Renault names new chairman and chief executive following Ghosn resignation January 24, 2019 Renault has named its new chairman and chief executive following a board meeting just hours after the resignation of Carlos Ghosn. The French car manufacturer named former Michelin head Jean-Dominique Senard as chairman and interim boss Thierry Bollore as chief executive. Read more: Carlos Ghosn resigns from Renault amid financial misconduct scandal The appointments mark a separation [...]
Apple dismisses more than 200 staff from self-driving car unit Project Titan January 24, 2019 Apple has cut more than 200 staff from its secretive self-driving car unit Project Titan, as the business undergoes some restructuring under new management. The dismissals, first reported by CNBC, come after Apple hired a former veteran of the firm Doug Field and Tesla's ex-vice president of engineering to lead the project alongside Bob Mansfield last [...]
Flybe shares tank as airline pushes on with 1p-per-share Virgin-led bid January 24, 2019 Flybe’s shares sank as much as 47 per cent this morning as investors reacted to news that the struggling airline is pressing ahead with a takeover offer that will leave them an offer worth just 1p per share. A Virgin-led consortium today provided the budget airline with the first £10m chunk of a bridging loan [...]
Uber teams up with meditation startup Calm to bring some peace to UK passengers January 24, 2019 Uber has launched a partnership with meditation startup Calm to offer in-app mindfulness exercises to passengers, in a bid to make us all slow down a little more. From today, Uber riders across the UK will be able to access a range of guided meditation and breathing exercises during a trip in one of its cars. [...]
Haynes shares soar as growing digital business boosts half-year results January 24, 2019 Publisher Haynes saw its share price jump this morning after reporting a rise in half-year revenue and profits as it looks to shift its car manuals to digital formats. The figures Haynes reported a 23 per cent rise in profit before tax to £1.6m in the 26 weeks to the end of November. Revenue jumped [...]
Carlos Ghosn resigns from Renault amid financial misconduct scandal January 24, 2019 Embattled executive Carlos Ghosn has resigned from Renault ahead of his trial in Tokyo on financial misconduct charges, the French finance minister has said. “Carlos Ghosn just resigned last night,” Bruno Le Maire told Bloomberg at the World Economic Forum in Davos this morning. Read more: Ghosn to stay in jail after Tokyo court rejects bail [...]
Airbus chief blasts Brexit ‘disgrace,’ issues dire warning on no-deal scenario January 24, 2019 Airbus chief executive Tom Enders has issued yet another stark warning about the effect a no-deal Brexit would have on the aviation giant’s UK business. In a video message, Enders urged Britain’s politicians not to listen to “the Brexiteers’ madness which asserts that, because we have huge plants here, we will not move and we [...]
Commuter chaos: Black cabs hold up Tottenham Court Road during rush hour for a third day January 23, 2019 Black cab drivers have launched a third day of protests during London's evening rush hour, gathering on Tottenham Court Road and halting traffic. The week-long demonstration, organised by the Independent Taxi Alliance (ITA), is in protest over plans to restrict access to the route as part of a £35m transformation project. The blockade is scheduled to [...]
Households could lose hundreds of pounds by failing to switch as their energy plans run out this month January 23, 2019 Hundreds of thousands of customers could have up to £302 added to their energy bills each year if they don’t switch from plans which are set to end in January. Switching service Uswitch warned that it has identified around 200,000 households on 20 different energy plans which are set to conclude this month. Read more: Households [...]
Volvo recalls over 200,000 cars worldwide as it discovers fuel pipes leaking into engines January 22, 2019 Volvo has recalled over 200,000 diesel cars over fears that fuel could leak into the engine, the company confirmed today. The recall, which affects 30,777 vehicles in the UK and 219,420 worldwide, comes after engineers found cracks in the fuel lines of several cars. In the company’s native Sweden it is recalling 37,000 cars, local [...]