We struggle to think of anything analogous in the history of the automotive industry, in which a brand has lost so much value so quickly,” wrote JP Morgan analysts this week. They were describing the reputation crisis facing Tesla, one of the world’s leading electric vehicle manufacturers. The problem for Tesla is straightforward: their CEO, Elon Musk, has embraced hard-right politics. He has supported the neo-Nazi-friendly AfD party in Germany and even made a gesture that looked an awful lot like a Nazi salute at Donald Trump’s inauguration. (Nazis were certainly thrilled by it.) Musk has a leading role in a presidential administration that is waging war on the civil service and gutting climate and environmental policies.
Finance
Bloomberg: Uber Created a $6.1 Billion Dutch Weapon to Avoid Paying Taxes
Great job EU! After years of discussion, Uber simply side-steps EU laws. How was this possible? Read here
Austerity
Chris Dillow: TORIES’ AUSTERITY DOUBLETHINK
The Tories have a problem. The political winds dictate that they retreat from fiscal austerity. But how can they do so without admitting that austerity was an error in the first place? On the Today […]
Economics
Unite: Arriva accused of offshoring North West bus profits to German government-owned holding company
In the last 10 years a total of £560 million has been paid in dividends from Arriva’s UK bus division to the parent company Deutsche Bahn. During that time bus workers in Arriva North West […]
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