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The Financial Times
Takata has warned it will post an annual net loss of ¥13bn ($121m) as a result of the global recall of its airbags.
The safety issue has raised doubts the Japanese airbag maker can shoulder the cost especially after US regulators last week doubled its recalls to up to 40m inflators installed in vehicles.
The British public has delivered its verdict on the emissions-cheating scandal engulfing Volkswagen with a shrug of the shoulders and is buying the German cars in record numbers. With car sales in the UK at all-time highs, VW took second place last month in the league table of bestselling cars, overtaking Vauxhall. Nine months into the scandal, in which VW admitted to scamming American regulators with devices to make it appear that vehicles were emitting less pollution than they were, the brand snatched nearly 9 per cent of the UK market in April.
It promises all the green benefits of driving an electric car without the worry of the battery running flat and leaving you stranded. Drivers of hydrogen fuel cell cars will be able to fill up at a network of stations that generate their fuel on site from renewable energy. A station in Teddington, southwest London, opens today with the capacity to produce hydrogen during periods when wind turbines are producing more power than the grid needs. It uses electrolysis to generate hydrogen from tap water. The electro-lyser takes power from the grid and can be switched on and off remotely.
The number of workers on a temporary contract has risen at the strongest rate in over a year as employers shun permanent contracts while they count the cost of the national living wage and the coming EU referendum.
Billings for temporary and contract staff at employment agencies were at a 13 month high in April, according to the latest figures from the Recruitment and Employment Confederation, as nervousness prevented employers from investing in permanent staff. Crowdsourced data from jobs site CV-Library has shown that the average UK salary for permanent staff decreased 3.4 per cent to £32,899 in April, compared to £34,055 in March. The retail sector has been hit hardest, with an 8.9 per cent drop in salary month-on-month, pushing the average salary in retail down to £28,762.
When it comes to electric vehicles, Japan is speeding ahead of the rest of the world, blissfully free of the range anxiety that afflicts plug-in drivers elsewhere. The country now has more electric car charging stops than petrol stations, according to a recent survey by Nissan. The Japanese automaker, whose fully battery-powered Leaf can travel up to 172km (107 miles) on a single charge, said there were more than 40,000 places nationwide where electric car owners could recharge their vehicles, compared with fewer than 35,000 petrol stations.
The Daily Telegraph
Jaguar Land Rover is targeting a five-fold increase in the number of ex-service men and women on its books within the next four years. The UK’s largest vehicle manufacturer plans to employ 1,000 former Armed Forces personnel by 2020 as part of its ambition to become “the employer of choice for those leaving the forces”. The company has also introduced a new programme to train and recruit up to 180 veterans in North America. The move is Jaguar Land Rover’s first military programme outside of the UK and coincides with the start of Prince Harry’s Invictus Games in Florida, of which it is a Presenting Partner