By: Guy Taylor

Transport Reporter Guy Taylor is the Transport and Infrastructure Correspondent at City A.M. He has interviewed key figures in UK aviation and rail and has a particular interest in investigative reporting. He was highly commended in MHP's 30 to watch award for young journalists in 2025.

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Toyota doubles profits as EV push ramps up

August 1, 2023

Toyota Motor Corp nearly doubled its profits in its first quarter results, on the back of strong sales and an improved supply of semi-conductors. The Japanese automaker saw operating profits for the period between April and June rise 94 per cent to 1.2trn yen (£6.12bn), up from 578.66bn yen (£3.15bn) year-on-year. Sales revenues jumped 24.2 [...]
London commuters are our ‘most important’ e-bike users, says Lime boss

July 31, 2023

London’s commuters are our “most important” riders, the CEO of the e-bike operator Lime has said. Speaking to City A.M. Wayne Ting, Lime’s chief said that “commuting is the most important use case” for the popular vehicles as demand soars in the capital. Lime has seen a 10 per cent monthly increase in riders in [...]
Electric vehicle charging roll-out slowed by local authority delays, research shows

July 31, 2023

The roll-out of electric vehicle charge points has been slowed by delays at the local authority level and is currently set to fall well short of government targets, new research has found. FOI data obtained by the law firm RPC shows 8,000 chargers were installed by local authorities in the UK over the last year, [...]
Heathrow boss: Aviation sector can’t bank on soaring demand continuing into winter

July 31, 2023

The aviation sector should not bank on soaring demand continuing, the boss of Heathrow airport has warned, amid concerns that airlines could struggle after summer without corporate travels’ sustained recovery. “We all want to make the most of the demand while it’s here but we can’t bank on it continuing,” long-time chief John Holland-Kaye told [...]
BAT boss shuns shareholder calls to relist in New York

July 31, 2023

The boss of British American Tobacco (BAT) has rejected calls from a top shareholder to relist in New York, stating that moving across the pond was “not a top priority” and a “very simplistic view.” Speaking to the Times, Tadeu Marroco, who was appointed chief executive of the firm following the sudden departure of former [...]
Rishi Sunak: 2030 petrol and diesel car sale ban is here to stay

July 31, 2023

The 2030 ban on the sale of petrol and diesel vehicles will remain as a government policy, Prime Minister Rishi Sunak has said. Speaking on BBC Radio Scotland’s morning show, Rishi Sunak insisted a ban on “sale of new cars,” has been the policy “for a long time,” and “remains the government’s policy.” “I’m committed [...]
FTSE 100 close: London markets finish higher but investors cautious before BoE rate hike

July 31, 2023

London’s FTSE 100 closed slightly higher this afternoon, after a tempered start to a week in which the Bank of England is expected to hike interest rates to their highest level since 2008. The capital’s premier index kicked off down 0.26 per cent, before bouncing back by close to 0.17 per cent on stronger than [...]
Bentley warns of ‘challenging conditions’ ahead as marque levels out following 2022 bonanza

July 28, 2023

Bentley posted operating profits of €390m (£335.16m) today, down slightly on the same period in 2022, as the marque levelled out following last year’s earnings bonanza. The luxury carmaker also saw revenues decrease slightly, posting €1.68bn (£1.44bn) against a 2022 figure of €1.71bn (£1.46bn) amid a downturn in global sales of four per cent year-on-year. [...]
Volkswagen ‘stepping up the pace’ of China transformation as profits dip

July 27, 2023

Volkswagen saw revenue growth of 18 per cent to €156.3bn (£134.3bn) in its half-year results, as chip shortage supply chain issues eased and the group ramped up its EV production. However, this was not enough to offset a year-on-year dip in operating profits, which came in at €11.3bn (£9.69bn) down from €13.2bn (£11.32bn). The German [...]
Mobico shares tumble despite revenue jump as inflation and wage costs bite

July 27, 2023

Mobico Group, formerly known as National Express, saw its revenue rise 18.5 per cent to £1.57bn in the first half of the year, as it benefited from rising passenger demand across the majority of its international networks. However, this was not enough to offset rising wage costs associated with inflation and the removal of a [...]

Retailers hit by subdued October as Budget threat looms

Atletico Madrid valued at £2.2bn after Apollo Global Management acquisition

Lamborghini Temerario review: A drive on the wild side

By: Guy Taylor

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