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Thursday newspaper round-up: Stellantis, The Observer, car production

(Sharecast News) - The owner of Vauxhall told investors that it was "confident" it would meet the UK's rules on electric vehicle sales just two months before it blamed them for the decision to close a factory in Luton, the Guardian can reveal. Stellantis cited the UK's zero-emission vehicle (ZEV) mandate when it announced the closure of its van factory in Bedfordshire on Tuesday, putting 1,100 workers at risk of redundancy or relocation to its factory making smaller vans in Ellesmere Port. - Guardian Not a single Whitehall department has registered the use of artificial intelligence systems since the government said it would become mandatory, prompting warnings that the public sector is "flying blind" about the deployment of algorithmic technology affecting millions of lives. AI is already being used by government to inform decisions on everything from benefit payments to immigration enforcement, and records show public bodies have awarded dozens of contracts for AI and algorithmic services. A contract for facial recognition software, worth up to £20m, was put up for grabs last week by a police procurement body set up by the Home Office, reigniting concerns about "mass biometric surveillance". - Guardian

The proposed sale of The Observer to a loss-making start-up must be paused to protect Britain's "fragile" liberal journalism, former Guardian editor Alan Rusbridger has said. Mr Rusbridger, who was editor-in-chief of The Guardian from 1995 to 2015, is one of six former editors to warn that the deal would result in The Observer being "cast off to an uncertain future". - Telegraph

Car production in the UK has fallen for an eighth consecutive month, intensifying pressure on the industry as it struggles with the transition to an electric future. Manufacturing output declined 15.3 per cent in October to 77,484 units, figures from the Society of Motor Manufacturers and Traders (SMMT) show, leaving output down by a tenth so far this year. - The Times

Britain's biggest wealth manager St James's Place is in effect abandoning commercial property as an asset class after deciding to wind down three funds with £1.84 billion invested in office blocks, shopping centres and other real estate. The company, which manages investments for one million people in the UK, said the decision was taken after what it called "a challenging period for the sector as a whole". - The Times

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(Sharecast News) - Rachel Reeves has claimed that rules and red tape are acting as a "boot on the neck" of businesses and risk "choking off" innovation across the UK without bold reforms. In a speech to City bosses attending the Mansion House dinner at London's Guildhall on Tuesday evening, the chancellor heaped further pressure on regulators to allow for more risk in order to boost economic growth. - Guardian
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(Sharecast News) - Rachel Reeves will claim that cutting red tape for City firms will have trickle-down benefits for households across Britain, as she tries to drum up support for a new financial services strategy. A raft of regulatory reforms are due to be announced by the chancellor on Tuesday, in what the Treasury says will be the "biggest financial regulation reforms in a decade". It will come before her Mansion House address to City bosses during a dinner at Guildhall in London on Tuesday evening. - Guardian
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(Sharecast News) - The boss of the pub chain Greene King has called for changes to business rates to remedy "unfairness" that he said added to financial pressures on the struggling pubs industry. Nick Mackenzie, Greene King's chief executive, said the business rates system of property taxes should be changed to a tax on profits. - Guardian

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