Porsche Company says move is a precaution in case WTO tariffs apply to EU-UK trade Porsche’s production line in Leipzig, Germany. Photograph: Matthias Rietschel/Reuters Porsche is asking British customers to sign a contract committing them to pay a surcharge of up to 10% of their vehicles’ purchase price if there is a no-deal Brexit. Cars… Continue reading Porsche asks UK buyers to commit to 10% no-deal Brexit surcharge
Author: The Guardian Online News
Lawyer defending ex-Nissan chairman Carlos Ghosn resigns
Carlos Ghosn Reports in Japan suggest Motonari Otsuru will be replaced by Junichiro Hironaka It is unclear why Motonari Otsuru has quit the defence team. Photograph: Kim Kyung Hoon/Reuters Motonari Otsuru, the lawyer heading the defence for Nissan’s former chairman Carlos Ghosn, has resigned. Otsuru’s office and a statement submitted to the court confirmed that… Continue reading Lawyer defending ex-Nissan chairman Carlos Ghosn resigns
Nissan cuts profit forecast as it takes £65m Carlos Ghosn charge
Nissan Japanese says it will face additional expenses linked to payments to former chairman Nissan lowered its 2018 forecast to an operating profit of £3.2bn. Photograph: Tannen Maury/EPA Japanese carmaker Nissan has cut its full-year profit forecast and taken a 9.2bn yen (£65m) charge related to the scandal around its former chairman, Carlos Ghosn, who… Continue reading Nissan cuts profit forecast as it takes £65m Carlos Ghosn charge
Brexit: what are carmakers’ contingency plans?
Brexit Brexit: what are carmakers’ contingency plans? From stockpiling to Nissan’s U-turn on making new model in the UK, here’s what firms are doing More than 1.5m cars were made in the UK last year. Photograph: Cath Levett/The Guardian UK-based carmakers have triggered a wave of Brexit contingency plans, with Nissan the latest manufacturer to… Continue reading Brexit: what are carmakers’ contingency plans?
‘It isn’t just Nissan, it’s all the jobs’: how the carmaker’s U-turn hit Sunderland
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
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