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'Zero' chance of Renault taking over Nissan, Mitsubishi, says Ghosn

TOKYO — Renault SA absorbing Nissan Motor Co. and Mitsubishi Motors Corp is not an option as the carmakers look to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn said on Friday. "Anybody who will ask Nissan and Mitsubishi to become wholly owned subsidiaries of Renault has zero chance of getting a result," Ghosn told shareholders of Mitsubishi Motors at a meeting. He also serves as chief executive of France's Renault. The alliance was the world's top-selling passenger vehicle maker in 2017, but as the global auto industry consolidates, it is looking to strengthen its position before the 64-year-old Ghosn, its main architect, retires in the coming years after overseeing the partnership for nearly 20 years. We reported in March that the carmakers were discussing a deeper tie-up, which could see the French government, a major shareholder in Renault, give up influence at Renault and the French carmaker relinquish control over Nissan. The three automakers have a unique partnership designed to leverage their combined scale to save on costs including R&D, parts procurement and production to better compete with rivals Volkswagen AG and Toyota Motor Corp. They are also interlinked by their shareholding structure. Renault holds 43.4 percent of shares in Nissan, while Nissan owns 15 percent of Renault, with no voting rights in a partnership that began in 1999. Mitsubishi Motors joined the alliance in 2016 after Nissan took a 34 percent controlling stake in the smaller automaker. Nissan CEO Hiroto Saikawa has said the alliance is not discussing a "full merger." Ghosn said that while the focus of the alliance was to sell more cars and increase profitability by reducing unnecessary duplication of processes, he wanted each of the three automakers to maintain their independence, which differentiated the group from Toyota and Volkswagen. "We need to work together ... to find a system by which what we have today, which is working very well, can continue in the future no matter who is leading the alliance," he said. "We need to prove that this is sustainable five years down the road, 10 years down the road, 15 years down the road." In a Figaro interview published last week, Ghosn was upbeat about the prospect of securing a new deal for the alliance despite its extreme political sensitivity in France and Japan, saying a plan would need to be announced "well before" the end of his four-year term at the helm of Renault in 2022.

Recharge Wrap-up: BMW, Nissan team up on chargers, CNN loves Tesla Model X

CNN Money calls the Tesla Model X "the new king of crossover SUVs." In its round-up of its favorite luxury SUVs of 2015, CNN places the electric ute on the top of its list. The Model X's EV powertrain, excellent acceleration and handling and cool design and technology features (including much attention paid to its slick Falcon Wing doors) earn it high praise. See the video above, and read more at CNN Money or from Clean Technica. Tesla has plans to open offices in Korea and South Africa. Tesla has registered in Korea as Tesla Korea Limited under co-CEOs Todd Maron (Tesla general council) and Susan Repo (Tesla Financial Services). It will have an office near Seoul. Tesla is also reportedly opening an office in South Africa in January, with GreenCape CEO Evan Rice acting as Business Development Manager. Rice will work to build a market for Tesla's PowerPack stationary energy storage systems. Read more from Korea Times, from htxt and from Teslarati. BMW and Nissan are partnering to build 120 new fast charging stations in the US. The public, 50-kW DC chargers, operating on the Greenlots charging network, will be deployed in 19 states in order to support Nissan Leaf and BMW i3 drivers, and to help promote EV adoption in the US. The chargers will support both CHAdeMO and SAE Combo charging. "Together with Nissan, we are focused on facilitating longer distance travel so that even more drivers will choose to experience the convenience of e-mobility for themselves," says BMW's Manager of Connected eMobility, Cliff Fietzek. Kia also recently partnered with Greenlots to provide charging for Soul EV drivers. Read more in the press release below. BMW AND NISSAN PARTNER TO DEPLOY DUAL FAST CHARGERS ACROSS THE U.S. TO BENEFIT ELECTRIC VEHICLE DRIVERS • A total of 120 dual-port 50kW DC Fast-charging stations have been installed across 19 states to support longer distance electric vehicle travel for Nissan LEAF and BMW i3 drivers. • These publicly available Greenlots-networked charging stations include both CHAdeMO and CCS (Combo) connectors, suitable for all DC Fast charging-capable electric vehicles in the U.S. WOODCLIFF LAKE, NJ and NASHVILLE, TN - December 21, 2015... BMW and Nissan are joining forces to offer public DC Fast charging at 120 locations across 19 states in an effort to support Nissan LEAF and BMW i3 customers and to promote increased adoption of electric vehicles (EVs) nationwide.

Ex-Green Beret arrested in Ghosn's escape has lived a life of danger

This Dec. 30, 2019, image from security camera video shows Michael L. Taylor, center, and George-Antoine Zayek at passport control at Istanbul Airport in Turkey. Taylor, a former Green Beret, and his son, Peter Taylor, 27, were arrested Wednesday in Massachusetts on charges they smuggled Nissan ex-Chairman Carlos Ghosn out of Japan in a box in December 2019, while he awaited trial there on financial misconduct charges. / AP   Decades before a security camera caught Michael Taylor coming off a jet that was carrying one of the world’s most-wanted fugitives, the former Green Beret had a hard-earned reputation for taking on dicey assignments. Over the years, Taylor had been hired by parents to rescue abducted children. He went undercover for the FBI to sting a Massachusetts drug gang. And he worked as a military contractor in Iraq and Afghanistan, an assignment that landed him in a Utah jail in a federal fraud case. So when Taylor was linked to the December escape of former Nissan CEO Carlos Ghosn from Japan, where the executive awaited trial on financial misconduct charges, some in U.S. military and legal circles immediately recognized the name. Taylor has “gotten himself involved in situations that most people would never even think of, dangerous situations, but for all the right reasons,” Paul Kelly, a former federal prosecutor in Boston who has known the security consultant since the early 1990s, said earlier this year. “Was I surprised when I read the story that he may have been involved in what took place in Japan? No, not at all.” Wednesday, after months as fugitives, Taylor, 59, and his son, Peter, 27, were arrested in Massachusetts on charges accusing them of hiding Ghosn in a shipping case drilled with air holes and smuggling him out of Japan on a chartered jet. Investigators were still seeking George-Antoine Zayek, a Lebanese-born colleague of Taylor. “He is the most all-American man I know,” TaylorÂ’s assistant, Barbara Auterio, wrote to a federal judge before his sentencing in 2015. “His favorite song is the national anthem.” Kelly, now serving as the attorney for the Taylors, said they plan to challenge JapanÂ’s extradition request “on several legal and factual grounds.” “Michael Taylor is a distinguished veteran and patriot, and both he and his son deserve a full and fair hearing regarding these issues,” Kelly said in an email.