China reduces tariffs on US cars to 15 per cent amid signs trade war is softening December 11, 2018 China has agreed to reduce tariffs on US cars from 40 per cent to 15 per cent. Shares in US car firms jumped slightly on immediate reaction to the news. Shares in General Motors were up 2.8 per cent, while Tesla was up 0.7 per cent and Ford 0.65 per cent. Meanwhile, US markets were up slightly [...]
Former US President George HW Bush dead at 94 December 1, 2018 Former US President George Bush died late last night at the age of 94. Bush, the 41st US President, died at 10.10pm Central time at his home in Houston, according to a spokesperson. He was the father of George W Bush, the 43rd US President who served two terms during the 2000s, and Jeb Bush, [...]
Ford’s Europe president says a no-deal Brexit would be an ‘absolute disaster’ for the car industry November 29, 2018 Ford's Europe, Middle East and Africa president has said a no-deal Brexit would be an "absolute disaster" for the auto industry. Speaking at a conference in London, Steven Armstrong said Ford was already "spending money on no-deal plans that we may never need" to avoid a cliff edge in which the UK leaves the EU without a [...]
Volkswagen is planning a new US plant for electric cars as it takes the fight to Tesla November 29, 2018 German car manufacturer Volkswagen is marking out spots for a future electric vehicle factory in North America, as major car firms gear up to face rival firm Tesla's impact on the market. The newly-appointed chief executive of Volkswagen's US arm said the firm is planning a new plant to build a car that has yet to [...]
Big corporations score poorly in new lobbying transparency ranking November 26, 2018 The vast majority of large international corporations are falling short when it comes to transparency on political engagement, a new report has found. An index produced by Transparency International UK (TI-UK), an NGO that campaigns against global corruption, found that four in five companies had poor standards in disclosing their lobbying efforts. Nearly all failed [...]
Marilyn Monroe’s Golden Globe sells for record-breaking $250,000 at Hollywood auction November 18, 2018 Marilyn Monroe's 1961 Golden Globe award has sold for a record-breaking $250,000 (£195,000) at an auction in California. The actress' award for world film favourite female became the highest selling Golden Globe award in history when it fetched a quarter of a million dollars at Julien's Auction in Beverly Hills on Saturday. Monroe's 1956 Ford [...]
Volkswagen embarks on $50bn plan to mass produce electric cars November 17, 2018 German car manufacturer Volkswagen has said it will become the most profitable manufacturer of electric cars in the world, under the terms of a new plan to mass produce battery-powered vehicles. Chief executive Herbert Diess said the company will spend almost €44bn (£39.1bn) on developing the technology for a fleet of electric and self-driving vehicles, [...]
Ollie Phillips: Experimental England need to use Japan match as opportunity to show their attacking credentials November 15, 2018 Eddie Jones has made 11 changes for England’s match against Japan on Saturday, which leaves him open to accusations of playing a second-string side. But looking at the XV it isn't quite that simple. Instead it highlights their strength and depth with exciting options all over the pitch. Japan are clearly the easiest of the [...]
Ford opens itself up to investors on driverless car tech November 15, 2018 The chief executive of Ford Motors has said the company is open to discussions with rival firms and investors on funding its self-driving technology unit, but played down ongoing talks with Volkswagen about a potential deal. Ford and Volkswagen have previously acknowledged that they are in talks on a partnership, however Ford boss Jim Hackett said today [...]
Revealed: The vast number of England players capped by Eddie Jones as Joe Cokanasiga and Ted Hill prepare for debuts against Japan November 15, 2018 Joe Cokanasiga and Ted Hill are set to make their England debuts against Japan on Saturday, taking the number of players capped during Eddie Jones’s three-year tenure to 66. Bath wing Cokanasiga, 21, has been named in a starting XV that features 11 changes to the side that narrowly lost to New Zealand last week, [...]