Elon Musk either ‘deceptive or delusional’, says valuation expert July 2, 2018 Billionaire Elon Musk has been branded ‘deceptive or delusional’ by a respected valuation expert for insisting his electric car company Tesla can hit production targets and turn a profit. The tycoon said 5,000 Model 3 Tesla saloons a week would be produced by the end of June, and that the company would become cash flow [...]
Westminster City Council sets out next steps for Oxford Street pedestrianisation alternative to tackle Elizabeth Line crowding July 2, 2018 After the controversial decision to put the brakes on Oxford Street pedestrianisation plans indefinitely, Westminster City Council will meet to discuss its alternative plans for the London shopping hotspot next week. The council's cabinet will meet on Monday 9 July to consider a report setting out the next steps for transforming the Oxford Street district. [...]
Govia Thameslink faces loss of franchise if service does not improve July 1, 2018 "Tough action" promised by the government against rail operator Govia Thameslink could extend as far as removing franchises unless it improves its dire recent performance for commuters in the South East. Transport secretary Chris Grayling could strip franchises within weeks, after the introduction of a new timetable on 20 May caused widespread disruption, the BBC [...]
Crossrail ditches the purple for these yellow Elizabeth Line trains June 29, 2018 You may have seen the rather striking new addition to the Tube map as previewed by Transport for London (TfL) in December to show the addition of the purple Elizabeth Line ahead of its December launch. And that royal purple colour has already been featured across the brand new Elizabeth Line trains revealed back in [...]
Carlos Ghosn says Nissan is ‘in the dark’ over Brexit June 27, 2018 Nissan is "in the dark" about the UK's impending departure from the EU, the chairman and CEO of the Renault-Nissan alliance has said. Carlos Ghosn told the BBC it was "difficult to take a position not knowing what Brexit will look like". He said Nissan made about 500,000 cars last year, and that 80 per [...]
Why did TfL strip Uber of its licence and what did it do to get it back? June 26, 2018 After months of deliberation, Uber was today granted a 15-month licence after persuading Westminster Magistrates' Court that it had changed its ways and was now a "fit and proper" operator in the capital. City A.M. looks back at why TfL took the dramatic decision last year and what Uber did to try and win it [...]
Tube strike on the Piccadilly Line announced for July coinciding with Trump’s London visit June 26, 2018 A London Underground strike on the Piccadilly Line has been announced for Wednesday 11 July to Saturday 14 July due to a row over working conditions. The Rail, Maritime and Transport (RMT) union said the dispute was over a failure by the Underground to employ enough drivers and ongoing problems with the ageing Piccadilly Line [...]
Bumper Bank station upgrade is running over budget with final costs rising to £655m June 26, 2018 Costs are rising on the bumper Bank station upgrade to boost capacity at the busy City hub, according to new Transport for London (TfL) papers. In its latest investment programme report, the capital's transport body said the final cost of the Bank station capacity and systems integration upgrade was now expected to come in over [...]
East Coast train line back under government control but hit by rocky start with cancellations and delays June 25, 2018 Rail services on the East Coast Main Line were back under government control yesterday but were hit by delays and cancellations on a difficult first day. The Department for Transport (Dft) took back control of the route connecting King's Cross to stations in the north and Scotland after stripping Virgin and Stagecoach of its loss-making [...]
Take a look at the new London Overground trains with Wi-Fi and USB charging points finally being introduced from November June 25, 2018 The new London Overground walk-through trains have been unveiled by Transport for London (TfL) and feature Wi-Fi and USB charging points, as well as air conditioning. They will finally be rolled out this year – after setbacks on the electrification work across the Gospel Oak to Barking route they will be introduced on. The first of [...]