Jubilee Line chaos: Commuters evacuated from North Greenwich station July 31, 2019 Commuters blasted Tube bosses this morning after they were emergency evacuated from a busy station due to severe Jubilee Line delays. An alarm warned people to evacuate North Greenwich station amid overcrowding and severe delays earlier today. Read more: Severe delays hit Jubilee Line after fire alert A faulty train at Canary Wharf started the [...]
Ex-Audi chief Rupert Stadler faces criminal charges for his role in dieselgate scandal July 31, 2019 Former Audi boss Rupert Stadler has been charged for his part in Volkswagen’s emissions cheating scandal, known as dieselgate. Read more: Former VW boss Martin Winterkorn faces criminal charges for emissions scandal The Munich public prosecutor’s office said this morning that it has charged Stadler and three others with false certification and criminal advertising practices. [...]
In a spin: Aston Martin suffers £78m first half loss as shares hit record low July 31, 2019 Aston Martin shares plumbed new depths this morning as the firm reported a first half loss of £78.8m, blaming a slowing global market and tumbling UK and European sales. Read more: Ex-Audi chief Rupert Stadler faces criminal charges for his role in dieselgate scandal The troubled car maker is still reeling from a profit warning [...]
Car industry investment grinds to a halt as Brexit uncertainty cripples sector July 31, 2019 Investment into Britain’s car manufacturing industry has come to a near-standstill, as companies divert hundreds-of-millions of pounds towards mitigating a potential no-deal Brexit which they fear will plunge the sector into chaos. Inward investment into the sector plummeted more than 70 per cent to just £90m in the first six months of the year, according [...]
Lufthansa earnings drop amid EU price war July 30, 2019 Lufthansa has seen its second quarter earnings plummet amid a price war with rivals based in Germany and Austria and “persistent overcapacities” in the airline market. The figures Adjusted earnings before tax dropped 25 per cent from €1bn (£91.6m) to €754m, The airline said this was because fuel costs were €255m higher than they were [...]
Paul Maynard appointed new rail minister July 29, 2019 Paul Maynard, the MP for Blackpool North and Cleveleys, has been appointed as the new rail minister in Boris Johnson’s government. Maynard, a former government whip and junior transport minister, also served as a junior minister in the justice department from May to June this year. Read more: Boris Johnson rules out pre-Brexit general election [...]
Ryanair boss Michael O’Leary blasts Boeing over 737 Max delays July 29, 2019 Ryanair could have no Boeing 737 Max jets available next year unless the aircraft manufacturer “gets its sh*t together,” said the airline’s boss, Michael O’Leary, this morning. The number of Max jets available to the Irish airline next summer could drop to zero, he said, unless the plane maker upgrades the jet so that authorities [...]
Sharing is caring: How Via Van is making a capital connection July 29, 2019 “When we told people we were going to launch a shared ride-service in New York they told us we were crazy,” says Chris Snyder, the chief executive of new kid on the block, Via Van. Six years later, and Via Van is the provider of 1.5m rides across key US cities and 60m rides globally. [...]
Ryanair profits nosedive 21 per cent in first quarter July 29, 2019 Ryanair’s profits tumbled 21 per cent in its latest quarter as the airline was battered by higher fuel and staff costs coupled with lower fares, it revealed today. Read more: Ryanair warns of summer 2020 problems due to Boeing 737 Max ban The figures Profit before tax fell 24 per cent year on year to [...]
Boris Johnson to pledge funding for high-speed rail route between Leeds and Manchester July 27, 2019 Boris Johnson is expected to pledge to fund a new high-speed rail link between Leeds and Manchester during a speech in the latter, later today. He will give his backing to the trans-Pennine transport link to “turbo-charge the economy”. Read more: UK car industry tells Boris Johnson no-deal Brexit not an option It is the [...]