Boom in UK retail drives Cazoo’s revenue up 103 per cent to £347m October 27, 2022 A boom in the UK retail market has driven Cazoo’s quarterly revenue to £347m, 103 per cent up on last year’s levels. In the three months ended 30 September, UK retail unit sales went up 100 per cent to 18,889 vehicles sold despite inflationary pressures biting into consumers’ spending. “This very strong performance shows that [...]
MPs call on Jeremy Hunt to introduce duty-free shopping at UK terminals October 27, 2022 MPs have called on the Chancellor to introduce duty-free shopping for arriving passengers at UK terminals. The All-Party Parliamentary Group for the Future of Aviation wrote yesterday to Jeremy Hunt asking him to introduce VAT-free shopping at British airports, international rail and ferry terminals “to help our sector flourish and recover” from the impact of [...]
New Piccadilly line and DLR trains are next big thing for TfL October 27, 2022 TfL’s interim commissioner Andy Lord has announced that new trains on the Piccadilly line and DLR are the network’s next big project. The commissioner stepped in on Tuesday following Andy Byford’s departure after two years at the public body’s helm. Lord told the Evening Standard TfL needs to move forward with the tube network’s modernisation, [...]
Car industry calls on UK to deliver regulation on self-driving cars by 2025 October 26, 2022 Automotive industry leaders have called for the UK Government to deliver its regulatory framework on self-driving cars by 2025. David Wong, senior technology and innovation manager at the Society of Motor Manufacturers and Traders (SMMT), said today it would be extremely disappointing not having primary legislation this parliamentary session. “It’s very important that the government [...]
DX shareholder moves to oust chair over botched inquiry October 26, 2022 A major shareholder in London-listed logistics company DX Group called for its chair to be ousted today as it accused him of having “severely harmed investor perceptions” in the firm.
Not enough: Gov ramps up EV charger rollout amid calls for more action October 26, 2022 The UK Government has continued to ramp up the rollout of public electric vehicle (EV) chargers over recent months. According to data published today by the DfT, as of 1 October 34,637 public EV chargers were installed in the UK – 34 per cent up on last year’s levels. This is also 8 per cent [...]
Mercedes to exit Russian market after manufacturing suspension October 26, 2022 Mercedes is set to exit the Russian market once and for all after it suspended manufacturing in March as a result of Moscow’s invasion of Ukraine. The car maker said today that, even though it will sell its shares to Russian car dealership Avtodom, the transaction will not impact the group’s financial position or its [...]
Boeing shrinks loss in plane business but takes £2.4bn hit from defence unit October 26, 2022 Despite shrinking its losses in the commercial plane business by around 7 per cent to $643m (£556.8m), Boeing was hit by a $2.8bn (£2.4bn) loss from its defence unit. The commercial plane business’ revenue went up to $6.3bn driven by the resumption of 787 and 737 deliveries, as Boeing shipped 112 planes in the three [...]
Ford to discontinue Fiesta production as focus shifts to electric cars October 26, 2022 Ford will discontinue the production of its iconic Fiesta model by the end of June 2023 as the car maker focuses on its electrification strategy. The marque announced today that, alongside the Fiesta, it will also stop manufacturing the S-MAX and Galaxy models. “At Ford in Europe, we are accelerating our efforts to go all-in [...]
TfL unveils state-of-the-art pantograph electric bus chargers in renewed green push October 26, 2022 Transport for London’s push to go green took another step this week, with the unveiling of state-of-the-art technology to charge zero-emission buses. New pantograph charging points were unveiled at Bexleyheath bus garage, allowing some of its 850-strong fleet of green buses to be charged overnight. With a view to having a fully zero-emission bus fleet [...]