It resembles a car park at an enormous open-air venue – but it is actually a knock-on effect of the Volkswagen emissions scandal. Dramatic aerial pictures show row after row of diesel VWs and Audis sitting in the baking California sun, awaiting either repair or destruction in their desert graveyard. This is just one of… Continue reading VW emissions scandal: German carmaker storing 300,000 diesels in ‘graveyards’
Author: Sky News UK
Renault shares leap after Nissan merger report
Shares in Renault hit levels not seen for more than a decade on Thursday following a report the French brand is to merge with Nissan. The two companies, which have operated an alliance since 1999, would form a new, single, listed company under the plans being discussed, according to the Bloomberg financial news service which… Continue reading Renault shares leap after Nissan merger report
The key questions on the attempted hostile takeover of GKN
The war of words is almost over as GKN shareholders have until Thursday lunchtime to decide if they back GKN’s board or a new future under Melrose. But just what is at stake? :: What is GKN? GKN is the third-largest engineering company in the FTSE 100 after BAE Systems and Rolls-Royce. It is also… Continue reading The key questions on the attempted hostile takeover of GKN
Jaguar Land Rover to cut production at Halewood plant
Jaguar Land Rover has announced its intention to trim Range Rover Evoque and Discovery Sport production, citing challenges facing the auto industry, including Brexit. The UK’s largest car manufacturer said it would adjust output at its Halewood plant on Merseyside between March and June despite a record year of sales for the company worldwide in… Continue reading Jaguar Land Rover to cut production at Halewood plant
Vauxhall cuts further 250 jobs at Ellesmere Port factory
Vauxhall is to cut a further 250 jobs at its plant in Cheshire as it slashes production of the Astra. The carmaker, sold to Peugeot owner PSA by General Motors last year, said the losses would be on top of 400 redundancies announced in October as it moves to a single daily manufacturing shift from… Continue reading Vauxhall cuts further 250 jobs at Ellesmere Port factory