Business

Tesla’s Musk face criminal investigation by US Justice department  

By The Frontier Post | September 19, 2018

WASHINGTON (Agencies): Tesla Inc and its Chief Executive Elon Musk are under criminal investigation by the US Department of Justice over public statements about taking the electric carmaker private, it was reported on Tuesday. Tesla did not immediately respond to a request for comment, while DoJ declined to comment. Federal prosecutors opened a fraud investigation, […]

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Most of Ferrari cars will be hybrid by 2022: CEO Louis

By The Frontier Post | September 19, 2018

MARANELLO (AFP): Most of the cars made by Ferrari will be hybrid petrol-electric by 2022, the Italian sports car manufacturer said on Tuesday, including its first SUV. “By 2022, nearly 60 per cent of the models we produce will be built around hybrid powertrains,” new CEO Louis Camilleri said at the company’s Maranello headquarters. The […]

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Honda: No-deal Brexit ‘would cost tens of millions’

By The Frontier Post | September 19, 2018

LONDON (BBC News): The senior vice president of Honda Europe has warned that a no-deal Brexit would cost his company tens of millions of pounds. Ian Howells told the BBC that quitting the bloc without an agreement would affect the carmaker’s competitiveness in Europe. He said the Japanese firm was preparing for a no-deal outcome […]

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