Now German government officials are meeting with PSA and GM over Opel February 17, 2017 German government representatives have met with bosses at General Motors and Peugeot and called talks between the two carmakers over a potential takeover "advanced". The French company PSA has proposed a takeover of General Motors' European Opel operations, including Vauxhall. "I can confirm that there have been talks with GM and Peugeot", the spokeswoman for the German economy [...]
A Seoul court has officially declared former shipping giant Hanjin bankrupt February 17, 2017 Embattled South Korean shipping giant Hanjin has finally been declared bankrupt. A South Korean court made the decision today that Hanjin Shipping, formerly the world's seventh-largest container shipper, was officially bankrupt after ruling earlier in the month the firm's liquidation value would be worth more than its value as a going concern. Hanjin had debts of [...]
Business secretary Greg Clark says Peugeot-maker PSA wants to build on Vauxhall’s success February 17, 2017 Business secretary Greg Clark has called his talks with the French government and PSA "constructive", saying the French firm wants to build on the success of Britain's Vauxhall business. In a short statement, Clark said the PSA "stressed that they valued highly the enduring strength of the Vauxhall brand, underpinned by its committed workforce". Clark jetted to Paris [...]
Uber goes on a charm offensive by offering drivers free English courses and tips on how to make more money February 16, 2017 Uber is making efforts to improve its app for UK drivers, as part of a new charm offensive, including offering free English courses. Transport for London (TfL) delayed its new English tests until September, but Uber has said it will offer free courses for its drivers ahead of then. The ride-hailing app will also now allow [...]
Addison Lee’s tech push pays off as car firm says revenues are on track to rise 40 per cent February 16, 2017 Addison Lee expects revenues to rise 40 per cent this year, following the firm’s £100m investment in technology, including developing an app. The tech push has been part of the private car hire firm's efforts to bolster its position against the rise of the likes of Uber. Addison Lee said its executive car bookings are [...]
Business secretary Greg Clark heads for Paris talks with French government and PSA over possible GM deal February 16, 2017 Business secretary Greg Clark has travelled to Paris for talks with the French government and PSA over the french company's prospective takeover General Motors’ European Opel operations, including Vauxhall. Clark is to meet with French industry minister Christophe Sirigue and PSA just hours after Unite’s Len McCluskey said he was seeking “urgent talks” with PSA. The union leader [...]
The strike saga continues: Members of train drivers’ union Aslef have rejected the Southern rail deal February 16, 2017 Members of train drivers' union Aslef have rejected the deal their union and Southern Rail had agreed. Earlier this month, a TUC-brokered deal was agreed in the long-running dispute between Southern rail and Aslef over the role of the guard, in the wake of fresh talks. It was expected to bring the row over the so-called [...]
Norwegian airline revenue jumps 16 per cent but shares fall on expansion costs as carrier ramps up transatlantic operations February 16, 2017 Despite reporting a record annual result with net profit of £109m, Norwegian shares had fallen nearly five per cent at the time of writing as its costs are rising faster than expected. The airline is ramping up its transatlantic operations and plans to announce new routes from Ireland and Scotland in the coming weeks. The figures Net [...]
Look out below! Northern Line extension gets underway with a huge crane putting tunnelling giants in place February 16, 2017 The time is here: these giant boring machines have been lowered 20m underground in Battersea ready to get the £1.2bn Northern Line extension underway. To lift these hefty machines – they're 650 tonnes each – Transport for London (TfL) has wheeled in a huge 750-tonne crane. The two machines, named Helen and Amy by local [...]
Both GM’s Opel and PSA lost European market share last month as the firms mull a deal February 16, 2017 A bumper European car market has underlined the reasons behind a prospective deal between General Motors (GM) and PSA over GM's European business. Both companies posted weaker European sales in January than any other carmaker according to the Association of European Carmakers (ACEA). They also lost market share to Fiat Chrysler Automobiles in Europe – [...]