Tesla reported a loss of $702m for the first three months of the year and predicted another loss for the three months after. The electric car and battery maker said it would return to profit in the third quarter. It ended March with $2.2bn in cash, a reduction of $1.5bn in three months, largely down… Continue reading Tesla reports $702m quarterly loss
Author: BBC News
Nissan ex-boss Ghosn hit with fresh charge
Former Nissan boss Carlos Ghosn has been indicted by prosecutors in Japan on a fresh charge of aggravated breach of trust. It is the fourth charge brought against Mr Ghosn and relates to the alleged misuse of company funds. The 65-year-old is in detention in Tokyo and his lawyers have applied for bail. Mr Ghosn,… Continue reading Nissan ex-boss Ghosn hit with fresh charge
VW ex-boss charged over emissions scandal
The former chief executive of the carmaker Volkswagen has been charged in Germany over his involvement in the company’s diesel emissions scandal. The public prosecutor in Braunschweig charged Martin Winterkorn and four other managers with fraud. VW said it would not comment on the indictments. Mr Winterkorn is already facing criminal charges in the US,… Continue reading VW ex-boss charged over emissions scandal
Nissan votes to oust Ghosn from its board
Nissan shareholders have voted to oust the company’s former boss Carlos Ghosn from its board. The decision to sever ties with Mr Ghosn was made at a an extraordinary shareholders meeting held on Monday. Mr Ghosn was re-arrested in Tokyo last week while out on bail pending trial over claims of financial misconduct. Shareholders also… Continue reading Nissan votes to oust Ghosn from its board
Carlos Ghosn re-arrested over new claims
Former Nissan-Renault chief Carlos Ghosn has been re-arrested in Tokyo while out on bail pending trial over claims of financial misconduct. Prosecutors had been building a new case against him involving payments to a dealer in Oman, Japanese media said. Mr Ghosn, who has strongly denied wrongdoing, had only recently been released from prison after… Continue reading Carlos Ghosn re-arrested over new claims
Uber ‘picks NYSE’ for huge stock listing
Ride-hailing firm Uber will list on the New York Stock Exchange, according to reports, in one of the most anticipated stock debuts of the year. The decision to opt for the Wall Street exchange over the tech-heavy Nasdaq was first reported by Bloomberg, citing sources. It comes as smaller, ride-sharing rival Lyft prepares to list… Continue reading Uber ‘picks NYSE’ for huge stock listing
US sues Volkswagen over ‘massive fraud’
The US is suing Volkswagen, accusing the German carmaker of “massive fraud” over the diesel emissions scandal. The Securities and Exchange Commission (SEC) claims the firm misled investors by issuing billions of dollars worth of bonds and securities, without disclosing that it had cheated emissions tests. Volkswagen’s former chief executive Martin Winterkorn is also being… Continue reading US sues Volkswagen over ‘massive fraud’
Tesla launches its Model Y electric car
Tesla has launched its latest car, the Model Y, its second mass-market electric vehicle. The car was unveiled at an event in Los Angeles. The firm will first release a long-range version of the vehicle with a price tag of $47,000 (£35,489). Chief executive Elon Musk said a standard-range model priced at $39,000 would be… Continue reading Tesla launches its Model Y electric car
Jaguar Land Rover recalls 44,000 cars
Jaguar Land Rover is recalling 44,000 cars in the UK over carbon dioxide emissions, the car maker has said. Regulators found 10 models were emitting more of the greenhouse gas than they had been certified to emit. The car maker will contact owners to arrange repairs, a JLR spokeswoman said. JLR is facing a number… Continue reading Jaguar Land Rover recalls 44,000 cars
Online safety cartoons for four-year-olds
Children aged four to seven are being targeted in a new online video campaign from the National Crime Agency (NCA). The series of videos called Jessie & Friends is intended to teach children how to keep themselves safe online, with a view to protecting them from sexual abuse and other threats. Children will be directed… Continue reading Online safety cartoons for four-year-olds