Tesco and Volkswagen team up to install electric car charging points at 600 supermarkets November 30, 2018 Tesco and Volkswagen are planning to install free electric car charging ports at 600 stores, the companies announced today. Over the next three years Britain’s largest supermarket will roll out more than 2,400 electric vehicle charging points at Tesco Extra and Superstore car parks, representing a 14 per cent increase in public charge bays across the [...]
‘A kick in the teeth for commuters’: The industry reacts to the rail fares hike November 30, 2018 Rail fares are set to increase by an average of 3.1 per cent in the new year, affecting millions of people and increasing many passengers' season tickets by around £100. The rise in the cost of travelling by train comes despite calls for a price freeze following a year of disruption that saw Network Rail fined [...]
Canada water-bomber firefighting contract fails to ignite Babcock shares November 30, 2018 A new £100m contract for Babcock wasn't enough to stop its shares drifting downwards this morning, as market uncertainty and investor scepticism outweighed the new deal. Shares fell one per cent after news that the engineering firm will operate a fleet of seven “water-bomber” amphibious firefighting aircraft in Canada for the next decade, in a contract win [...]
Rail fares will rise by 3.1 per cent in January despite timetable chaos hurting commuters November 30, 2018 Rail fares will rise by an average of 3.1 per cent in the new year, according to the Rail Delivery Group, hitting millions of commuters’ wallets. The increase means many passengers will pay around £100 more for their season tickets, despite a year in which travellers have suffered strikes, delays and timetable chaos on many [...]
Thameslink summer delays not enough to derail Go-Ahead Group finances as revenues outpace passenger growth November 29, 2018 Public transport operator Go-Ahead Group shares closed 7 per cent up today as it reported revenue growth in the last quarter. In its first quarter trading update, the company said that despite a summer of delays and cancellations of London services revenue continued to grow faster than passenger numbers. For the quarter from July 1 [...]
Ford’s Europe president says a no-deal Brexit would be an ‘absolute disaster’ for the car industry November 29, 2018 Ford's Europe, Middle East and Africa president has said a no-deal Brexit would be an "absolute disaster" for the auto industry. Speaking at a conference in London, Steven Armstrong said Ford was already "spending money on no-deal plans that we may never need" to avoid a cliff edge in which the UK leaves the EU without a [...]
Renault, Nissan and Mitsubishi meet to discuss future of alliance amid Ghosn scandal November 29, 2018 Car manufacturers Renault, Nissan and Mitsubishi have restated their commitment to each other following the arrest of chairman Carlos Ghosn. Executives from the three companies, which operate as an alliance, were seen arriving for a meeting in Amsterdam early this morning, according to Reuters. It is the first time representatives for the alliance have met [...]
Volkswagen is planning a new US plant for electric cars as it takes the fight to Tesla November 29, 2018 German car manufacturer Volkswagen is marking out spots for a future electric vehicle factory in North America, as major car firms gear up to face rival firm Tesla's impact on the market. The newly-appointed chief executive of Volkswagen's US arm said the firm is planning a new plant to build a car that has yet to [...]
Network Rail faces regulator fine after performance slumps to lowest level in four years November 29, 2018 The rail regulator has said Network Rail must improve its performance or face a fine. The Office of Rail and Road (ORR) said punctuality and reliability fell to their lowest levels since 2014 between April and mid October this year. The ORR said Network Rail's performance has been affected by factors such as extreme weather and [...]
Jaguar Land Rover to axe 200 jobs from west Midlands plant amid stalling UK production November 29, 2018 Jaguar Land Rover (JLR) is to cut more jobs at its Solihull plant as a result of moving the production of its Discovery model out of the UK. The company, which already announced that 1,000 agency workers would be laid off in April, said today around 200 more people working at its Lode Land site [...]