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Mitsubishi Motors halts some SUV sales in Japan as MPG scandal grows

Mitsubishi's fuel-economy scandal is going from bad to worse. First, the Japanese automaker claimed it lied about the fuel economy for a few kei cars, then it claimed fuel economy tests for as far back as 1991 could reveal mile-per-gallon figures that were tampered with. In May the automaker, admitted that every single vehicle it's sold in Japan could be affected by the fuel-economy scandal. Now, the Japanese automaker revealed that more of its vehicles were involved in the fuel-economy cheating scandal – and one of them is sold in the US. After completing its investigation into the automaker's fuel-economy scandal, Japan's Transport Ministry found that Mitsubishi overstated the fuel economy for eight more vehicles in marketing brochures, one of which is sold as the Outlander Sport in the US, reports Automotive News. The Transport Ministry ordered Mitsubishi to stop domestic sales of the models, which include the Pajero, Outlander, and RVR SUV (known as the Outlander Sport in the US). The latest finding adds to four kei cars that were previously noted for having overstated fuel economy figures earlier this year. Japan's sixth-largest automaker is having a hard time recuperating since the scandal broke earlier this April. The initial scandal led to the automaker suspending its sales, which caused a large dip in the automaker's market value. The scandal required Mitsubishi to seek financial assistance from Nissan, which agreed to buy a controlling 34-percent stake for $2.2 billion. Investigators hired by Mitsubishi to look into the automaker's overstated fuel economy figures revealed the company's "corporate culture" as the issue. More specifically, the investigators founds the company's pressure to improve fuel-efficiency figures, a lack of unity between divisions, and an unwillingness to accept fuel economy shortfalls as the reason for falsifying its vehicles' mpg figures. Mitsubishi is expected to compensate Japanese owners for the overstated fuel economy figures, which would result in a massive loss for the automaker. The company is expected to post a net loss of roughly $1.4 billion this year, pushing Mitsubishi into the red for the first time in approximately eight years. Related Video: News Source: Automotive News-sub.req.Image Credit: Tomohiro Ohsumi / Bloomberg via Getty Images Government/Legal Green Mitsubishi Nissan Fuel Efficiency kei car scandal

Nissan slashes profit forecast as Ghosn arrest hurts brand appeal

TOKYO — Nissan cut its profit forecast for the fiscal year through March on Wednesday to reflect slowing sales, higher costs and the fallout from a criminal investigation of its former chairman, Carlos Ghosn. Nissan Motor Co. expects to post a 319 billion yen ($2.9 billion) profit for the fiscal year, marking a 22% drop from its earlier 410 billion yen ($3.7 billion) forecast. Nissan said the downgrade reflects higher costs in the U.S. from a warranty extension campaign for some vehicles and falling sales due to "corporate issues," alluding to the Ghosn scandal. Ghosn was arrested in November and is facing charges of underreporting his income and breach of trust. He says he is innocent. He was released on bail in March and is awaiting another court decision on bail after his re-arrest on April 4. Nissan, which is allied with Renault SA of France, has seen sales lag in France and Japan, where Ghosn is widely known. In the U.S. and China, buyers aren't as affected by the scandal, but the markets there overall have slowed. Other factors contributed to the revision, such as production not keeping up with demand for the Note, an extremely popular model in Japan. But the high-profile scandal has weakened the brand appeal of the maker of the Leaf electric car, Infiniti luxury model and X-trail sports utility vehicle. Nissan said it expects to sell 5.5 million vehicles in this fiscal year. Earlier it predicted it would sell 5.6 million. The company sold nearly 5.8 million vehicles in the fiscal year that ended in March 2018. The automaker reduced its sales outlook by 0.2% for the fiscal year through March 2019 to 11.5 trillion yen ($103 billion), compared to its previous forecast. It was Nissan's second downgrade for its outlook following one in February that cited faltering sales in China and the U.S. At that time, Nissan also logged costs about 9.2 billion yen ($83 million) related to the alleged underreporting of Ghosn's compensation. Nissan has promised to strengthen its corporate governance to prevent a recurrence of what it says is serious wrongdoing by Ghosn. Ghosn was sent by Nissan's French alliance partner, Renault SA, to help turn the Japanese automaker around when it was near bankruptcy 20 years ago. The future of the alliance is one of many questions clouding Nissan's future following Ghosn's ouster since he was the main liaison for the alliance, which includes smaller Japanese automaker Mitsubishi Motors.

Recharge Wrap-up: Aoxin Ibis could be Tesla competitor in China, Nissan Qashqai ZEOD due this year

Zero Motorcycles is expanding its North American dealer network. With more retailers selling the electric motorcycles, Zero has added three new regional sales directors. "We are enjoying a great response to our 2015 line of motorcycles and accessories, and it's driving accelerated growth," says Zero's Mike Cunningham. "To support and sustain this momentum, we are investing in a bigger, stronger team and partnering with leading motorcycle retailers." More sellers are getting on board as electric motorcycles appear more and more viable, and they're finding it's bringing in a new set of enthusiastic customers. Zero recently revamped its production process to meet the expected increase in demand for 2015. Read more in the press release, below. Chinese automaker Aoxin New Energy, has built an electric car that is set to compete with the Tesla Model S. The aluminum and carbon fiber Aaoxin Ibis (pictured) is longer than the Model S, but weighs less than the Tesla at 4,034 pounds. It offers 181 horsepower and has a top speed of only 94 miles per hour, but it boasts a driving range of about 285 miles per charge. Its upscale interior borrows its looks from the Tesla, with its digital gauges and large, central touchscreen. Read more at Car News China, or at Green Car Reports. Nissan will likely debut a Qashqai ZEOD concept later this year. The plug-in hybrid version of the compact crossover borrows its ZEOD moniker - which stands for Zero Emissions On Demand - from Nissan's hybrid Le Mans racer. It's possible it will borrow its powertrain technology from the Renault Eolab Concept, which could mean a 1.0-liter engine paired with an electric motor. Based on the success of the Qashqai in Europe, it's not unlikely that the plug-in version will debut there (Green Car Reports is betting on Frankfurt). Read more at Green Car Reports. Zero Motorcycles Expands North American Network Strong Demand Fuels Double-Digit Dealer Growth and Additions to Sales Team SANTA CRUZ, Calif., March 11, 2015 /PRNewswire/ -- Zero Motorcycles, the global leader in the electric motorcycle industry, announced today that three new regional sales directors have been added to the company's roster in the first quarter of 2015. The expansion of the sales team comes in response to rapid growth within the dealer network and reflects Zero's commitment to delivering world-class products and service.