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Nissan introduces new seven-seat e-NV200 electric minivan

Intrigued by the prospect of an electric van like the Nissan e-NV200, but need to transport more people? The Japanese automaker may have just the solution. Nissan has announced the expansion of its battery-powered people-hauler with the new seven-seater e-NV200. Billed as the "world's first all-electric seven-seat MPV," the new model is being rolled out (in certain markets anyway) in response to popular demand, and packs an extra set of full-size seats in the back. The seven-seater joins the e-NV200 range alongside the existing panel van and five-seat versions. At the same time, Nissan has also announced the addition of a new premium Evalia trim for both five- and seven-seat versions. Previewed in concept form a few months ago, the e-NV200 Evalia is ideally suited for transporting VIPs in quiet luxury. NISSAN LAUNCHES SEVEN-SEAT E-NV200 - Seven-seat e-NV200 goes on sale in July - Model is world's first all-electric seven-seat MPV - Introduction of full-trim Evalia to e-NV200 line-up - Model launched in response to high demand Nissan will broaden the appeal of its award-winning all-electric e-NV200 this summer with the UK launch of a versatile and practical seven seat version. The new model – the world's first pure electric seven seater – is being introduced in response to huge interest from fleet operators and larger families keen to capitalise on the market-leading e-NV200's low running and maintenance costs and zero emissions performance. Prices start at GBP19,895 (incorporating the Government Plug-In Car Grant) for those choosing the convenience of the Nissan Flex battery leasing option*, and from GBP23,400 (inc PiCG) for those purchasing outright. At the same time, the e-NV200 line-up will be further strengthened with the addition of a new 'Evalia' version available in five and seven-seat form – offering a 'full trim' option for the ultimate combination of technology, style, sophistication and comfort. The developments mean the e-NV200 will be available as a panel van, five or seven-seat Combi, or five or seven-seat Evalia – giving customers the freedom to specify a vehicle that best suits their lifestyle or business requirements. Launched in response to demand The launch of the seven-seat version fills a gap in the market for an electric vehicle (EV) capable of accommodating larger groups of people. Private hire companies and shuttle services in particular have been keen to see its introduction since the e-NV200 was launched last year.

Kayaba, Sumitomo to pay millions for price-fixing in US

Kayaba Industry Co, which does business in the US as suspension parts maker KYB, and Sumitomo Electric Industries are facing payments in the millions to settle price-fixing cases about the components that they make. As part of the Department of Justice's ongoing crackdown of price fixing in the auto industry, KYB agreed to pay $62 million and pleaded guilty to conspiracy to set the cost of shock absorbers from the mid '90s through 2012. The company allegedly worked with co-conspirators to keep the cost of the parts high, and those components then made it into vehicles from Honda, Kawasaki, Nissan, Subaru, Suzuki, and Toyota. "Any collusive agreement among competitors to restrict price competition undercuts our free enterprise system and violates the law," said Carter M. Stewart, US Attorney of the Southern District of Ohio, in the DoJ's announcement. Over the past few years, the DoJ has brought cases against 37 parts suppliers and 55 executives, leading to over $2.6 billion in fines. The investigations haven't always been so successful – some of the Japanese execs fled from the US to avoid prosecution. Critics allege that price fixing is simply how business is done. According to Automotive News, Sumitomo Electric Industries is also facing a $50 million settlement in a civil lawsuit that's related to price fixing of parts like wiring harnesses and heater control panels. The plaintiffs include owners and dealers that purchased vehicles with these parts. The company asserts that the violations are from before 2010, and it now has different process in place to avoid further violations. KYB Agrees to Plead Guilty and Pay $62 Million Criminal Fine for Fixing Price of Shock Absorbers Kayaba Industry Co. Ltd., dba KYB Corporation (KYB) has agreed to plead guilty and to pay a $62 million criminal fine for its role in a conspiracy to fix the price of shock absorbers installed in cars and motorcycles sold to U.S. consumers. According to charges filed today, KYB conspired from the mid-1990s until 2012 to fix the prices of shock absorbers sold to Fuji Heavy Industries Ltd. (manufacturer of Subaru vehicles), Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Nissan Motor Company Ltd., Suzuki Motor Corporation and Toyota Motor Company, including their subsidiaries in the United States.

Automakers Renault, Nissan will become equals, with equal stakes in each other

TOKYO — Nissan and Renault have agreed to equalize the stakes they hold in each other, both sides said Monday, ironing out a source of conflict in the Japan-French auto alliance. Up to now, Renault Group has held a 43.4% stake in Nissan Motor Co., potentially giving it a larger say in how the Japanese automaker is run. It will transfer shares equivalent to a 28.4% stake to a French trust so each side will hold the same 15% stake in the other, according to the companies. The disparity between the holdings was a cause of friction, especially after Nissan became far more profitable than Renault. The agreement on the change is still being finalized and needs board approval from both companies. The companies said the shares in the French trust can eventually be sold but did not say to whom or how. They said the sale will be carried out in a “coordinated and orderly process” if a deal makes commercial sense to Renault Group, and that there is no time deadline. Until then, the voting rights would be “neutralized” for most managerial decisions, but the economic rights, such as dividends, will continue to go to Renault, the companies said. The top shareholder in Renault is the French government. Japanese Prime Minister Fumio Kishida met with French President Emmanuel Macron earlier this month. The alliance has had its ups and downs since it began in 1999, when Renault sent one of its executives, Carlos Ghosn, to then-struggling Nissan to lead a turnaround. Ghosn first served as Nissan's chief executive and later its chairman before he was arrested in late 2018 on various financial misconduct charges. The alliance, which also includes smaller Japanese automaker Mitsubishi Motor Corp. and remains one of the world's top auto groups, has been eager to put the Ghosn scandal behind it. Allegations against Ghosn include underreporting income, using investment funds for personal gain and illicit use of company expenses, including overseas homes and a yacht. Ghosn said he is innocent of all charges. He jumped bail in late 2019 and is now in Lebanon, which has no extradition treaty with Japan. The equalization of the crossholdings has been speculated about for some time. The companies called the move “an important milestone.” “The ambition is to strengthen the ties of the alliance and maximize value creation for all stakeholders,” said Nissan, based in the port city of Yokohama.