Tesla investigating social media video of one of its cars catching fire in Shanghai April 22, 2019 Electric car marker Tesla has said it is investigating a video that is circulating on Chinese social media which appears to show one of its most popular vehicles catching fire. The video shows a stationary Tesla car, identified as the Model S, erupting into flames while in a car park in Shanghai on Sunday evening. Tesla [...]
HS2 ‘ignored concerns’ about winning bidder for £1.3bn Old Oak Common contract April 21, 2019 HS2 ignored warnings about a contractor’s ability to build a key station before awarding it the £1.3bn tender, according to a High Court claim. HS2 acknowledged a joint venture between Balfour Beatty and Vinci was “severely under-resourced [and] a real risk to the safe and timely completion and handover” of the crucial Old Oak Common station [...]
Edinburgh Airport owner eyes £2bn sale as aviation infrastructure values soar April 21, 2019 Edinburgh Airport could be sold this year for as much as £2bn as its private equity owner looks to cash in on skyrocketing aviation infrastructure valuations. Global Infrastructure Partners (GIP), the airport’s largest shareholder, is eyeing the hefty price tag amid plans to sell its majority stake, the Sunday Telegraph reported, citing City sources. Read [...]
Stagecoach wants inquiry after rail bid document was leaked to rival April 20, 2019 Stagecoach has called for a review of the way rail franchises are awarded after it emerged that a rival had seen the details of its bid. The transport company claimed that the department for transport (DfT) failed to investigate the incident properly, although the DfT deny that any information rival Abellio saw would have influenced the bid. Read [...]
Four Tesla directors to leave company in board streamlining April 20, 2019 Tesla has announced that four of the eleven members on its board will be leaving the company over the next two years in a move to increase efficiency. In a regulatory filing, the company said that Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice would not be standing for re-election in the annual meetings [...]
Thomas Cook holds preliminary talks with suitors about potential takeover April 20, 2019 Thomas Cook has sparked the interest of a number of potential bidders as the company's lenders prepare to discuss its financial state. Several parties have made enquiries about taking over the company's tour operating business, or the entire company, according to Sky News. Read more: Uber's self-driving unit raises $1bn ahead of IPO Currently talks are at [...]
Uber’s self-driving unit raises $1bn ahead of IPO April 19, 2019 Uber’s self-driving unit has raised $1bn from a consortium of investors including Softbank Group ahead of the ride hailing app’s initial public offering. Uber said that the investment values its Advanced Technologies Group, which is working to develop autonomous vehicle technology, at $7.25bn. Read more: Uber IPO: Six things you need to know Softbank will invest [...]
Fiat Chrysler recalls 320,000 Dart cars that could roll away April 19, 2019 Fiat Chrysler Automobiles has announced that it is recalling more than 320,000 cars over concerns that the model could roll away. The Italian-American carmaker said the recall covers Dodge Dart compact cars from 2013 to 2016 and mainly affects drivers in the US, Canada and Mexico. Read more: Is the classic Aston Martin Vantage still [...]
Ofgem set to slap energy supplier Solarplicity with indefinite ban on recruiting new customers April 18, 2019 Fresh questions were raised today about the future of energy supplier Solarplicity after regulator Ofgem said it intends to extend its ban on the firm taking on new customers. The regulator said the firm failed to address serious concerns Ofgem raised in February about its contact and complaints handling and the transfer of customers to [...]
Elon Musk channels a sheep as he and English Rural Life museum swap pictures April 18, 2019 The Museum of English Rural Life has adopted Elon Musk's Twitter display picture, after the Tesla CEO decided to take their sheep image and start answering tweets about Tesla cars with sheep puns. Now visitors to the page of the Museum of English Rural Life will be greeted with Musk's face in a joke that continues [...]