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Carlos Ghosn's lawyer requests bail again after Nissan ex-chairman indicted — again

TOKYO — Japanese prosecutors indicted Carlos Ghosn on Monday on another charge of aggravated breach of trust, a Tokyo court said, the fourth charge against the former Nissan Motor Co Ltd chairman, which his lawyers met immediately with a bail request. The charge came on the day Ghosn's latest detention period was set to expire. Ghosn had been out on bail when authorities arrested him for a fourth time on April 4 on suspicion he enriched himself at a cost of $5 million to the automaker. "We are confident that we have the evidence to successfully prosecute all four cases," an official from the prosecutor's office said at a briefing after the indictment was announced. Ghosn has denied all four of the charges, which include understating his income, and said he is the victim of a boardroom coup. He has accused former colleagues of "backstabbing," describing them as selfish rivals bent on derailing a closer alliance between Nissan and its top shareholder, France's Renault SA. "Carlos Ghosn is innocent of the latest charges brought against him by the Tokyo prosecutors, aided and abetted by certain Nissan conspirators," a Ghosn representative said in a statement. The case has exposed tensions in the Nissan-Renault alliance forged by Ghosn some two decades ago when the French automaker invested in Nissan, then on the brink of bankruptcy — a deal that gave Renault control over its larger partner. Nissan is due to reject a management integration proposal from Renault and will instead call for an equal capital relationship, the Nikkei newspaper said on Monday, citing sources. Ghosn's arrest has also focused a harsh light on Japan's judicial system, which critics refer to as "hostage justice" as defendants who deny their charges are often not granted bail. Under Japanese law, prosecutors are able to hold suspects for up to 22 days without charge and interrogate them without their lawyers present. In accordance with these terms, prosecutors had to indict or release Ghosn by Monday. According to the latest indictment, Ghosn caused a total of $5 million in losses to Nissan from July 2017 through July 2018. During that period, prosecutors allege two separate payments of $5 million were made from the account of a Nissan subsidiary into the account of an overseas dealership. A total of $5 million was subsequently transferred from the dealership's account to another account in which Ghosn had an interest.

NISMO confirms hotter GT-R, return to Le Mans and more performance models [w/videos]

Nissan has made three announcements, all of which intend to sharpen the global significance and sales of its NISMO performance arm. Calling it "a new era for NISMO as its global performance car and motorsports brand," Carlos Ghosn cut the ribbon on the new, larger, nicer NISMO headquarters in Yokohama, Japan. For the first time since the division was founded in 1984, all of its employees are located in one place that was dubbed "a hothouse of passion and performance." Sign us up.
There, the team will start overhauling Nissan's entire range with NISMO models. The Juke NISMO is right around the corner for the US market, the second generation of the 370Z NISMO is coming for 2014, the first GT-R NISMO is being developed, and after that will come "a range of affordable performance Nissan models from small cars to flagship sports cars" - a new model every year. The expanded product line will mean that markets that haven't had access to NISMO's works will finally be able to buy them.
The last big news is that from now on NISMO will manage every one of Nissan's global motorsports programs, and its largest initiative will be prepping an entry for Le Mans in 2014. While Nissan has left the DeltaWing project, it hasn't walked away from experimental racers: the brand aims to have "a pioneering Nissan race car showcasing electric technology" ready in 15 months that shows "a new approach to innovation and excitement."

Recharge Wrap-up: Nissan Leaf's UK milestone, SF's renewable diesel

San Francisco's municipal fleet will use renewable diesel, according to Mayor Edwin M. Lee. Switching to the greener fuel will reduce the fleet's greenhouse gas emissions by more than 60 percent. "By changing our fleet's fuel from petroleum to renewable diesel, we're taking action that is good for the global climate, and at the same time promotes environmental justice in our community by leading to cleaner, healthier air for some of our most vulnerable neighborhoods," Lee says. While renewable diesel is more expensive than the petroleum-based product, with government incentives, it could end up saving the city money. Read more from Biodiesel Magazine. Nissan has sold its 10,000th Leaf in the UK. As of July 6, Nissan has tallied 10,161 Leaf sales since its 2011 launch in the UK. More than half of those were sold in the last 12 months. Nissan sold 2,964 Leaf EVs in the first half of this year, an increase of 69.4 percent over last year. "The UK's electric vehicle market is growing at an extraordinary pace," says Nissan's James Wright, "and while it may be too early to talk about tipping points, today's achievement certainly indicates we're well on our way." The Nissan Leaf is the best selling battery electric vehicle in the UK. Read more from EV Meerkat. ClipperCreek has added a new 40-amp EV charger to its lineup. Called the HCS-50, the 240-volt level 2 charger is designed to serve both residential and commercial markets. "The HCS-50's rugged design and ample 25 foot charging cable make it a perfect solution for fleet and commercial applications," says ClipperCreek Sales Manager Will Barrett. "As battery range increases, the vehicle's ability to accept power is increasing, too, and the HCS-50 offers users extra power to get their vehicles charged up and back on the road fast." The HCS-50 charging station is priced at $835. Read more in the press release below. ClipperCreek Announces Availability of HCS-50 Electric Vehicle Charging Station Top selling EVSE manufacturer releases high-powered 40 amp EV charging station AUBURN, Calif., July 22, 2015 /PRNewswire/ -- ClipperCreek has added the HCS-50 electric vehicle charging station to their product line. The HCS-50 is a powerful and rugged 40 amp station paired with a highly durable rubber overmolded cable and vehicle connector. Offering power, reliability and value, this 240 volt, level 2 electric vehicle charging station, rated for both indoor and outdoor use, is priced at $835.