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Nissan shareholders oust Carlos Ghosn from board of directors

TOKYO — Nissan's shareholders approved on Monday the ouster from the Japanese automaker's board of its former chairman, Carlos Ghosn, who is facing allegations of financial misconduct. The approval, which was expected, was indicated by applause from the more than 4,000 people gathered at a Tokyo hotel for a three-hour extraordinary shareholders' meeting. Other votes had been submitted in advance. Ahead of the vote, Nissan's top executive apologized to shareholders for the scandal at the Japanese automaker and asked them to approve Ghosn's dismissal. Chief Executive Hiroto Saikawa and other Nissan executives bowed deeply in apology to shareholders attending the extraordinary meeting at a Tokyo hotel. Shareholders also approved the appointment of French alliance partner Renault SA's Chairman Jean-Dominique Senard to replace Ghosn. Renault owns 43 percent of Nissan. Senard, introduced to shareholders at the meeting's end, thanked them and promised to do his best to keep the automaker's performance on track. "I will dedicate my energy to enhance the future of Nissan," said Senard. The shareholders also gave a green light to removing from the board a former executive direct, Greg Kelly, who has been charged with collaborating with Ghosn in the alleged misconduct. Angry shareholders demanded an explanation for how wrongdoing on an allegedly massive scale had gone unchecked for years. The meeting was closed except to stockholders but livestreamed. One shareholder said Nissan's entire management should resign immediately. Saikawa said he felt his responsibility lay in fixing the shoddy corporate governance at Nissan first, and continuing to lead its operations. Another shareholder asked if Nissan was prepared for a damage lawsuit from shareholders since its stock price has plunged. "I deeply, deeply apologize for all the worries and troubles we have caused," Saikawa said. "This is an unprecedented and unbelievable misconduct by a top executive." He outlined the findings of an internal investigation, such as payments of a consultation fee to Ghosn's sister for 13 years. The investigation has also found too much power had been focused in one person, he said. Ken Miyamoto, 65, a Nissan shareholder, said he was disappointed. "It is really such a pity as he was a brilliant manager," Miyamoto said of Ghosn before heading into the meeting.

Turns out Mitsubishi's history is far more interesting than we thought

Former Autoblog editor-in-chief Mike Austin was kind enough to drop this little nugget onto Twitter yesterday: the history of Mitsubishi timeline on the company's press website. Basically, it's a virtual museum, spanning from the 1917 Mitsubishi Model A to the 2008 Galant Fortis Sportback. Frankly, it's not that surprising that they didn't go much further beyond that, but still, the timeline provides both a fun trip down memory lane and an introduction to fun and/or wacky JDM models we never got.  Besides showing photos, there's actually a sizable amount of info for each, which has quite clearly and often delightfully been translated from Japanese. Take the New Minica Toppo that "adopted a 1:2 door configuration with a single door on the driver's side and two doors on the passenger side (think a Hyundai Veloster), as well as a 'Super High Roof' that added 70 mm to the height of the standard roof ... Addressing the desire to drive something a little different, the lineup was soon joined by a number of variants with personalities designed to bring more fun to the class and including the recreation specification Carabosse, the young mother and baby-oriented Marble, and the Town Bee with its round frog-eye headlamps projecting just forward of the leading edge of the engine hood." Also, check out those diagonal door handles. There are more than just JDM kei car oddities, however. There's the Mitsubishi FTO, which you may remember from Gran Turismo and other racing video games from back in the day. It was "a car that delivered fun-to-drive qualities in abundance (and) was selected 1994-1995 Japan Car of the Year." If you didn't know, it was called the FTO because it slotted below the Mitsubishi GTO, the car you know as the 3000GT. I didn't know that before. Thanks, timeline! There's also the off-roady JDM Delica vans that are now all over the Pacific Northwest having surpassed the 25-year import embargo. The 1994 Delica Space Gear (above left) was notable in that it moved the engine under the hood rather than beneath the front seats where it was previously (above right with the Delica Star Wagon), but according to the timeline "The Gear variant name was added in the belief that customers would become attached to it as a familiar 'piece of gear' for leisure and everyday purposes." Judging by the ones I see around here in Portland, mission accomplished. "Suspension was by double wishbone at the front and a 5-link with coil spring arrangement at the rear.

Next-gen Mitsubishi Outlander PHEV gets more power all over

Looks like it's official — the U.S. will finally get the upgraded Mitsubishi Outlander PHEV that's been on sale in Europe and Japan since late 2018. AutoGuide perused documents Mitsubishi filed with the National Highway Traffic Safety Administration for 2021 product lineup. The paperwork shows a 2.4-liter engine with 126 horsepower replacing the 2.0-liter with 117 hp in the current U.S.-market Outlander plug-in hybrid. We've expected the engine change for a while, but we didn't have a horsepower rating before. The version on sale in Europe gets 133 hp from the 2.4-liter Atkinson-cycle four-cylinder, while promising "higher torque, smoother operation, and overall higher efficiency." We'll get the 13.8-kWh battery, up from the 12-kWh unit currently installed, and the rear electric motor gets bumped up to 93 hp, same as overseas. The e-motor on the front axle holds steady at 80 hp. Unless Mitsubishi has model-year shenanigans in mind, the documents describe the next-gen Outlander that's been promised for debut later this year. It will ride on a Renault-Nissan-Mitsubishi Alliance platform, expected to be the same architecture shared with the next-gen 2021 Nissan Rogue. The current Outlander and Rogue are just 0.3 inches apart, and both are expected to grow in size. The new Outlander's exterior will glean cues from the Engelberg Tourer concept (shown below) like vertically-oriented headlights, a reshaped greenhouse, and a larger rear roof spoiler. If Mitsubishi carries over the rest of the upgrades afforded the international Outlander PHEV versions, we're in for a more powerful generator, and new Sport and Snow modes. The suspension and 4WD Lock were also bolstered on the current crossover, but with an all-new generation, we'd expect thorough overhauls in hardware and software. The real prize will be finding out how much EV range the next plug-in hybrid Outlander promises beyond the 22 miles available on the current model. On Japan's testing cycle, the new powertrain extended all-electric driving from 37.8 miles to 40.4 miles. Mitsubishi Engelberg Tourer Concept View 10 Photos Related Video: