Nissan As the firm abandons plans to build a major new model in the city, residents fear other employers will move elsewhere Robots weld vehicle panels in the Sunderland plant. Photograph: Oli Scarff/AFP/Getty Images Nissan’s Washington car plant in Sunderland remained silent on Sunday morning. The only sound came from the camera crews gathered at… Continue reading ‘It isn’t just Nissan, it’s all the jobs’: how the carmaker’s U-turn hit Sunderland
Author: The Guardian Online News
Carlos Ghosn says fellow executives plotted to oust him
Carlos Ghosn Nissan’s former chairman claims ‘plot and treason’ in first interview since his arrest Carlos Ghosn during an interview before his arrest. Photograph: Kin Cheung/AP Nissan’s former chairman Carlos Ghosn has accused fellow executives of a plot to oust him and prevent closer ties with the carmaker’s French partner, Renault, in his first interview… Continue reading Carlos Ghosn says fellow executives plotted to oust him
Nissan investigated by SEC after Carlos Ghosn charges in Japan
Nissan Carmaker ‘cooperating fully’ with inquiry into whether it accurately reported executive pay A Nissan Leaf hybrid car at the North American International Auto Show in Detroit. Photograph: Brendan McDermid/Reuters Nissan confirmed on Monday it was being investigated by the US Securities and Exchange Commission (SEC), undermining its efforts to move on from the arrest… Continue reading Nissan investigated by SEC after Carlos Ghosn charges in Japan
Carlos Ghosn exit must not affect Nissan-Renault alliance, says Japan
Nissan Trade minister calls for alliance to remain stable and hopes companies can begin talks Under the cross-shareholding structure of the alliance, Renault is the dominant partner despite Nissan contributing more profits. Photograph: Tomohiro Ohsumi/Getty Images Japan’s trade minister has said the carmaking alliance between Nissan and Renault must continue after the final departure of… Continue reading Carlos Ghosn exit must not affect Nissan-Renault alliance, says Japan
Ford says no-deal Brexit would mean costs of $800m in 2019 alone
Ford Carmaker fears delays at border, weaker economic outlook and tariffs on trade Ford has major operations in the UK, including factories in Merseyside, Dagenham and Bridgend that employ more than 5,500 workers. Photograph: Carl Court/Getty Images Ford has predicted that a no-deal Brexit will result in costs of $800m (£612m) during 2019 alone, in… Continue reading Ford says no-deal Brexit would mean costs of $800m in 2019 alone
Renault to name new bosses as Carlos Ghosn quits
Carlos Ghosn French carmaker’s board meets to appoint new chair and CEO to end Renault-Nissan leadership crisis Outgoing Renault carmaker CEO and chairman Carlos Ghosn, who resigned. Photograph: Charly Triballeau/AFP/Getty Images Renault’s board was meeting on Thursday to appoint new leadership, after the chairman and CEO Carlos Ghosn resigned. The French government, Renault’s biggest shareholder,… Continue reading Renault to name new bosses as Carlos Ghosn quits
Carmakers ramp up preparations for a no-deal Brexit
Automotive industry A host of major manufacturers move their business from UK regulators and stockpile parts All new car models sold in the UK and the EU must gain ‘type approval’ from regulators. Photograph: Geoff Caddick/AFP/Getty Images Carmakers are ramping up their preparations for a no-deal Brexit, with a host of major manufacturers moving regulatory… Continue reading Carmakers ramp up preparations for a no-deal Brexit
Carlos Ghosn offers to wear ankle tag if he is granted bail in Japan
Carlos Ghosn Court has already rejected one bail request from ex-Nissan boss, saying he is a flight risk Former Nissan executive Carlos Ghosn has been in detention in Japan since his arrest on 19 November. Photograph: Facundo Arrizabalaga/EPA Carlos Ghosn has vowed to remain in Japan in the unlikely event he is granted bail, even… Continue reading Carlos Ghosn offers to wear ankle tag if he is granted bail in Japan
Climate change threat to Germans’ need for speed on Autobahn
Germany Draft environmental measures include proposal to impose motorway speed limit A 120km/h speed limit sign on an Autobahn near Bremen. Photograph: Morris MacMatzen/Reuters The days of unlimited speeding on Germany’s famously fast Autobahn network could be over if the government adopts draft proposals on climate protection put forward by its committee on the future… Continue reading Climate change threat to Germans’ need for speed on Autobahn
Tesla to cut more than 3,000 jobs because cars ‘still too expensive’
Tesla Elon Musk says he has no choice but to reduce electric car manufacturer’s headcount Elon Musk says Tesla, which has been criticised for only offering the priciest customisations of the Model 3, needs to make progress towards cheaper variants. Photograph: China News Service/VCG via Getty Images Tesla is cutting more than 3,000 jobs, or… Continue reading Tesla to cut more than 3,000 jobs because cars ‘still too expensive’