Stars in their eyes: PSA and Fiat shareholders approve mega-merger January 4, 2021 Shareholders in Peugeot-owner PSA and Fiat Chrysler (FCA) have today approved the mega-merger of the two firms, a deal which will create the world’s fourth-largest auto firm. The new entity, called Stellantis, will comprise 14 different brands, including FCA’s Fiat, Maserati and US-focused Jeep, Dodge and Ram to PSA’s Peugeot, Citroen, Opel and DS. Stellantis [...]
Campaign groups hit out at ‘callous’ Gatwick second runway plan January 4, 2021 Local campaign groups have hit out at Gatwick Airport’s decision to turn its emergency runway into a routinely operating second runway, calling the move “callous”. Yesterday it emerged that the Sussex airport’s investors – French giant Vinci and infrastructure fund GIP – had committed to funding the expansion, which would add 90 flights a day. [...]
With Brexit completed, coronavirus is next challenge for Dover-Calais ports January 1, 2021 Now that Britain has completed its exit from the European Union, the main challenge for business in the French port of Calais is the coronavirus pandemic, the port’s chief executive said today. Jean-Marc Puissesseau was speaking to Reuters as the first ferry transporting vehicles arrived from Dover to Calais, France’s busiest road freight port, after [...]
In Calais, first trucks cross new customs border with UK January 1, 2021 Moments after Britain completed its divorce with the European Union, the first trucks hauling goods across the new customs border presented their clearance documents to French agents before loading onto a train to pass through the Eurotunnel. A barcode on Romanian driver Toma Moise’s paperwork was scanned and approved in seconds. “The future, I don’t [...]
Eurotunnel operator ‘confident’ there will not be border chaos tomorrow December 31, 2020 The Eurotunnel’s operator has said there will not be chaos at the border after the UK leaves the EU’s single market and customs union tonight. Channel Tunnel operator Getlink has said it is “confident” there will not be a repeat of scenes last week when 800-long lorry queues were seen at the Kent border. John [...]
FirstGroup offload three US properties in £100m deal December 31, 2020 Transport outfit FirstGroup have offloaded three properties used by its US bus group, Greyhound, in deals worth £102m. The Aberdeen-based firm confirmed the deal to the stock market this morning. The biggest of the three deals is an agreement to sell Greyhound’s Los Angeles terminal to a subsidiary of property firm Prologis for $88m (£65m). [...]
Ryanair blocks UK investors from buying shares in Brexit move December 29, 2020 Ryanair today confirmed it will block British investors from buying shares after the UK leaves the EU on 1 January. The budget airline said UK nationals will no longer be allowed to purchase ordinary shares — a rule that already applies to all non-EU nationals. While existing shareholders will not be forced to sell their [...]
Rail services to be axed under Government plans: reports December 28, 2020 Reports have emerged overnight suggesting as many as one in five train services could be axed to reduce financial pressure on the network. The Treasury has been propping up rail services throughout 2020 as lockdown restrictions cut passenger numbers. The Telegraph reports that officials want to bring rail capacity down by a fifth to reduce [...]
Musk claims Apple once snubbed talks to buy Tesla December 23, 2020 Elon Musk has claimed Apple chief executive Tim Cook snubbed talks to buy Tesla back in 2017, when it was going through its “darkest days”. The tech billionaire said he reached out to the iPhone manufacturer in 2017, but CEO Tim Cook refused to take the meeting. Yesterday Musk tweeted: “During the darkest days of [...]
Will take ‘days’ to clear Dover chaos, says minister December 23, 2020 It will “take a few days” to clear the lorry queues at Dover, according to housing Secretary Robert Jenrick. Last night transport Secretary Grant Shapps said an “agreement” had been reached with the French Government on travel across the Channel after around 3,000 lorries have backed up at Dover in the last 48 hours. The [...]