Ford recalls nearly two million cars over faulty seatbelts in the US, Canada and Mexico September 6, 2018 Car giant Ford is recalling around 2 million of its cars after discovering a number of faulty seatbelt pretensioners that are found to be a fire hazard. An investigation by Ford found that the F-150 Regular and SuperCrew cab vehicles in north America have been fitted with the faulty pretensioners, which can generate excessive sparks and [...]
Melrose swings to a loss but finds ‘no black holes’ in GKN after £8bn hostile takeover September 6, 2018 Melrose recorded a half year loss of £303m following its acquisition of GKN but insisted “no black holes” had been found in the engineering giant it bought for £8.1bn in April. The turnaround company reported a statutory loss of £303m for the six months ending 30 June – compared with a pre-tax profit of £48m [...]
Some like it yacht: The Abarth 695C Rivale is a hot hatch inspired by a luxury boat September 3, 2018 The original Fiat 500 was Italy’s answer to the Mini, Citroen 2CV or Volkswagen Beetle: a ‘people’s car’ that mobilised the masses. In recent times, the practical Panda has answered this need for back-to-basics transport, while the 500, like many of the London streets it inhabits, has become gentrified. Today, it’s more premium than proletarian. [...]
Job cuts loom as Ford gears up for major business redesign September 2, 2018 Analysts at Morgan Stanley have predicted that car-maker Ford is preparing to axe around 24,000 jobs as part of major redesign of its European business. The Sunday Times reported that the car giant could axe up to 12 per cent of its global workforce across European outposts in the UK, Spain and Germany. The newspaper [...]
Shares on Wall Street hit record highs as Donald Trump announces new trade deal with Mexico to replace Nafta August 28, 2018 Shares on Wall Street hit record highs yesterday after US President Donald Trump appeared to have agreed key parts of a trade deal with Mexico. Trump announced a new United States-Mexico Trade Agreement to replace the existing North American Free Trade Agreement (Nafta), and said negotiations with Canada would begin immediately. Canadian foreign minister Chrystia [...]
US and Mexico agree trade deal to replace NAFTA as talks with Canada set to begin immediately August 27, 2018 The United States and Mexico have reached an agreement on a new trade deal, as Wall Street rallies to all-time highs. President Trump has announced a new United States-Mexico Trade Agreement and said that discussions with Canada would begin immediately. Shares of automakers, set to gain from the deal, soared following the announcement with Ford [...]
US markets open higher amid optimism over new trade deal with Mexico August 27, 2018 The US markets have opened amid optimism as the White House and Mexico close in on agreeing a new trade deal. Reports that the US and Mexico are close to agreeing a new North American Free Trade Agreement (NAFTA) has seen US stocks rise to all-time highs today. The Dow Jones Industrial Average jumped 159 [...]
Moonpig owner Photobox Group acquires Dutch market leader Greetz August 22, 2018 Owner of greetings card firm Moonpig, Photobox, today announced it had bought rival Dutch firm Greetz. The acquisition positions Photobox as the market leader in greetings cards and personal gifting. Dutch market leader Greetz sold around 7.5m cards last year, and also provides services sending flowers, chocolates and beverages to customers. It widens Photobox's brands, which also [...]
Emergency COBRA meeting to be held after terror attack August 14, 2018 An emergency COBRA meeting is being convened this afternoon, following a terror attack outside Parliament this morning. Armed police officers arrested the man, who drove a silver Ford Fiesta into the security barriers outside the Houses of Parliament shortly after 7:30am, on suspicion of terror offences. He is not believed to be known to police, [...]