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Nissan CEO Hiroto Saikawa resigns, successor to be named

YOKOHAMA, Japan — Nissan Chief Executive Hiroto Saikawa tendered his resignation Monday after acknowledging that he had received dubious income and vowed to pass the leadership of the Japanese automaker to a new generation. Board member Yasushi Kimura told reporters at an evening news conference at company headquarters in Yokohama that the board has approved Saikawa's resignation, effective Sept. 16, and a successor will be appointed next month. A search is underway, he added. Calls for Saikawa's resignation, which arose after the arrest last year of his predecessor, Carlos Ghosn, on various financial misconduct allegations, have grown louder after Saikawa acknowledged last week that he had received dubious payments. The income was linked to the stock price of Nissan Motor Co., and he has said his pay got inflated by illicitly adjusting the date for cashing in. The automaker's board met to look into the allegations against Saikawa, as well as other issues related to Ghosn's allegations and corporate ethics at the company. Kimura said the income Saikawa had received was confirmed as "not illegal." Ghosn, who is out on bail and awaiting trial, says he's innocent. Kimura and three other board members, who all have backgrounds outside the company, said their investigation of the scandal over Ghosn's arrest found that alleged misconduct by Ghosn and Greg Kelly, a former board member who was also arrested, had caused 35 billion yen ($350 million) in damage to the company. Nissan will seek a repayment of the damages, Kimura said. The board said about 10 candidates are being considered as a replacement for Saikawa. They did not identify them, but said outsiders and non-Japanese are on the list. Until a successor is decided, Chief Operating Officer Yasuhiro Yamauchi will serve as interim chief, the board said. Saikawa has not been charged. "I have been trying to do what needs to be done so that I can pass the baton over as soon as possible," he told reporters earlier in the day, referring to his willingness to leave his job. Saikawa did not appear at the news conference initially, but the four board members who led the event said he would later. Saikawa has said he didn't know about the improprieties, promised to return the money and blamed the system he said Ghosn had created at Nissan for the dubious payments. Japanese media reports said Saikawa had received tens of millions of yen (hundreds of thousands of dollars) in extra compensation.

2023 Infiniti QX60 adds three-year maintenance plan, higher price

Infiniti has published pricing information for the 2023 QX60. The second-generation crossover enters its second model year on the market with price increases across the board, a handful of new features and a three-year maintenance plan called Infiniti Premium Care. Buyers still have four trim levels to choose from. Pricing for the full range (including the $1,195 destination charge) is as follows: QX60 Pure: $50,395 ($2,520 more than in 2022) QX60 Luxe: $56,445 ($2,520 more than in 2022) QX60 Sensory: $59,795 ($2,420 more than in 2022) QX60 Autograph: $63,795 ($2,420 more than in 2022) Note that those figures correspond to the front-wheel-drive QX60. Motorists who want all-wheel-drive will need to pay and extra $2,000 regardless of trim. Small updates to the list of standard features complement the price hike. Every trim level gains a wireless device charger and a frameless rear-view mirror for 2023. The Luxe model gets gloss black trim on the rear bumper, while Sensory and Autograph trims receive gray trim. Heated front seats, 18-inch wheels, a 12.3-inch display for the infotainment system and a power-operated hatch continue to come standard. Infiniti Premium Care is the final addition to the QX60 line-up. Announced in June 2022, and offered on every 2023 Infiniti model, it's an integrated maintenance plan that includes three years' worth of engine oil and brake fluid changes, tire rotations, inspections, cabin air filter replacements, tire road hazard coverage, and, on some models, car rental assistance. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

2022 Infiniti QX60 fully revealed with vastly improved design

After a "concept" was shown last September, the significantly redesigned 2022 Infiniti QX60 has finally been revealed. And inside and out, it's a huge design improvement. It has a more traditional SUV exterior, with a much more modern and luxurious-looking interior complete with an infotainment system from this decade. As expected, the production QX60 looks just like the concept, and that's good in our book. It has a boxier, more confident shape but still with the brand's signature curvy detailing. The new two-tone paint is only available on the top-level Autograph trim, though. Interestingly, the new QX60 has the same wheelbase as the crossover it replaces, though it's overall two inches shorter and about an inch taller. Perhaps not surprisingly, the QX60's interior doesn't seem to have changed in size much. Only cargo space has been announced, and while it has 1.4 cubic feet more space with the third row folded, space is down by between 0.4 and 1.4 cubic feet behind the first row and the third row respectively. Space wasn't really the QX60's interior weakness, though — that was in the extremely dated design. Fortunately, the new model tosses everything from the old one out the window. It now has a low, flowing dash that helps provide a more airy feeling. It has the en vogue full-width air vents. It's particularly fetching in Autograph trim as shown above with semi-aniline quilted leather and open-pore wood trim. The infotainment is updated and features a 12.3-inch touchscreen. It can be matched with an available 12.3-inch instrument screen and a 10.8-inch head-up display. Infiniti has added additional sound-deadening, too, and among the standard features are a panoramic sunroof, three-zone automatic climate control, eight-way power heated seats, wireless Apple CarPlay, wired Android Auto and seating for seven. The Autograph swaps the second-row bench for captain's chairs. Powering the new QX60 is a tried-and-true 3.5-liter V6 making the same 295 horsepower and 270 pound-feet of torque as before. But, like its cousin the Nissan Pathfinder, it's now connected to a nine-speed automatic transmission, which also bumped towing capacity up to 6,000 pounds. Front-wheel drive is standard with all-wheel drive available on all trim levels. Infiniti says the all-wheel-drive system has been reworked for faster engagement, and it's able to send up to half of the engine's power to the rear wheels.