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Nissan CEO Uchida says he's willing to be fired if turnaround fails

YOKOHAMA — Nissan's new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan's second biggest automaker which is grappling with plunging sales in the aftermath of the scandal surrounding ex-chairman Carlos Ghosn. Makoto Uchida, who took over the top job in December, put his job on the line at the automaker's shareholders' meeting, where he faced demands ranging from cutting executive pay to offering a bounty to bring Ghosn back to Japan after he fled to Lebanon. Nissan's worsening performance has heaped pressure on Uchida, formerly Nissan's China chief who became its third CEO since September, to come up with aggressive steps to revive the company. On Tuesday, Uchida, who was repeatedly heckled by shareholders, said he was ready to face dismissal if he failed to improve profitability at the company, which is on course to post its worst annual operating profit in 11 years. "We will make sure that we steer the company in an effective way so that it is visible in the eyes of viewers. I will commit to this: if the circumstances remain uncertain you can fire me immediately," he said. Uchida, 53, did not give a timeframe for improving Nissan's performance. The new boss must prove to the board he can accelerate cost-cutting and rebuild profits at the 86-year-old Japanese giant, and that he has the right strategy to repair its partnership with France's Renault, sources have told Reuters. Uchida pleaded with shareholders to be patient while he comes up with a plan by May to recover from crumbling profits and a corporate shake-up following Ghosn's arrest in Japan in late 2018 over financial misconduct charges. "If you can be patient a little bit longer, on a day-to-day basis you will be able to sense we are changing," he said. Ahead of the meeting, some shareholders demanded more clarity about Uchida's plan. "I just want to know what the plan for recovery is. At the moment, the share price has dropped again, and the value of the company has plummeted," said a 70-year-old former employee who owns shares in the company. "If this is the situation, part of me thinks that we would be better off with Ghosn ... If we don't get a clearer vision of the path the company is taking, it will be a worry." Nissan's shares are trading around their lowest level in more than a decade following its latest earnings.

2016 Nissan Leaf with 107-mile range will start at $35,050* [UPDATE]

Here we go. Without making any huge leap into a second-gen model, Nissan has upgraded the 2016 Nissan Leaf from the 2015 model with a big range increase and a more durable battery. According to the new EPA numbers, the new Leaf will go 107 miles from a 30-kWh battery pack. That's going to get people's attention, since the current Leaf has an 84-mile range from a 24-kWh pack. You will still be able to get an 84-mile Leaf in the 2016 model year, since Nissan is keeping the S trim level with the lower, 24-kWh pack size. If you opt for the more expensive SV or SL trims, then you'll not only get the 27-percent greater range, but also a battery pack that is slightly heavier (by 46 pounds) and has more modules (eight vs. four) but the same number of cells. The two packs are the same size. In the end, the EPA rates the 30-kWh with 124 city, 101 highway and 112 combined MPGe fuel economy, while the S trim keeps the 126 city, 101 highway and 114 combined MPGe of the 2015 models. All the new 2016 Leafs keep the same 80-kW AC synchronous motor from earlier models. It still offers 107 horsepower and 187 pound-feet of torque. Prices for the new Leaf start at $35,050 for the Leaf SV (up from $32,950 for the 2015), $37,640 for the Leaf SL (up from $35,970) and $28,060 for the Leaf S (no change from 2015). All prices include $850 delivery charge but not the potential federal tax incentive of $7,500. The 2016's exterior is virtually identical to the 2015, aside from some new colors with names like Forged Bronze, Coulis Red and Deep Blue Pearl. Nissan is offering a few upgrades on the inside, though. There's a new graphic interface display on the 7-inch color screen (5-inch on the S trim) and a new "beam forming microphone" that should make the car's voice recognition better. The information that is displayed on the screen has also changed, with the charging screen info being updated every 12 miles. Given that some (but not all) of the rumors of this Leaf range bump turned out to be true, what do you all think of the talk of a 250-mile Leaf in about three years? UPDATE: The original headline quoted the price of the SL model instead of the less expensive SV, and has now been changed to accurately reflect the starting price of the SV. Both SL and SV come standard with the new 30 kWh battery, while the S model comes standard with the smaller 24 kWh pack. Thanks to those who pointed out this discrepancy!

Plug In America asks Georgia to not reverse EV incentives

Like Ray Charles, Plug In America's Michael Thwaite has Georgia on his mind. Thwaite is putting out the call on behalf of the electric-vehicle advocacy group to get people to stop the state's plug-in vehicle incentives from going the way of Atlanta Flames. And he's using math that may or may not be funny. Thwaite's public enemy Number One is Chuck Martin (R-Alpharetta), who's pushing legislation (specifically, House Bill 122) to wipe out the $5,000 tax credit (one of the highest among US states). Martin is also said to have more than 60 state legislators backing him up. Thwaite says that the money is well spent, since each electric vehicle keeps more than $2,200 from being spent outside the state by getting folks to charge up through local utilities instead of paying for gas imported from those darned oil-rich nations. Last year, Martin proposed a bill (HB 257) that would cap incentive-generating EVs in the state at about 2,000 units a year, but state legislators ran out of time before taking a vote on it, so the issue got tabled for another year. And that year is almost up. The issue is far from academic, since Atlanta remains a city that generates some of the highest Nissan Leaf sales in the country – largely because of those state incentives. Check out Mr. Thwaite's note below. Don't Let Georgia State Incentives for Electric Vehicles Disappear The state of Georgia has enjoyed tremendous support for electric vehicle adoption from its legislators, but that is at risk. Georgia legislators need to hear your voice in favor of electric car incentives. Chuck Martin (R-Alpharetta) is introducing legislation (House Bill 122) to eliminate the state electric vehicle tax credits of $5,000. He has already amassed more that 60 legislators to support the bill. We need you to let them know that the public supports EVs! Georgia has become a beacon for electric vehicle sales. The tax credit has helped make Georgia the national leader in Nissan LEAF sales, an electric car built here in the US. Please take a moment to complete the action below to ensure that your representative hears your voice to maintain the EV incentives and defeat this bill. Georgia's Public Service Commission member Tim Echols argued passionately for keeping the credits. Aside from the environmental benefits and the positive message sent to millennials about the importance of moving away from polluting fossil fuels, he makes a powerful economic argument.