No. 5: Ford Foundation December 17, 2015 UNITED STATES – £314m Motor pioneer Henry Ford and his son Edsel established the Ford Foundation in the US in 1936 to advance human welfare. The organisation started with a gift of $25,000 (£16,000) and now holds an £8bn endowment, having approved over £330m in grants in 2014. Following a two year period of transition, [...]
VW’s sales in November stall behind rivals December 15, 2015 Volkswagen has fallen into last place as the emissions scandal continues to weigh on the German car maker. Sales increased by just 4.1 per cent last month, compared to a year earlier, the smallest growth of any car maker in Europe and compared to a rise of almost 14 per cent overall. Read more: VW has no plans to sell off [...]
Ford invests billions in electric vehicles as it adds 13 new electric vehicles to its line December 11, 2015 Ford has just announced a major investment into electric cars, aiming to have 13 new models hit the roads by 2020. The American automaker announced a $4.5bn (£3bn) investment in electric vehicles, the largest-ever investment in the eco-friendly solution in a five-year period. That means that by 2020, the company will be adding 13 new electric-powered [...]
Carmaker Ford to invest £3bn in electric vehicles with 40 per cent of nameplates electrified by 2020 December 11, 2015 NULL
Star Wars economics: How destroying the Death Star created a financial crisis across the Galactic Empire after Return of the Jedi December 3, 2015 Luke Skywalker, Han Solo and the rest of the Rebel Alliance may have triumphed in defeating the Galactic Empire's overlord Lord Palpatine, but with freedom would have come financial collapse. As government infrastructure projects go, Death Stars are rather pricey. The cost of building two – both destroyed within four years by the end of Return of the Jedi – stands [...]
Good health cheers Dow at month’s start – New York Report December 1, 2015 Health and consumer shares bounced back yesterday while car sales suggested upbeat growth in November, giving the markets a positive start to December. The Dow Jones industrial average rose 168.43 points, or 0.95 per cent, to 17,888.35, the S&P 500 gained 22.22 points, or 1.07 per cent, to 2,102.63 and the Nasdaq Composite added 47.64 [...]
Volkswagen US sales plummet 25 per cent in November December 1, 2015 A sign of things to come for troubled car manufacturer Volkswagen? The company's US sales fell 24.7 per cent in November, compared with the year before – with sales of the Golf falling 64 per cent. The company shipped 23,882 units in November, down from 31,725 during the same month last year. In the year [...]
EU Volkswagen registrations decline in October as emissions cheating scandal starts to take its toll November 17, 2015 The number of Volkswagens rolling onto Europe’s roads declined in October, a sign that the continent's most popular car brand was losing favour in the wake of the emissions cheating scandal. New Volkswagen registrations across the EU reached 136,345 in October, down 0.2 per cent on the same month last year, according to figures released this [...]
World Cup-winning coach Jake White wants to succeed Stuart Lancaster – but only if first choice of England’s rugby bosses November 12, 2015 World Cup-winning former South Africa coach Jake White has told England’s rugby bosses that he is interested in succeeding Stuart Lancaster – but only if he is their first choice. White has emerged as one of the leading candidates to replace Lancaster, whose departure as England head coach was confirmed on Wednesday following a review [...]
Sam Burgess lacked the stomach to stay in rugby union, insists Bath head coach Mike Ford November 10, 2015 Code-switcher Sam Burgess did not have the stomach to fight for a rugby union future following a turbulent World Cup campaign, according to jilted Bath head coach Mike Ford. Burgess last week quit the 15-man code and returned to former rugby league club South Sydney Rabbitohs despite being just 12 months into his rugby union [...]