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Carlos Ghosn was on verge of release — so prosecutors file new allegation

TOKYO — Japanese prosecutors added a new allegation of breach of trust against Nissan's former chairman Carlos Ghosn on Friday, dashing his hopes for posting bail quickly. Ghosn and another former Nissan executive, Greg Kelly, were arrested Nov. 19 and charged with underreporting Ghosn's income by about 5 billion yen ($44 million) in 2011-2015. They also face the prospect of more charges of underreporting Ghosn's income for other years by nearly 10 billion ($80 million) in total. The breach of trust allegations were filed a day after a court rejected prosecutors' request for a longer detention of both men. The new allegation only applies to Ghosn, and Kelly could still be bailed out. A request for bail by Kelly's lawyer is pending court approval, according to the Tokyo District Court, but his release will have to wait until next week since the request was still in process after office hours Friday. Prosecutors in a statement Friday alleged that Ghosn in 2008 transferred a private investment loss worth more than 1.8 billion yen ($16 million) to Nissan by manipulating an unspecified "swap" contract. Ghosn also profited by having the company transfer a total of $14.7 million to another company to benefit himself and that company's owner, who helped in the contract manipulation, prosecutors said. Shin Kukimoto, deputy chief prosecutor at the Tokyo District Prosecutors Office, refuse to say if the two transactions were related or how Ghosn illegally profited. He also declined to identify the collaborator or whether the transactions were made overseas. Ghosn and Kelly are only charged with underreporting Ghosn's pay over five years, in violation of the Financial Instruments and Exchange Act. They have not been formally charged with an additional allegation of underreporting another 4 billion yen ($36 million) for 2016-2018, for which their first 10-day detention was to expire Thursday. Prosecutors have been criticized for separating the allegations as a tactic to detain Ghosn and Kelly longer. They say Ghosn and Kelly are flight risks. The maximum penalty for violating the financial act is up to 10 years in prison, a 10 million yen ($89,000) fine, or both. Breach of trust also carries a similar maximum penalty. The conviction rate in Japan is more than 99 percent for any crime. Ghosn was sent by Renault in 1999 to turn around Nissan, then on the verge of bankruptcy, and he led its rise to become the world's second-largest automaker.

Next Nissan Titan will get turbocharged diesel V8 from Cummins

Toyota might be content to eke out an existence in the fullsize pickup market with its lightly refreshed Tundra, but Nissan looks like it'll be a bit more aggressive with its next-generation Titan. The next Titan will make use of a 5.0-liter, turbodiesel V8 from Cummins, the Japanese company announced at the start of its Nissan 360 industry showcase.
Nissan's commitment to a fullsize pickup isn't really open for debate - it made waves back in April when it lured Fred Diaz, CEO of Chrysler's Ram pickup division, down to its Franklin, Tennessee headquarters. But this news of a monster turbodiesel is big. As of this writing, only Ram is set to offer a diesel engine in a non-heavy-duty pickup. Its 3.0-liter, EcoDiesel V6 will arrive in the Ram 1500 in the not-so-distant future, but that engine will still be a far cry from what's promised with this Cummins mill.
The 5.0-liter V8 is expected to generate well over 500 pound-feet of torque - likely closer to 550, based on the language in the press release - along with over 300 horsepower. Those figures aren't just a shot across the bow of Ford, Chevy, GMC and Ram, they're an opening broadside, meant to demonstrate Nissan's willingness with its next light-duty truck. As Diaz said, "There is no question that the new Titan will turn heads, and with the available Cummins 5.0-liter V8 turbodiesel, we expect to win new fans and attract buyers looking for this unique configuration."

Nissan bringing Qashqai, Rogue hybrid to US

Nissan will be expanding its crossover range here in the United States, introducing the popular European-market Qashqai, alongside a hybridized version of the Rogue. Nissan's Kyushu, Japan factory, meanwhile, will churn out 100,000 gas-powered Rogues to capitalize on hot demand here in the United States. The Kyushu move, at least, seems like a smart one, considering just how hot the compact Rogue is. "We haven't hit the ceiling [on Rogue] yet. We have more opportunity there if we can get our dealers more," Fred Diaz, Nissan's senior VP of sales and marketing, told Automotive News. Amping up production in Kyushu will finally mean the end of the first-generation Rogue, though, now known as the Rogue Select. Somehow, we doubt many tears will be shed. AN cites "two sources familiar with Nissan's future product" in its report on the Qashqai and Rogue Hybrid, although both moves are a bit strange at first glance. Both vehicles play in the same part of the market, and are both based on the Renault-Nissan Common Module Family platform. As for the Rogue Hybrid, well, we know what happened the last time Nissan tried to add an electric motor and battery pack to one of its crossovers. Plus, we've heard this rumor before. Nissan, though, seems to think both moves make a lot of sense. While the Qashqai and Rogue are closely related, the Euro-market model is smaller – 10 inches shorter and two inches narrower – making it less versatile, and it wears more handsome sheetmetal. Expect Nissan to field it as such, aiming at buyers that want a CUV for the lifestyle, rather than the versatility, Automotive News reports. There's a lot less information on the Rogue Hybrid, aside from AN reporting that it will hit the market next year. As for potential powertrains, mum's the word. The gas-powered Rogue uses a 2.5-liter four-cylinder, which is the same size as the gas-engine found in the dead-but-still-warm Pathfinder Hybrid. While we doubt it's as simple as a drag and drop, it seems like Nissan's most recent hybrid powertrain is the obvious choice for the upcoming Rogue. What do you think? Will the Qashqai be as big of a hit in the US as it is in Europe and Australia? Is a Rogue Hybrid such a smart move considering the tremendous failure of the Pathfinder Hybrid? Speak up in Comments. Related Video: