Derby day chaos: All you need to know about this week’s triple-hit train strikes May 30, 2023 Brits are bracing for fresh industrial action on the railways this week, with the RMT and ASLEF unions having announced planned walkouts on Wednesday, Friday and Saturday – which is the day of three major sporting events. It is the latest action in an ongoing pay dispute between the unions and government, which began in [...]
Toyota chair under pressure as proxy adviser urges shareholders to vote against board reappointment May 29, 2023 Toyota came under pressure over the weekend as proxy advisers urged shareholders to back calls to improve the automaker’s disclosure of climate-related lobbying, and vote against the reappointment of its chair as a director. On Friday, US-based proxy adviser Glass Lewis recommended that Akio Toyoda, who stood down as president and CEO in January and [...]
Boeing eyes up new Saudi deal to offload 150 737 Max jets May 29, 2023 Boeing is eyeing up a major deal to sell 150 of its 737 Max jetliners to the Saudi Arabian airline Riyadh Air, according to reports published on Sunday. According to Bloomberg, the newly-launched startup Riyadh Air is looking to obtain 300 to 400 single-aisle jets from Boeing, but sources say the talks remain complicated and [...]
Half-term havoc as British Airways cancel 175 flights following IT glitch May 26, 2023 Half-term holiday plans for thousands of families have been thrown into disarray after British Airways’ flight cancellations due to an IT failure reached 175. Most of the affected flights were on short-haul routes to and from Heathrow Airport. British Airways said the “technical issue” was resolved on Thursday night, but disruption continued into Friday because of aircraft [...]
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 [...]