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Wednesday 22nd of March 2017 07:51:15 AM
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.... In 2010, Germany’s government had to support its banks with €280bn, by establishing two bad banks to take over these problematic financial products. Viewed from this perspective, a large number of the many Porsches, Mercedes, and BMWs delivered to America have never been paid for at all. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 03:26:12 PM
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Latest Finance News related to BMW

Trump is wrong to criticise Germany over trade – he should look closer to home image
.... In 2010, Germany’s government had to support its banks with €280bn, by establishing two bad banks to take over these problematic financial products. Viewed from this perspective, a large number of the many Porsches, Mercedes, and BMWs delivered to America have never been paid for at all. ...
Hard Brexit 'could increase cost of making a car in UK by £2,400' image
Source : Guardian [Read Article] Monday 20th of March 2017 06:34:46 PM
.... There are fears that General Motors’ Vauxhall plants at Ellesmere Port, Merseyside, and Luton, Bedfordshire, could be downsized or even closed after the business was bought by Peugeot. BMW has also warned it could make the new electric Mini in Germany rather than its factory in Oxford. ...
Toyota invests £240m in Derbyshire plant – but warns over Brexit tariffs image
....However, there are concerns that General Motors’ Vauxhall plants at Ellesmere Port, Merseyside, and Luton, Bedfordshire, could be downsized or even closed after the business was bought by Peugeot. BMW has also warned it could make the new electric Mini in Germany rather than its factory in Oxford. ...
Toyota to invest £240m in UK plant at Burnaston image
Source : BBC [Read Article] Thursday 16th of March 2017 09:39:48 AM
....The general secretary of the Unite union, Len McCluskey, said Toyota workers "need to know that the government has their back and will do whatever is necessary to ensure new models and new investment keeps coming to Britain". "With discussions set to start on the replacement of models such as Vauxhall's Astra and decisions due on BMW's electric Mini, it is vital that ministers calm nerves by stating they will secure tariff-free access to the European single market and customs union in Brexit negotiations. ...
Intel buys driverless car technology firm Mobileye image
Source : BBC [Read Article] Monday 13th of March 2017 12:09:06 PM
....54 a share in cash for the Israeli company, which develops "autonomous driving" systems. Mobileye and Intel are already working together, along with German carmaker BMW, to put 40 test vehicles on the road in the second half of this year. ...
Brexit and Bochum haunt Vauxhall in the new battle for Ellesmere Port image
Source : Guardian [Read Article] Saturday 11th of March 2017 04:00:38 PM
.... “For the future of those employees and for customers in the UK, a zero-tariff environment is really, really important,” Farley said. Britain’s car industry is dominated by continental (Volkswagen and BMW), American (Ford and GM) and Japanese (Nissan and Toyota) manufacturing groups whose main export market is the EU. ...
Electric Mini decision due later this year image
Source : BBC [Read Article] Tuesday 7th of March 2017 12:43:00 PM
. The head of BMW in the UK says a decision on whether the electric Mini will be produced in the UK or elsewhere will be made in a few months' time. ...
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A Mini part's incredible journey shows how Brexit will hit the UK car industry image
. If there is just one anecdote that succinctly sums up the problems that Brexit and the threat of tariffs pose to the UK car industry, it is this: the story behind the crankshaft used in the BMW Mini, which crosses the Channel three times in a 2,000-mile journey before the finished car rolls off the production line. ...
'You weren’t scared?': Nissan takes us for a ride in the Leaf driverless car image
....More than 90% of car accidents are caused by their human drivers, several of whom in Beckton seemed thrown by a car scrupulously observing speed limits, traffic signs and red lights. Iijima had to grab the wheel again as the Leaf was cut up by a BMW, and once more as a car behind attempted to change lanes at the same time. ...
Dyson shrugs off Brexit fears with massive UK expansion plan image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:19:58 PM
....The expansion plan is a boost for the government amid growing speculation about the future of other key industrial facilities. BMW is considering building its new electric Minis in Germany rather than its factory at Oxford. ...
BMW considers making electric Mini outside UK due to Brexit worries image
Source : Guardian [Read Article] Monday 27th of February 2017 06:21:12 PM
....The new electric Mini could be made in Germany rather than the UK because of the uncertainty caused by Brexit. Most Minis are manufactured at its plant in Oxford, one of the biggest factories in the country, but BMW, the owner of the brand, is considering making the electric version of the car in Germany. ...
Five minute guide to the rising cost of car maintenance image
Source : Daily Express [Read Article] Sunday 19th of February 2017 12:01:00 AM
.... Smaller-engined cars can, for example, also cut your vehicle excise duty, while gas guzzlers are charged more. The rules change from April, but pure electric cars such as the Nissan Leaf, BMW i3 and Renault Zoe will continue to pay no car tax at all. ...
Unite workers at BMW threaten action over plans to shut UK pension scheme image
Source : Guardian [Read Article] Monday 13th of February 2017 07:01:07 AM
. More than 7,000 BMW workers are threatening industrial action over the German carmaker’s plans to shut the final salary pension scheme. ...
'Europe's fate is in our hands': Angela Merkel's defiant reply to Trump image
Source : Guardian [Read Article] Monday 16th of January 2017 07:54:18 PM
.... “I’ve spoken today not only with EU foreign ministers but Nato foreign ministers as well and can report that the signals are that there’s been no easing of tensions,” he said. Other senior members of Merkel’s government were quick to defend Germany’s policies after Trump criticised the chancellor’s handling of the refugee crisis and threatened a 35% tariff on BMW cars imported to the US. ...
Twelve things you need to know about driverless cars image
Source : Guardian [Read Article] Sunday 15th of January 2017 07:30:09 AM
....Today’s AV sector is a crowded space. It’s estimated that at least 33 tech and auto corporations, ranging from Apple to Chinese bus manufacturer Yutong – via the likes of Audi, BMW, Google, Honda, Intel, Tesla, Uber and Volkswagen – are currently developing AV technology. ...
How to break costs: Drive a hard bargain if changing your car image
Source : Daily Express [Read Article] Sunday 15th of January 2017 12:01:00 AM
....This can help to offset many of the initial costs, making a brand-new car more affordable than you think. It analysed the costs for popular new motors the Nissan Qashqai, Volkswagen Golf, BMW 3 Series, Ford Fiesta and Vauxhall Astra, and found that in every case fuel, road tax and MOT (not required until the car is three-years old) were all cheaper than they would be for a five-year-old model. ...
Rolls-Royce Motor Cars boss pledges future in UK despite Brexit qualms image
Source : Guardian [Read Article] Monday 9th of January 2017 10:29:38 AM
....Rolls-Royce Motor Cars has vowed not to turn its back on the UK amid concerns that firms could shift their headquarters overseas in response to the Brexit vote. The luxury carmaker, which is owned by Germany’s BMW, posted its second-highest annual sales in more than a century, up 6% on last year to 4,011 vehicles. ...
Jaguar Land Rover and Rolls-Royce car sales rise image
Source : BBC [Read Article] Monday 9th of January 2017 07:24:06 AM
....Chief executive Dr Ralf Speth said last year that the company wanted to double production from 500,000 to one million cars a year, but that it would depend on government support. Rolls-Royce - which is owned by BMW - has seen record sales in the US, Japan, the UK and Germany. ...
Toyota plans to invest $10bn in US image
Source : BBC [Read Article] Sunday 8th of January 2017 10:03:23 PM
....Mr Lentz said the money was going on a new headquarters in Texas and upgrades to existing US car plants. Earlier, BMW told the BBC that it was "absolutely" committed to a new plant in Mexico, despite Mr Trump's opposition to such policies. ...
Global car industry worries about the new warning signs image
Source : Guardian [Read Article] Sunday 8th of January 2017 10:32:43 AM
.... That will shift the balance of power from manufacturers to service providers. ” So BMW has teamed its electric i3 models with the DriveNow car-sharing business and General Motors is partnering with taxi-hailing app Lyft in a driverless trial. ...
CES 2017: Ford sticks to self-driving cars by 2021 pledge image
Source : BBC [Read Article] Friday 6th of January 2017 08:39:41 PM
...
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'A major bank will fail' image
Source : BBC [Read Article] Friday 6th of January 2017 12:06:14 AM
....While Pokemon Go showed how augmented or mixed reality tech could take the mobile gaming world by storm, 2017 is likely to see more businesses adopting the technology, too. The marketing opportunities are obvious, with companies like BMW linking up with Accenture and Google Tango to create an app that lets customers visualise what various car models would look like in real-world situations. ...
Philip Green, Vibrac and Riverdance: the mystery of Everton’s ‘shadow investor’ image
....The only other name on the charge documents is Fiona McPadden, who is also listed as an accountant and has signed off the loan on behalf of JG Funding. After digging a little deeper, @watchedtoffee claims she is the sister of McMorrow and works at a BMW dealership in Sligo, having married a local builder, Vincent McPadden. ...
Smart gloves, clever belts image
Source : BBC [Read Article] Tuesday 20th of December 2016 12:18:36 AM
....It is an example of how tech-enhanced humans are fighting back against the seemingly unstoppable rise of the robots. At BMW's spare parts plant in Dingolfing, for example, which employs around 17,500 people, hand-held barcode readers have been replaced by gloves that scan objects when you put your thumb and forefinger together. ...
ECB's quantitative easing programme investing billions in fossil fuels image
Source : Guardian [Read Article] Friday 9th of December 2016 01:36:07 PM
....Purchases are often carried out in line with national priorities. The Bundesbank’s most frequent securities acquisitions were in car industry flagships Daimler and BMW (15 times each), and in VW (7 times). ...
Final salary pension schemes pivot to overseas stock markets image
Source : Guardian [Read Article] Thursday 8th of December 2016 07:46:12 PM
....5 million for the first time, the PPF said, increasing the number of deferred members with a frozen guaranteed payout. German car giant BMW became the latest firm to propose shutting its final-salary pension schemes when it said in September that it would shift the 5,000 staff at its plants in the UK over to its less generous defined-contribution scheme. ...
The 10 lies ​about Black Friday's consumerist circle of hell image
Source : Guardian [Read Article] Thursday 24th of November 2016 07:00:27 AM
.... The great French novelist Marcel Proust, who was a profound influence on the thoughts of Walter Benjamin, saw through that kind of nonsense at the age of 18: “Desire makes all things flourish,” he wrote, “possession withers them. ” True, he was mostly focused on the objects of sexual desire, but his words apply equally to a used BMW X5. ...
Parking bays widened for bigger cars, says NCP image
Source : BBC [Read Article] Monday 21st of November 2016 11:18:32 AM
....4m) in width. However, the latest models of the Audi Q7, Land Rover Discovery, BMW X5 and the Mercedes GL-Class are all longer than 4. ...
Clock watching image
Source : BBC [Read Article] Monday 21st of November 2016 12:16:53 AM
....So if a company wants its software developers to up their game, to help improve a product or service, it sends them to Pivotal for an immersive boot camp that typically lasts three months. And with Pivotal's assistance much in demand, its vast client list includes BMW, Mercedes-Benz, Lockheed Martin, NBC, Bloomberg, Orange, eBay, South West Airlines, and Twitter. ...
Volkswagen plans 30,000 job cuts worldwide image
Source : BBC [Read Article] Friday 18th of November 2016 09:39:10 AM
....Prof Stadler said: "It means VW would have to sell 60,000 e-vehicles in China by 2018, and hybrids only represent half a point. Even BMW, one of the pioneers of electronic cars has sold just 1,204 e-vehicles in China in 2016 up to September. ...
Ford to push ahead with Mexico move despite Trump threat image
Source : BBC [Read Article] Tuesday 15th of November 2016 10:22:17 PM
....Mr Fields said on Tuesday it was moving the Focus to make room for two new products in Michigan. He also expressed support for free trade deals like Nafta, echoing comments from BMW chief executive Harald Krueger last week. ...
Rolls-Royce 'made secret payments' image
Source : BBC [Read Article] Monday 31st of October 2016 05:01:05 PM
....The world famous car business of the same name was split from the aero engine company in 1973, after it had been nationalised by the then Conservative government under Ted Heath to stop the company going bust. Since 1998 the Rolls-Royce car brand has been owned by BMW which now makes the cars at Goodwood in Sussex. ...
How a trip to B&Q to buy paint can wreck your car image
Source : Guardian [Read Article] Saturday 29th of October 2016 06:00:12 AM
. When Kelly and Steve O’Reilly from Fife popped a five-litre can of paint mixed at their local B&Q store into the boot of their new BMW, they had no idea of the destruction it was about to cause. ...
Robot rage image
Source : BBC [Read Article] Thursday 20th of October 2016 11:49:10 PM
....Electric car maker Tesla recently declared that all new cars it builds will include the hardware necessary for automated driving in anticipation of its eventual regulatory approval and public acceptance. And Mercedes, Ford, Volvo, BMW, General Motors and others are spending millions on research and development into this area, with Ford stating it will have a commercially-available mass-production car ready by 2021. ...
Self-driving cab in 'prang' in Singapore image
Source : BBC [Read Article] Tuesday 18th of October 2016 12:22:23 PM
.... Currently the vehicles are not taking paying passengers. Driverless technology is one of the biggest growth areas in the automotive industry and just about every car company is working on driverless technology from Silicon Valley's Tesla to Ford, Volvo, BMW and a number of Chinese car makers. ...
Ex-Tesla rival Fisker rejoins electric car race image
Source : BBC [Read Article] Wednesday 5th of October 2016 01:24:10 AM
.... . Before starting his first electric car company in California, the Danish designer worked for car firms including Aston Martin and BMW. ...
Formula E: Mercedes takes option to join electric motor series image
Source : BBC [Read Article] Tuesday 4th of October 2016 11:39:35 AM
....The third Formula E season starts in Hong Kong on 9 October. Ten teams - including car manufacturers Renault, Audi, BMW and Jaguar - currently take part in the series, with two new entries to be allocated for 2018-19 subject to the approval of the International Automobile Federation (FIA). ...
Join a club that can help drive down the cost of car ownership image
Source : Guardian [Read Article] Monday 3rd of October 2016 05:59:09 AM
....Most of the wave of car clubs are based in London, although bigger cities such as Brighton, Manchester, Leeds, Liverpool, Norwich, York and Edinburgh have also seen growth. Traditional rental companies and manufacturers are getting involved, with Hertz, Enterprise, Ford and BMW recently investing in or acquiring car clubs. ...
Absent brands image
Source : BBC [Read Article] Tuesday 27th of September 2016 11:51:21 PM
.... . The big motor shows are certainly spectacular - BMW even had an elevated test track running through its stand at the Frankfurt Motor Show last year, for example - but they certainly don't come cheap. ...
BMW to shut final-salary pensions of 5,000 staff in Britain image
Source : Guardian [Read Article] Tuesday 27th of September 2016 11:21:08 AM
. German car giant BMW has revealed plans to shut its two final-salary pension schemes for 5,000 staff in Britain – prompting the country’s biggest trade union, Unite, to say it will fight the proposals “by whatever means possible”. ...
Avoid paying a premium for car insurance image
Source : Guardian [Read Article] Saturday 24th of September 2016 06:00:24 AM
....It found that buying cover 30 days in advance could be £103 cheaper than buying the day before (based on a 35-year-old accountant living in south London and driving a 2013 1. 6L BMW 1 Series). ...
Self-driving taxi trial kicks off in Singapore image
Source : BBC [Read Article] Thursday 25th of August 2016 04:33:42 AM
.... . And just about every car company is working on driverless technology from Silicon Valley's Tesla to Ford, Volvo, BMW and a number of Chinese car makers. ...

Driver ploughs into parked cars, killing two
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Source : Telegraph [Read Article] Saturday 13th of August 2016 01:22:18 PM
.... . Pictures showed the Volkswagen hatchback had been mangled and a blue BMW 330d and a grey Audi A3 had also been struck. ...
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Boy, 11, hit in face by stray shotgun pellet as he plays with family in east London park
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....The suspect is a black man who was wearing a baseball cap with a light-coloured peak, and a dark top with a white or yellow pattern on the sleeve. Officers also want to trace two cars that were near the scene at the time - a white Seat that is missing its driver's side wing mirror, and a black BMW that is missing its front number plate. ...
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Would-be lawyer and brother raised £10,000 for sibling fighting for Isil by selling wedding dress and BMW on eBay
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. Two brothers who raised £10,000 for their sibling while he was fighting for Islamic State in Syria by selling a wedding dress, BMW and gold jewellery on eBay are facing jail. ...

Russell Square attack: American woman stabbed to death in London rampage by 'mentally ill' Norwegian-Somalian knifeman as police find no link to terrorism
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....Among them are members of the Met’s elite counter-terror firearms unit who are trained to deploy around the clock at a moment’s notice to tackle marauding terrorists head on. Equipped with SIG 516 semi-automatic carbines and Glock 9mm sidearms, the counter-terror specialists are capable of racing to the scene of any potential incident on board specially adapted BMW F800 motorcycles. ...

The new heavily armed face of counter terror policing is revealed
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Source : Telegraph [Read Article] Wednesday 3rd of August 2016 07:55:19 AM
....Among them are members of the Met’s elite counter-terror firearms unit who are trained to deploy around the clock at a moment’s notice to tackle marauding terrorists head on. Equipped with SIG 516 semi-automatic carbines and Glock 9mm sidearms, the counter-terror specialists are capable of racing to the scene of any potential incident on board specially adapted BMW F800 motorcycles. ...

Injured pensioner seeking help calls wrong number - and stranger comes to her rescue
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....The pensioner, who had slipped while running a bath, tried to call her daughter on the phone to say she needed help. However, she dialed the wrong number and was instead connected to the main switchboard at a BMW dealership in Wallsend. ...

French police seize man's car, then take it for a spin and rack up string of speeding fines 
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. A jailed French arms dealer whose BMW was confiscated after his arrest has lost his licence because of a series of traffic violations committed by police officers driving the seized vehicle on official duty. ...
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Germany machete attack: Syrian asylum seeker murders 'pregnant' woman in Reutlingen
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.... He even ran after a police car with his machete,” the witness said. “A BMW driver then accelerated and knocked him down. ...
The Crusader: When buying a new car do not become a victim of the hard sell image
.... The outcome also left him with £2,400 less than he expected in the part-exchange deal and without the specific wheels he’d thought would be included. Having already bought three cars from the BMW dealership Cooper Teesside in Cleveland, Kenneth, 84, was certainly looking for more as a loyal customer. ...
BMW and Intel plan robot car production image
Source : BBC [Read Article] Friday 1st of July 2016 01:29:18 PM
. BMW, Intel and computer vision firm Mobileye have signed a deal to develop autonomous vehicles. ...
Aston Martin criticises leave campaign's failure to plan for Brexit image
Source : Guardian [Read Article] Monday 27th of June 2016 11:24:23 AM
....Aston Martin has criticised the leave campaign’s failure to plan for Brexit and called on politicians to clarify Britain’s future relationship with the EU after last week’s referendum. The luxury carmaker had remained neutral before the referendum and did not advise its employees how to vote, unlike BMW, the owner of Rolls-Royce, which told UK workers a vote to leave could affect trade and job numbers. ...
How will Brexit affect Britain's trade with Europe? image
Source : Guardian [Read Article] Sunday 26th of June 2016 04:29:01 PM
.... During negotiations for a new trade deal, there is nothing to stop Brussels seeking to impose a 5% tariff on all UK car exports (more than eight of 10 UK-made cars are sold abroad). The UK can, of course, threaten tit-for-tat tariffs on BMW or Fiat cars, but it means consumers on both sides of the Channel suffer. ...
'Reassurance needed' image
Source : BBC [Read Article] Friday 24th of June 2016 11:57:47 AM
....However, he added that a weaker pound should "partially offset" the increased instability because it makes exports cheaper. Germany's BMW, which owns Mini, said there would be "no immediate change" to its UK operations, but would not comment on any longer-term implications. ...
Business leaders react to EU vote image
Source : Guardian [Read Article] Friday 24th of June 2016 10:51:02 AM
What would British business be like after Brexit? image
Source : Guardian [Read Article] Saturday 18th of June 2016 03:00:14 PM
Saudi Arabia's Uber venture: a case of if you can't beat 'em, join 'em image
....”. BMW has made a similar investment in Scoop, a west coast-based carpooling service, and several others including in a fleet management software company and a car parking space locator. ...
Brexit 'would leave British workers £38 a week worse off' image
Source : Guardian [Read Article] Tuesday 31st of May 2016 11:01:06 PM
.... And inequalities between regions would get even wider. That’s why leading firms such as Airbus UK, BMW Mini and Ford have come out so strongly against Brexit. ...
VW sales rise for first time since emissions scandal image
Source : Guardian [Read Article] Friday 13th of May 2016 08:57:14 AM
.... Demand has increased each month as an upturn in consumer confidence, retail incentives and new product launches lured customers back into the showrooms. German carmakers Daimler and BMW recorded increases of 21. ...
Billionaire Brexit supporter says UK should emulate Singapore image
Source : Guardian [Read Article] Thursday 12th of May 2016 02:23:13 PM
.... “On the day after we vote out, there will be three phone calls to Angela Merkel. The first will be from Mercedes, the second from BMW and the third from Volkswagen. ...
How £14m investigation snared Deutsche Bank insider trading ring image
Source : Guardian [Read Article] Thursday 12th of May 2016 12:35:03 PM
....While the pair did not name this insider, the subject of that conversation was referred to as “Hind’s man”. As the surveillance team observed Parvizi leaving Anderson’s office, he climbed into a silver BMW sports utility that belonged to one Andrew Hind, a Manchester University maths graduate and accountant nicknamed “Nobu”. ...
Is the Tesla 3 the electric car that will change everything? image
Source : Guardian [Read Article] Saturday 7th of May 2016 06:00:06 AM
.... Although we won’t know the insurance group until launch, the existing S models are all in the highest, 50. Insurers don’t like cars that are complex and expensive to repair/replace, and you can expect premiums will be very high as a result – far more than a standard BMW that is easily replaced in the event of a theft or serious crash. ...
Is the Tesla 3 the electric car that will change everything? image
Source : Guardian [Read Article] Saturday 7th of May 2016 06:00:06 AM
.... Although we won’t know the insurance group until launch, the existing S models are all in the highest, 50. Insurers don’t like cars that are complex and expensive to repair/replace, and you can expect premiums will be very high as a result – far more than a standard BMW that is easily replaced in the event of a theft or serious crash. ...
Revealed: nearly all new diesel cars exceed official pollution limits image
Source : Guardian [Read Article] Saturday 23rd of April 2016 06:00:30 AM
....The EA analysis found that just one of the 201 Euro 5 diesels tested – a Skoda Octavia – did not exceed the official limit on the road. Over a quarter of the Euro 5s pumped out at least five times the official limit, including models from BMW, Range Rover, Mercedes, Nissan, Renault and Vauxhall. ...
Diesel crisis deepens as German brands recall 630,000 cars image
Source : Guardian [Read Article] Friday 22nd of April 2016 07:57:02 AM
....Porsche, Volkswagen, Audi, Opel and Mercedes diesel cars will be recalled as part of a clampdown on nitrogen oxide emissions, according to a German government official. BMW, which invested in fuel-saving technologies earlier than most rivals, is not part of the recall, the official said. ...
Is Apple's next product an electric car? image
Source : Guardian [Read Article] Thursday 21st of April 2016 10:05:08 AM
.... Faz says that Austrian manufacturer Magna has been hit up by Apple, and the company does have spare capacity to take on another manufacturing job. It stopped producing Minis for BMW recently, freeing up “several hundred thousand cars per year”. ...
Tata Steel rules out any dowry to attract potential buyer image
Source : Guardian [Read Article] Tuesday 12th of April 2016 05:25:13 PM
....It is far from unusual for a seller to pay funds to buyers of a struggling business. BMW left a £500m dowry to the Phoenix Four when they bought MG Rover in 2000, mostly through an interest free loan, while the new owners of Comet were left with a £50m sum in 2012. ...
Sustainability key to long-term corporate health image
Source : BBC [Read Article] Tuesday 5th of April 2016 11:16:44 PM
....Reducing costs is an obvious start, such as implementing energy efficiencies. Many have gone a step further, with established giants such BMW, Coca-Cola, Goldman Sachs, Google, H&M, Ikea, Nike and Walmart among many others that have committed to 100% renewable energy. ...
Tesla Model 3 pre-orders stack up as Elon Musk unveils lower-priced car image
....Costing $35,000 and up, before government incentives, the Model 3 is less than half the cost of Tesla’s previous Model S and Model X SUV and aimed at the mass market. The car car will go at least 215 miles (346km) on a full charge, which is around 85 miles less than the more expensive Model S, but about double what drivers of competitors cars costing similar, such as the Nissan Leaf and BMW i3. ...
PM: No guarantees on steel crisis image
Source : BBC [Read Article] Wednesday 30th of March 2016 11:49:53 PM
.... This would be in contravention of EU rules restricting so-called state aid. But venture capitalist Jon Moulton, who tried to rescue MG Cars when it was put up for sale by BMW, told Today saving the plants was "probably mission impossible" as a "very, very large amount of money would need to go in to come up with any chance of a way forward". ...
The UK could learn a lot from Germany’s long-term industrial strategy image
Source : Guardian [Read Article] Wednesday 30th of March 2016 05:17:16 PM
....That said, Germany is in a different league to Britain. It has more world-class companies in a broader range of sectors – Siemens, BMW, Bosch, to name a few – supported by a more densely packed network of Mittelstand companies. ...
UK car pollution checks dropped in 2011 image
Source : BBC [Read Article] Friday 25th of March 2016 12:44:45 AM
.... When cars failed, they carried out more tests. Overall, the government says there were just two model failures in a decade, a Mitsubishi Carisma Petrol, (2005-06 test) and a BMW Mini One D (2008-09 test). ...

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