Renault boss sees potential £8.6bn valuation for EV unit float next year September 5, 2023 The initial public offering (IPO) of Renault's Ampere electric vehicle division could get a valuation of up to €10bn (£8.55bn), CEO Luca de Meo said.
Jet2 appoints successor for chair Philip Meeson September 5, 2023 Jet2 announced a replacement for long-time chief and founder Philip Meeson, the entrepreneur who transformed the company into the UK’s leading package holiday airline. Senior independent non-executive director Robin Terrell is stepping in, following an announcement in July that 75-year-old Meeson was to depart after nearly 40 years at the helm. Terrell, who was appointed [...]
Toyota reveals hydrogen-powered Hilux as UK built project September 5, 2023 Toyota has revealed a UK-built hydrogen-powered version of its popular Hilux pick-up as the firm looks to ‘explore all available technologies’ to drive down its carbon footprint. While European versions of the Hilux are usually made in Durban, South Africa, Toyota’s Burnaston factory in Derbyshire has been tasked with developing a hydrogen fuel cell-powered version [...]
Qantas: Aussie airline boss quits after ticket-selling scandal September 5, 2023 The boss of Australian airline Qantas has said he will leave his job immediately — two months earlier than planned — following a series of embarrassing revelations about the company, including allegations it sold tickets for flights that had already been cancelled. Chief executive Alan Joyce said that after 15 years running the national carrier [...]
Huge jump in London construction firms closing as project delays and inflation bite September 4, 2023 The number of London construction firms going bust has risen by almost a quarter since the pandemic, new data reveals.
BMW boss warns EU combustion engine ban will fuel China price war September 4, 2023 The chief executive of BMW has warned EU plans to ban combustion engine vehicles are forcing European carmakers into a price war with Chinese competitors.
Airports fear UK’s race to fly on biofuels is in danger of stalling September 4, 2023 “Urgent action” is needed to prevent the UK falling behind its European and American counterparts in the development of critical green technologies
Ryanair hits another passenger record but air traffic control chaos ‘has still not been explained’ September 4, 2023 Ryanair flew a record number of passengers for the fourth month in a row in August but admitted it had cancelled 350 flights due to the recent air traffic control scandal. The low-cost carrier said it had carried 18.9m passengers, up 11 per cent year-on-year and representing an increase from a July record of 18.7m. [...]
McLaren chief: Making electric supercars ‘doesn’t make sense today’ September 3, 2023 Manufacturing electric supercars “doesn’t make sense today” the chief executive of McLaren Automotive has argued, as the clock ticks down to 2030.
Why Mercedes boss thinks there’s “no logic” behind post-Brexit car tariffs September 3, 2023 The boss of Mercedez-Benz has said the electric vehicle and battery industry is not mature enough