2014 Nissan Maxima 3.5 Sv on 2040-cars

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Nissan CEO Saikawa admits he was overpaid, in policy violation

TOKYO — Nissan Motor Co was embroiled in another scandal over executive pay on Thursday after Chief Executive Hiroto Saikawa admitted to being overpaid in violation of internal procedures under a scheme designed by ousted Chairman Carlos Ghosn. An internal investigation found that Saikawa and other executives had received improper compensation, a source with knowledge of the matter told Reuters, raising doubts about Saikawa's pledge to improve governance in the wake of Ghosn's arrest last year for alleged financial misconduct. Saikawa apologized and vowed to return any improperly paid money as he admitted to Japanese reporters earlier on Thursday that he had wrongly received stock-related compensation under "a scheme of the Ghosn era." "I am deeply sorry for causing concern," Saikawa said, according to Jiji Press. In other comments reported by Kyodo news, Saikawa denied any direct role in the execution of a stock appreciation rights (SAR) scheme and said he thought "proper procedures" had been taken. The improper payments, including tens of millions of yen Saikawa received through the SAR scheme, were disclosed on Wednesday at a meeting of Nissan's audit committee, said the source who declined to be identified because the information is not public. Disciplinary action regarding the issue would be discussed at an upcoming board meeting, the source added. Nissan said in a statement that the findings from its probe including issues related to the share appreciation rights would be submitted to its board on Sept. 9. The company has been trying to strengthen governance, slash costs and boost flagging profitability amid persistent allegations of financial misconduct stemming from Ghosn's 20-year reign at Japan's second-biggest automaker. Ghosn is awaiting trial in Japan over charges including enriching himself at a cost of $5 million to Nissan. Kyodo reported that proceedings could start as early as March. He denies any wrongdoing and says he is the victim of a boardroom coup. Confidence in Saikawa had already been shaken by accusations he was too close to Ghosn, whose arrest in November rocked the global auto industry and exposed tensions in the automaking partnership between Nissan and Renault SA.

Nissan Xterra exits stage left [UPDATE]

Update: The original story said the 2016 Rogue switches to a camera-based blind spot warning system, rather than radar-based. The opposite is true, and the text is changed to reflect this. Nissan is announcing most its 2016 model-year changes, and you can say farewell to the Xterra after 15 years in the lineup. As previously rumored, the SUV is shuffling off without a replacement to join the similar recent fates of the Nissan Pathfinder hybrid and Volkswagen Touareg hybrid. The decision is easy to understand. The Japanese automaker's volume is up 4.6 percent through July in the US to 792,642 vehicles, but the Xterra moved just 8,114 examples in that time, down 25.1 percent from the same period in 2014. While the Xterra is leaving, Nissan has a lot in store for the 2016 model year. New additions to the lineup include the latest generations of the Maxima and Titan. Plus, the Altima and Sentra are being refreshed with reports suggesting both of them take design inspiration from the latest Murano. Nissan is also keeping the Rogue fresh, even though it was just redesigned for 2014. The SL Premium package gets forward emergency braking. Siri Eyes Free is added to the SV Premium package and SL, and body-colored mirrors with integrated turn signals come on the S appearance package. Finally, the blind spot warning system is now radar-based, rather than using a camera. You can read the full list of changes for each model in the press release below, but some of the highlights include: 370Z Coupe and 370Z Nismo are available with a Bose stereo with active noise cancellation and active sound enhancement. The Frontier gets a moonroof on the Crew Cab SV GT-R wears 20-spoke Rays wheels rather than the previous 10-spoke design Juke has standard Siri Eyes Free NV Cargo has added side-impact airbags NV Passenger gets a standard 5.8-inch infotainments system on the SL trim Pathfinder has an optional cold package on the SV with heated front seats, steering wheel, and side mirrors Versa Note SV now gets convenience package standard, which includes a 5.0-inch infotainment system, RearView Monitor, and Divide-N-Hide rear floor. The 2016 Nissan lineup: Charting the changes Nissan is a brand on the move. And on a roll. The past two years have seen the back-to-back introductions of the segment-busting 2014 Rogue and 2015 Murano, which helped drive Nissan to record 2014 calendar year sales of 1,269,565 (+12.2%) in the United States.

Chrysler, Nissan looking into claim that their cars are industry's most hackable

A pair of cyber security experts have awarded the ignominious title of most hackable vehicles on American roads to the 2014 Jeep Cherokee, 2014 Infiniti Q50 and 2015 Cadillac Escalade.
Charlie Miller and Chris Valasek are set to release a report at the Black Hat hacking conference in Las Vegas, Automotive News reports. The two men found the Jeep, Caddy and Q50 were easiest to hack based not on actual tests with the vehicles, but a detailed analysis of systems like Bluetooth and wireless internet access - basically, anything that'd allow a hacker to remotely gain access to the vehicle's systems.
Considering this lack of hands-on testing, the pair acknowledge that "most hackable" could be a relative term - they point out that the vehicles may actually be quite secure.