Big utility joins Nissan’s electric car push
Posted on November 13, 2009 at 2:52 pm
In Los Angeles for the U.S. unveiling of his LEAF electric car, Nissan CEO Carlos Ghosn announced his company has enlisted Houston-based electric utility Reliant Energy to help flesh out the infrastruture that will be needed to charge electric vehicles.
Ghosn: Electric cars need regulatory help
Posted on October 29, 2009 at 8:12 am
Speaking at UPenn’s Wharton School of Business, Nissan CEO Carlos Ghosn said that — between public perception and emerging-market growth — the auto industry has no choice but to dive headlong into the production of cars that don’t need fossil fuels. That said, he does say car makers need a good bit of government help to build a mass market.
The equipment isn’t cheap: A quick-charge device, Ghosn said, costs $30,000 — an investment that might make sense once there is a critical mass of electric-car drivers already on the road, but something that could seem expensive for service station owners in a market where electric cars remain rare. He called for governments to step in and spur the market via regulation. One idea: Make quick-charge facilities mandatory for anyone operating a gas station starting in 2012.
Nissan CEO confirms Smyrna electric plans
Posted on June 23, 2009 at 12:56 am
Speaking to reporters after his company shareholders’ meeting in Tokyo, Carlos Ghosn said Nissan will build electric cars and the batteries that will power them in Tennessee. The initial production capacity of 100,000 suggests the auto maker’s investment could reach $1 billion based on numbers Nikkei first reported a few days ago.
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Nissan expects smaller loss
Posted on May 13, 2009 at 2:13 pm
But it’ll still be $1.7 billion this year, the company said. U.S. sales are expected to fall 12 percent in 2009 and the yen’s relative strength also will hurt.
To offset the slump, Nissan Chief Executive Officer Carlos Ghosn plans to cut fixed costs by more than 200 billion yen, or 20 percent, from last year by reducing overtime and curbing recruitment. He also intends to cut production-related costs by 5 percent by working with suppliers to reduce the number of parts it uses.
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Oh no, says Ghosn
Posted on May 6, 2009 at 9:54 pm
Carlos Ghosn, the boss of Nissan and Renault, said reports of his interest in a future iteration of Saturn aren’t entirely correct.
A source close to the proceedings told BusinessWeek that confusion on the newswire and daily newspaper resulted from talks between Penske and Renault-Nissan, as well as between private equity firm Red Oak Partners, which is looking at acquiring Saturn, and Renault-Nissan about the French and Japanese automakers supplying Saturn with vehicles after 2011 when GM has said it won’t guarantee supplying cars and SUVs to Saturn showrooms.
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