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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.

Nissan Leaf and the future of auto shows | Autoblog Podcast #525

Related: We obsessively covered the Frankfurt Motor Show — here's our complete coverage On this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Associate Editor Joel Stocksdale. The pair discuss the long-awaited reveal of the second-generation Nissan Leaf as well as the Alfa Romeo Giulia and BMW M550i that recently passed through the office. They also preview the 2017 Frankfurt Motor Show and discuss the future and relevance of auto shows. The rundown is below. Remember, if you have a car-related question you'd like us to answer or you want buying advice of your very own, send a message or a voice memo to podcast@autoblog.com. (If you record audio of a question with your phone and get it to us, you could hear your very own voice on the podcast. Neat, right?) And if you have other questions or comments, please send those too. Autoblog Podcast #525The video meant to be presented here is no longer available. Sorry for the inconvenience.Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Topics and stories we mention Rundown Nissan Leaf reveal Frankfurt Motor Show preview What we're driving: Alfa Romeo Giulia and BMW M550i Unpopular opinion: the relevance of auto shows Spend my money Feedback Email – Podcast at Autoblog dot com Review the show on iTunes Image Credit: BMW, Nissan Green Podcasts Frankfurt Motor Show Alfa Romeo BMW Nissan Hatchback Electric Luxury Sedan alfa romeo giulia

Nissan bringing rolling social media box to Tokyo

Nissan has quite a diverse lineup ready for the 2015 Tokyo Motor Show this year. There are a few familiar faces in tow like the Gripz concept and updated Leaf. However, the true debut among this group is the quirky Teatro for Dayz concept (pictured above) that imagines the ultimate vehicle for young people. According to Nissan, the Teatro for Dayz is designed for the so-called digital native generation – basically those with the Internet widely available from birth. On the outside, the EV concept actually evokes a modernized take on the Cube with its boxy, angular shape. The oddly named concept wears some of the brand's current styling cues, though, like the V-shaped grille and LEDs slashing through the headlights. The squared-off rear features taillights running all the way across and lower lights that echo the ones in front. The interior is just a simple expanse of white with front and rear bench seats, but layout meant to allow social-media-obsessed occupants to express themselves through digital displays. Meanwhile, the Concept 2020 Vision Gran Turismo goes on display in Tokyo with a few tweaks. This GT-R of the digital future now wears a coat of Fire Knight red paint and gets a more prominent V-shaped grille in front. The original version debuted at the 2014 Goodwood Festival of Speed. Overview: Nissan Exhibit at 2015 Tokyo Motor Show Yokohama (October 5, 2015) – Nissan Motor Co., Ltd. today released an overview of its exhibit at the 44th Tokyo Motor Show, which will be held at Tokyo Big Sight and open to the public from October 30 through November 8. Among the exhibits will be Teatro for Dayz, an innovative concept that signals a new direction in mobile technology. Designed especially for the digital native generation, this vision of near-future vehicles departs from convention and marks a shift in perception. Major Nissan exhibit components include: Nissan Gripz Concept, making its Japan debut following its unveiling at the 2015 Frankfurt Auto Show last month Upgraded Nissan Leaf with increased battery capacity, resulting in significantly longer driving range Leading-edge autonomous drive and safety technologies Nissan Concept 2020 Vision Gran Turismo A total of 20 vehicles will be on display, including the X-Trail Hybrid Mode Premier and Juke 16GT Four Personalization models; and special-feature models, including the Skyline 350GT Hybrid Type-SP Cool Exclusive, Fuga 370GT Type-S Cool Exclusive and Serena Highway Star V Selection.