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Mitsubishi, Nissan will build mini EV together

That minicar project that erstwhile competitors Nissan and Mitsubishi launched about four years ago is about to go a little more maxi. NMKV Co., the joint venture established in June 2011 by the two Japanese automakers to make minicars, is going to get more resources specifically to ease a move into the electric-vehicle sector. Specifically, Nissan, which makes the all-electric Leaf, is going to have a bigger role in the testing, design, and development of the partnership's mini EVs. A memorandum of understand between Nissan and Mitsubishi, maker of the i-MiEV, is in the works. So far, the joint-venture has sold about 500,000 gas-powered three-cylinder compact vehicles under the two automotive brands, so it must be doing something right. The first Nissan Dayz and the Mitsubishi eK Wagon models started production in 2013. Sales of the Nissan Dayz Roox and Mitsubishi eK Space, which went the higher-roof route, began early last year. Nissan and Mitsubishi started making noise about this last summer, when word came out that the little EV may be priced at less than $15,000 in Japan, quite a bit cheaper than either the Leaf or the i-MiEV over there. As with the current models, the future minicar variants will be produced at Mitsubishi's Mizushima factory in Japan. So far, the partnership would only say that details about NMKV's next-generation mini EV will be released "at a later time," so specifics like range and other performance measures will have to wait. Until then, you can take a look at NMKV's press release below. Nissan, Mitsubishi Motors and NMKV reach agreement on planning and development of next-generation minicars Nissan Motor Co., Ltd., Mitsubishi Motors Corporation, and their joint venture NMKV Co., Ltd. today reached an agreement to continue their joint project regarding development of the next generation of current minicar models. The three companies will soon sign a memorandum of understanding. The companies aim to develop more competitive products by optimizing resource allocation and their respective roles and responsibilities. Nissan will be more deeply involved in development operations, such as design development and testing. In addition to its product planning and project development roles, NMKV will strengthen its management capabilities by adding a new department to enhance collaboration with engineering and manufacturing functions. Vehicle production is planned to continue at Mitsubishi's Mizushima Plant.

Carlos Ghosn: What misconduct is he accused of?

TOKYO — Japan was shocked by news that Nissan Motor Co. Chairman Carlos Ghosn, who was widely respected for rescuing the carmaker from near bankruptcy, was arrested on Monday for alleged financial misconduct. Nissan said that Ghosn, who is also chairman and CEO of Renault and chairman of Mitsubishi Motors, would be fired from his post as Nissan chairman on Thursday. What is Carlos Ghosn accused of? Nissan CEO Hiroto Saikawa told a packed press conference on Monday night that the company had found that Ghosn had been using corporate money for personal purposes and under-reporting his income for years in official company filings to the Tokyo Stock Exchange. Another board member, Greg Kelly, was also deeply involved in the misconduct, Nissan said. Saikawa said he couldn't elaborate as the cases are being investigated by prosecutors, who have declined to comment. Prosecutors said that Ghosn and Kelly conspired to understate Ghosn's compensation over five years starting in fiscal 2010 as being about half of the actual 9.998 billion yen ($88.9 million). Public broadcaster NHK said Nissan paid billions of yen to buy and renovate homes for Ghosn in Rio, Beirut, Paris and Amsterdam, citing unnamed sources. The properties had no business purpose and were not listed as benefits in TSE filings, NHK said. Ghosn, 64, has not been formally charged. The Asahi newspaper reported that he and Kelly had submitted to prosecutors' questions after getting off a plane on Monday afternoon at Tokyo's Haneda Airport. Saikawa confirmed they had been arrested. Ghosn and Kelly have not been seen since, and their exact whereabouts are not known. Suspects are typically taken to the Tokyo Detention Center, which is linked to the Tokyo District Public Prosecutors Office. How did this come to light? Nissan's Saikawa said Ghosn's alleged improprieties came to light through a whistleblower, after which the company began an internal investigation and informed prosecutors. Japanese media reports say the informant is a member of Nissan's legal department. The Asahi reported, without citing sources, that the informant gave the prosecutors information in a plea bargain, implying the person may have provided evidence in exchange for a lighter sentence. How much control did Carlos Ghosn have? After becoming CEO of struggling Nissan in 2001, Ghosn was hailed as the automaker's savior by implementing an aggressive cost-cutting plan.

Mitsubishi teases updated 2025 Outlander with tweaks throughout

There's an updated Mitsubishi Outlander PHEV on the way for the 2025 model year, four years after the launch of the fourth-gen. Europe released a bit of information on their version in July, one "specifically developed for the European market." Despite hype that the electrified SUV "is based on the Japanese I-Fu-Do-Do concept of authenticity and majesty," the outline we can make out in the European teaser image suggests exterior lines won't stray far afield. Now Japan has released a few artfully shaded images of what buyers can expect, along with additional details. Set beside the Euro tease, the DRL and headlight image portends that the "more refined and sophisticated face" won't be much different than today's face, so figure on the usual headlight and taillight revisions plus some tweaks to character lines. The development team promises a "greatly improved" interior based on customer feedback. We'll guess that statement is focused on lower trims; we've called the cabins of upper trims one of the Outlander PHEV's strongest advantages. The interior design philosophy was dubbed "Majesty Phase 2 - Refinement and further quality," and we know it means upper trims will get ventilated seats semi-aniline leather for the first time. The infotainment touchscreen should grow to 12.3 inches, replacing the 8- and 9-inch screen on today's trims and matching the size of the digital instrument cluster. The automaker has worked with Yamaha for a couple of years on vehicle-specific audio systems, there should be one on the way for the Outlander PHEV with branded speaker grilles and multiple sound profiles. Looks like there's a larger battery on the way as well, extending pure-electric range past today's 38 miles powered by a 20-kWh pack; this larger unit might add V2L capability so that the Outlander can use its energy to power a home. Mitsubishi might upgrade output of the naturally aspirated 2.4-liter four-cylinder, or boost output from the two electric motors. Engineers are definitely retuning the handoff between the ICE and battery for more electric driving and a smoother transition. Suspension tweaks creating a ride "one class above the rest" are coming, and new colors and wheel designs are a given.