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Ghosn's first jail interview: I was the victim of 'plot and treason'

TOKYO — Carlos Ghosn said Nissan executives opposed to his plans for closer ties with automaking partner Renault SA resorted to "plot and treason" to disrupt them and were behind the financial misconduct allegations against him. Speaking to the Nikkei newspaper in his first media interview since his arrest on Nov. 19, Ghosn said he had discussed plans to integrate the companies with Nissan CEO Hiroto Saikawa in September. But Nissan executives employed "plot and treason" to uproot those plans, Ghosn said. Ghosn, who spearheaded Nissan's turnaround two decades ago, had pushed for a deeper tie-up between Nissan and Renault, including possibly a full merger, despite strong reservations at the Japanese corporation. He remains in detention following his arrest and indictment on charges related to breach of trust and understating his salary. His arrest has clouded the outlook for closer ties between Nissan and Renault, along with Mitsubishi Motors Corp, the third member of the automaking alliance Since his arrest, Saikawa has said it was not the time to discuss revising the partners' complex capital ties. Nissan and Mitsubishi Motors have dismissed Ghosn as chairman, while he has resigned from the helm at Renault. Ghosn denied accusations of improper payments to a company run by a Saudi businessman, saying the payment had been approved by a Nissan executive. Ghosn also called accusations by both Nissan and Mitsubishi that he received nearly 8 million euros in improper payment through a Dutch-based joint venture of the two automakers "a distortion of reality," and argued his luxury residences in Rio de Janeiro and Beirut were approved by Nissan's legal department. Nissan has said it was not aware that it had paid for many of Ghosn's properties. On Wednesday, a spokesman said that the company was unable to comment on Ghosn's legal defense. Ghosn, in the 20-minute interview, denied that his tenure at Nissan had been a "dictatorship." "People translated strong leadership to dictator, to distort reality" for the "purpose of getting rid of me," he said. Ghosn added that his health was fine, and that he wouldn't flee if freed on bail. Meanwhile, NHK reported that Saikawa plans to hold his first face-to-face discussion with new Renault Chairman Jean-Dominique Senard on the sidelines of an alliance meeting in the Netherlands on Thursday.Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Mitsubishi profits in North America for first time in seven years

Well, this is a change of pace. Mitsubishi has actually made some money in North America. It's the company's first operating profit in seven years, and while it might only be $4.18 million – yes, Mitsubishi made less in 2014 than some professional athletes – it's definitely a start. Sales in the US were up 19 percent between January and March, to 32,000 units, while 2014's overall sales jumped 21 percent to 117,000 units, Automotive News reports. Perhaps more impressively, the company is predicting a bountiful 2015, with sales up to 128,000 units and operating profits climbing to $58.5 million. If Mitsubishi is doing this with cars like the ancient Lancer and the awful Mirage, we should probably expect some good things when newer, more competent vehicles like the new Outlander hit dealers.

Junkyard Gem: 2012 Mitsubishi Eclipse Spyder

When Chrysler and Mitsubishi partnered to establish the Diamond-Star Motors plant in Illinois, the first cars built at that facility were 1990 Mitsubishi Eclipses along with their Eagle Talon and Plymouth Laser twins. The Eclipse went through four generations, with 2012 as the final model year. Today's Junkyard Gem is one of the very last Eclipses, found in a Denver car graveyard recently. This generation of Eclipse was built starting with the 2006 model year, and it was based on a platform shared with the Galant and Endeavor. It was substantially larger than the early Eclipses, scaling in at nearly 3,500 pounds. The Spyder convertible version of the fourth-gen Eclipse debuted in the United States as a 2007 model. Sales were never strong and became downright miserable by the end, with fewer than a thousand 2012 Eclipses (both coupes and convertibles) leaving showrooms. This car is a base-grade GS with automatic transmission, and its VIN indicates that it was built for fleet sale. This would have been a fun rental car, at least compared to the Dodge Nitros and Kia Rios that stocked rental fleets in the early 2010s. The engine is a 2.4-liter SOHC straight-four rated at 162 horsepower and 162 pound-feet. The MSRP was $27,999, or about $38,581 in 2024 dollars. 2012 was also the final year for the Galant in the United States, though that was the model year in which the i-MiEV went on sale here. For the 2018 model year, Mitsubishi revived the Eclipse name — sort of — for the Outlander-derived Eclipse Cross compact SUV, which is still being built to this day. Rare? Very. Valuable? No. You could get the Eclipse Spyder with a 650-watt sound system. Driven to thrill.