Nissan has taken a 9.2bn yen ($83m; £64.5m) charge tied to compensation for former chairman Carlos Ghosn. The charge was reported in the firm’s first results since Mr Ghosn’s arrest for financial misconduct, and Nissan said it reflected additional expenses related to payments to its former boss. The carmaker also cut its full-year profit forecast… Continue reading Nissan takes $83m charge on Carlos Ghosn
Author: BBC News
Uber services suspended in Barcelona
Ride-hailing company Uber says it has suspended its services in the Spanish city of Barcelona because of new regulations. The decision comes after the Catalan government insisted on imposing a 15-minute delay before passengers could be picked up. Uber has been the target of protests by taxi drivers in Barcelona who say their business is… Continue reading Uber services suspended in Barcelona
Tesla reports profit as issues stabilise
Tesla made a profit of $139.5m (£106.4m) in the three months to 31 December – avoiding a loss for a second quarter in a row. While lower than expected, the gain still marked an improvement for the electric car-maker, which has routinely reported shortfalls in recent years. Tesla credited strong demand for its Model 3,… Continue reading Tesla reports profit as issues stabilise
Nissan says ‘co-operating’ with US probe
Nissan said it is “co-operating” with an inquiry by US regulators, following reports that the carmaker is being investigated over executive pay disclosures. On Monday, US media reported the Securities and Exchange Commission (SEC) had launched a probe into Nissan. The carmaker did not give further details about the inquiry. It comes as the firm’s… Continue reading Nissan says ‘co-operating’ with US probe
Most popular cars at risk of ‘keyless theft’
Media playback is unsupported on your device Hundreds of popular cars – including four of the five best-selling models in the UK – are susceptible to “keyless theft”, new research claims. Consumer group Which? found the Ford Fiesta, Volkswagen Golf, Nissan Qashqai and Ford Focus were all at risk. Thieves are increasingly thought to be… Continue reading Most popular cars at risk of ‘keyless theft’
Brexit uncertainty a disgrace, says Airbus
European plane maker Airbus has warned that it could move wing building out of the UK in the future if there is a no-deal Brexit. The firm’s chief executive, Tom Enders, said the firm “will have to make potentially very harmful decisions for the UK” in the event of no deal. Mr Enders said it… Continue reading Brexit uncertainty a disgrace, says Airbus
Renault names Ghosn’s replacements
French car giant Renault has announced a new chairman and chief executive to replace Carlos Ghosn. Michelin’s Jean-Dominique Senard has been appointed chairman, while Thierry Bolloré will become chief executive. Mr Ghosn, who has been in jail in Japan since November 19 accused of financial misconduct at Nissan, had remained at the helm of Renault.… Continue reading Renault names Ghosn’s replacements
Tesla reverses charging prices hike
Electric-car maker Tesla has reversed a decision to drastically increase prices for its charging stations, following a backlash from customers. Owners had complained the price rise – estimated to be around 30% – would mean electric cars risked becoming far less competitive than petrol ones. The planned price rises will now be reduced by an… Continue reading Tesla reverses charging prices hike
Ex-Nissan boss Ghosn’s bail request denied
A Tokyo court has rejected Carlos Ghosn’s latest request for bail, despite his promise to wear an electronic tag to secure his release. The former Nissan boss has been in detention since 19 November on allegations of financial misconduct. Lawyers for Mr Ghosn, who denies any wrongdoing, have said he could remain in custody for… Continue reading Ex-Nissan boss Ghosn’s bail request denied
Tesla cuts jobs as cars ‘too expensive’
Electric carmaker Tesla has said it will cut its workforce by 7% after the “most challenging” year in its history. In an email to staff on the firm’s website, founder Elon Musk said that growth had been strong. But he added it was difficult to make Teslas with their new and developing technology as cheaply… Continue reading Tesla cuts jobs as cars ‘too expensive’