Nissan shelving plans to build new X-Trail in UK, claims report

Posted on February 2, 2019 by Admin

Firm plans to move production claims Sky News, raising concerns about Brexit impact

Nissan has refused to comment on reports that it is abandoning plans to build a new model of one of its flagship vehicles at its Sunderland plant.

The Japanese car manufacturer said in 2016 it would be building the new version of the X-Trail SUV at the factory along with its next-generation Qashqai, prompting claims that Nissan and the government had struck a “sweetheart deal” to protect the company from any post-Brexit EU tariff wall.

Tesla to cut more than 3,000 jobs because cars ‘still too expensive’

Posted on January 18, 2019 by Admin

Elon Musk says he has no choice but to reduce electric car manufacturer’s headcount

Tesla is cutting more than 3,000 jobs, or 7% of its workforce, after experiencing a year its founder, Elon Musk, said was both its most challenging and most successful.

The chief executive of the electric car manufacturer told staff on Friday that “the road ahead is very difficult” because its products were not yet affordable for most people and it was up against a big incumbent industry.

Carlos Ghosn indicted on fresh financial misconduct charges in Japan

Posted on January 11, 2019 by Admin

Former Nissan head says he is innocent, meaning he could remain in detention until trial begins

Carlos Ghosn could remain in detention for several months after prosecutors indicted him on two new charges of financial misconduct, days after the former Nissan chairman insisted he had been wrongly accused.

Ghosn was charged with aggravated breach of trust and for understating his pay by 4.3 billion yen for three years through March 2018, the Tokyo district court said.

Renault finds no illegal payments to Carlos Ghosn in past two years

Posted on January 10, 2019 by Admin

Investigation will now examine payments made to former Nissan chairman before 2017

Renault has said it has so far found no evidence of illegal or fraudulent payments to Carlos Ghosn, despite the chief executive of the French carmaker remaining under arrest in Japan.

Ghosn was arrested in November by Japanese authorities over allegations he under-reported income from Nissan, the carmaker he formerly led alongside Renault. He remains in the custody of Japanese authorities in Tokyo.