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
Author: The Guardian Online News
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
Porsche asks UK buyers to commit to 10% no-deal Brexit surcharge
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
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