Carlos Ghosn resigns from Renault amid financial misconduct scandal January 24, 2019 Embattled executive Carlos Ghosn has resigned from Renault ahead of his trial in Tokyo on financial misconduct charges, the French finance minister has said. “Carlos Ghosn just resigned last night,” Bruno Le Maire told Bloomberg at the World Economic Forum in Davos this morning. Read more: Ghosn to stay in jail after Tokyo court rejects bail [...]
Airbus chief blasts Brexit ‘disgrace,’ issues dire warning on no-deal scenario January 24, 2019 Airbus chief executive Tom Enders has issued yet another stark warning about the effect a no-deal Brexit would have on the aviation giant’s UK business. In a video message, Enders urged Britain’s politicians not to listen to “the Brexiteers’ madness which asserts that, because we have huge plants here, we will not move and we [...]
Commuter chaos: Black cabs hold up Tottenham Court Road during rush hour for a third day January 23, 2019 Black cab drivers have launched a third day of protests during London's evening rush hour, gathering on Tottenham Court Road and halting traffic. The week-long demonstration, organised by the Independent Taxi Alliance (ITA), is in protest over plans to restrict access to the route as part of a £35m transformation project. The blockade is scheduled to [...]
Households could lose hundreds of pounds by failing to switch as their energy plans run out this month January 23, 2019 Hundreds of thousands of customers could have up to £302 added to their energy bills each year if they don’t switch from plans which are set to end in January. Switching service Uswitch warned that it has identified around 200,000 households on 20 different energy plans which are set to conclude this month. Read more: Households [...]
Volvo recalls over 200,000 cars worldwide as it discovers fuel pipes leaking into engines January 22, 2019 Volvo has recalled over 200,000 diesel cars over fears that fuel could leak into the engine, the company confirmed today. The recall, which affects 30,777 vehicles in the UK and 219,420 worldwide, comes after engineers found cracks in the fuel lines of several cars. In the company’s native Sweden it is recalling 37,000 cars, local [...]
Gatwick drone chaos costs Easyjet £15m but shares rise as profits stay the course January 22, 2019 Drone disruption at Gatwick cost Easyjet £15m, the airline revealed today, as it said that 82,000 passengers were affected by the incident, but shares rose as profits stayed the course. Easyjet was forced to spend £10m in customer welfare costs and lost £5m in revenue, it confirmed in a trading update this morning, as it [...]
Electrifying: Toyota and Panasonic to launch a joint venture for making electric car batteries January 22, 2019 Toyota and Panasonic will launch a joint venture next year to make electric vehicle batteries, bringing together the two firms in a push on innovation. The joint venture will be majority-owned by Toyota with a 51 per cent stake, while Panasonic will take up the remainder, the firms said in a joint statement this morning. [...]
Tomtom moves focus to driverless technology as it sells telematics unit for €910m January 22, 2019 Satnav maker Tomtom will sell its telematics business unit to multinational Bridgestone as it looks to move more focus towards develop driverless car technologies. The €910m (£801m) deal sees the Japanese tyre and rubber company take over a business which helps firms track their fleets and manage efficiency. Read more: Jaguar Land Rover and Addison Lee [...]
Ghosn to stay in jail after Tokyo court rejects bail application from ousted Nissan chairman January 22, 2019 Ousted Nissan chairman Carlos Ghosn’s bid to be released from prison came crashing down this morning when his bail application was rejected by a court in Tokyo. The request included an offer to wear an ankle bracelet, hire guards to monitor Ghosn and posting Nissan stocks as collateral, a spokesperson for the accused businessman said. [...]
Tube delays: Severe delays hit Piccadilly Line commuters for second time in a week January 22, 2019 Severe delays have hit the Piccadilly Line this morning as commuters make their way to work. Eastbound travel is suffering severe delays after a signal fault at Hammersmith, with minor delays affecting westbound journeys. Read more: 'Systemic failures' to blame for May's timetable chaos Transport for London (TfL) advised that tickets are being accepted on [...]