2006 Mitsubishi Eclipse Gs Hatchback 2-door 2.4l on 2040-cars

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Nissan shares slide 5% after report Renault exploring stake reduction

TOKYO — Shares of Nissan Motor Co slumped 5% on Monday, their biggest fall in more than a month, following a report that top shareholder Renault may consider lowering its stake in the Japanese automaker. Bloomberg reported on Friday that Renault may consider lowering its Nissan shareholding as part of plans to separate its electric vehicle business. The French car maker has been pushing ahead with plans to split its electric and combustion-engine businesses in an attempt to catch rivals such as Tesla and Volkswagen On Friday, Renault said all options were on the table for separating the electric vehicle business, including a possible public listing in the second half of 2023. Any plans would be subject to approval from alliance partner Nissan, Renault finance chief Thierry Pieton said, adding the Japanese automaker was "in the loop" as Renault weighed up its options. Renault and Nissan have declined to comment on the report. Shares of Nissan fell to 509.8 yen in Tokyo, marking their biggest one-day decline since early March and underperforming an almost 2% drop in the Nikkei index. The car makers' two-decade-old alliance, which includes Mitsubishi Motors, was rocked by the 2018 ouster of alliance founder Carlos Ghosn amid a financial scandal. They have since pledged to pool more resources. In January they said they would work more closely together to make electric cars. They detailed a $26 billion investment plan for the next five years. But their unequal relationship has long been a source of friction in Japan. Renault owns 43.4% of Nissan, which in turn has a 15% non-voting stake in its shareholder. Renault bailed out Nissan two decades ago, but is now the smaller automaker by sales. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Earnings/Financials Green Mitsubishi Nissan Renault

Japan calls Ghosn's escape inexcusable and vows tighter immigration checks

TOKYO — Japan's justice minister on Sunday called the flight of former Nissan Chairman Carlos Ghosn as he awaited trial on financial misconduct charges inexcusable and vowed to beef up immigration checks. Justice Minister Masako Mori said she had ordered an investigation after Ghosn issued a statement a few days ago saying he was in Lebanon. She said there were no records of Ghosn's departure from Tokyo. She said his bail has been revoked, and Interpol had issued a wanted notice. Departure checks needed to be strengthened to prevent a recurrence, Mori said. While expressing deep regret over what had happened, Mori stopped short of outlining any specific action Japan might take to get Ghosn back. Japan does not have an extradition treaty with Lebanon. “Our nationÂ’s criminal justice system protects the basic human rights of an individual and properly carries out appropriate procedures to disclose the truth of various cases, and the flight of a suspect while out on bail is never justified,” she said in a statement. MoriÂ’s statement was the first public comment by a Japanese government official after the stunning escape of Ghosn, once a superstar of the auto industry. Tokyo prosecutors issued a similar statement Sunday. They had opposed Ghosn's release on bail, arguing he was a flight risk. First arrested in November 2018, Ghosn was out on bail over the last several months, and more recently had moved into a home in an upscale part of Tokyo. He has repeatedly said he was innocent. His statement from Beirut said he was escaping injustice. Japan's justice system has come under fire from human rights advocates for its long detentions, the reliance on confessions and prolonged trials. The conviction rate is higher than 99%. Even if Ghosn had been found innocent, the prosecutors could have appealed, and the appeals process could have lasted years. Ghosn's trial was not expected to start until April at the earliest. During that time, he had been prohibited from seeing his wife, and was only allowed a couple of video calls in the presence of a lawyer. Ghosn had been charged with underreporting his future compensation and breach of trust in diverting Nissan money for his personal gain. Although the details of his escape are not yet clear, Turkish airline company MNG Jet has said two of its planes were used illegally, first flying him from Osaka, Japan, to Istanbul, and then on to Beirut, where he arrived Monday and has not been seen since.

Scrapyard Gem: 2007 Mitsubishi Colt CZ2 5-door hatchback

YORK, England — Remember the Dodge and Plymouth Colts of 1971 through 1994? The Colt name stayed alive after that on Mitsubishis sold elsewhere in the world, and I've found a 21st-century example in a self-service wrecking yard near York, England. This generation of Colt served as the basis for the Smart ForFour, so (as promised) I'm following up a ForFour Junkyard Gem with this article about its sibling in the same knacker's yard. Like the ForFour, this car was built at the NedCar assembly plant in the Netherlands. Mitsubishi began using the Colt name in Japan back in 1962, then killed the name at home in favor of the Mirage when that car debuted in 1978. Export-market Mirages got Colt (or Champ, or Lancer and many others) badging at that point. For 2002, the Colt returned to Japan with a brand-new platform, and that's the generation we have here. The engine here is a 1.5-liter Mercedes-Benz turbodiesel, rated at 95 horsepower and 155 pound-feet. A 148-horse turbocharged gasoline-burning Mitsubishi 1.5 was available in the UK as well. The transmission is a five-speed manual. A six-speed automatic was an option. It's a small car but not microscopic; its wheelbase is just over 98" and its curb weight is about 2,500 pounds. The tall roof gives it great storage capacity, a trick often seen in kei vans. This generation of Colt continues to be sold in Taiwan through the present day, as the Colt Plus. In Europe, an all-new Colt based on the Renault Clio was launched last year. It was cheap. In Japan, cuteness was played up in Colt commercials.