Dieselgate leaves UK's car industry in crisis

Sales have slumped in the scandal's wake and left manufacturers gasping for a breath of fresh airPlummeting sales of diesel cars have driven Britain's auto industry to the brink of a crisis, with the axe falling on thousands of manufacturing jobs, and dealerships threatened with savage restructuring.Vauxhall, which was bought by Peugeot's parent company PSA last year, last week revealed plans to slash UK dealerships from 326 to about 200 as part of the French owner's drive to return the loss-making Vauxhall and Opel marques to profitability. Also this week, it emerged that Nissan is preparing to cut hundreds of jobs at its Sunderland plant, the largest car factory in the UK, amid falling diesel demand. Continue reading...