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Tag Archives: Car industry

GKN and Dana agree auto-engineering merger for $6.1bn

UK engineering giant GKN has agreed to merge part of its business with US company Dana, as it seeks to fend off a takeover bid from Melrose Industries. The merger will combine GKN’s Driveline division with US auto-engineer Dana in a deal worth $6.1bn (£4.4bn). It comes as Melrose has …

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Have you ever dreamed of flying in your car?

As Dutch company Pal-V unveils its latest flying car gyrocopter at the Geneva motor show, we ask if the dream of flying cars for all could ever become a reality. “007 was here” says the graffiti emblazoned on the wall of Pal-V’s stand at the Geneva motor show. Beneath it …

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Cars buck falling CO2 emissions trend

Britain’s carbon emissions have sunk to the level last seen in 1890 – the year before penalties were first awarded in football. In 2017, CO₂ emissions from fossil fuels fell by 2.6%. This was mainly driven by a 19% decline in coal use. It follows a 5.8% fall in 2016, …

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Trump trade war: China vows retaliation if tariffs bite

China has warned that it does not want a trade war with the US, but will not sit idly by if its economy is hurt. Zhang Yesui, spokesperson for China’s National People’s Congress, made the comments amid controversy over Donald Trump’s announcement of tariffs on steel and aluminium imports. The …

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