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

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….

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Ford and Volkswagen announce alliance to cut costs in face of tech revolution

Car companies seek to reduce costs amid slowing sales, beginning with development of commercial vans and mid-size pickupsFord and Volkswagen announced details of a new alliance on Tuesday as the two car companies look to cut the cost of the technologic…

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As Sports Direct chases dying stores, JD wins ‘athleisure’ race

Mike Ashley’s obsession with Debenhams means Sports Direct shares have dived as he loses out in sports retail sectorCompare and contrast. One of the UK’s sporting goods retailers, Sports Direct, seems to want to act as undertaker to the UK’s department…

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Former Nissan chief Carlos Ghosn suffering ‘draconian’ treatment in jail, wife says

Carole Ghosn says he’s being interrogated for hours each day to extract a confession The wife of the former Nissan chairman Carlos Ghosn has urged human rights campaigners to highlight Japanese prosecutors’ “draconian” treatment of her husband during h…

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Stricken carmakers stall at the crossroads of a radical future

It started 2019 by axing jobs, blaming the slowdown in China and the US, but now the industry faces more fundamental threatsAs motor industry executives descend on Detroit this week for its annual motor show, the icy winds sweeping in off the Great Lak…

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UK GDP growth slows to 0.3% as manufacturing stalls

New emission tests, Brexit fears and weak demand apply brakes to wider economyThe British economy slowed in the three months to November as car manufacturing went into reverse amid the broadest drop in industrial production since 2012.In a sign of moun…

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