It looks like Carlos Ghosn is tired of talking about the inaction of the Japanese government with regards to the killer yen. He told his people to start packing. The Nikkei [sub] reports today that Nissan will stop making in Japan newly developed cars for export from Japan.  New cars will be produced at overseas plants.

“Under current foreign exchange rates, there can be no shipments from Japan of totally new projects,” Nissan’s COO Toshiyuki Shiga said. According to the report, anything with a new chassis that is intended for foreign markets will begin its life in those foreign markets. Says The Nikkei: (Read More…)

For quite some time, Carlos Ghosn had been the booh-leader against the strong Japanese yen. At the sidelines of the Tokyo Motor Show, he launched into his so far strongest worded tirade against the “abnormal” yen. He told the Japanese government to learn from the Swiss, and to basically peg the yen to another currency. (Read More…)

More pre-Tokyo-motorshow nekkyou-teki (craze): Nissan is creating buzz for its Juke by floating two videos for the Juke Nismo. The car will be on hand when the show opens to the press tomorrow. The car is a prototype only, to gauge customer reception. If customers react positively enough, the car will be made. If customers react blasé, it will be forgotten .

“It depends on the reaction at the Tokyo Motor Show. If it’s quite positive, we’ll consider introducing it into the market,” says Nissan President Shoichi Miyatani. (Read More…)

Tucked into a corner of the communication department of Nissan is a Japanese rarity: A closed room. Usually, a Japanese office is a sea of people, working elbow-to-elbow without even the suggestion of a cubicle. Most of the floor in Nissan’s swank headquarters in Yokohama is just like that.

Behind the closed doors however works an unusual group of people who probably have to be kept away from the general population anyway: An international team of professional journalists that could change the way companies interact with the media. (Read More…)

Renault already upset the European car market with its low cost Logan, which goes for around €7,700 (approx $10,000) in France. If the French newspaper La Tribune has its sources straight, then Renault could be coming out with a car that is priced like a high-end bicycle.

Renault allegedly is working on a car that will cost €2,500 ($3,350). France’s wire service Agence France Presse says it is not true, but la Tribune sticks to its guns and says that it maintains that its “proprietary information” is correct. According to TTAC’s proprietary information, AFP is wrong, and La Tribune is on the right track. (Read More…)

We have been following this phenomenon for a while. Joint ventures in China create faux Chinese brands. Because? Because it’s the right thing to do, at least as far as the Chinese government is concerned. Officially, the reason for those fake Chinese brands is to make cars more affordable. Off the record, automakers roll their (slanted and round) eyes at this reasoning. A new brand doesn’t miraculously make a car more affordable. In the contrary. To establish a brand costs money. To establish dealer networks costs money. To build new cars costs money, even if they are on passé platforms. But you’ve got to do what China’s bureaucrats think you’ve got to do. Possibly, all these joint venture brands, from GM’s BaoJun on out, will end up in nice statistics that prove that homegrown Chinese brands are selling, and that exports are up.

Why the rant? Nissan and Dongfeng show the first production model of the faux Chinese Venucia brand at the Guangzhou auto show. (Read More…)

“Car makers are huge users of cash – we use cash because we are big employers, big investors and because we have huge supply chain systems. So the working capital is necessary to make the company work. And if all of a sudden the banks stop lending or are frozen, you have a serious problem. A very serious, immediate problem.”

Nissan/Renault CEO Carlos Ghosn at the Japan Society, New York City, November 17, 2011 (Read More…)

Both Akio Toyoda and Carlos Ghosn are in the U.S. and what are they doing here? They complain loudly about the high yen.  Akio Toyoda uses an interesting reasoning. It may make Americans wish for an even higher yen. Toyota may shift a “significant” amount of production to the U.S., if the yen stays high, and if demand in Japan will fail to consume Toyota’s vast capacity there. If the majority of Toyota’s output is shipped overseas, then factories will follow.

“If demand in Japan recovers, we will continue and work to maintain production of 3 million units” in Japan, Akio Toyoda said to Bloomberg. “If most of it becomes exports, shifting a significant amount of production to the U.S. may be considered.” (Read More…)

Yesterday, the new 2012 Nissan GT-R landed on rank 10 of the fastest Nordschleife lap times. The only problem is: Nissan knows absolutely nothing about this record run. As far as Nissan is concerned, it doesn’t exist, and there is nothing to say. (Read More…)

TTAC commentator bumpy ii writes:

It’s definitely going to be used in this case. Anyway, I’m looking to pick up a fun weekend car in another 3-4 years. I like to plan ahead. Here’s what I want:

* 4 doors
* RWD
* manual transmission
* normally aspirated inline 6
* (the kicker) curb weight under 3,000 pounds
* preferably built after the Reagan administration (most everyone had their emissions stuff sorted out by then)

From what I can tell, this narrows the list down to 4 cars (in order of preference):

(Read More…)

With the Tokyo Motor Show only weeks away, Japanese manufacturers start dribbling out announcements of what they will show at the show.

Subaru for instance announced to the astonished world today “that it will roll out the Subaru BRZ compact sports car, jointly developed with Toyota Motor Corp. at the Tokyo Motor Show later this month,” says The Nikkei [sub]. No word from Toyota on its Subaru-sibling, any announcements from Aichi are under tight embargo. And when they say embargo in Japan, they mean it. Except when you are Nissan. (Read More…)

Ever since the messy collapse of solar panel maker Solyndra just two years after it received over half a billion dollars in government loans,  the political climate around all green energy loan programs has heated up considerably. As the White House opened an investigation of the Department of Energy’s entire loan portfolio, loan recipients and startup automakers Tesla and Fisker found themselves under attack. And why not? Fledging firms with unproven products in brutal, scale-driven industries are hardly safe bets, even in the best of times. And with the government drowning in deficits, who’s in a gambling mood?

What gets left out in the hue and cry is that Tesla and Fisker between them represent “only” about a billion dollars worth of DOE loans in a program that was supposed to be able to loan out $25b (the final tally could be closer to $18b). Dwarfing the half-billion-each investments in Fisker, Tesla, and Solyndra are projects that seem a lot less risky in contrast to the startups. Here, in Smyrna, TN, I got to see one of them being built.

(Read More…)

Of all the Japanese automakers, none are as far behind on hybrid technology as Nissan. For some time there was a sense that Nissan’s (relatively) huge investment in electric vehicle production would represent a “leapfrogging” of hybrid technology, but now the firm is using the common industry response to questions about future technology: a suite of options, rather than one single technology, will meet tomorrow’s low-energy transportation needs. As a result, Nissan’s been playing catchup, as it admits in a recent press release [PDF]

“We must have a tougher job than any other hybrid team in the industry,” says Mitsunobu Fukuda, a senior powertrain engineer at NATC. “Because our CEO, Carlos Ghosn, used to be known as skeptical about the value proposition of hybrids we had to make a really compelling case that we could deliver value to customers to get him to validate a hybrid program.

In 2004, as a stopgap measure, Nissan licensed hybrid technology from Toyota for use in certain markets.

“It was a bit of a blow to our pride, but that was the right thing to do under the circumstances,” Fukuda says.“Instead of rushing out a ‘copy-cat’ hybrid we wanted to take the time to develop our own hybrid, one that is clearly different – and better. I think we’ve managed to do that.”

What makes Nissan’s forthcoming hybrid system so different? For one thing, it uses Nissan’s “one motor, two clutch” system (currently found only on the Infiniti M Hybrid), which enables a compact design. For another, it’s supercharged.

(Read More…)

Nissan today released the 2012 model of its super car that is not only for the super rich, the GT-R. This is not a pre-announcement of what will be shown at the Tokyo Motor Show a few weeks from now. According to Nissan, the car “goes on sale in Japan on November 24 at Nissan dealers nationwide.”

The 2012 model has more power (550 hp, nominal), more torque (632 Nm), and uses a bit less gas (8.6 km/liter or 20 mpg, definitely non-EPA).

Unofficial acceleration times, measured on Sendai Highland Raceway, November 3:

• 0-100km/h: 2.8 sec. 
• 0-60mph: 2.7 sec.

With the 2012 GT-R, Nissan most likely will have another go at the Nordschleife. Nissan certainly dropped ample hints during the launch. (Read More…)

A lot of us have never been in a Nissan Leaf. But what about a battery operated Nissan Leaf Nismo race car? Chances are slim: Only eight of them have been (hand) built so far. Yesterday, I was in one of the few. (Read More…)