Used car prices rocket as UK inflation soars November 17, 2021 Used car prices have skyrocketed around the same time the UK’s inflation rates have reached record highs. Data from Auto Trader’s marketplace have revealed that last week the average prices for a used vehicle went up 26.9 per cent year-on-year, reaching almost £20,000. Fuelled by massive levels of consumer demand and supply chain issues, last [...]
Go green or go home: employees’ demand for sustainable business travel hikes November 17, 2021 The majority of UK workers want to cut air travel and expect their employers to provide sustainable business travel solutions. Data from Trainline Partner Solutions has revealed that 53 per cent of UK employees believe that, before the pandemic, businesses were irresponsible with their levels of business travel, with 31 per cent admitting they had [...]
BMW to stop customisation following EV transition costs November 16, 2021 BMW is said to stop car customisation following the transition to electric vehicles (EV) that is forcing the automotive giant to cut costs where possible. Once priding itself for the wide range of choices given to customers, BMW has now said it will not be able to provide such a large number of options when [...]
Billionaire Richard Branson sells off another $300m stake in Virgin Galactic November 16, 2021 British billionaire Richard Branson has sold off a further $300m worth of stock in his space venture Virgin Galactic, taking the total offloaded this year to some $600m. The unlocked capital is reportedly set to be pumped into Branson’s travel and leisure businesses, after emergency pandemic restrictions bruised profits. Shares sank more than four per [...]
Cazoo acquires Spanish car marketplace in €30m deal November 16, 2021 London-based online car retailer Cazoo has acquired Spanish car subscription marketplace Swipcar in a €30m deal, following the decision to expand more into the European market. “Swipcar has built a market-leading car subscription marketplace in Spain adding hundreds of new customers every month,” Alex Chesterman, Cazoo’s founder and chief executive said. “This deal will enable [...]
Volatile supply will remain for the rest of the year, warns Hamburg port November 16, 2021 Germany’s largest port, Hamburg, has warned that – despite a 2.9 per cent hike in sea cargo registered in the first nine months of 2021 – global supply chain issues are here to stay, at least until the end of the year. Compared to the same time last year, the port – which is Europe’s [...]
Private jet demand soars as aviation industry deals with plane shortage November 16, 2021 A record boom in the use of private jets has left a shortage of aircrafts as more people return to flying, according to reports. Aviation data provider WingX saw a record number of flights in each of the last six months with over 4.2m flights by private jets taking place this year so far, [...]
Crossrail to open by June 2022, says TfL boss November 16, 2021 Transport for London’s commissioner Andy Byford has announced the Crossrail will be open to the public by June 2022. Speaking at a Greater London Authority’s (GLA) transport committee meeting, Byford said: “I think we’re in a really good place to get this railway open. “We still maintain that opening window between February and June. It [...]
Christmas chaos as Heathrow inaccessible via Tube or rail November 16, 2021 Passengers will have to take the car if they want to go to Heathrow on Christmas and Boxing Day. Network Rail and Transport for London (TfL) will be in fact carrying out works on the railway network and Tube services to the airport, MyLondon reported. Network Rail will be carrying out signalling and HS2 work [...]
“It’s a big Lego!” Inside Airbus’s manufacturing of the A350 November 16, 2021 Plane maker Airbus is predicting that airlines will need 39,000 new planes built by 2040, as more travel for holidays and work and the need for replacing old and less-fuel efficient models increases. The manufacturer has forecast that small aircraft such as the A320 will be the main drivers behind the demand, while around 4,000 [...]