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Carlos Ghosn's automaker mantra: Go big or you'll go away

Size matters in auto company survival, Renault and Nissan CEO Carlos Ghosn told an audience in Detroit on Tuesday. To cope with the escalating costs and scope of a global industry, successful automakers must complete a trifecta--be able to compete in every technology, every market and every segment, Ghosn said during a luncheon speech at the Detroit Economic Club “No 3 million-unit carmaker can make it,” Ghosn said, explaining why his Renault-Nissan alliance forged an alliance with Germany's Daimler AG. Competency in one or two of the three skills is not enough, and only very large companies can afford all three, he said.

Bentley SUV confirmed for production

A Bentley worker has told the Sentinel that the Bentley EXP 9 F – the Bentley SUV – is confirmed for production. It obviously didn’t seem like a big deal to the reporter at Staffordshire’s Sentinel newspaper when a Bentley employee told them that the Bentley SUV was going in to production and would guarantee employment for the next 14 years. But it is a big deal.

Mitsubishi will offer plug-in hybrid in 2013

Mitsubishi will launch a plug-in hybrid SUV in 2013, the head of the company's electric vehicle business unit said. The SUV will be similar to the Px-MiEV concept car shown at the 2009 Tokyo auto show, said Yoshikazu Nakamura, senior executive officer of Mitsubishi Motors Corp.'s global electric vehicle business. The plug-in hybrid is in its final stages of development, he said.