Rolling live coverage of business, economics and financial markets as Cobham and Ultra agree deal and Meggitt pushes ahead with Parker Hannifin buyout
- Weak Chinese data set negative tone across Europe’s main stock markets
- FTSE 100 down 1.2%, but Ultra and Future ease decline on FTSE 250
- Bankers and advisors on Meggitt and Parker Hannifin to share £200m
- Tesla to be investigated in US over self-driving crashes – reports
US manufacturing activity fell back steeply in August after hitting record heights in July, according to a closely followed survey.
A further modest decline now seems likely, but the global manufacturing recovering is moderating rather than ending. Inflation pressures remain intense.
It’s a brief filing that reveals the US investigation into Tesla’s Autopilot – but it will not make for pleasant reading for the company.
The US National Highway Traffic Safety Administration’s Office for Defect Investigation has opened a “preliminary evaluation” into “Subject vehicle crashes with in-road or roadside first responders”.
Most incidents took place after dark and the crash scenes encountered included scene control measures such as first responder vehicle lights, flares, an illuminated arrow board, and road cones. The involved subject vehicles were all confirmed to have been engaged in either Autopilot or Traffic Aware Cruise Control during the approach to the crashes.
