Ram and Jeep EcoDiesel Owners Stand to Earn a Nice Little Bonus in Fiat Chrysler Settlement: Report
As we told you yesterday, a settlement in Fiat Chrysler’s diesel quandary could come any day. Today, we’re telling you it could come, well, today.
According to sources who spoke to the New York Times, FCA plans to settle a 2017 Justice Department lawsuit by making a collection of 104,000 trucks and SUVs greener, while adding an average of $2,500 to owners’ wallets.
Ghosn Professes Innocence in Court Hearing
Ghosn, with the help of his team of lawyers, earned the right to speak in a packed Tokyo courtroom on Tuesday, and he used his time efficiently.
Described as looking gaunt, the jailed Renault CEO and ex-Nissan chairman claimed he was “wrongly accused” at the Tokyo district court hearing, adding that there’s nothing improper about the way he managed his finances.
Class-action Lug Nut Lawsuit Falls Apart, Gets Tossed
A group of Ford owners hoping to cash in on bad nuts did not get their day in court. Instead, their proposed class-action lawsuit was tossed out.
We told you about the 120-count complaint against Ford back in 2017, when the well-known firm Hagens Berman — a veteran of auto litigation — announced the lawsuit. Owners complained about swollen, delaminating lug nuts, stating that this led to out-of-pocket costs, safety concerns, and a reduction in their vehicle’s value. After looking at the case, the judge saw no reason to proceed.
Ghosn's Lawyers Have a Big Day Planned Tomorrow
Renault CEO and ex-Nissan Chairman Carlos Ghosn is apparently very eager to tell his story, and tomorrow he’ll get his chance. The industry titan, who has resided in a Tokyo jail since his Nov. 19 arrest, is scheduled to appear at a Tokyo court hearing Tuesday — a hearing his team of lawyers fought hard to get.
Following Ghosn’s appearance, those lawyers plan to go before the media.
You Can Fight Oregon and Win: Five-year Battle Sparked by Red Light Ticket Ends
We’ve told you before about the legal saga of Mats Järlström, a Swedish-born man living in the green and uber progressive state of Oregon. A few years ago, Järlström found himself in the crosshairs of the Oregon Board of Examiners for Engineering and Land Surveying after performing and submitting an analysis of his town’s traffic light timing — specifically, the duration of the amber light cycle.
What ensued was a constitutional legal battle over over the ability to refer to one’s self as an expert in the field of their expertise; in this case, engineering.
This all came about after Järlström’s wife received a red light camera ticket.
Tesla Board Gains Two Watchdogs As Musk Seeks a Way Out of His Cave Mess
Tesla’s nine-member board now numbers eleven, with many shareholders hoping that the addition of two independent directors — a key directive of Tesla’s SEC settlement — helps keep a lid on CEO Elon Musk’s stock-rocking shenanigans.
Whether or not the two new members can actually do this remains to be seen. Musk continued antagonizing the Securities and Exchange Commission even after agreeing to the settlement that saw him removed as chairman, and he insists no one’s vetting his tweets. Speaking of ill-considered tweets, Musk’s lawyers claim the British cave diver suing Musk for defamation should just let it go.
Details Emerge of Latest Ghosn Allegation
Ousted Nissan Chairman Carlos Ghosn didn’t have the kind of Christmas he’d have liked, cooling his heels in a Tokyo jail after new allegations led to his third arrest on Friday. This served to lengthen the already six-week-long internment of the industry titan.
Now, details have emerged of the alleged crime that’s keeping Ghosn behind bars.
Carlos Ghosn Re-arrested Following New Allegation
Just yesterday, it looked as if Renault CEO and former Nissan chairman Carlos Ghosn might make it out of jail by the weekend. Japanese prosecutors had another idea, however. The industry titan was re-arrested Friday morning on suspicion of aggravated breach of trust, pushing the possibility of bail and a hotel Christmas further from the realm of possibility.
Detained since his initial Nov. 19 arrest, Ghosn is now accused of covering losses incurred through derivatives trading with Nisan funds. Those losses — totalling $16.6 million — took place in 2008.
With Ghosn's Release Seemingly Imminent, Nissan Tries to Keep Him From Going Home
Detained in a Tokyo jail since his Nov. 19 arrest, Renault CEO and former Nissan chairman Carlos Ghosn could soon find himself out on bail. A Tokyo district court has rejected an appeal aimed at keeping Ghosn in detention, meaning Christmas might be brighter for the auto industry titan than previously thought.
Meanwhile, Nissan’s scrambling to ensure that, if Ghosn does walk free, he won’t return to a number of glitzy homes.
Guns, Drunks, and Rage: Waymo Self-driving Vans Targeted by Angry Arizonians
Waymo began testing its self-driving Chrysler Pacifica minivans in the Phoenix-area city of Chandler, Arizona two years ago, and the local populace hasn’t left them alone since.
A report in the Arizona Republic describes a multitude of incidents where citizens, apparently enraged by the sight of the Waymo vans, decided to threaten and attack their autonomous invaders. Unbeknownst to many of them, the vans were recording their every move.
Renault Keeps Ghosn as Chairman and CEO As Probe Reveals No Wrongdoing
Two automakers, two investigations, and two very different outcomes for one man.
Renault’s board of directors met in France today, deciding that CEO and chairman Carlos Ghosn should stay on in his current role in the wake of an internal investigation that members say showed no signs of criminality. Meanwhile, Ghosn sits in a Tokyo jail, indicted on charges of financial misconduct at Renault’s alliance partner, Nissan.
Away from the Paris streets, it seems everything’s hunky dory in France.
Amid Strained Relationship, Nissan Hands Renault the Straight Dope on Ghosn
Nissan’s board didn’t wait long to oust Carlos Ghosn as chairman following his Nov. 19 arrest, but alliance partner Renault’s board stood firm, awaiting more information. The waiting continued as Mitsubishi voted to drop Ghosn as chairman.
The disgraced executive, indicted this week by Japanese authorities on charges of underreporting his income by tens of millions of dollars, remains in a Tokyo lockup but still holds the title of Renault CEO. If the French automaker’s board finds the contents of a dossier delivered by Nissan compelling, that status could soon change.
Ghosn, Nissan Indicted by Japanese Authorities
Carlos Ghosn, his right-hand man, Greg Kelly, and the automaker Ghosn headed for years have been indicted by Japanese authorities following the pair’s re-arrest. The new raft of financial allegations raised last week gave the authorities the ability to keep Gosn and Kelly locked up until official charges could be laid.
Nissan, whose board ousted Ghosn as chairman shortly after his November arrest in Tokyo, didn’t get a free pass in the matter. Apologies were in order, but legal pain awaits.
Ghosn Planned to Oust Nissan CEO Prior to Arrest in Japan, Sources Claim
Prior to his arrest in Japan last month over presumed financial misconduct, Carlos Ghosn was allegedly planning to remove Nissan CEO Hiroto Saikawa. The plot has certainly thickened.
Ghosn, who was serving as Nissan Motor Co.’s chairman before being taken into custody, was believed to be on the cusp of an upper-level management shakeup within the Renault–Nissan–Mitsubishi Alliance. Part of that plan included finding a new CEO for Nissan, according to inside sources.
Renault's Ghosn, Arrested Two Weeks Ago, Faces Re-arrest
He won’t have to travel far. Carlos Ghosn, who was booted as Nissan chairman following his November 19th arrest in Tokyo, will reportedly be re-arrested on a new claim of financial misdealings.
The new allegations, which also involve underreported income, give Japanese authorities what they’ve been looking for — more time with which to lay formal charges. Under the current extension granted late last week, Ghosn would have to walk free on December 10th. If re-arrested, it’ll mean a meager Christmas for the industry giant.