Ford enters agreement with Tata Steel and others for supply of ‘green’ steel October 25, 2022 Ford has signed an agreement with Tata Steel’s Dutch arm and two other manufacturers for the supply of “green” steel from 2030. The car maker has in fact signed memorandums of understanding also with ThyssenKrupp and a German steel maker to provide low-carbon steel – which is made without the use of fossil fuels. Ford [...]
Pendragon expects vehicle shortfall to spill into 2023 as profit slumps October 25, 2022 Pendragon expects current vehicle shortfalls to spill into 2023, as its profit slumped by 41 per cent. In the three months ended 30 September, the UK dealer’s underlying profit before tax was £14.7m – down on last year’s £25.1m – due to the impact of inflation and rising interest rates. Used car volumes were slumping [...]
Freak accident at Canning Town bus station forces TfL to replace glass canopy October 25, 2022 TfL said it was looking to replace the glass canopy at Canning Town’s bus station following a freak incident which left a Londoner injured. The transport giant confirmed that a glass section fell and injured a passenger in July of last year as a defect in the production of the glass involved. “The risk of [...]
Sinking fast: Jeremy Hunt to ditch Boris Johnson’s £250m Brexit Britain ship October 25, 2022 A £250m national flagship proposed by former prime minister Boris Johnson while in office will be cancelled by the new chancellor, Jeremy Hunt, according to various news reports. In an upcoming round of deep spending cuts, most likely to be announced next week, Hunt reportedly plans to drop the Ministry of Defence project. So far, [...]
Platform staff to walk out on 3, 4, 5, 7, 8 November as union joins rail and tube workers October 24, 2022 Rail platform staff working at Network Rail and other five train operators will walk out on 3,4,5,7, 8 November as the union TSSA has announced another week of industrial action. Disruption will affect services on Network Rail, Avanti West Coast, South Western Railway, West Midlands Trains and c2c. Workers – which are striking as part [...]
Stay focused on funding deal, says outgoing TfL commissioner Andy Byford October 24, 2022 The new TfL management team needs to stay focused on the government’s long-term funding deal, according to outgoing commissioner Andy Byford. Byford – who will step down at the end of today after two years at the public body’s helm – will be replaced by chief operating officer Andy Lord from tomorrow on an interim [...]
Aviation back in ‘full force’ as passenger confidence surges to 83 per cent October 24, 2022 Confidence in aviation has come back in full force, as the majority of global travellers feel safe flying again. Figures from Inmarsat’s latest passenger experience survey, which was published today, show that 83 per cent of world passengers are optimistic about air travel. This is 73 per cent up on last year’s levels. Brazilians and [...]
Addison Lee boss: Taxi firms making a fortune during strikes is an ‘urban myth’ October 24, 2022 Private taxi and hire companies making a fortune during strike days is an “urban myth”, according to Addison Lee’s chief executive Liam Griffin. “We don’t surge in the way Uber does,” Griffin told City A.M. “We continue to charge the same rates we would on any given day.” The comments come as thousands of rail [...]
Airbus in £10bn talks to lock in Saudi Arabia for mega order of 40 A350 planes October 24, 2022 Saudi Arabia is reportedly in talks with EU plane manufacturer Airbus for the purchase of around 40 A350. Industry sources told Reuters the order would stand at $12bn (£10.6bn) and could be announced as early as this week. The Saudi government is in fact hosting the Future Investment Initiative, an international investment forum run by [...]
Hop on: Rail overtakes flights on busy London-Edinburgh route October 24, 2022 Rail has overtaken aviation as the preferred mode of transport to Scotland as one million people have chosen to travel from London to Edinburgh via electric train operator, Lumo. According to data released today, between April and August 57 per cent of the London-Edinburgh journeys were done by train – 22 per cent up on [...]