Ineos to cut hundreds of jobs as carmaker struggles with debts

Jim Ratcliffe has a net worth of £17bn, according to this year’s Sunday Times rich list. Photograph: Bloomberg/Getty View image in fullscreen Jim Ratcliffe has a net worth of £17bn, according to this year’s Sunday Times rich list. Photograph: Bloomberg/Getty Ineos to cut hundreds of jobs as carmaker struggles with debts Company owned by billionaire… Continue reading Ineos to cut hundreds of jobs as carmaker struggles with debts

‘I’d do it all again,’ says Dutch minister at heart of car chip standoff with China

Vincent Karremans: ‘It’s like an economic thriller.’ Photograph: Sean Smith/The Guardian View image in fullscreen Vincent Karremans: ‘It’s like an economic thriller.’ Photograph: Sean Smith/The Guardian ‘I’d do it all again,’ says Dutch minister at heart of car chip standoff with China Exclusive: Vincent Karremans says row with Beijing that threatened global car production is… Continue reading ‘I’d do it all again,’ says Dutch minister at heart of car chip standoff with China

Quentin Willson obituary

Quentin Willson during his time as a presenter for Channel 5’s Fifth Gear in 2002. Photograph: Sutton Motorsports/Zuma/Shutterstock View image in fullscreen Quentin Willson during his time as a presenter for Channel 5’s Fifth Gear in 2002. Photograph: Sutton Motorsports/Zuma/Shutterstock Obituary Quentin Willson obituary Motoring journalist and presenter of the BBC’s Top Gear and Channel… Continue reading Quentin Willson obituary

China poised to lift ban on chips exports to European carmakers after US deal

Nexperia was taken over at the end of September amid US security concerns over its Chinese owner, Wingtech. Photograph: Algi Febri Sugita/ZUMA Press Wire/Shutterstock View image in fullscreen Nexperia was taken over at the end of September amid US security concerns over its Chinese owner, Wingtech. Photograph: Algi Febri Sugita/ZUMA Press Wire/Shutterstock China poised to… Continue reading China poised to lift ban on chips exports to European carmakers after US deal

‘Musk is Tesla and Tesla is Musk’ – why investors are happy to pay him $1tn

Protesters make their point in Austin, Texas, but Tesla investors disagreed, voting to make the tycoon the world’s first trillionaire. Photograph: Jay Janner/AP View image in fullscreen Protesters make their point in Austin, Texas, but Tesla investors disagreed, voting to make the tycoon the world’s first trillionaire. Photograph: Jay Janner/AP Analysis ‘Musk is Tesla and… Continue reading ‘Musk is Tesla and Tesla is Musk’ – why investors are happy to pay him $1tn

Driving competition: China’s carmakers in race to dominate Europe’s roads

The Chinese brand BYD has been leading the electric car sales push in Britain. Photograph: Richard Bord/Getty Images View image in fullscreen The Chinese brand BYD has been leading the electric car sales push in Britain. Photograph: Richard Bord/Getty Images Driving competition: China’s carmakers in race to dominate Europe’s roads Chinese manufacturers are using the… Continue reading Driving competition: China’s carmakers in race to dominate Europe’s roads

Tesla shareholders approve $1tn pay package for Elon Musk

Tesla chief Elon Musk’s $1tn pay package has been approved. Photograph: Daniel Cole/Reuters View image in fullscreen Tesla chief Elon Musk’s $1tn pay package has been approved. Photograph: Daniel Cole/Reuters Tesla shareholders approve $1tn pay package for Elon Musk Chants of ‘Elon’ erupt after compensation plan approved despite opposition from several high-profile investors Tesla shareholders… Continue reading Tesla shareholders approve $1tn pay package for Elon Musk

Rachel Reeves considering pay-per-mile tax for electric vehicles in budget

There are more than 1.3m electric cars on UK roads at present, according to the Society of Motor Manufacturers and Traders. Photograph: Murdo MacLeod/The Guardian View image in fullscreen There are more than 1.3m electric cars on UK roads at present, according to the Society of Motor Manufacturers and Traders. Photograph: Murdo MacLeod/The Guardian Rachel… Continue reading Rachel Reeves considering pay-per-mile tax for electric vehicles in budget

China accuses Dutch of prolonging chip war that threatens to halt car factories

Although Nexperia’s chips are manufactured in Europe, about 70% are packaged in China before distribution. Photograph: Algi Febri Sugita/Zuma Press Wire/Shutterstock View image in fullscreen Although Nexperia’s chips are manufactured in Europe, about 70% are packaged in China before distribution. Photograph: Algi Febri Sugita/Zuma Press Wire/Shutterstock China accuses Dutch of prolonging chip war that threatens… Continue reading China accuses Dutch of prolonging chip war that threatens to halt car factories

Trump policies spur economic anxiety in US Republican heartland: ‘Tariffs are affecting everything’

Peggy Guffey makes honey comb chips, at Schimpffs Confectionery, in downtown Jeffersonville, Indiana, on 7 April 2016. Photograph: Al Drago/CQ-Roll Call, Inc/Getty Images View image in fullscreen Peggy Guffey makes honey comb chips, at Schimpffs Confectionery, in downtown Jeffersonville, Indiana, on 7 April 2016. Photograph: Al Drago/CQ-Roll Call, Inc/Getty Images Trump policies spur economic anxiety… Continue reading Trump policies spur economic anxiety in US Republican heartland: ‘Tariffs are affecting everything’