Mercedes F1 boss Toto Wolff tells rivals: ‘Get your s*** together’ Sport Business Mercedes F1 boss Toto Wolff has accused rival teams of looking for excuses before the season has even begun amid murmurings about the legality of their new engine. Ferrari, Honda and Audi are said to have raised objections about the power unit, which is set to be used not only by Mercedes but also McLaren, [...]
FTSE 100 and global markets slump and gold surges amid tariff panic Investing The FTSE 100 dipped 0.7 per cent as markets opened on Monday, with the FTSE 250 down a further 1.28 per cent. The moves followed a sharp drop in Asian markets overnight. The Nikkei 225 plummeted more than four per cent overnight, amid a global market panic as investor and consumer confidence drops ahead of [...]
Trump slaps 25 per cent tariffs on all car imports Transport and infrastructure President Trump announced late on Wednesday that he will impose a universal 25 per cent tariff on all car imports into the US, just hours after the Office for Budget Responsibility warned that fresh tariffs would erase Reeves’ newfound fiscal headroom. These new levies are part of a package of anti-trade measures from 2 April, [...]
Honda and Nissan merger talks collapse February 13, 2025 Japanese carmakers Honda, Nissan and Mitsubishi have said they are dropping their talks to integrate their businesses. They agreed to end their consideration of how to build a structure for the three brands to collaborate, their joint statement said. Honda Motor Co and Nissan Motor Corp announced in December they would hold talks to set up a [...]
Honda and Nissan unveil merger plans as talks continue December 23, 2024 Honda and Nissan have signed a deal to proceed with talks to unify under a joint holding company, it has been announced.
Honda and Nissan merger talks spark UK job fears December 18, 2024 Experts say the UK's unfavourable tax environment and declining automotive sector put it at greater risk as the industry consolidates.
Honda in the red despite ‘fun’ motorcycles helping to boost European sales by £1bn October 8, 2024 The increasing popularity of ‘fun’ motorcycles helping to boost Honda’s European sales by almost £1bn failed to stop the brand falling into the red during its latest financial year. The Berkshire-headquartered European division achieved a revenue of £4.498bn for the year to 31 March, 2024, up from the £3.523bn it reported for the prior 12 [...]