Andrea Leadsom quits Cabinet with stinging attack on Theresa May’s Brexit plan May 22, 2019 Theresa May looks to be entering her final days as Prime Minister after Andrea Leadsom quit the Cabinet with a stinging attack on her Brexit plan. Leadsom warned the PM’s new plan for Brexit would not deliver a “truly sovereign” UK, and a pledge to offer MPs a vote on another EU referendum would be [...]
Ford announces 7,000 job cuts as US car maker moves up a gear in restructuring plan May 20, 2019 Ford is to cut around one-tenth of its global salaried workforce by the end of August as part of a major global restructuring plan. Read more: Ford gears up to announce up to 550 white collar job losses in UK The move to shed 7,000 workers this summer is expected to save the firm $600m [...]
Jaguar Land Rover suffers £3.6bn annual loss as key Chinese market splutters to a halt May 20, 2019 The Indian-owned British automotive giant Jaguar-Land Rover (JLR) has posted a £3.6bn annual loss as the faltering Chinese car market weakened significantly. The annual figures were heavily-impacted by a £3.1bn write down in the third quarter, to cover falling demand for newer models, as well as for diesel-powered cars. The figures The car manufacturer, which [...]
How Watford’s digital overhaul has helped the FA Cup finalists to keep punching above their weight May 16, 2019 Nestled among the replica kits and Javi Gracia T-shirts at Watford’s club shop is a version of “Guess Who?” in which the board game’s usual cast of characters is replaced with current Hornets players. Rival supporters might quip it’s an apt product for a team whose revolving door policy to recruitment can make it difficult [...]
Honda confirms 2021 Swindon factory closure ‘with a heavy heart’, cutting 3,500 jobs May 13, 2019 Japanese car manufacturer Honda has confirmed plans to close its Swindon factory in 2021, meaning 3,500 employees now face redundancy. The company said that after talks with the government and trade unions, it had decided there were “no viable alternatives” to closing the plant, which currently builds the Civic model. Read more: Honda to close [...]
Ford gears up to announce up to 550 job losses for UK office workers amid turnaround efforts May 13, 2019 Ford is poised to announce as many as 550 job cuts in the coming weeks as part of a major restructuring programme, City A.M. has learnt. Read more: Ford casts further doubt over future of its UK operations post-Brexit The second-biggest car maker in the US is expected to make the reductions among office workers [...]
Inside the Batcave: City A.M. tours London’s secret supercar bunker April 28, 2019 They call it the bat cave, and it’s the most exclusive car park in Britain. Inside a secret west London underground bunker there are rows of Aston Martins, Ferraris and Rolls Royces hibernating under blue blankets while their millionaire owners are away. It is easy to see the appeal of the high security vault: safe [...]
How to cope with culture clashes and different time zones when collaborating across global offices April 25, 2019 "If everyone is moving forward together, success takes care of itself." While this Henry Ford quote sums up a simple idea for businesses, sustaining a culture of collaboration across a global organisation is more difficult than it sounds. When offices are split across different countries, operations and communications, departments can quickly become siloed. The trick [...]
Let’s take the lead on ethical marketing April 16, 2019 When the Initial Coin Offering (ICO) hype hit fever pitch in 2017 projects were selling hopes and dreams as they if they were just around the corner, and this ‘blockchain’ thing was about to change our lives forever. It changed many people’s lives for the better, and made a lot of millionaires – but not [...]
You can’t blame Brexit for the British car industry’s woes April 15, 2019 Quizzed by Nick Hewer on Honda’s decision to close its Swindon plant earlier this month on BBC radio, I suggested that blaming Brexit for the demise of the Japanese auto makers factory with the loss of 3,500 jobs was not the whole story. Certainly, Brexit plays havoc with the vehicle industry’s sophisticated just-in-time supply chain. [...]