Volkswagen is to axe 30,000 jobs as part of a restructuring designed to help the German carmaker recover from the diesel emissions scandal.
Global banking businesses will face nightmarish decisions if the UK loses its access to euro-clearing trading as part of the Brexit negotiations, the Japanese ambassador to the UK has warned.
Tesla is making a “significant investment” in expanding its European operations, its CEO, Elon Musk, told investors on Tuesday, announcing a new “gigafactory” battery production plant and an automated manufacturing research centre.
German prosecutors have deepened the crisis at Volkswagen by widening an investigation into suspected market manipulation to include the chair of the carmaker’s supervisory board, Hans Dieter Pötsch.
New car sales in the UK continued to rise last month as strong growth in businesses buying company vehicles outweighed falling demand from private buyers for a seventh month.
He was born like this, he had no choice. He was born with the gift of the golden voice. Over the last few days, the business secretary, Greg Clark, has reinvented himself as Westminster’s Leonard Cohen.
Nissan was convinced to stay in the UK with a promise of no tariffs or extra bureaucratic burdens on the car industry after Brexit, the business secretary has finally revealed, prompting fears that sector-by-sector deals could cost the taxpayer “colossal amounts of money”.