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Nissan’s CEO Carlos Ghosn told Automotive News today that he has ruled out a stand-alone hybrid like the Toyota Prius.
“We don’t have this in our plans,” Ghosn said. “We are not intending to play a leadership role in hybrids. “One company already assumed leadership in the technology. We want leadership on EVs.”
Ghosn said that Nissan [...]

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Coming as a shocker to most of us, Penske Automotive Group announced yesterday that it has “terminated its discussions with GM to buy Saturn, citing concerns directly related to the future supply of vehicles beyond the supply period it had negotiated with GM.”
Originally, Pesnke’s plans were to sell GM made models for the next three years. [...]

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Renault and Nissan CEO Carlos Ghosn believes that U.S. auto sales should begin recovery towards the end of 2009. On the other hand, Ghosn said that he doesn’t expect to see the European auto market to recover before 2011.
“I don’t see it in Europe before 2011. I see 2010 at the same level of 2009, [...]

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Nissan CEO Carlos Ghosn said that he has no plans to resign until the Japanese automaker is “once again comfortably making profits.”
When Ghosn joined Nissan from Renault in 1999 as chief operating officer, he said that he expected to stay for 10 years.
“If you leave now, you wouldn’t be leaving — you would be deserting,” he said [...]

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Now that Congress and even President-elect Barack Obama have voiced their opinions on Detroit’s Big 3 executives the question on everyone’s mind is: Who will replace GM’s Rick Wagoner? While GM COO Fritz Henderson may seem like a logical choice, his chances are slim since his supporters may be washed out along with Wagoner. Either [...]

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