The Trader 

Death of diesel

The Trader

Today UK Environment Secretary Michael Gove will announce that sales of diesel powered vehicles will be banned from 2040.  This follows a similar announcement by President Macron of France, he too aiming at the same year.  Oil producer Norway is more ambitious targeting a phase out by 2025.  An emergency meeting of VW’s supervisory board has been called today to discuss how to tackle accusations that 5 German car makers have been operating a price rigging cartel for years.  Yesterday US auto-maker GM announced that Q2 2017 profits had slumped to $1.7 billion from $2.9 billion this time last year.


To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now