Carlos Ghosn Ghosn was allowed to return to his residence while he awaits trial for financial misconduct Former Nissan chairman Carlos Ghosn, centre, walks out of detention in Tokyo following his release on bail. Photograph: Behrouz Mehri/AFP/Getty Images Carlos Ghosn has been freed from detention in Tokyo, almost four months after the former Nissan chairman… Continue reading Carlos Ghosn: former Nissan chairman released on bail in Tokyo
Author: The Guardian Online News
BMW may stop making Mini at Cowley if there is no-deal Brexit
BMW Carmaker joined by Toyota in warning over threat to jobs if UK leaves EU without deal Paint finishing at the Mini production line at BMW’s Cowley plant in Oxfordshire. Photograph: Chris Honeywell/BMW BMW has said it might be forced to stop making the Mini at its Cowley plant near Oxford in the event of… Continue reading BMW may stop making Mini at Cowley if there is no-deal Brexit
Carlos Ghosn, former Nissan chairman, granted bail in Japan
Carlos Ghosn Tokyo prosecutors expected to challenge decision to free businessman after charges he underreported his income Carlos Ghosn has repeatedly denied claims he underreported his income by tens of millions of dollars and transferred personal investment losses to the car company. Photograph: Benoît Tessier/Reuters Carlos Ghosn has been granted bail by a court in… Continue reading Carlos Ghosn, former Nissan chairman, granted bail in Japan
Aston Martin sets aside £30m for Brexit as revenues rise by 25%
Aston Martin Carmaker’s plans for no deal or disorderly exit from EU include £2m for revised supply routes Aston Martin sold 6,441 cars last year, up 26%, which was better than expected, and it says its special editions were in high demand. Photograph: David Sillitoe/The Guardian Aston Martin Lagonda has set aside £30m in preparation… Continue reading Aston Martin sets aside £30m for Brexit as revenues rise by 25%
BMW says piecemeal Brexit delays ‘not good’ for its four UK plants
Brexit Stop-start approach to Brexit could disrupt UK business, says head of purchasing BMW has already prepared for Brexit, including shutting a Mini plant in Oxford during April. Photograph: Gabriel Bouys/AFP/Getty Images BMW has said piecemeal delays to Brexit “would not be good” for the carmaker, spelling more uncertainty for its four UK plants. Andreas… Continue reading BMW says piecemeal Brexit delays ‘not good’ for its four UK plants
Vauxhall says it won’t shy away from the ‘dark side’ in no-deal Brexit
Vauxhall Chief executive issues warning of ‘unpopular decisions’ including factory closures The Astra production line at Vauxhall’s Ellesmere Port plant. Photograph: Matthew Howell/Vauxhall The chief executive of Vauxhall owner PSA Group said the carmaker would not shy away from unpopular decisions, including shutting factories, if there is a no-deal Brexit. Carlos Tavares said PSA has… Continue reading Vauxhall says it won’t shy away from the ‘dark side’ in no-deal Brexit
Aston Martin to publish first full-year figures since float
Aston Martin Stock market value has dropped £2bn but financial performance has been strong An Aston Martin DB11 at the company’s HQ in Warwickshire. The company’s shares have slumped 36% since October. Photograph: Andrew Yates/Reuters The luxury car firm Aston Martin Lagonda is gearing up for its first set of financial results since a disappointing… Continue reading Aston Martin to publish first full-year figures since float
‘Fanciful’ to say Honda didn’t consider Brexit when closing Swindon
Brexit Sir David Warren, former British ambassador to Tokyo, says UK-Japan trade and investment ‘held hostage’ by Conservatives’ internal politics Takahiro Hachigo, president of Honda, bows before a press conference in Tokyo on Tuesday. Photograph: Tomohiro Ohsumi/Getty Images Claims that Brexit had nothing to do with Honda closing its only UK manufacturing plant are “fanciful”,… Continue reading ‘Fanciful’ to say Honda didn’t consider Brexit when closing Swindon
Carmakers quitting Britain won’t blame Brexit – it’s not in their interest | Phillip Inman
Opinion Automotive industry Carmakers quitting Britain won’t blame Brexit – it’s not in their interest Phillip Inman Business leaders know that mentioning the B-word just isn’t worth the risk of souring consumer sentiment New vehicles leave the Honda plant in Swindon. Photograph: Adrian Dennis/AFP/Getty Images In 2012 a wave of anti-Japanese nationalism griped China. Angry… Continue reading Carmakers quitting Britain won’t blame Brexit – it’s not in their interest | Phillip Inman
‘Shattering body blow’ as Honda plans to close Swindon factory
Honda Japanese firm to shut plant in 2022 but maintain its European HQ near Bracknell in Berkshire Civic production at the Honda Swindon factory. The company employs 3,500 people in the UK. Photograph: Honda UK Honda is planning to close its factory in Swindon dealing what trade unions called a “shattering body blow” to an… Continue reading ‘Shattering body blow’ as Honda plans to close Swindon factory