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Posts Tagged ‘Carlos Ghosn’

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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Back from the Dead, Datsun Looking for Global Opportunities

Aiming at the 70% of the world’s population not yet mobile.

by on Oct.30, 2015

The new Datsun Go-Cross Concept.

With its tall roof, high seating position, rugged-looking skid plate and sunset-orange paint, the new Go-Cross looks like a stylish take on the crossover utility vehicles that have become increasingly popular in placed like the U.S., Europe and Japan.

But when it comes to market a couple years from now, it will take aim at a select group of emerging markets including India, Indonesia, South Africa and Russia. And it will likely carry a price tag of under US$10,000, a fraction of what a similar model might go for in established markets.

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While officially a concept car, for now, the Go-Cross is all but certain to become one of the next models offered by Nissan Motor Co. through its recently revived Datsun division.

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Nissan Uncovers 2016 Altima

CEO Ghosn takes new sedan to the streets of New York.

by on Sep.22, 2015

CEO Carlos Ghosn takes the 2016 Nissan Altima on a tour of the Big Apple.

Rather than climb up on stage at last week’s Frankfurt Motor Show, Nissan CEO Carlos Ghosn apparently wanted to keep the world waiting another week before getting a glimpse of the 2016 Altima makeover.

Instead, Ghosn spent the morning crawling through traffic to get to a series of business meetings in what has become one of the midsize market’s best-sellers. And after consecutive years of one-upping itself, Nissan hopes to do it again with the refreshed sedan.

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The 2016 Nissan Altima adopts some of the new styling cues we first saw on the redesigned Maxima earlier this year, adding optional LED headlamps and other changes to both the front and rear. The 2.5-liter engine now gets 39 mpg, making it among the best in its class. And there are new connectivity upgrades

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Will You Even Recognize Your Car in the Near Future?

Plenty of “disrupters” about to transform what we drive.

by on Sep.18, 2015

Poster courtesy United Artists.

In the 1973 film, “Sleeper,” Woody Allen is revived after being frozen following a botched operation. To escape the inept police state trying to terminate him, he steals a car that looks like a bubble, with frosted windows and no steering wheel. He simply tells it where to go.

The comedy was supposed to take place 200 years from now but, at least when it comes to the car, it could just as well happen in little more than a decade from now. A recent concept vehicle from Mercedes-Benz, the F 015, can black out its windows, use voice commands to safely drive automatically to a destination, and passengers can swivel their seats to turn the big sedan into a mobile living room.

Welcome to the Future!

At least, that’s the grand vision – but it’s creating nightmares for an auto industry facing tough new mileage, emissions and safety regulations and the need to invest tens of billions of dollars in new and largely untested technologies. And traditional automakers face the threat of new and well-funded challengers, such as Tesla, Google and Apple.

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