Sir Jim Ratcliffe’s Ineos to become Mercedes F1 sponsor January 31, 2020 Business tycoon Sir Jim Ratcliffe’s Ineos will become a sponsor of Mercedes’ Formula One (F1) team in time for the new F1 season in March. According to the Financial Times, the deal, which is reported to be around £20m a year, is likely to be announced in weeks. The agreement means that reigning world champion [...]
Six Nations preview: England can heal World Cup scars while youthful France will spring a surprise January 30, 2020 The Six Nations kicks off on Saturday and, although there are some question marks around them, England are still red-hot favourites to win the tournament. On the face of it, they come into the competition facing a few issues. Sunday’s match in Paris is their first since losing the World Cup final in November. Can [...]
Jaguar Land Rover boss Ralf Speth to step down in September January 30, 2020 Jaguar Land Rover chief executive Ralf Speth is set to quit the top job at the company this September, the British car manufacturer today confirmed. The 65-year-old will vacate his CEO role but remain on the board of Tata, which owns the historic UK brand. “I feel very honoured to have worked with so many [...]
Does higher pay result in greater productivity? January 29, 2020 Henry Ford paid his workers $5 a day, twice the average for the car industry. Instead of setting a high selling price and keeping wages and costs low, Ford incentivised his workers to increase production and reduce costs based on economies of scale. As a result, the price of a Model T fell from $950 [...]
Tesla becomes world’s second most valuable car maker at $100bn January 22, 2020 Tesla’s market capitalisation soared past the $100bn mark today as shares rallied, making it the world’s second most valuable car maker and putting chief executive Elon Musk in line for a big payday. Tesla shares have risen more than eight per cent today to hit an intra-day high of $594.48, pushing its market capitalisation up [...]
Davos 2020 live: Carrie Lam ‘disappointed’ by rating downgrade January 21, 2020 Please manually refresh this page for our latest Davos 2020 updates. The World Economic Forum at Davos is focusing on sustainability this year. US President Donald Trump is set to make a special address, despite his impeachment beginning in the Senate. Environmental activist Greta Thunberg hosts a panel session. Read more: What is Davos 2020? [...]
Move over, ‘Davos Man’, climate is the big issue this year January 21, 2020 It’s that time of the year again: policymakers, politicians, bankers, activists, journalists, and a swathe of cameras are descending upon the snowy peaks of Davos for the World Economic Forum (WEF). Once branded the playground for the elite, epitomised by the stereotypical champagne swashing “Davos Man”, this year the gathering ostensibly seems to be morphing [...]
Renault sales fall 3.4 per cent amid doubts over Nissan alliance January 17, 2020 French car maker Renault suffered a 3.4 per cent fall in global sales last year, despite growing in its home European market. Sales grew by 1.3 per cent to 1.94m cars in Europe, but fell 17.2 per cent in China. Sales fell by 19.3 per cent in Africa, Middle East, India and the Pacific region. [...]
Renault chairman: ‘Real desire’ to make faltering Nissan alliance work January 16, 2020 Renault’s chairman has dismissed claims that the 20-year partnership between the French manufacturer and Nissan might be breaking down. Jean-Dominique Senard said today that there was a “real desire” at the alliance to make a success of it. This comes despite more than a year of turmoil caused by the arrest of its architect Carlos [...]
Hyundai and Kia inject €100m in London electric vehicle scaleup January 16, 2020 Car making giants Hyundai and Kia will today reveal a €100m (£85.6m) in London-headquartered electric vehicle firm Arrival. The move will mark the beginning of a strategic partnership between the trio which will see Hyundai and Kia use the scaleup’s technology to develop mobility solutions and electrify their vehicles. Arrival, which has more than 800 [...]