Nissan invests £400m despite warning

  Nissan is investing £400m in its Sunderland plant, despite warnings from the Japanese carmaker that tariffs after Brexit might endanger the facility’s exports. The company said a new £52m press line, has been installed ahead of building a revised version of the Qashqai, the family sport-utility vehicle that accounts for two-thirds of the site’s…

Tesla the yardstick for electric cars

The auto industry is moving beyond internal combustion engines or self-driving software, the brains for fleets of robot vehicles, Elon Musk’s Tesla has become a key supplier of batteries and electric power trains. Tesla’s share price culminated in an electrifying 48 per cent leap during the first two trading sessions of this week. From a…

Tesla has hit $100bn for the first time

Elon Musk, the billionaire co-founder of Tesla saw the market value of the electric car maker pass $`103bn, following a three-month rally in which Tesla’s share price has soared 125 per cent, as Donald Trump compared him to US Inventor Thomas Edison, calling him one of our great geniuses.  If the market cap averages $100bn…

Way forward for 5G networks

A couple of months ago, the heads from 18 small British telecoms companies met at a London bank to discuss investment, strategy, and mergers. In the meeting, they were asked if they thought the Chinese could eavesdrop through back doors in Huawei equipment all 18 hands went up. One of the bankers then asked, if…

Foxconn to venture in to electric cars

Foxconn, an Apple lead assembler and depends on Apple for 50 per cent of its revenue, is venturing into electric cars with Fiat, Chrysler Automobiles. Hon Hai, Precision Industry, as the world’s largest contract manufacturer is in talks to set up a business the Italian-American carmaker both holding 50 per cent stake, to make cars…

Arrival British EV start-up gets £85m from Hyundai and Kia

Korean manufacturers, Hyundai and Kia have invested €100m into electric-vehicle start-up Arrival with a €3bn price tag in one of the largest investments in Britain’s motor industry since the Brexit vote to leave the EU in 2016. “This will lead to significant collaboration this is far more than just an investment” Avinash Rugoobur, Arrival’s chief…

Was Ghosn a cold greedy dictator?

Carlos Ghosn was the chairman of Nissan, the man credited with saving the Japanese carmaker from potential bankruptcy and also  CEO of the French carmaker Renault and the driving force behind a global alliance between the two along with the smaller manufacturer Mitsubishi they made up a motor industry group that sold more than 10…

Aston Martin seeking new investments

China’s Geely has held talks with Aston Martin investors and management and is conducting due diligence as the talks may lead to a technology partnership rather than investment in the UK group. Geely which also owns Britain’s Lotus and Sweden’s Volvo, as well as Germany’s Daimler, is one of the several groups in talks about…

Tesla  shares prices jump  54 per cent

Tesla’s share prices which nearly halved in the opening months of 2019 have since rebounded  140 per cent to value over $80bn. In the latest quarter, Tesla has delivered over 367, 500 cars in 2019 up 50 per cent from the previous year and topped all Wall Street expectations. Shares in the company surged 5.5…

Ghosn flee from Japan

Carlos Ghosn, a Brazilian born French businessman of Lebanese ancestry, who served as the CEO of Michelin North America, Chairman, and CEO of Renault chairman of AvtoVAZ chairman and CEO of Nissan and chairman of Mistubishi Motors Fled from Japan by using one of the 2 French passports and Lebanese ID, entered Lebanon, confirmed by…