Jaguar Land Rover to retrain 29,000 workers for EV transition September 28, 2022 Jaguar Land Rover (JLR) will retrain 60 per cent of its workforce for electric vehicle production as the luxury car maker presses the accelerator on its EV transition. Technicians as well as automotive engineers and production employees will be retrained to develop and maintain electric cars. JLR announced on Wednesday that, while Future Skills is [...]
Weekend exclusive: Rail sees popularity boost as City travellers avoid ‘travel dead time’ September 27, 2022 Rail is experiencing a boost in popularity among City and business travellers seeking to avoid so-called ‘travel dead time’. Trainline told City A.M. in an exclusive interview this evening that more than eight in ten of business travellers in the UK indicated that maintaining productivity is a major consideration. A further 44 per cent said [...]
Walsh: Anything shy of 2050 net-zero goal will be a failure September 27, 2022 Aviation boss Willie Walsh is calling on governments and industry regulators to commit to a net-zero goal by 2050. “I think anything shy of that will be viewed as a failure,” he told journalists on Tuesday afternoon as he talked about the ongoing International Civil Aviation Organization (ICAO) assembly in Vancouver. The UN body’s assembly [...]
GWR engineers join rail workers and strike on 1 October September 27, 2022 Around 350 engineers will join colleagues working at Great Western Railways (GWR) as well as across the network and strike on 1 October over salaries. The union Unite said that, despite a current inflation rate of 9.9 per cent, GWR engineers were not offered a pay increase. Disruption will affect the operator’s depots and stations [...]
Virgin Atlantic boss calls on Govt to make ‘difficult decisions’ and bring pound up September 27, 2022 Virgin Atlantic’s boss Shai Weiss has called on Prime Minister Liz Truss to make “difficult decisions” and bring the pound’s value up. “The message to the government is pretty clear in my mind,” he told journalists on Tuesday morning. “Prime Minister Liz Truss has taken difficult decisions upon entering the role. “Maybe you need to [...]
Virgin Atlantic to join global airline alliance SkyTeam from 2023 September 27, 2022 Virgin Atlantic has announced it will join global airline alliance SkyTeam from early 2023, becoming the first carrier to enter the organisation in eight years. It will also be the first and only UK airline to become a SkyTeam member. Chief executive Shai Weiss told journalists on Tuesday morning the move was “an obvious extension” [...]
Brazil threatens UK with WTO action over new deforestation legislation September 27, 2022 The Brazilian government has threatened to challenge proposed UK deforestation legislation at the World Trade Organisation, documents shared with City A.M. this morning reveal. The proposed legislation seeks to prevent ‘large companies’ in the UK from using products grown on illegally deforested land. When asked to disclose submissions by the Brazilian government to its consultations [...]
EV switch under threat from uneven roll out and rising energy prices September 27, 2022 Over the last few years, an increasing number of Brits have joined the green car revolution and switched to electric vehicles (EVs). There are currently over 900,000 electric cars in the UK – up from less than 4,000 a decade ago, according to data from the RAC. While this only represents 4.5 per cent of [...]
Automotive industry underpaid taxes more than any sector after 143 per cent surge September 26, 2022 The automotive sector has seen the highest increase in underpaid taxes, following a 143 per cent year surge. According to financial investigation firm PfP, the amount the HMRC thinks the industry has avoided paying has gone up from £182.3m to more than £444.2m. This will lead to increased industry scrutiny over the next year. But [...]
Young buyers drive private jet boom as owners under 45 surge September 26, 2022 Young buyers are among the main drivers behind the private aviation boom as jet owners under 45 have increased by 20 per cent in the last five years. Data from private jet brokers Jetcraft showed that in Europe 24 per cent of pre-owned jet buyers are younger than 45, with numbers increasing to 38 per [...]