2004 Mitsubishi Endeavor Xls Awd - Runs/drives Great - Nice Inside - No Reserve! on 2040-cars

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Nissan CEO Uchida says he's willing to be fired if turnaround fails

YOKOHAMA — Nissan's new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan's second biggest automaker which is grappling with plunging sales in the aftermath of the scandal surrounding ex-chairman Carlos Ghosn. Makoto Uchida, who took over the top job in December, put his job on the line at the automaker's shareholders' meeting, where he faced demands ranging from cutting executive pay to offering a bounty to bring Ghosn back to Japan after he fled to Lebanon. Nissan's worsening performance has heaped pressure on Uchida, formerly Nissan's China chief who became its third CEO since September, to come up with aggressive steps to revive the company. On Tuesday, Uchida, who was repeatedly heckled by shareholders, said he was ready to face dismissal if he failed to improve profitability at the company, which is on course to post its worst annual operating profit in 11 years. "We will make sure that we steer the company in an effective way so that it is visible in the eyes of viewers. I will commit to this: if the circumstances remain uncertain you can fire me immediately," he said. Uchida, 53, did not give a timeframe for improving Nissan's performance. The new boss must prove to the board he can accelerate cost-cutting and rebuild profits at the 86-year-old Japanese giant, and that he has the right strategy to repair its partnership with France's Renault, sources have told Reuters. Uchida pleaded with shareholders to be patient while he comes up with a plan by May to recover from crumbling profits and a corporate shake-up following Ghosn's arrest in Japan in late 2018 over financial misconduct charges. "If you can be patient a little bit longer, on a day-to-day basis you will be able to sense we are changing," he said. Ahead of the meeting, some shareholders demanded more clarity about Uchida's plan. "I just want to know what the plan for recovery is. At the moment, the share price has dropped again, and the value of the company has plummeted," said a 70-year-old former employee who owns shares in the company. "If this is the situation, part of me thinks that we would be better off with Ghosn ... If we don't get a clearer vision of the path the company is taking, it will be a worry." Nissan's shares are trading around their lowest level in more than a decade following its latest earnings.

Junkyard Gem: 2007 Mitsubishi Galant Ralliart

We began getting Mitsubishi Galants here way back in the 1971 model year, when the Colt Galant showed up bearing Dodge Colt badges. Mitsubishi didn't start selling cars with its own badging in North America until the 1983 model year, and the first Mitsubishi-badged Galants showed up on our shores as 1985 models. When the ninth and final generation of Galant appeared for 2004, it was a generic-looking Camry rival, enlarged and priced attractively but otherwise not very interesting. Then, for 2007, a sporty Ralliart version showed up. Here's one of those rare cars, found in a snowy Colorado self-service yard recently. Ralliart is the racing and performance division of Mitsubishi Motors, and I've managed to find a few Lancer Ralliarts during my junkyard travels. I'd forgotten the existence of the Galant Ralliart, I must admit, so at first glance I took this car to be an ordinary Galant with Lancer Ralliart badges pasted on. Unlike the Suzuki Works Techno badges found on Aerios and Renos of the era, these Ralliart emblems really did indicate a quicker-than-the-base-model car. The '07 Galant Ralliart got a 258-horsepower V6 and a stiffer suspension, plus a few styling touches. It certainly would have been more fun than a new Camry, though the Mazdaspeed6 was quicker. Even the soporific Camry could still be bought with a manual transmission in 2007, but not the Galant. All the US-market 2004-2012 Galants (which were built in Illinois) came with automatic transmissions. The Galant managed to hang on until 2012, by which time it had been largely forgotten by American car shoppers. That's too bad, because the gadget-packed Galant Sigma four-door hardtops of the late 1980s and screaming Galant VR-4s of a bit later were interesting machines. I still haven't found a junked VR-4, though I have spotted a discarded Galant GS-X. This one lived fast and died young-ish. Perhaps someone will grab that 6G75 engine to swap into a Chrysler K-Car. We can hope. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Hop in. It's go time! This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Taiwanese car shoppers could buy this car as the Grunder. The real gone cats preferred the Grunder Police Interceptor, of course.

Carlos Ghosn appears in court: 'I am wrongly accused'

TOKYO — Former Nissan Chairman Carlos Ghosn told a Tokyo court on Tuesday that he was innocent, defending his honor in his first public appearance since he was arrested on Nov. 19 and charged with false financial reporting. "Your honor, I am innocent of the accusations against me," Ghosn told the judge, speaking firmly and calmly as he read from a statement. "I am wrongfully accused." Prosecutors have charged Ghosn, who led a dramatic turnaround at the Japanese automaker over the past two decades, with falsifying financial reports in underreporting his income by about 5 billion yen ($44 million) over five years through 2015. They also say he is suspected of having Nissan temporarily take on his investment losses from the financial crisis. Seen for the first time since his November arrest, Ghosn was wearing a dark suit without a tie, and plastic slippers, and looked thinner and with gray hair. He rebutted the allegations against him point-by-point and said he had the option to leave Nissan but had decided to stay on. "A captain doesn't jump ship during a storm," he told the court in a strong voice. The veteran auto executive, a familiar face at the World Economic Forum and other elite gatherings, was handcuffed and led into the courtroom with a rope around his waist as the hearing began. Officers uncuffed him and seated him on a bench. Presiding judge Yuichi Tada then read out the charges and said Ghosn, a Brazilian-born Frenchman of Lebanese ancestry, was considered a flight risk — he was arrested on his arrival in Tokyo by private jet — and might try to hide evidence. In Japan, suspects are routinely held without bail, often due to fears about evidence tampering. During Tuesday's hearing, Go Kondo, one of Ghosn's lawyers, argued he was not a flight risk. "He's widely known so it's difficult for him to escape. There is no risk that the suspect will destroy evidence," he said. Facing the courtroom, Ghosn spoke proudly of the automaker's — and his own — achievements, such as reviving iconic models like the GT-R and the Z, expanding operations in China, Russia, Brazil and India and pioneering electric cars and autonomous driving. "I have a genuine love and appreciation for Nissan," he said. Ghosn has been held in spartan conditions at a Tokyo detention facility since he was taken into custody. In keeping with Japanese regulations, he has been allowed visits only from his lawyers and consular officials.