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Nissan CEO Makoto Uchida rules out closer capital ties with Renault

YOKOHAMA — Nissan is committed to its automaking alliance with Renault but will not look to deepen its capital ties with the French automaker any time soon, its new CEO said on Monday. On his first day in the new position, chief executive Makoto Uchida also pledged to repair profitability at Japan's No. 2 automaker and said setting realistic targets would be key toward that goal, as it tries to make a clean break from the leadership of former chairman Carlos Ghosn. "Closer capital ties with Renault are not a focus in the short term," he told reporters. Uchida became CEO of Nissan on Dec. 1, as the car maker tries to recover from a profit slump and draw a line under a year of turmoil after the Ghosn scandal. The ousted chairman is fighting financial misconduct charges in Japan. One of the new CEO's big tasks is to salvage ties with Renault, which have deteriorated since Ghosn's ouster as chairman of both companies. Renault holds a 43.4% stake in Nissan after it saved the Japanese automaker from financial ruin two decades ago, and has pushed for the two companies to merge. In rejecting a notion of a merger with Renault, Uchida, 53, echoes his predecessor Hiroto Saikawa, who stepped down in September. He added that the alliance must re-think how it can serve all of its three members, which also includes Mitsubishi Motors. "The alliance has to benefit each of its partners in terms of revenue and profit," he said. "We need to re-evaluate what has worked and what hasn't worked in the alliance in the past few years." The CEO called for Nissan to set "challenging but achievable" targets, adding that this and the launch of more new car models and vehicle technologies would be key to its financial recovery. Nissan is bracing for its lowest annual profit in 11 years and has slashed its dividend by 65%. Its struggles come at a time when car companies desperately need scale to keep up with sweeping technological changes like electric vehicles and ride-hailing. "Somewhere along the way we created a culture of setting targets which could not be achieved," Uchida said, adding that this had resulted in a focus on short-term results. "Years of this had led Nissan to its current "difficult situation," he said, using heavy vehicle discounting in the U.S. market as an example of how aggressive sales targets to grow market share had deteriorated the company's brand.

2022 Mitsubishi Outlander First Drive Review | More than a redesign

It only takes a minute behind the wheel of the 2022 Outlander to understand how Mitsubishi’s alliance with Nissan and Renault has allowed it to reap dramatic rewards. The 2022 Mitsubishi Outlander isnÂ’t just redesigned, itÂ’s a thorough rethink on how to attack the compact crossover marketplace. Not only that, itÂ’s vaulted Mitsubishi from an also-ran to a solid contender for your hard-earned bucks. The Mitsubishi Outlander is not a rebadged Nissan Rogue. The two crossovers share their platform and powertrain, and Mitsubishi says they were co-developed and Outlander was not simply a hand-me-down. They differ in many notable ways, not the least of which is a standard third row (sized for very limited use) in the Outlander thatÂ’s not offered in the Rogue, but also in tuning, design and materials. The new Outlander certainly stands out with a front view thatÂ’s dominated by MitsubishiÂ’s "Dynamic Shield" fascia. Two curved chrome swoops work as outward-facing brackets to a grille with horizontal slats above a patterned opening. Lighting clusters are split into two parts, with LED driving lights and turn signals on top, and vertically stacked headlights below. Unlike some other “bold” faces currently seen in the industry, MitsubishiÂ’s design divides opinions but somehow looks better and more interesting in person than on screen. Mitsubishi managed an iteration of the floating-roof trend that looks different than anything else. ThereÂ’s an unusually flat roof in profile that ends in a brim-shaped rear spoiler atop a pillar at the very back of the car thatÂ’s shaped like a jet fin. Deep cutlines create a strong shoulder with a parallelogram indentation below the knee. All but base-model Outlanders are fitted with 20-inch wheels that are highlighted above with stamped-in brows. It all adds up to an imposing design that looks larger than it is. In reality, the 2022 Outlander is indeed larger in every direction than the 2020 edition (thereÂ’s no 2021 model) but in most measurements, is right about the same size as its compact crossover competitors. Its 106.5-inch wheelbase matches the Rogue, but the three-row Outlander is 2.4 inches longer overall. Compared to the 2020, thereÂ’s more adjustment for the driver to find a comfortable position plus an inch more legroom up front, and 1.1 inches more in the middle row. ItÂ’s 2.0 inches wider than before, which adds as much as an inch and a half more shoulder and hip room, depending on the seat.

2023 Japan Mobility Show Editors' Picks

No, it's no longer called the Tokyo Motor Show, but the Japan Mobility Show is still in Tokyo and it still has to do with motors. In fact, with the rise of EVs, it's more of a motor show than ever before. And there were an astounding number of motors (and engines) to see, or at least concepts that hypothetically have them. Truly, we haven't seen a turnout this amazing since before the pandemic.  As such, the 2023 Japan Mobility Show featured plenty of machines that could, and did, snag points from our editors. And yet, even with the massive field, one car, unequivocally, stole our hearts. Read on to see our favorites.   Toyota Land Cruiser Se concept View 4 Photos 5. (Tie) Toyota Land Cruiser Se  While this concept is not quite the off-roader that the Land Cruiser is known to be, a street-focused electric SUV seems like a fine fit for the Toyota portfolio. It's hard to imagine we won't see an electric Land Cruiser come to production one day, filling out that as-yet underrepresented three-row EV segment. Give us an even more rugged version, and we'll be happy — Senior Editor, Green, John Beltz Snyder   Subaru Sport Mobility Concept View 7 Photos 5. (Tie) Subaru Sport Mobility I'm still waiting for a fun, electric sport coupe, and as much as I enjoy the likes of the rear-drive BRZ, I could have some serious fun in something like this all-wheel-drive Subaru Sport Mobility year round. I could fill that hole in my heart left by my '04 WRX. — Senior Editor, Green, John Beltz Snyder   Toyota EPU concept View 4 Photos 4. Toyota EPU You know what I like? Useful, funky little vehicles. The Ford Maverick and Hyundai Santa Cruz fit that bill well, and it seems a lot of other people like them, too, based on demand. You know what I also like? EVs. You know what combines those two things? The Toyota EPU. Assuming it was priced fairly reasonably (well below $40,000 is what I'm thinking), I would seriously be looking at getting one. I also seriously hope that Toyota's seriously looking at launching this, because it seems like a seriously great package. Seriously. — News Editor Joel Stocksdale   Mitsubishi D:X Concept View 8 Photos 3. Mitsubishi D:X Concept We sure do wish Mitsubishi sold the Delica here in the United States. We've long been fans of the van, which initially was sold in rear-wheel-drive form but adopted four-wheel drive in the early 1980s, and judging by the numbers we see imported to the States, we're not the only ones.