Carlos Ghosn Lawyers question how the executive, who had been banned from leaving Japan, had managed to escape without any of his passports Carlos Ghosn has left Japan and arrived in Lebanon, according to media reports, but it is not clear whether he has fled or has negotiated new bail conditions. Photograph: Kazuhiro Nogi/AFP via… Continue reading Carlos Ghosn, ousted Nissan boss, says he has fled ‘Japanese injustice’
Author: The Guardian Online News
Volkswagen fined record $125m for misleading Australian consumers over diesel emissions
Volkswagen (VW) VW says it is weighing up whether to appeal record penalty, which was handed down after judge rejected earlier deal Workers in a production line in the Volkswagen plant in Wolfsburg, Germany in 2011. VW has been handed a $125m fine for deceiving customers over emissions from diesel vehicles. Photograph: Ferdinand Ostrop/AP German… Continue reading Volkswagen fined record $125m for misleading Australian consumers over diesel emissions
Australia ‘risks being dumping ground’ for cars with greenhouse gas 1,400 times more potent than CO2
Greenhouse gas emissions Industry groups call for ban on HFC-134a refrigerant in car air-conditioning, already banned in the EU and US Australia has yet to ban car air-conditioning refrigerant and greenhouse gas HFC-134a. Photograph: Dave Hunt/AAP Australia is at risk of becoming a dumping ground for cars pre-charged with a greenhouse gas 1,400 times more… Continue reading Australia ‘risks being dumping ground’ for cars with greenhouse gas 1,400 times more potent than CO2
Eddie Stobart wins reprieve as ex-owners bail out haulage firm
Eddie Stobart Deal worth £75m should prevent company from going bankrupt before Christmas Eddie Stobart employs 6,500 workers and is only a few months shy of its 50th birthday. Photograph: Christopher Thomond/The Guardian Eddie Stobart, Britain’s best-known haulage company, will be bailed out by its former owners after shareholders voted in favour of a private… Continue reading Eddie Stobart wins reprieve as ex-owners bail out haulage firm
Eddie Stobart transport firm teeters on brink of collapse
Eddie Stobart Up to 6,500 jobs at risk as shareholders prepare to vote on company’s future Eddie Stobart is struggling with a £200m debt pile. Photograph: Alamy The Eddie Stobart transport business, famed for its red and green lorries, is teetering on the brink of collapse with its future due to be decided at a… Continue reading Eddie Stobart transport firm teeters on brink of collapse
New car sales fall again as UK demand for diesel vehicles dives
Automotive industry Hybrid and electric models reach 10% market share, while diesel cars account for 23.6% Electric cars being charged in London. Photograph: Facundo Arrizabalaga/EPA Sales of new cars in the UK continued to fall last month as demand for diesel vehicles declined sharply, while hybrid and electric vehicles reached a new record market share.… Continue reading New car sales fall again as UK demand for diesel vehicles dives
Aston Martin shares accelerate on talk of bid by F1 billionaire
Aston Martin Lawrence Stroll, owner of Formula One team Racing point, seeking large stake Aston Martin’s shares had slumped since its flotation just over a year ago. Photograph: Arnd Wiegmann/Reuters Shares in Aston Martin have surged on reports that the billionaire owner of a Formula One racing team is preparing to bid for a significant… Continue reading Aston Martin shares accelerate on talk of bid by F1 billionaire
VW accused of using ‘innovative’ defences in high court battle
Volkswagen (VW) Lawyers bring biggest class action of its kind in Britain against carmaker over emissions scandal Greenpeace activists protest in front of the Royal Courts of Justice in London, in March 2018. Photograph: Kirsty O’Connor/PA Volkswagen has employed a range of “progressively more innovative” arguments to claim the software fitted to millions of its… Continue reading VW accused of using ‘innovative’ defences in high court battle
Daimler to axe at least 10,000 jobs worldwide
Automotive industry Mercedes-Benz owner aims to slash €1bn from wage bill in drive towards to electric cars Carmakers such as Daimler are cutting staff to save costs during the move towards electric vehicle production. Photograph: Kai Pfaffenbach/Reuters Daimler has announced plans to cut at least 10,000 jobs worldwide in the latest sign of stress in… Continue reading Daimler to axe at least 10,000 jobs worldwide
‘Armour glass’ windows on new Tesla Cybertruck shatter during demonstration – video
Play Video 0:50 A demonstration intended to show the strength of the windows on Tesla’s first pickup truck went wrong when one of the team threw a metal ball at them. The futuristic Cybertruck was unveiled in Los Angeles on Thursday. Production is expected to begin in late 2021 Cybertruck: Tesla unveils new pickup truck… Continue reading ‘Armour glass’ windows on new Tesla Cybertruck shatter during demonstration – video