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Cloud rises over diesel plan for Nissan Maxima
Wed, 18 Mar 2009Nissan North America may postpone a V6 diesel engine planned for the Maxima sedan in 2010. Since the company revealed its Maxima diesel plan two years ago, gasoline prices have fallen dramatically, auto sales have collapsed and Nissan has begun reviewing product plans as it scrambles to restore profitability. "We haven't reached a decision on the diesel yet, but we have to consider where we want to put our capital investments," says Larry Dominique, North American vice president for product planning.
Auctioneer Dean Kruse's money woes continue
Thu, 19 Nov 2009Auburn, Ind., auctioneer Dean Kruse has been ordered by a local court to pay more than $1.3 million to an Indiana bank, and a leasing company has asked a federal judge to repossess Kruse's 1985 Cessna jet, which had been insured at $3.5 million. These two recent events are on top of several months' worth of financial woes for one of the classic-car world's best-known auctioneers. AutoWeek reported in August that people from across the country were complaining that they had not been paid for cars sold at various Kruse International auctions.
Nissan to move Murano build to Tennessee, report says
Thu, 13 Sep 2012Nissan Motor Co. plans to shift output of the Murano crossover to its Smyrna, Tenn., plant from Japan, as it overhauls production amid the soaring yen, a news report said. The changeover will come around 2014, when the Murano is expected to undergo a full model change, Japan’s Nikkan Kogyo business daily reported on Thursday.