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Posts Tagged ‘Carlos Ghosn’

Nissan Launches ProPilot At Awkward Moment

Japanese automaker opts for cautious approach as Tesla Autopilot comes under fire.

by on Jul.15, 2016

The new ProPilot system goes beyond active cruise control but is not hands-free.

With a goal of launching its first fully self-driving vehicle barely four years from now, Nissan is taking a first big step to get there with the launch of its new ProPilot system.

But the debut of the semi-autonomous technology comes at a potentially awkward moment, rival Tesla Motors taking serious heat for a series of crashes that may be linked to the U.S. maker’s similar Autopilot systems.

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It’s perhaps no surprise, then, that Nissan officials put as much emphasis on the limits of ProPilot as they did on the new system’s capabilities during a preview at the company’s headquarters in Yokohama, Japan.

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Infiniti May add Semi-Autonomous Technology for Most New Models

Next step: fully autonomous vehicles.

by on Jun.08, 2016

The Infiniti Q50 already offers a steer-by-wire system that would readily enable autonomous driving.

Luxury brand Infiniti is likely to add semi-autonomous driving capabilities to most of its new models, the Nissan subsidiary’s president said, during an appearance at a global auto industry summit in Chongqing, China.

The move would potentially put Infiniti on a par, and perhaps ahead, of key luxury rivals in the race to bring fully self-driving vehicles on the road by the early part of the coming decade. And Infiniti’s announcement would echo the aggressive goals of Nissan CEO Carlos Ghosn, who has said the second-largest Japanese automaker wants to have as many as 10 autonomous vehicles in production by 2020.

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“This will be rolled out as we are launching new vehicles one by one,” Roland Krueger, Infiniti’s president, told the Reuters news service.

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Nissan Confirms Plan to Buy 34% of Scandal-Plagued Mitsubishi

Fire sale will give it control over smaller maker.

by on May.12, 2016

A "win-win," says Nissan CEO Carlos Ghosn - who also promises Mitsubishi "will change."

Nissan Motor Co. will take a controlling 34% stake in troubled Mitsubishi Motors for $2.2 billion, the two automakers confirmed on Thursday morning, something Nissan CEO Carlos Ghosn described as a “win-win” for both companies.

The announcement came on the same day the larger of the two makers announced that its earnings for the January-March period, the final quarter in its fiscal year, had dropped by 40%, largely due to weak sales and a strong yen.

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The decision to acquire a stake in Mitsubishi comes as the smaller maker continues to reveal damaging information about a secret effort to inflate its fuel economy numbers for as much as a quarter century. That scandal — ironically, triggered by concerns at Nissan over the mileage of cars it sells that are produced by Mitsubishi – have hammered the small maker’s sales and led to a more than 40% dip in its share price over the past month.

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Nissan and Renault Set to Launch 10 Autonomous Vehicles by 2020

“The future is not clear,” says CEO Ghosn.

by on Mar.24, 2016

“This is not a time to be conservative or cautious,” said Renault-Nissan CEO Carlos Ghosn in NY.

Already the world’s number one producer of battery-electric vehicles, Japan’s Nissan and its French alliance partner Renault intend to become the leader in autonomous driving, as well – CEO Carlos Ghosn telling a New York International Auto Show audience the partners intend to offer 10 vehicles with “significant autonomous drive functionality” by 2020.

According to Ghosn, the Renault-Nissan Alliance will begin to roll out increasingly advanced version of its technology over the next four years, starting with cars capable of operating hands-free in a single lane on limited-access highways. The next step will allow vehicles to pass and change lanes, with the alliance’s first, fully autonomous car set to go into production by 2020.

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“This is not a time to be conservative or cautious” about changing technology, said Ghosn, who added that traditional automakers face a series of potential challenges, some posed by an assortment of outside tech companies like Google and Apple.

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Renault and Nissan Tighten Embrace to Boost Earnings

Partners target $6 billion in new synergies.

by on Mar.04, 2016

Renault-Nissan Alliance CEO Carlos Ghosn sees more opportunities for savings.

Already one of the most successful partnerships in automotive history, the Renault-Nissan Alliance is targeting an additional $6 billion in new “synergies” by 2018, the two carmakers announced Friday.

The plan comes as something of a victory lap for Carlos Ghosn, the Brazilian-born executive who serves as CEO of the two companies. Late last year, he beat back a push by the French government, a major investor in Renault, which threatened to fracture the Euro-Asian alliance.

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“The auto industry is rapidly evolving, requiring Renault and Nissan to leverage the Alliance as a pragmatic business tool,” said Ghosn in a prepared statement.

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Nissan Turns $1.6B Q3 Profit

Automaker sees earnings rise 24% during quarter.

by on Feb.10, 2016

Nissan Chief Carlos Ghosn said the company expects to meet its financial forecast for the full year.

Like so many other automakers, Nissan rode the wave of record sales in North America to a profit last quarter.

The Japanese automaker reported a 24% increase in operating profit to $1.6 billion on revenue of $24.8 billion.

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Through three quarters, Nissan posted an operating profit of $4.8 billion, representing an increase of 40.6% on revenue of $73.5 billion, up 10.6%. (more…)

Ford Expects Record Profits; GM Sees Own Earnings Growth

Makers increase returns to shareholders; GM boosts stock buyback program.

by on Jan.13, 2016

Ford CEO Mark Fields showing off a new piece of technology at CES last week.

Investors take notice: while the stock market hasn’t been kind to the auto industry in recent weeks – or just about anyone else, for that matter – Detroit’s two largest carmakers are making some upbeat projections for 2016 that could make nervous shareholders happy.

Ford Motor Co. now expects to close the books on 2015 with a record pre-tax profit, with 2016 numbers to be “equal to or higher.” And GM is boosting its own earnings outlook for 2016. Both companies now plan to up their cash payouts to shareholders, while GM is expanding its ongoing stock buyback program.

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“This pattern of strong returns gives us a great platform to build on as we enter the year with a focus on strengthening our core business and engaging aggressively in emerging opportunities through Ford Smart Mobility,” said Ford CEO Mark Fields, in a statement detailing Ford’s forecast.

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Toyota Investing $1 Bil in US Artificial Intelligence Center

Technology could help make driving safer but also assist the disabled at home.

by on Nov.06, 2015

The Toyota FCV Plus cconcept is the sort of futuristic vehicle that could make use of AI breakthroughs.

Toyota will invest $1 billion to set up a new U.S. artificial intelligence and robotics research center over the next five years, the maker announced in Tokyo on Friday.

The new Toyota Research Institute Inc. will have offices in both Silicon Valley and Cambridge, Massachusetts, announced Akio Toyoda, President of Toyota and a grandson of the automaker’s founder. The facility will focus not only on ways to make driving safer but also on technology that can improve the lives of the elderly and disabled.

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A key target will be to “improve safety by continuously decreasing the likelihood that a car will be involved in an accident,” explained Dr. Gill Pratt, the CEO of the new venture. It also aims to “make driving accessible to everyone, regardless of ability,” while also applying technology “to indoor environments for the support of seniors.”

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Strong Nissan Profits Could Signal Good Numbers for Toyota, Honda

Nissan earnings up 38%, as maker raises full-year forecast.

by on Nov.03, 2015

Nissan CEO Carlos Ghosn at the Tokyo Motor Show.

Nissan Motor Co.’s strong quarterly earnings – and upgraded forecast for the full year – signal that its two chief Japanese rivals, Toyota and Honda, will also deliver solid numbers, industry analysts are forecasting.

Nissan delivered a 172.8 billion yen, or $1.4 billion, profits for the July-September quarter, the second in its fiscal year. That was up from 124.9 billion yen during the same period a year ago. And the maker said it expects to see a 17% increase in net income, to 535 billion yen, or $4.4 billion, for the full fiscal year ending next March.

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“We are increasing our financial forecast for the full year as our product offensive, our continued financial discipline and the ongoing benefits of our Alliance strategy is delivering better than expected results,” said CEO Carlos Ghosn.

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Autonomous Vehicles Involved in High Number of Crashes

Human drivers may have trouble sharing the road with self-driving vehicles, warns study.

by on Nov.02, 2015

A Google car in traffic. A new study suggests autonomous vehicles are experiencing five times the rate of accidents as regular cars.

Proponents have promised a world in which crashes, injuries and fatalities are virtually absent, but a new study warns that, at least for now, autonomous vehicles aren’t coming close to meeting those expectations.

The limited number of test vehicles now on the road have been involved in crashes at five times the rate of conventional vehicles, according to an analysis by the University of Michigan’s Transportations Research Institute, or UMTRI. But the news wasn’t entirely bad.

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“Self-driving vehicles were not at fault in any crashes they were involved in,” wrote researchers Brandon Schoettle and Michael Sivak. And, they added, “the overall severity of crash-related injuries
involving self-driving vehicles has been lower than for conventional vehicles.

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