Toyota plans to build record 800,000 cars in January December 15, 2021 Toyota Motor has already set a new year resolution – starting with building 800,000 vehicles globally in the first month of 2022 – a record for the month. The company wants to increase its output of vehicles by 60,000 compared to January 2021 in a bid to compensate for some of the slowdown in production [...]
Plan B “little impact” on used car price growth, data reveals December 15, 2021 The UK Government’s plan B has had little impact on either consumer demand and user car price growth. According to data from Auto Trader, between 6 and 12 December prices for used cars went up 28 per cent on a year-on-year and like for like basis – a 26.9 per cent increase compared with the [...]
British Airways owner IAG moves to terminate takeover agreement with Air Europa December 15, 2021 IAG, the aviation giant that owns British Airways, Iberia and Aer Lingus, has moved to back-track on its takeover of Spanish airline Air Europa, bringing down shares by 4.59 per cent to 126.48p. The BA owner this morning said “discussions are at an advanced stage to terminate the agreement signed on 4 November 2019” whereby [...]
Christmas Eve will be December’s busiest day of traffic, data shows December 15, 2021 Data from the AA has predicted that 23 and 24 December will be the busiest days of traffic, with 54 per cent of drivers planning to travel. Motorists are also expected to travel further, with an average of 39 miles. Despite Covid regulations allowing families and friends to be reunited, one in five drivers admit [...]
Toyota invests $35bn in EV development to rival market players December 14, 2021 Toyota has announced it will invest $35bn in the development of electric vehicles (EVs), with the aim to rival some of the market’s biggest EV player such as Tesla. The sum will be divided between vehicle development – as the automotive giant aims to sell 3.5 million battery EVs per year by 2030 – and [...]
Red list to be scrapped from tomorrow, government confirms December 14, 2021 The UK Government has confirmed that the travel red list – which includes countries such as South Africa and Botswana – will be scrapped from tomorrow 4am, less than two weeks after it was introduced following concerns over the new Omicron variant. Testing measures will remain in place. Health secretary Sajid Javid confirmed the decision, [...]
BA restarts Gatwick operations, selling tickets for short-haul subsidiary December 14, 2021 British Airways (BA) announced today it will restart flying from Gatwick from March 2022, selling tickets for 35 destinations that will be part of its short-haul subsidiary British Airways*’s operations. Created to compete with the likes of Easyjet and Ryanair, the subsidiary company will begin to operate as a standalone business from August, with BA [...]
Exclusive: En+ chairman, former minister and MP Lord Barker on running a global energy giant December 14, 2021 The global and metals sectors look back on a number of volatile years. The global downturn, increased regulation and changing investor demands are rapidly transforming the industry. One company at the heart of this ecosystem is LSE-listed En+ Group, the largest producer of low-carbon aluminium globally and the world’s largest hydropower player, with nearly 90,000 [...]
National Express and Stagecoach announce merger, creating £1.9bn company December 14, 2021 Coach giant National Express and rival Stagecoach have announced they will merge by late 2022, reaching an agreement after months of talks. Following the announcement, shares for both Stagecoach and National Express surged, going up 12 and 2.98 per cent respectively. The new company – which will have a fleet of around 40,000 vehicles and [...]
Petrol price wars ease as forecourt retailers see profits rocket December 14, 2021 Supermarkets such as Asda have eased competition in their fight to attract customers to their fuel and diesel pumps, as prices and profits rocket. Data from the RAC showed that last week’s price of petrol was 146.9p while the price of diesel continued to hike, reaching a record 150.80p. According to a Times analysis, the [...]