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COP26: Deal to end car emissions by 2040 idles as motor giants refuse to sign

By Veronica Tan 5 days ago

A global deal to eliminate new car emissions by 2040 is struggling to attract support from the world’s largest carmakers and governments including the US and China, days before it is due to be revealed at the COP26 climate summit.

Volkswagen has said it would not sign the deal while Toyota is still debating but is highly unlikely to agree, citing the reluctance of key governments to join the agreement, according to people close to the negotiations. The two companies are the world’s largest carmakers.

BMW confirmed it would also not sign the deal, saying: “There remains considerable uncertainty about

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Seven providers sign up for dashboard test

By Veronica Tan 4 months ago

Aviva and Phoenix have joined five other providers to take part in the first test of the pensions dashboard.

The software providers, third party administrators and pension providers taking part include Aquila Heywood, Aviva, Capita, Legal and General, Mercer and Phoenix Group, with a combined membership of more than 30m savers.

In this initial stage of testing, the Pensions Dashboards Programme (PDP) will develop its technology as well as making sure that the processes in place make onboarding as easy as possible.

The outcomes will then be shared across the industry to help all providers connect to dashboards in the

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Apple hires BMW veteran in latest sign of electric car push

By Veronica Tan 5 months ago

This photo, taken in March 2019, shows Apple’s headquarters in Cupertino, California.

felixmizioznikov | iStock Editorial | Getty Images

Apple has hired Ulrich Kranz, a former senior executive at BMW who focused on electric cars, Apple confirmed to CNBC’s Phil LeBeau on Thursday.

The hire is the latest sign that Apple is serious about building an electric car to compete with automakers such as Tesla.

Hyundai said earlier this year it was in talks with Apple to manufacture its car before walking its comments back and confirming it was no longer in discussions.

Apple has never confirmed it is building

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