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Brexit: UK will ‘not pay €100bn divorce bill’ says DavisBack

 BBC.co.uk

 

Brexit: UK will ‘not pay €100bn divorce bill’ says Davis 

The UK will not pay a €100bn (£84.6bn) “divorce bill” to leave the EU, Brexit Secretary David Davis has insisted.

He told ITV’s Good Morning Britain the UK would pay what was legally due, “not just what the EU wants”. It comes amid claims by the Financial Times that the financial settlement sought by the EU has risen from €60bn.

Mr Davis said the UK treated its EU “rights and obligations” seriously but it had “not seen any number”, adding the EU was playing “rough and tough”.

 

Uber and Waymo face off in court over self-driving row 

Two giants in self-driving car technology will face each other in court on Wednesday. Ride-sharing firm Uber is accused of stealing trade secrets from Waymo – the company spun out from Google’s self-driving division. Waymo has a requested an injunction that would stop Uber from using the disputed tech, which could severely hamper Uber’s development of self-driving cars. Uber has denied the allegations.

 

 

The Financial Times

 

Demand for bigger vehicles spell bigger profits for carmakers 

Revenues and profits at carmakers have been boosted by a shift towards larger vehicles as low fuel prices and a flurry of new products convince motorists to ditch traditional saloon cars for sport utility vehicles. A barrage of results from some of the world’s biggest auto groups has confirmed that the trend towards SUVs is showing no signs of stopping. All-but one of the European or US carmakers that reported first-quarter trading figures last week noted a rise in “mix”, an industry term used to describe the type of vehicles being sold. Higher mix equates to larger vehicles, particularly SUVs.

 

 

The Times

 

Electric car website lets you plug in on someone else’s drive 

Electric car owners will be able to power up their vehicles on driveways across Britain after the launch of an Airbnb-style rental system for charge points. For the first time, a peer-to-peer booking service has been established that allows homeowners to profit from renting their chargers to other motorists. The move follows concerns that drivers are being put off from buying a green car because of the lack of decent public charge points, particularly on long journeys. There are more than 11,000 public charge points in Britain for the 86,000 vehicles bought since 2011, but the system has been criticised as complex and expensive, with a shortage of rapid chargers that can power up cars in minutes.

 

Smoke signals from diesel may warn of trouble ahead 

Motor manufacturers could be exposed to losses of billions of euros from risky loans made by their lending businesses to help customers to buy diesel cars, analysts have warned. German groups such as BMW, Daimler and Volkswagen face losses of up to €3.5 billion each from their financial services divisions, according to a report by Sanford Bernstein, an American investment bank. Its analysts said that Daimler, the owner of Mercedes-Benz, could face the biggest hit from the pollution-related clampdown on diesel cars, at €3.5 billion, followed by BMW, with €3.1 billion, while VW is estimated to be in line for a €2.2 billion writedown.

 

 

The Daily Telegraph

 

Diesel drivers will be paid to scrap their cars to improve air quality

Diesel drivers will receive compensation to encourage them to scrap or “retrofit” highly polluting vehicles under Conservative plans to reduce emissions to be unveiled later this week. The Government will on Friday publish its new air quality strategy which will include plans for a “targeted” diesel scrappage scheme, The Telegraph has learned. Ministers will also consult on plans to give people help with “retrofitting” older, more polluting diesel vehicles to reduce the levels of harmful nitrogen dioxide that they emit.

 

Cyclists should be given priority over drivers on the roads, MPs say 

Cyclists should be given priority over other road-users in an updated version of the Highway Code to give them more protection, MPs have suggested amid concerns that the justice system is soft on drivers who break the law.

A new report by the all-party parliamentary cycling group (APPCG) found that more than 8,500 drivers have been allowed to stay behind the wheel despite having more than 12 points on their licence, potentially putting bike riders at risk.

 

General Motors says it will become the first automaker to generate profit from electric cars 

US auto giant General Motors is poised to become the first manufacturer to make a profit from electric vehicles, a GM executive predicted on Monday. The company leads the pack in reducing the cost of electric vehicles and ultimately offering an affordable version, said Mark Reuss, GM’s executive vice president for product development.

Engineers have been working to reduce mass and improve battery efficiency since it does not take as much power to move a lighter-weight vehicle, he said.

 

Posted by Paul Carpenter on 03/05/2017