Category: News Site

May I have a word about… Mercedes-Benz and its failure to own up

The shifting patterns of English Automotive industry May I have a word about… Mercedes-Benz and its failure to own up Jonathan Bouquet The German carmaker is to be fined hundreds of millions for manipulating diesel emissions but still can’t quite apologise Mercedes-Benz is an expert in corporate obfuscation. Photograph: Thomas Kienzle/AFP/Getty Images I’m not certain… Continue reading May I have a word about… Mercedes-Benz and its failure to own up

Worker leader and crisis manager: Bertold Huber – the red disruptor

When Berthold Huber moves into the small apartment in the Leipzig hotel “Astoria” next to the train station, he feels a bit lost. But he did that for himself. It is the year 1990 and his IG Metall had actually intended to take over the members of the GDR sister organization just like that –… Continue reading Worker leader and crisis manager: Bertold Huber – the red disruptor

Trump says China trade talks ‘back on track,’ new tariffs on hold

OSAKA (Reuters) – The United States and China agreed on Saturday to restart trade talks after President Donald Trump offered concessions including no new tariffs and an easing of restrictions on tech company Huawei in order to reduce tensions with Beijing. China agreed to make unspecified new purchases of U.S. farm products and return to… Continue reading Trump says China trade talks ‘back on track,’ new tariffs on hold

‘Back on track’: China and U.S. agree to restart trade talks

OSAKA (Reuters) – The United States and China agreed on Saturday to restart trade talks with Washington holding off new tariffs on Chinese exports, signaling a pause in the trade hostilities between the world’s two largest economies. Commenting on a long-running dispute over China’s Huawei, President Donald Trump said U.S. firms would be able to… Continue reading ‘Back on track’: China and U.S. agree to restart trade talks

Tesla rival Nio is recalling around 4,800 vehicles after 3 caught fire

The Chinese electric-vehicle startup Nio is recalling 4,803 ES8 SUVs following reports of three vehicles catching fire. The company announced the recall Thursday in a post on its website, saying an issue with an old version of their battery packs had the potential to cause a short circuit. Vehicles produced after October 20, 2018, have… Continue reading Tesla rival Nio is recalling around 4,800 vehicles after 3 caught fire

BMW executive calls EVs ‘overhyped’ at company event about EVs

BMW executive and board member Klaus Fröhlich told reporters this week that the shift to cars powered by electricity is “overhyped,” and said that there is “no” consumer demand for them. Curiously, Fröhlich made these comments at an event where BMW proudly announced it will accelerate plans to release 25 cars that are partially or… Continue reading BMW executive calls EVs ‘overhyped’ at company event about EVs

Used car marketplace Motorway picks up £11M Series A

Motorway, the U.K. used car marketplace, has raised £11 million in Series A funding. Leading the round is Marchmont Ventures, the fund managed by Hugo Burge and Alan Martin (the former CEO and CFO of Momondo Group, respectively), along with participation from existing backer LocalGlobe. Founded by the team behind Top10 — the mobile and… Continue reading Used car marketplace Motorway picks up £11M Series A

Hyundai axes plans to develop its flagship dealership in London

Hyundai Motor (UK) has pulled the plug on plans to develop its flagship dealership in Brentford adjacent to the M4. It said it had axed the development to focus on “the improvement of business efficiencies ensuring sustainable growth for the future.” Avison Young and TT&G Partners have been instructed to sell the freehold interest in… Continue reading Hyundai axes plans to develop its flagship dealership in London

NAVYA signed a memorandum of understanding with ESMO Corporation

To build a strategic partnership to address the North East Asia market, NAVYA signed a memorandum of understanding with ESMO Corporation Commitment by ESMO Corporation to subscribe to bonds repayable in cash or into new or existing shares (ORNANE) for a total consideration of€20 million Villeurbanne, France, June 28, 2019 – 8:00 am CEST –… Continue reading NAVYA signed a memorandum of understanding with ESMO Corporation