Posted in Buisiness

Brexit: How will the new tariff system work?

A no-deal Brexit has always meant that the UK would have greater flexibility to set its own trade tariffs. The government has now set out its plans on how it would take advantage of that opportunity. It has said it will cut tariffs to zero on 87% of the goods…

Posted in Automotive News Buisiness

Ford to cut 12,000 jobs in Europe

Car giant Ford has said it is planning to cut about 12,000 jobs across its European operations by the end of 2020. The carmaker is trying to cut costs and restructure its European business, which is losing money. It plans to have closed five of its plants by the end…

Posted in Buisiness

Business Live: Oil prices rebounds

Fiat: Splashing the cash Fiat-Chrysler has pledged to spend more than €5bn on new models and engines in Italy between 2019-2021 in a bid to fill under-utilised plants, conserve jobs and boost operating margins in Europe. A total of 13 new models or restylings of existing models will be launched…