China’s EV makers are our biggest rival, says Ford boss May 26, 2023 Ford’s CEO Jim Farley has warned that Chinese manufacturers are the companies’ biggest rival in the EV space, not competitors like Toyota or General Motors (GM). ”I think we see the Chinese as the main competitor, not GM or Toyota,” Farley told the Morgan Stanley Sustainable Finance Summit, in comments first reported by Reuters this [...]
Ealing and Woolwich among Elizabeth line winners as house prices surge May 26, 2023 Boroughs located along the Elizabeth Line have seen a surge in house prices as the new line cuts City commuter times from areas like Ealing and Woolwich. As London battles a lack of supply, the quick transport links introduced by Crossrail have seen the price of homes in Ealing Broadway rise nine per cent in [...]
Rail cancellations swell as figures reveal 2022-23 worst year on record May 25, 2023 Train passengers in Britain have faced record levels of disruption over the last twelve months, with new figures revealing 2022-23 was the worst year ever for rail cancellations. Passengers have faced record levels of disruption after the past year was the worst on record for train cancellations, figures from the Office for Road and Rail [...]
Analysis: Do Ford and Volkswagen stand a chance in battle for China’s electric market? May 25, 2023 Some of the world’s biggest carmakers have announced big plans to bolster their electric vehicle (EV) segments in China this year. Japanese carmaker Toyota announced major plans earlier this month to accelerate its EV push in China, on the back of a profit boost caused by an ease in the global chip shortage. Volkswagen, which has [...]
Motoring? Car industry defies Brexit warnings with EU export surge May 25, 2023 UK car production saw its third successive month of growth in April, as easing supply chain shortages and strong exports drove growth. Car production ramped up 9.9 per cent to 66,527, 5,973 more than in April last year at the heights of the global semiconductor shortage. The SMMT said that the rise in production was [...]
UK set to win battle with Spain for multi-billion pound Jaguar Land Rover EV battery plant May 24, 2023 The UK is set to win a battle with Spain for the production of a multi-billion pound Jaguar Land Rover (JLR) electric vehicle battery plant, which could create up to 9,000 jobs. The reports, revealed by the BBC today, say that although a deal has yet to be signed, sources have said that the engagement [...]
Excel boss says Elizabeth Line has been ‘transformational’ for City’s events industry May 24, 2023 The chief executive of London’s largest events venue, the Excel, has hailed the Elizabeth Line today as “transformational for the city’s events industry” as the high-speed route marks its first anniversary. Jeremy Rees, the boss of the Royal Docks site, said the rail route has led to a boom in visitor numbers, with the Excel [...]
BT gets thumbs up from Ofcom to roll out new wholesale broadband pricing May 24, 2023 BT has been given the all-clear to roll out its discounted wholesale full-fibre offer to broadband providers after the telecoms watchdog found the proposals were not anti-competitive. BT’s network arm Openreach, which runs the UK’s only national broadband network, put forward plans for a pricing deal that would give lower prices to wholesale customers, such [...]
Virgin Orbit: Branson’s botched rocket project sells off assets and ends operations May 24, 2023 Virgin Orbit, Richard Branson’s failed rocket project, announced it are selling remaining assets and will cease operations, just months after an embarrassing mission failure. In a statement, the “responsive space launch provider” said our “legacy in the space industry will forever be remembered. Its ground-breaking technologies, relentless pursuit of excellence, and unwavering commitment to advancing the frontiers [...]
Hybrid working: Khan must do more to get workers back to the city centre, says new report May 24, 2023 London’s mayor Sadiq Khan must do more to encourage workers back into the office in order to avoid a productivity slump and “unintended economic impact,” says a new report today. The report – authored by the Centre for Cities think tank – urged the government and mayor of London to reduce cost-barriers for commuters using [...]