Trump's comments come after Musk, the world's richest man, renewed his criticism of a sweeping tax-cut and spending bill, vowing to unseat lawmakers who backed it after campaigning on limiting government spending.

Elon Musk’s feud with President Donald Trump has reignited, with the tech billionaire threatening to launch a new political party and Trump suggesting Musk could be punished for his opposition

President Trump said Elon Musk would have to 'head back to South Africa' without government subsides in response to Musk's criticism of his budget bill.

The French carmaker said it would take the charge after changing the way it accounts for its shares in the Japanese carmaker.

Renault is taking a €9.5bn loss on its stake in Nissan following a change in the way the French carmaker accounts for the holding in its struggling Japanese partner. Renault has been restructuring its 26-year alliance with Nissan and is gradually reducing its holding in the Japanese group,