Boom in demand boosts Mercedes allowing to offset costs April 27, 2022 A boom in demand has boosted Mercedes-Benz’s financial performance allowing it to offset rising material and transport costs, the car giant announced today. “In terms of the desire of wealthy people to spend the money for exceptional products, I would say there is no barrier, there is no limit,” said chief financial officer Harald Wilhelm. In [...]
Government requires UK ports to check seafarers’ salary after P&O scandal April 27, 2022 UK ports will be required to check whether seafarers are paid minimum wage, the government announced today. Transport secretary Grant Shapps told the Commons’ Transport Select Committee the new legislation will not required ports to “physically enforce” new minimum wage requirements when they are introduced. “What we will require them to do is ask for [...]
McLaren choses former Ferrari executive Michael Leiters to head automotive business April 27, 2022 McLaren Automotive has appointed former Ferrari chief technology officer Michael Leiters as chief executive, the UK car maker announced today. “I could not be more excited to be joining McLaren Automotive as CEO at this important moment in its journey,” said Leiters today. “I look forward to growing that reputation for our loyal customers, employees, fans [...]
Go-Ahead on the path to recovery as it reinstalls trust with DfT April 27, 2022 Go-Ahead has emerged from the challenging conditions of the pandemic with a strong recovery in passenger numbers and healthy profits.
P&O restarts Channel sailings as calls for boss resignation pile up April 27, 2022 P&O restarted today its Channel routes amid safety concerns and government calls for boss Peter Hebblethwaite to resign. The Spirit of Britain vessel departed late last night carrying freight customers, as passenger services are expected to resume early next week. Initially detained by the coastguard on 13 April, the Spirit of Britain was cleared for [...]
Tesla shares plunge following Musk’s Twitter takeover, with $97bn wiped off valuation April 26, 2022 Tesla’s shares plunged 11 per cent today less than a day after chief executive Elon Musk snatched Twitter for $44bn. Twitter’s takeover wiped off $97bn off of Tesla’s valuation after Musk secured a $12.5bn loan against his share in the automotive giant, the Financial Times reported. The extravagant entrepreneur said he will fund the acquisition [...]
EV makers treble battery range delivering 15 times more choice to customers April 26, 2022 Electric vehicle (EV) makers have trebled the battery range in the last 10 years, giving customers 15 times more range of choice. According to a research published today by the Society of Motor Manufacturers and Traders (SMMT), the number of plug-in models has gone up from nine to 140 since 2011. EVs now account for [...]
BMW halts train deliveries to China due to Ukraine war April 26, 2022 BMW has halted its train shipments from Germany to China via the Trans-Siberian railway as a result of the Ukraine war. Alongside Audi, the world’s largest manufacturer said it was now delivering the goods via sea. “BMW has stopped all train transport through Russia immediately after the beginning of the war,” said a BMW spokesperson. “Exports [...]
P&O launches investigation after vessel loses power at sea April 26, 2022 Disgraced ferry operator P&O has launched an investigation after a recently cleared vessel lost power off the coast of Northern Ireland. The European Causeway vessel was unable to manoeuvre as required and was “unable to keep out of the way of another vessel.” “Following a temporary mechanical issue, the European Causeway is now continuing on [...]
CAA urges travellers to use £85m of unspent vouchers before they expire April 26, 2022 The Civil Avation Authority (CAA) has urged travellers to use £85m of unspent vouchers before they expire at the end of September. Given by travel firms as refund during the pandemic, the vouchers were issued between March 2020 and December 2021 and are under the Atol scheme, which protects customers if their travel company goes [...]
