French tax authorities have reportedly seized funds from Carlos Ghosn and his wife. He is under investigation in France for possible tax evasion during his last three years heading Renault and Nissan, according to media reports. Lawyers for Ghosn and French tax authorities have been discussing since the middle of 2019 whether the former CEO was a French resident during 2016, 2017 and 2018 after … [Read more...]
Carlos Ghosn’s fate was engineered, claims newspaper
Fired Nissan boss and fugitive from justice Carlos Ghosn was set up by directors of the Japanese car company, it is claimed in a media report this week. The National, a Middle East paper which covers Lebanon where Mr Ghosn is now living, claims there is now some evidence to support his claim. According to people familiar with what happened and previously unreported internal correspondence, the … [Read more...]
Tradelines 27 May
Around 1,200 jobs are going at McLaren. The group’s applied technology, automotive and racing businesses will be hit, the company said in a statement, as the cancellation of motorsport events, the suspension of manufacturing and retail activities around the world and reduced demand for technology solutions dashed the group’s revenue generating activities. Renault and Nissan have shelved plans … [Read more...]
Tradelines 26 February
The new DBX SUV has been given the Q-treatment of bespoke luxuries and features by Aston Martin. The Welsh-made luxury car will be shown in its latest Q-code design at next week’s Geneva motor show. Volkswagen's adding a range-topping premium model to its flagship Touareg line – the Touareg R. The versatile model’s 340 kW (462 PS) plug-in hybrid drive offers an innovative blend of superlative … [Read more...]
Newslines 2 January
Train fares across Wales have been reduced, bucking trends across the rest of the UK, from this week. Transport for Wales said overall average prices will drop by just over 1% but English services coming through Wales will rise about 2.8%. Interpol has issued Lebanon with an international arrest warrant for fugitive motor mogul Carlos Ghosn, but it’s unclear if he will be detained and he’s … [Read more...]
Ghosn’s home but not alone
Ousted and jailed Nissan boss Carlos Ghosn has fled to his Lebanon home country after escaping from Japan. He has spent over a year in custody, latterly in a private house under surveillance, before making his getaway, reportedly hidden in a harp or double-bass instrument case and aboard a private jet. Although his three passports were held in Japan, he was allowed to freely enter Lebanon where … [Read more...]
Newslines 24 September
It’s the end of the road for Honda diesel cars in Europe inside two years.The car maker said it will move towards electrically assisted models throughout its range by 2025.The Volkswagen Group is setting benchmarks in the development, testing and production of cutting-edge battery cell technology in Germany.In Salzgitter, Lower Saxony alone, over 1,000 jobs will be created by 2023/24 … [Read more...]
Newslines 23 July
Volvo is recalling 507,000 vehicles because of a faulty engine component that in extreme cases could result in a fire.Volvo said its own investigations have identified that “in very rare cases the plastic engine intake manifold may melt and deform” in models made between 2014 and 2019 and fitted with a 2.0-litre, four-cylinder diesel engine around the world.With scorching temperatures of … [Read more...]
Newslines 23 April
Lower prices, reassurances over battery life and more accessible charge points are among the things drivers claim would persuade them to switch to an electric car, it has emerged.But despite electric vehicles estimated to emit 50 per cent less greenhouse gas than diesel, just seven per cent of motorists have already made the switch and the study of 2,000 car owners found less than two fifths … [Read more...]
Tradelines 10 April
The SsangYong Rexton is available with a highly competitive 5.9% APR Representative PCP with a £2,500 SsangYong deposit contribution for just £349 over 36 months, plus deposit and optional final payment on the EX manual.SsangYong has announced new 0% APR finance offers over five years and with a 20% minimum deposit on its petrol and diesel Tivoli and Tivoli XLV for the spring.The EU is … [Read more...]
