automotive industry

If the UK doesn’t act now, the car industry will vanish | Phillip Inman

If the UK doesn’t act now, the car industry will vanish | Phillip Inman

Brexit was the latest blow to the sector. Its future must not be left to the market – investment in electric vehicles is neededBritain’s economy is on course to grow by less than 1% in 2019. Last
Elon Musk set to cash in at Tesla as deliveries and shares soar

Elon Musk set to cash in at Tesla as deliveries and shares soar

The boss of the electric carmaker has a $50bn pay package ready to roll if the firm hits a $100bn valuationOne of the options on a fully loaded Tesla is “ludicrous mode”, a setting offering a 0-60mph

Senate Approves USMCA Trade Deal Replacing NAFTA

The U.S. Senate approved changes to the North American Free Trade Agreement on Thursday, effectively replacing the 26-year-old deal with the new United States–Mexico–Canada Agreement. USMCA embraces

Nissan Working on Contingency Plan in Case Things Go South With Renault

Despite Nissan and Renault spending much of 2019 attempting to reassure the world that their 20-year relationship was soundly intact, fractures have been impossible to hide from the public. If you
Polluting vehicles could be pulled from UK sale, say carmakers

Polluting vehicles could be pulled from UK sale, say carmakers

New fines for breaches on CO2 limits will clash with Britons’ taste for higher-emission SUVsCarmakers could pull models from the UK, the automotive industry has warned, as the British taste for
Lowrider: the DIY car mag that became a Chicano voice of resistance

Lowrider: the DIY car mag that became a Chicano voice of resistance

The California outlet – which gave Mexican Americans a chance to see themselves reflected positively in print – is ending its run after 42 yearsAfter a 42-year ride, the California car magazine

New Bill Aims to Boost America’s EV Adoption

Representative Debbie Dingell (D-MI) introduced new legislation on Wednesday in a bid to improve the uptake of electric vehicles in the United States. The bill, known as the USA Electrify Forward Act,

Carlos Ghosn Added to Interpol’s Most Wanted List, Sans Mugshot

Carlos Ghosn‘s daring escape from the physical boundaries of the Japanese legal system has already been entered into the annals of automotive history and filed under “legendary” status. Guilty or not,
Carlos Ghosn issued travel ban in Lebanon after Interpol red notice

Carlos Ghosn issued travel ban in Lebanon after Interpol red notice

Japan hits back at former Nissan boss after fugitive attacks its controversial justice systemJapan has hit back at Carlos Ghosn after the former Nissan boss’s criticisms of the country’s justice
Carlos Ghosn likens arrest to Pearl Harbor as he faces media

Carlos Ghosn likens arrest to Pearl Harbor as he faces media

Runaway former Nissan chair says he is victim of ‘inhumane system of hostage justice’Carlos Ghosn press conference – as it happenedThe former Renault-Nissan chair Carlos Ghosn likened his arrest by
Carlos Ghosn to make first public appearance since Japan escape

Carlos Ghosn to make first public appearance since Japan escape

At press conference in Lebanon the former Nissan boss may reveal how he jumped bail Wife says Ghosn’s escape from Japan was ‘beautiful surprise’Carlos Ghosn is to make his first public appearance
AutoX and Fiat Chrysler are teaming up on a robotaxi for China

AutoX and Fiat Chrysler are teaming up on a robotaxi for China

Autonomous vehicle startup AutoX, which is backed by Alibaba, said Tuesday that it is partnering with Fiat Chrysler to roll out a fleet of robotaxis for China and other countries in Asia. A fleet of
Woodford fund debacle shows an investment industry high on hubris

Woodford fund debacle shows an investment industry high on hubris

Dividend of £13.8m to founder and partner came as fund’s value was already sinking fastSurprise, surprise. Neil Woodford, a fund manager who saw no problem in charging £60,000-a-day fees on a fund
US trade deficit hits three-year low; Rolls-Royce record sales - as it happened

US trade deficit hits three-year low; Rolls-Royce record sales - as it happened

Rolling coverage of the latest economic and financial news, including a tale of two carmakersLatest: US boosts exports, cuts importsTrade gap with China shrinksRolls-Royce posts best year everSales up
Aston Martin warns on profits after 'very disappointing' year

Aston Martin warns on profits after 'very disappointing' year

Sales of carmaker’s Vantage model have been weak but it has high hopes for DBX SUVThe luxury carmaker Aston Martin has issued its second profit warning in 12 months after flagging a “very
Japan issues arrest warrant for Carlos Ghosn's wife

Japan issues arrest warrant for Carlos Ghosn's wife

Carole Ghosn accused of perjury, as Nissan says it will pursue former chairman who fled to LebanonProsecutors in Japan have issued an arrest warrant for the wife of Carlos Ghosn for alleged perjury,
Carlos Ghosn 'caught bullet train' during escape from Japan

Carlos Ghosn 'caught bullet train' during escape from Japan

Border controls tightened as Japan investigates how ex-Nissan boss skipped bailReports have emerged about how the fugitive former Nissan boss Carlos Ghosn managed to jump bail in Japan, as the
Carlos Ghosn's network of influence made it 'easy to flee' Japan, say prosecutors

Carlos Ghosn's network of influence made it 'easy to flee' Japan, say prosecutors

The businessman should have been kept in jail, prosecutors claim, because he had ‘financial power and foreign bases’Carlos Ghosn should have been kept in jail because his network of connections made
Carlos Ghosn: an arrest, an escape, and questions about justice in Japan

Carlos Ghosn: an arrest, an escape, and questions about justice in Japan

The feted car executive had railed against the motives behind his detention since the day he was arrestedCarlos Ghosn’s dramatic escape from Japan to Lebanon last week has raised many questions over
Private jet firm says it was duped over Carlos Ghosn escape

Private jet firm says it was duped over Carlos Ghosn escape

Turkish company MNG Jet leased planes believing they were for other clientsA Turkish private jet company has claimed it was duped into hiring the aircraft used to help the fugitive automotive boss