Sajul Islam has had his eye on a new seven-seater Volkswagen Tiguan Allspace throughout the coronavirus lockdown, and he took his chance on Monday as car dealerships across England opened their doors for the first time in more than 2 months. “I’ve been waiting for weeks for this showroom to open up again,” Islam said,… Continue reading Essex car showroom busy as dealerships reopen in England
Author: The Guardian Online News
Renault to cut 14,600 jobs as part of €2bn cost-saving plan
Renault Restructuring by French carmaker comes as Covid-19 crisis hits manufacturing Coronavirus – latest updates See all our coronavirus coverage Employees wearing protective face masks work on a Renault assembly line in France. Photograph: Gonzalo Fuentes/Reuters The French carmaker Renault plans to cut 14,600 jobs as it aims to save €2bn (£1.8bn) in one of… Continue reading Renault to cut 14,600 jobs as part of €2bn cost-saving plan
UK manufacturers planning tens of thousands of redundancies
Manufacturing sector Almost half of firms surveyed by lobby group are considering cutting jobs Coronavirus – latest updates See all our coronavirus coverage Orders in the manufacturing sector have declined sharply in recent weeks. Photograph: Alamy Britain’s manufacturers are poised to make tens of thousands of workers redundant after a worse-than-expected slump in orders, prompted… Continue reading UK manufacturers planning tens of thousands of redundancies
Nissan’s Sunderland factory safe but plant in Barcelona will close
Nissan Carmaker seeks to ‘improve efficiency’ at UK plant and will reduce worldwide spending Coronavirus – latest updates See all our coronavirus coverage Tyres are burned during a protest in front of the Nissan factory in Barcelona, which is going to close. Photograph: Andreu Dalmau/EPA Nissan has confirmed it will not close its Sunderland manufacturing… Continue reading Nissan’s Sunderland factory safe but plant in Barcelona will close
Aston Martin underlines the tricky part of the Treasury’s rescue effort | Nils Pratley
T he last lap of Andy Palmer’s reign as chief executive of Aston Martin was the cruellest. As he lost his job, the share price rose 28%. The market’s implied judgment was harsh but fair: a new driver was desperately needed to give credibility to Aston Martin’s latest pitch about corporate turnaround. Palmer, said his… Continue reading Aston Martin underlines the tricky part of the Treasury’s rescue effort | Nils Pratley
Formula One carmaker McLaren cuts 1,200 jobs amid Covid-19 crisis
Automotive industry Group seeks to raise £275m after racing season and supercar sales ground to a halt Coronavirus – latest updates See all our coronavirus coverage McLaren hopes the British Grand Prix Formula One will go ahead in July. Photograph: David Davies/PA McLaren Group, the Formula One team owner and maker of supercars, is cutting… Continue reading Formula One carmaker McLaren cuts 1,200 jobs amid Covid-19 crisis
Aston Martin confirms sacking of chief after share collapse
Aston Martin Andy Palmer, who had been head of car firm since 2014, will be replaced by Tobias Moers Aston Martin chief executive Andy Palmer in 2018 as the company was floated on the London Stock Exchange. Photograph: Sarah Lee/The Guardian The luxury carmaker Aston Martin Lagonda has confirmed it has sacked its chief executive… Continue reading Aston Martin confirms sacking of chief after share collapse
German court rules against Volkswagen in ‘dieselgate’ scandal
Volkswagen (VW) Carmaker must pay compensation to motorist who bought minivan fitted with emissions-cheating software Herbert Gilbert, one of tens of thousands of drivers to sue Volkswagen. The ruling sets a benchmark for about 60,000 other cases in Germany. Photograph: AFP/Getty Volkswagen has lost a landmark legal battle in Germany’s highest civil court over compensation… Continue reading German court rules against Volkswagen in ‘dieselgate’ scandal
Aston Martin sacks chief Andy Palmer after shares plunge
Aston Martin Luxury car maker expected to hire Mercedes-AMG’s Tobias Moers as next CEO, as value falls to below £500m Andy Palmer, present CEO of Aston Martin, in 2018 as the company was floated on the London stock exchange. Photograph: Tolga Akmen/AFP/Getty Images Aston Martin is sacking its chief executive, Andy Palmer, following a 98%… Continue reading Aston Martin sacks chief Andy Palmer after shares plunge
McLaren pledges luxury cars as collateral in bid to secure £250m
When the government called for British industry to help build life-saving ventilators as the scale of the coronavirus crisis became clear, McLaren was one of the first to step forward. As part of the VentilatorChallengeUK consortium alongside Airbus and Rolls-Royce, by mid-April the Formula One firm was making components for the life-saving machines and building… Continue reading McLaren pledges luxury cars as collateral in bid to secure £250m