City commuters face paying an extra £71 in parking charges at key Essex stations January 11, 2019 City workers will face increased charges for leaving their cars at stations in Essex, in a second blow to commuters after fares were put up earlier this year. Operator c2c said it was increasing charges by 40p for daily tickets, with annual passes rising by up to £71. Read more: Rail fares rise by 3.1 per [...]
Former Nissan chairman Ghosn hit with two fresh financial misconduct charges January 11, 2019 Tokyo prosecutors have slapped down two fresh charges of financial conduct on Carlos Ghosn in the latest blow for the embattled former Nissan chairman. Ghosn has been charged with aggravated breach of trust for transferring personal losses to the car manufacturer and for understating his pay between 2015 and 2017, Reuters reported, citing Ghosn’s lawyer [...]
Air pollution on the Tube is 30 times worse than on London’s roads January 10, 2019 Travelling on the London Underground exposes you 30 times more air pollution than standing by a busy road, according to a new study. The report by the Committee on the Medical Effects of Air Pollutants (Comeap), published yesterday, claimed that air at Hampstead station, the deepest Tube station in London, had a particulate matter concentration [...]
Renault board to meet as chairman Ghosn faces fresh financial misconduct charges January 10, 2019 Renault will hold a board meeting in Paris today as the scandal surrounding its chairman Carlos Ghosn continues. The extraordinary board meeting will take place this afternoon, City A.M. understands, though it is not yet clear what will be discussed. The meeting comes a day before Japanese prosecutors are expected to indict the car executive [...]
Elon Musk says the next Tesla Roadster will be a flying car January 10, 2019 Billionaire entrepreneur Elon Musk is about to combine the efforts from his two biggest companies to tackle one of technology's greatest challenges: building a flying car. The Tesla chief executive said on Twitter late last night that the firm's next Roadster vehicle will be able to hold itself in mid-air, as well as travel both vertically and [...]
Govia Thameslink Railway received 1m of the 3m May timetable chaos compensation claims January 10, 2019 Embattled train operator Govia Thameslink Railway (GTR) received 1m out of 3m compensation claims lodged by passengers at the height of the May timetable chaos. Official statistics by the rail regulator the Office of Rail and Road (ORR) show there were 3m delay compensation claims between April and mid-October 2018 that were closed by train operators, of [...]
Volkswagen sales increase to 6.24m cars despite economic uncertainty and new emissions tests January 10, 2019 Car maker Volkswagen (VW) sold 6.24m passenger cars in 2018, in what was a record-breaking year for the brand, despite slow growth caused by uncertainty in China and a clampdown on emissions standards. Sales were up 0.2 per cent on last year, but down 9 per cent overall. VW said it saw an uptake of [...]
Ofo pulls bikes from London streets as international division closes down January 10, 2019 Cycle-sharing platform Ofo has reportedly taken its bikes off the streets of London as the Chinese firm closed its international arm this week. Staff working for the company, which brought hundreds of its bikes to London in 2017, still have their jobs for now after the closure, a source told the Financial Times. Read more: Alibaba-backed [...]
Luxury car maker Rolls-Royce achieves highest sales growth in 115-year history in 2018 January 10, 2019 Luxury car maker Rolls-Royce enjoyed a record-breaking year last year, as annual sales reached 4,107 cars – the highest in the marque's 115-year history. The main driver of growth was the company's Phantom model, which chief executive Torsten Muller-Otvos called "flight on land, a magic carpet ride in its purest form". Donald Trump-driven tax reforms in [...]
Police appeal for clues in search for Heathrow drone suspect January 9, 2019 Police are appealing for information as they hunt for a drone which grounded flights at Heathrow yesterday. Officers were sent to the scene as a suspected drone was spotted flying over the country’s busiest airport at around 5pm yesterday afternoon. Read more: Heathrow Airport suspends departures after possible drone sighting Flights were grounded as police investigated [...]