2009 Nissan Cube Base Wagon 4-door 1.8l on 2040-cars

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Nissan teases Gripz concept inspired by 240Z rally cars

The rumor about Nissan's crossover concept for the Frankfurt Motor Show wearing the brand's famous Z badge is starting to make a lot more sense thanks to the latest teaser video. Dubbed the Gripz, this CUV takes inspiration from both 240Z rally cars and high-performance, road-going bicycles. So while this model might not be the next Z-car, it's definitely trying to evoke that style. According to Nissan, the Gripz "explores a new sporty direction for a crossover concept and was conceived to create an innovative new driving sensation." The video appears to briefly show a turbine at work, indicating the engine might be turbocharged. There's also a glimpse at a chronograph-inspired gauge cluster. Unfortunately, the company's latest clip doesn't give away much more than that, but there are some great glimpses of those old-school racers. The Gripz gets a full debut in Germany on Sept. 15. Nissan Gripz Concept makes its global debut in Frankfurt Designed to build on Nissan's pioneering Crossover leadership, Nissan's Gripz Concept will make its global premiere at the Frankfurt Motor Show. Inspiration for the Nissan Gripz Concept came from the legendary 240Z desert racers as well as the sleek two-wheel world of road cycling. The design explores a new sporty direction for a Crossover concept and was conceived to create an innovative new driving sensation. The world premiere will take place at the Nissan stand on September 15th, 2015. Stay tuned for more innovative Crossover thinking from Nissan. Related Video:

New allegations against Ghosn concern payments to Saudi businessman

BEIJING – Fresh misconduct allegations brought by Tokyo prosecutors against ousted Nissan Chairman Carlos Ghosn center on the use of company funds to pay a Saudi businessman who is believed to have helped him out of financial difficulties, two company sources with knowledge of the matter said. Prosecutors arrested Ghosn for a third time on Friday, accusing him of aggravated breach of trust in transferring personal investment losses to the automaker. The prosecutors' statement said they believe that around October 2008, Ghosn was trying to deal with losses on paper of 1.85 billion yen ($16.6 million) incurred on a swap contract he had with a bank which it did not name. A person helped arrange a letter of credit for Ghosn and a company run by the person later received $14.7 million in Nissan funds in four installments between 2009 and 2012, the statement said, adding that the payments were made in Ghosn's and the person's interests. "By doing so, (Ghosn) behaved in a way that breached trust, and inflicted damage on the property of Nissan," the statement said. The statement also said Ghosn had earlier sought to have Nissan shoulder the appraisal losses directly. According to the Nissan sources who have knowledge of the company's probe into its former chief, the person who helped Ghosn is Khaled Al-Juffali, vice chairman of one of Saudi Arabia's largest conglomerates, E. A. Juffali and Brothers, and a member of the board at the Saudi Arabian Monetary Authority. He is also majority owner of a company called Al-Dahana which owns half of a regional joint venture called Nissan Gulf with the other half held by a wholly owned unit of Nissan Motor. Sheikh Khaled Juffali has no comment on this subject, according to an emailed statement from E. A. Juffali and Brothers. Ghosn's Tokyo-based lawyer, Motonari Otsuru, was unavailable for comment on this article, according to a person who answered the phone at his law office. A representative for the Ghosn family declined to comment. Other media have said Ghosn has through a lawyer denied that he shifted losses to Nissan and has told investigators that the four payments were for legitimate business purposes, including a reward for handling problems at Nissan dealers in Saudi Arabia. Tokyo prosecutors declined to comment. Asked about Ghosn's reported comments, a Nissan spokesman said: "We cannot comment on matters related to Ghosn's arrest for breach of trust.

Formula Drift kicks off 11th season on Streets of Long Beach

The 2014 Formula Drift series kicked off last weekend in Long Beach, and saw Chris Forsberg, who you'll recall went mad and drifted around a warehouse in an Infiniti M, take the title behind the wheel of his Hankook Tire Nissan 370Z (shown above).
Forsberg really ran away with the first round of competition, outscoring his closest opponent, second-place finisher Kenneth Moen and his Bridges Racing Nissan 240SX, by 20 points. Third place was 2013 championship winner Michael Essa and his Yokohama BMW M3, 30.5 points behind Forsberg.
In the manufacturers' title, Nissan took an early lead with 122 points, which isn't a huge surprise considering five of the top ten drifters were piloting either a Z or a product of the brand's S platform. Ford, which had two drivers (Justin Pawlak and Vaughn Gittin, Jr.) in the top ten, took home second place, while BMW is currently third in the manufacturers' standings.