The Ford Motor Company has been dealt a blow by credit rating agency Moody’s Investors Service, which has cut the carmaker’s credit rating to junk on doubts that a turnaround plan by chief executive Jim Hackett will generate earnings and cash quickly enough.
It’s one of the biggest bets going in the world of cars: Since May, General Motors (GM) and its Cruise self-driving car unit have landed €4.35bn in investment commitments from Japan’s SoftBank and Honda Motor to develop a robot taxi service that could safely navigate the city streets of San Francisco by the end of next year - putting it ahead Alphabet’s Waymo self-driving car unit, Uber and Lyft.
I know your man Baz Ashmawy has that whole 50 Ways to Kill Your Mammy thing all sewn up with his poor – but game, it has to be said – mother Nancy being asked to undertake all sorts of hazardous adventures for the benefit of television viewers and having the gizzard frightened out of her on the altar of entertainment.
Archived notes of presentations made to senior executives in the ’70s and early ’80s establish beyond reasonable doubt that Exxon were ahead of the posse, when it came to having an undertanding of climate change,
As a motoring hack — or, indeed, a critic of any kind — it is always a tad worrying when you are complimented for being too kind to any given subject. In my case, it gets very worrying indeed when car company executives pally-up to tell you that you’ve really been too kind to their brand in recent times.