Ousted Nissan chairman Ghosn paid company funds to Saudi businessman December 27, 2018 New charges against Carlos Ghosn claim the ousted Nissan chairman used company funds to pay a Saudi businessman for a personal favour, it has been revealed. Ghosn, who was arrested for a third time last week, is alleged to have paid $14.7m (£11.6m) in four instalments to Khaled Al-Juffali, the vice chairman of the EA Juffali and Brothers [...]
Musk: Tesla superchargers to extend across Europe next year December 27, 2018 Tesla’s supercharger network will extend across Europe next year, the company’s chief executive Elon Musk has said. The charger system, which allows Tesla owners to plug in for 30 minutes for a power boost during their trip, has previously had some black spots in Europe. However, they will now be extended to the rest of [...]
French airport group takes over Gatwick a week after travel chaos December 27, 2018 French group Vinci is set to buy Gatwick in a deal which values the business at around £5.8bn, just a week after drones caused travel chaos at the UK’s second biggest airport. Vinci, which operates 46 airports in 12 countries, takes a controlling 50.01 per cent stake in Gatwick for around £2.9bn. Gatwick’s chairman Sir [...]
Japan extends ex-Nissan boss Ghosn’s detention by 10 days December 23, 2018 A Japanese court has today extended the detention of former Nissan chairman Carlos Ghosn for an extra 10 days, after he was re-arrested on Friday. Ghosn is now facing fresh allegations of dumping ¥1.85bn (£13.1m) in personal losses on his former firm, in addition to earlier allegations of financial misconduct. The extension means Ghosn will [...]
Gatwick drone pair released by police without charge December 23, 2018 A pair of suspects arrested in the Gatwick Airport drone inquiry have been released without charge today. A 47-year-old man and a 54-year-old woman from Crawley were arrested by Sussex Police yesterday on suspicion of "the criminal use of drones" near the Gatwick airfield on Wednesday and Thursday. More than 140,000 passengers were hit by delays [...]
Northern Line extension to Battersea Power Station faces 12 month delay in latest TfL setback December 22, 2018 The £1.1bn Northern Line extension to Battersea Power Station has been delayed by at least 12 months in the latest setback for cash-strapped Transport for London. The two mile spur from Kennington was forecast to open in 2020 but will now not be ready until September 2021 at the earliest, pushing up the project's cost. London mayor Sadiq Khan [...]
Police arrest two people in connection with “criminal use” of drones at Gatwick Airport December 22, 2018 Sussex Police have arrested two people in connection with the "criminal use of drones" that resulted in major disruption at Gatwick Airport this week. More than 100,000 people were affected by grounded flights between Wednesday and Friday, just days before Christmas. Flights were temporarily suspended again on Friday evening after reports of a drone near the airfield and [...]
Sadiq Khan tells assembly ‘no smoking gun’ over Crossrail delays accusing former chairman of ‘misremembering’ events December 21, 2018 Sadiq Khan has accused the former Crossrail chairman of “misremembering” events and further denied being told of the project’s delays earlier than August. Earlier this month former Crossrail chairman Terry Morgan said he was in “absolutely no doubt” that the mayor of London was told on 26 July that it was no longer feasible to [...]
Carlos Ghosn re-arrested as former Nissan chair accused of dumping £13.1m in losses December 21, 2018 Ex-Nissan chairman Carlos Ghosn has been re-arrested by Japanese authorities today, as fresh allegations surfaced of the executive dumping ¥1.85bn (£13.1m) in losses on his former firm. Prosecutors have accused Ghosn of offloading a personal investment worth £13.1m in appraisal losses to Nissan in 2008. Additionally, he allegedly further inflicted damage on Nissan by having it deposit [...]
UK car production slumps 20 per cent in biggest decline since 2009 recession December 21, 2018 Britain's car output tumbled by almost 20 per cent in November as Brexit worries weighed on consumer and business morale. It is the biggest decline in car production that the UK has seen since the last recession in 2009, with November's output heavily down on the same period last year. The number of cars produced in Britain [...]