Uber and Rolls-Royce face competition from startup planning to bring air taxis to UK by 2022 September 10, 2018 A UK startup has launched a challenge against titans Uber and Rolls-Royce as it unveiled plans for a flying taxi which could take to the skies as early as 2022. The company, called Vertical Aerospace, announced it had built and flown its fully electric vertical take-off and landing (eVTOL) aircraft in June, which could be used as an alternative [...]
Investment fund Third Point plans to oust Campbell board September 7, 2018 US investment fund Third Point has revealed plans to oust the entire board at food brand Campbell. Billionaire hedge fund boss Daniel Loeb, who is pursuing a sale of the brand, wrote to the board today to inform them that the fund, which owns a 5.65 per cent stake in Campbell's Soup, would nominate 12 people for [...]
London Assembly votes against mayor’s plan to remove congestion charge exemption for private hires September 6, 2018 The London Assembly has voted down Sadiq Khan's plans to remove the congestion charge exemption from private hire vehicles (PHVs) operating in the capital such as Uber. Sixteen assembly members voted for the motion against the mayor's proposals, while three voted against it and two members abstained. Taxis and PHVs are exempt from paying the congestion charge when [...]
Ride-hailing firm Taxify enters the electric scooter market September 6, 2018 Embattled ride-hailing firm Taxify has launched its first foray into battery-powered scooters with a debut in Paris, proving the tide might be turning after it was forced out of the UK just three days into operations last year. The firm, which operates in 25 countries across Europe, Africa and Australia, will compete against startups Bird and [...]
Uber chief denies plans to sell off its driverless tech unit as it opens up shop in Japan September 6, 2018 NULL
Toyota recalls more than 1m cars over fire risk September 5, 2018 Japanese carmaker Toyota said today it was recalling more than 1m cars globally because of an electrical fault that could lead to fires. In the UK 32,393 cars are affected, consisting of Prius, Prius Plug-in and C-HR Hybrid models manufactured between October 2015 and May 2018. Read more: Toyota invests $500m in Uber to propel [...]
Volvo dreams up its first driverless electric car September 5, 2018 Volvo has unveiled its first electric self-driving car concept, as it races to meet its own targets of making a third of its car sales autonomous by 2025. Aside from driving around town, Volvo hopes that the 360c could replace short-haul air travel, particularly for routes where the distance travelled is around 300km (186 miles) such as [...]
12 Hay Hill in Mayfair shows shared workspaces are going upmarket to capture the professional crowd September 3, 2018 Coworking spaces seem to be taking over the city. Right now, the largest private-sector occupier of office space in central London isn’t a tech firm or major bank. It’s WeWork, a leading provider of shared workspaces. And coworking is big business: WeWork was valued at £27bn in June, making it the world’s second most valuable [...]
Apple reaches a new self-driving car milestone in its first road accident September 2, 2018 A test vehicle from Apple's self-driving car programme was involved in a road accident near its Silicon Valley headquarters last month, making Apple the latest tech giant to join a recent spate of autonomous driving incidents. One of Apple's Lexus RX 450h self-driving vehicles was preparing to join a motorway in Sunnyvale on 24 August when it [...]
UK car production slides in July August 30, 2018 The number of cars made in the UK tumbled 11 per cent last month, as incoming emissions standards and seasonal adjustments hit production. A total of 121,051 cars were produced in July, falling from 135,954 cars in the same month last year, according to the Society of Motor Manufacturers and Traders (SMMT). Year-on-year domestic demand [...]