Carlos Ghosn, chairman, president and chief executive officer at Nissan, discusses the new Rogue Sport, autonomous driving, electric vehicles and changes for the auto industry under the incoming Trump administration. He speaks with David Westin on “Bloomberg Markets” from the North American International Auto Show in Detroit, Michigan.
Ford Chairman Bill Ford discusses the Detroit auto industry, Donald Trump’s trade policies, the president-elect’s nomination of Elaine Chao for Transportation secretary and the company’s decision to scrap plans for a new plant in Mexico. He speaks with David Westin on “Bloomberg Markets” from the North American International Auto Show in Detroit, Michigan
Millions of London underground passengers have been hit by travel chaos after unions called a 24-hour strike.
The industrial action is part of a long-running dispute over ticket office closures.
Unions say over 800 jobs have been axed and allege it has resulted in staff being abused by angry passengers queuing at ticket machines.
The city's mayor Sadiq Khan has criticised the walkout.
Aerial footage from the UK capital showed commuters struggling to get to work.
Waymo, Google's self-driving car division, will start testing its new fleet of minivans on public roads in California and Arizona later this month, Waymo CEO John Krafcik revealed in a speech at the Detroit auto show Sunday.
Toyota CALTY designer lead Ian Cartabiano walks through the interior design and technology of the Concept-i concept at CES 2017. With scissor-doors, autonomous driving, and an innovative artificial intelligence co-driver, it's a preview of the sort of technology that Toyota believes could be in the emotionally-engaged cars of tomorrow.
(qlmbusinessnews.com via uk.reuters.com – – Fri, 6 Jan, 2017) London, UK – –
Shares of Toyota Motor Corp (7203.T) fell more than 3 percent on Friday after U.S. President-elect Donald Trump threatened to impose heavy taxes on the automaker if it builds its Corolla cars for the U.S. market at a plant in Mexico.
Toyota dropped as much as 3.1 percent to 6,830 yen ($59.06) in early trade before paring losses, after Trump's tweet on Thursday – “Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax.”
The tweet was Trump's first broadside against a foreign automaker. He has slammed automakers in the United States for building cars in lower-cost factories south of the border, which he said costs American jobs.
This week Ford Motor Co (F.N) scrapped plans to build a $1.6 billion assembly plant in Mexico after Trump criticized the investment.
Trump's tweet confused Toyota's existing Baja plant with the planned $1 billion plant in Guanajuato, where construction got under way in November.
Baja produces around 100,000 pickup trucks and truck beds annually, including the Tacoma pick-up truck. In September, Toyota said it would increase output of pick-up trucks by more than 60,000 units annually.
The Guanajuato plant will build Corollas and have an annual capacity of 200,000 when it comes online in 2019, shifting production of the small car from Canada.
Other Japanese automakers too have plants in Mexico. Nissan Motor Co (7201.T) has two facilities, producing 830,000 units in the year to March.
Honda Motor Co (7267.T) operates two assembly and engine plants in Mexico with a total annual capacity of 263,000 vehicles. It also operates a transmission plant with an annual capacity of 350,000 units.
Other Japanese carmakers also fell in early trade, with a stronger yen dragging on prices too. Honda fell more than 2 percent before paring losses, while Nissan also shed 2 percent, underperforming the broad Topix .TOPX index.
By Thomas Wilson
The British Airways cabin crews are set to stage a walkout over payments after rejecting a deal proposed by the airline in December.
Trade union, Unite, announced that up to 2700 British Airways cabin crew members will leave work for 48 hours from January 10. The strike was initially planned for Christmas Day and December 26 but it was postponed after the airline made the offer. However, later 70 percent of the union members voted the offer down. Unite says low salaries have forced some of its members to find a second job. British Airways have called the walkout completely unjustified. The people involved in the strike account for 15 percent of the airline’s cabin crew.
In this video, BBC One London Fireworks 2017 – New Year's Eve Fireworks. London Fireworks 2016 /17 – New Year's Eve Fireworks – BBC One
(qlmbusinessnews.com via uk.businessinsider.com via standard.co.uk — Thu, 29 Dec, 2016) London, Uk —
Flights between Britain and New York costing less than £60 are set to be introduced in the new year.
Budget airline Norwegian plans to slash the price of flights from Edinburgh to smaller airports in the Big Apple to as little as £56, it was announced last week.
Tickets will be sold on flights to airports other than JFK using six Boeing 737MAX aircraft which burn less fuel than other long-haul planes, the Times reported.
Earlier this month the airline revealed that it would cut US-bound services leaving Gatwick from 34 to 22 flights a week from next year.
British Airways cut flights to the US from the UK earlier this year.
Flights on the Boeing 787 Dreamliner aircraft will start at £135.
Employees at an Iowa cabinet company are about to get a sunny reprieve from the winter cold, all thanks to the boss. All of the more than 800 employees of Bertch Cabinets in Waterloo, Iowa will get a free trip to the Caribbean next month. company president Gary Bertch said “We leave January 8, We've got four charter aircraft that will be flying directly to Miami Sunday and staying at a nice five-star hotel. Then on Monday, we'll bus over from the hotel to the port and load up on the ship.” Bertch told his employees the trip was a reward for them after the company meet its goals for the year.
Airbus will sell Iran Air 100 planes worth $18 billion under a deal finalized just weeks after Boeing agreed to sell 80 aircraft to the state-run airline
This isn't your typical snow fort. Italian architect Luca Roncoroni travelled to the Arctic Circle to design this Victorian Ice Suite for the Icehotel 365 in Jukkasjärvi, Sweden, where rooms can cost $1,000 a night. It took nearly 10 tons of ice and roughly 135 hours to hand-carve every detail. Bloomberg Pursuits watches him work, from start to finish, in one magical minute.
Bloomberg Pursuits’ Troy Patterson discusses how Patrick Grant, owner of Savile Row tailor Norton & Sons, is working to convince American clients to embrace the British style. He speaks with David Gura on “Bloomberg Markets.”
(qlmbusinessnews.com via news.sky.com- – Tue, 20 Dec, 2016) London, Uk – –
A 48-hour strike planned by baggage handlers and check-in staff at 18 airports from Friday has been cancelled, says Unite.
Members of Unite employed by Swissport had been due to walk out for the two days before Christmas, one of the busiest times of the year for travellers.
They had voted for industrial action in protest at a 4.65% pay rise over three years but the strike was called off after talks between the parties at conciliation service Acas on Tuesday.
Unite general secretary Len McCluskey said the strikes had been cancelled after a better pay offer was received.
He said: “I am delighted to report that we have reached an agreement which our shop stewards will recommend to our members.”
The airports affected were to include Gatwick, Heathrow, Birmingham, Manchester, Glasgow, Stansted, East Midlands and Belfast.
Aberdeen, Bristol, Bournemouth, Cardiff, Doncaster, Edinburgh, Leeds/Bradford, Luton, Newcastle and Southampton had also expected to be disrupted.
British Airways cabin crew are due to strike on Christmas Day and Boxing Day and talks regarding their dispute – also over pay – are continuing.
Mr McCluskey described progress in those talks as “painfully slow”.
The airline has said it still expects to run a full service, however.
Strike action by Southern rail staff over the role of guards and driver-only trains – which they argue are a safety risk – has meant that the rail operator's 2,242 services have come to a grinding halt.
One of the bosses of GTR, who run under-fire rail company Southern, has apologised for the travel chaos commuters will face throughout December. The RMT and Aslef unions have called for a number of strikes across the month over a long-running dispute about the changing role of conductors on trains. Alex Foulds, the deputy chief operating officer for GTR, also called the Southern service “very poor” and said it was “not good enough”.
At the International Manufacturing Technology Show in Chicago, Local Motors 3D printed a plastic car called the Strati.
Local Motors printed the car's chassis and body all in one piece, and also printed the fenders separately. The first phase of the process took just 44 hours.
Then the non-printed components (engine, seats, steering wheel, etc.) were attached in the last stage of the assembly.
“A 3D printed car like ours will only have dozens of components,” Local Motors engineer James Earle told Business Insider. In the near future, he says, it could cost only about $7,000 to manufacture, perhaps the start of what will become a niche market for customized cars.
Google Pixel vs iPhone 7 – I put these two flagship Android and iOS smartphones head-to-head to find out which is best and which you should buy.
Big changes are coming to England's much maligned railway network. The Transport Secretary is to strip Network Rail of complete control of the tracks, instead making it share responsibility with private companies. Chris Grayling says it'll lead to more reliable services and a better experience for passengers. Unions though, say it'll put safety at risk.
(qlmbusinessnews.com via telegraph.co.uk – – Wed, 7 Dec, 2016) London, Uk – –
Piccadilly Lights, the famous illuminated advertising boards that overlook Piccadilly Circus, are to be switched off for an extended period for the first time since the Blitz to allow a complete overhaul.
Land Securities, the commercial property giant that owns the site, has secured permission from Westminster Council to replace the patchwork of boards with a single, ultra-high definition curved screen.
The current six screens, which advertise brands including Coca-Cola and Samsung, will be switched off in January and dismantled in works that are expected to take until autumn to complete.
Although it is the first extended switch off since the 1940's, the famous displays went dark a fortnight ago for a number of hours after London's West End was plunged into darkness by a power cut.
The boards have been almost constantly illuminated since the Second World War, with only brief blackouts for power cuts and the funerals of Winston Churchill and Princess Diana. Recently the lights have also been switched off for the annual Earth Hour environmentalism event.
While Coca-Cola and Samsung will remain, Land Securities’ partner, Ocean Outdoor, hopes to tempt new brands to the landmark site, with new capabilities and more flexible tenancies. The site is believed to be the most expensive outdoor advertising location in Britain.
The patchwork appearance will also be maintained by the new screen, due to be Europe’s largest, but live video streaming and integration with Facebook and Twitter feeds will be added.
Tim Bleakley, chief executive of Ocean Outdoor, said the new technology at the site will “protect its heritage while keeping ahead of trends”.
The advertising boards at Piccadilly Circus date back to the the early 1900s. Perrier was the first brand to illuminate its sign, in 1908.
TDK, the Japanese electronics maker, ended its association with the site last year after quarter of a century. Coca-Cola has advertised there for 62 years.
Aedamar Howlett, Coca-Cola GB's marketing chief, said: “This new technology will allow us to be more agile and tailor our messages in real-time, as well as be more creative when it comes to the content and engaging consumers directly.”
By Christopher Williams