great achievements by fully demonstrating his management skills, which also enabled the company to overcome difficulties,” Mitsubishi Motors said. Masuko helped build the companyÂ’s business in Southeast Asia, a key source of growth. He also aggressively pushed the development of greener models. Masuko studied political science and economics at Waseda University and did not have an engineering background. He joined trading company Mitsubishi Corp. in 1972. In 2004, he joined Mitsubishi Motors, which makes the Pajero and Outlander sport utility vehicles, as managing director of its overseas operations. Tokyo-based Mitsubishi Motors said it is not planning any special services, respecting MasukoÂ’s wishes. The family has already held a vigil and funeral, it said. Related Video: