Car share prices including BMW, Peugeot, Daimler, Renault and Tesla are tanking in the wake of Volkswagen’s emissions cheating scandal September 24, 2015 Car share prices are tanking today as investors flee the sector amid concerns the emissions scandal engulfing Volkswagen could upset other firms. By the afternoon, firms including BMW, Daimler, Peugeot, Renault and Tata Motors were all in the red. Volkswagen was one of the few to actually see a bounce – though given that the [...]
An enduring bond September 20, 2015 Aston Martin’s Simon Sproule talks balancing growth and exclusivity THE UK has long distinguished itself as a leader in luxury goods. Increasing wealth in the Gulf states and the Far East has opened up opportunities in new markets for high-end brands with a heritage. But when exclusivity is so important to a brand’s appeal, pursuing [...]
Why the Internet of Things is just one part of a much bigger prize September 9, 2015 By now you’re most likely familiar with the Internet of Things, the phrase often used to describe the growing network of once-inanimate objects that are becoming smart, Wi-Fi-connected devices. Some are extremely innovative – a British inventor has just created smart wallpaper, which uses magnetic charges to flip ‘physical pixels’ in fabric, creating potentially [...]
SpaceX is getting ready to launch its Falcon Heavy – the world’s most powerful operational rocket September 8, 2015 Not one to be perturbed by a couple of missed landings, SpaceX – the space company founded by Tesla entrepreneur Elon Musk – has announced plans to attempt one of its boldest rocket launches yet: sending the Falcon Heavy, the world's most powerful rocket, into space for the first time. At a conference in [...]
Tesla driving towards mass market for 2017 as Elon Musk announces Model 3 September 4, 2015 Tesla boss Elon Musk announced on Twitter that the company’s third car offering would be the mass-marketable Model 3, which he hoped would go into production in 2017. He tweeted on Wednesday night: “Model 3, our smaller and lower cost sedan will start production in about 2 years. Fully operational Gigafactory needed.” And, in a [...]
Self-driving cars: This is why they won’t reach our roads for a long time August 25, 2015 There’s much excitement about the future of the self-driving car. We've heard endless discussions about Google's version ever since it was first launched in 2010, and now Apple has jumped on the bandwagon, too. Read more: Driverless car technology to get £20m UK government funding and testing guidelines introduced In fact, earlier this year [...]
How successful people spend their holiday August 18, 2015 Neglect planning at your peril That's my lesson for taking a vacation: vacation will kill you,” surmises Tesla founder Elon Musk in a recent biography, having contracted a severe bout of malaria following a holiday in Africa in 2000. Indeed, the most successful business leaders don’t necessarily have the most successful holidays; last year, [...]
Wall St rises as home building sentiment up – New York Report August 17, 2015 US STOCKS rose yesterday after strong economic data boosted the housing sector and as investors bought recently battered shares in biotech and media. The Dow Jones industrial average rose 67.78 points, or 0.39 per cent, to 17,545.18, the S&P 500 gained 10.9 points, or 0.52 per cent, to 2,102.44 and the Nasdaq Composite added 43.46 [...]
Tesla unveils $500m extra stock offering August 13, 2015 ELECTRIC car manufacturer Tesla has announced that it intends to offer $500m (£320m) of additional shares of common stock in an underwritten registered public offering. The raised capital will be used to accelerate growth of the business globally, but specifically will help fund Tesla’s upcoming Model 3 project and completion of a battery gigafactory in [...]
Media firms drag on Dow – New York Report August 6, 2015 WALL Street ended sharply lower yesterday as weak earnings reports from media companies stirred fears that more viewers are ditching cable TV, dragging the sector to its worst two-day loss since the financial crisis. The Dow Jones industrial average fell 0.69 per cent to end at 17,419.75 and the S&P 500 lost 0.78 per cent [...]