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Nissan CEO Makoto Uchida rules out closer capital ties with Renault

YOKOHAMA — Nissan is committed to its automaking alliance with Renault but will not look to deepen its capital ties with the French automaker any time soon, its new CEO said on Monday. On his first day in the new position, chief executive Makoto Uchida also pledged to repair profitability at Japan's No. 2 automaker and said setting realistic targets would be key toward that goal, as it tries to make a clean break from the leadership of former chairman Carlos Ghosn. "Closer capital ties with Renault are not a focus in the short term," he told reporters. Uchida became CEO of Nissan on Dec. 1, as the car maker tries to recover from a profit slump and draw a line under a year of turmoil after the Ghosn scandal. The ousted chairman is fighting financial misconduct charges in Japan. One of the new CEO's big tasks is to salvage ties with Renault, which have deteriorated since Ghosn's ouster as chairman of both companies. Renault holds a 43.4% stake in Nissan after it saved the Japanese automaker from financial ruin two decades ago, and has pushed for the two companies to merge. In rejecting a notion of a merger with Renault, Uchida, 53, echoes his predecessor Hiroto Saikawa, who stepped down in September. He added that the alliance must re-think how it can serve all of its three members, which also includes Mitsubishi Motors. "The alliance has to benefit each of its partners in terms of revenue and profit," he said. "We need to re-evaluate what has worked and what hasn't worked in the alliance in the past few years." The CEO called for Nissan to set "challenging but achievable" targets, adding that this and the launch of more new car models and vehicle technologies would be key to its financial recovery. Nissan is bracing for its lowest annual profit in 11 years and has slashed its dividend by 65%. Its struggles come at a time when car companies desperately need scale to keep up with sweeping technological changes like electric vehicles and ride-hailing. "Somewhere along the way we created a culture of setting targets which could not be achieved," Uchida said, adding that this had resulted in a focus on short-term results. "Years of this had led Nissan to its current "difficult situation," he said, using heavy vehicle discounting in the U.S. market as an example of how aggressive sales targets to grow market share had deteriorated the company's brand.

Nissan transforms NV200 into part-e-Van [w/video]

Following its earlier BBQ van conversion, Nissan is demonstrating once again the flexibility of its NV200 van by rolling out this mobile party on wheels. Based on the battery-powered e-NV200, the "part e-Van" packs an array of upgrades to give it everything you'd need to turn any parking lot into a club. It's got a DJ booth on the roof, a 1,400-watt sound system, wireless headphones for silent-disco capability, a solar-powered disco ball that feeds juice back into the system, an alcohol-free bar dispenser, an LED dance floor, and a 20-foot-tall light-up canopy. There's even a drone that can deploy to capture the party scene, and a monitor hooked up online to share it all via social media. The party wagon is set to debut outside the Olympiastadion in Berlin for the UEFA Champions League final (that's a soccer game for those of us unfamiliar), and will then hit the road on tour – with its next stop scheduled for the 24 Hours of Le Mans. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Party On! Nissan turns 100% Electric e-NV200 into the ultimate part e-VAN - Vehicle unveiled ahead of the UEFA Champions League Final - Zero Emission vehicle will be displayed outside The Olympiastadion ahead of kick-off - One-off vehicle's key features include a disco ball solar array which feeds power to some of the van's elements - Watch the PART e-VAN in full swing here: https://youtu.be/gdTew0hZ_Rs Nissan has transformed its all-electric e-NV200 into the ultimate party on wheels. The vehicle - called the PART e-VAN and powered by the 100% electric e-NV200 - will charge into Berlin for its inaugural reveal tomorrow night ahead of Saturday's UEFA Champions League Final, before exciting fans outside The Olympiastadion prior to kick-off. Some of the unique van's standout attributes include a dazzling disco ball solar panel array on the roof which absorbs daylight to power some of this one-off vehicle's features, an augmented reality system where users will be able to jump into their own party scene before sharing it with friends on social media and a custom-made sound system capable of throwing the best silent disco party.

NHTSA opens investigation into Nissan's handling of airbag recall

In March of 2014, Nissan recalled eight models among its Nissan and Infiniti brands, totaling more than one million vehicles, over faulty occupant classification system software controlling the passenger airbag. The company discovered a variety of factors that would interfere with the system's ability to detect an adult passenger in the shotgun seat, resulting in an illuminated warning on on the dashboard and the passenger airbag not deploying in an accident. Yet 124 complaints submitted to the National Highway Traffic Safety Administration since the recall allege that the dealer-installed fix hasn't actually fixed the problem; some consumers say the problem persists after multiple trips to the dealer. The Detroit News reports that NHTSA is opening an investigation into the matter to determine whether a new recall is needed. The occupant sensor has been a bugbear for Nissan over the past couple of years; a much smaller recall for the issue in 2013 covered five of the eight vehicles that were recalled in 2014, and that earlier recall also continued to generate complaints after the issue had supposedly been fixed. At the same time, the company learned that in two instances there was another twist, where the dashboard warning wasn't illuminated but the passenger airbag still didn't go off in an accident. Nissan isn't alone, though, with airbag recalls on a steep upswing across the industry even before the Takata debacle.