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Renault board names Ghosn stand-ins, as tensions with Nissan increase

PARIS/TOKYO — French carmaker Renault tapped its chief operating officer and a senior board member to fill in for embattled boss Carlos Ghosn, after an investigation by alliance partner Nissan led to his arrest on suspicion of financial misconduct. Thierry Bollore, Ghosn's operational second-in-command, will become deputy chief executive, while lead independent director Philippe Lagayette assumes the function of interim chairman, Renault said after a board meeting late on Tuesday. But the board refrained from firing Ghosn while awaiting more detail on the allegations — in a decision that could also buy more time for an accelerated, permanent succession process. "Mr. Ghosn, temporarily incapacitated, remains Chairman and Chief Executive Officer," Renault said in a statement. "During this period, the board will meet on a regular basis under the chairmanship of the lead independent director." Ghosn, one of the car industry's best-known leaders, was arrested on Monday after Nissan said he had engaged in years of wrongdoing, including personal use of company money and under-reported earnings. The Japanese company plans to remove him as chairman on Thursday. The French government, Renault's biggest shareholder, had begun to distance itself from Ghosn, calling for new interim leadership before the meeting, as the Japanese investigation expanded to include Renault-Nissan alliance finances. "Carlos Ghosn is no longer in a position where he is capable of leading Renault," Finance Minister Bruno Le Maire said earlier in the day. "Renault has been weakened, which makes it all the more necessary to act quickly." Statements by Le Maire, Renault and its board all echoed French preoccupations over the future of the alliance first articulated by President Emmanuel Macron within hours of Ghosn's arrest on Monday. Following talks between Le Maire and his Japanese counterpart Hiroshige Seko on Tuesday, the ministers reaffirmed their "shared wish to maintain this winning cooperation." But in a sign that Nissan may now seek to loosen its French parent's hold on the partnership, the Japanese company informed Renault it also had evidence of potential wrongdoing at Renault-Nissan BV, the Dutch venture overseeing alliance operations under Renault's ultimate control, three people with knowledge of the matter told Reuters.

Nissan GT Academy: Living the dream

When I first met Nicolas Hammann, he was beaming, as though he still could hardly believe this was his life now. He's a young guy, almost 22 years old. He grew up in Elkhart Lake, WI, doing some karting and road racing when he could. Just last year, he was at UNC Charlotte working toward a degree in mechanical engineering as a way to stay around cars in the future. Then he qualified for GT Academy. Jump ahead to January 2015, and Nic is in his first pro race, the 24 Hours of Dubai, representing Nissan behind the wheel of a GT-R GT3. And now he's here at the 2015 GT Academy Finals in Nashville, TN, acting as a sort of ambassador from the other side of the challenge – an example of what each of these guys hopes to achieve. After this, he's off to race at Lime Rock in the Continental Tire Sports Car Challenge. After that, back to his home turf at Road America. Nicolas Hammann's dream of becoming a pro racer has come true. The GT Academy National Finals are made up of four parts, equally weighted. Within each program, though, there is room for interpretation - a gray area where those in charge can make judgment calls about character and whatnot. On the first day, the competitors take part in a Gran Turismo 6 tournament, as well as a PR test. Day two is made up of a grueling physical challenge and a driving test behind the wheel of an actual car. The virtual racing takes place in a single room with multiple "sleds" — console setups with a built-in screen, Thrustmaster T500 force feedback steering wheel, and a pedal set. It is particularly balmy in Nashville during the first day of Finals, and all of the equipment — including a setup to livestream the competition on Twitch TV — makes the room uncomfortably hot. In this first part of the competition, drivers score points based on their finishing positions over a series of four rounds per group. Scrutineers look on to make sure everyone is playing above board. Between rounds, the individual competitors go before a panel of Nissan reps for the PR test, and they are asked a series of predetermined questions (with room for improvisation, of course). While the answers themselves provide some useful information about the competitor, it's the way they compose themselves that's really under inspection during this segment. After all, whoever goes on to race will be representing Nissan, Sony, and the country on a global stage. The longer a competitor is in the room the better, I'm told by the Nissan folks.

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.