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Transport
Tesla exceeds expectations, while Chinese rivals snap at its heels
Tesla's deliveries surpassed Wall Street expectations Tuesday, as its price cuts and incentives stimulated demand.
Elon Musk's carmaker delivered 443,956 cars in the three-month period ending June. This is a 4.8% drop year-on-year, but…
Boeing buys Spirit AeroSystems from Spirit AeroSystems at $4.7bn
Boeing has agreed with Spirit AeroSystems to purchase the company in an all-shares deal worth $4.7 billion as it attempts to overcome its production crisis.
Spirit, a Boeing spin-off from 2005, manufactured the door plug on a 737 Max 9…
Coach USA Files for Chapter 11 Bankruptcy Amid Ridership Decline
Coach USA, the parent company of the Megabus brand and several commuter bus lines connecting New York and New Jersey, filed for Chapter 11 bankruptcy on Wednesday. The company, which owes between 100 and 500 million to creditors, made the…
FirstGroup, a rail company, plans to increase Lumo services at a reduced price
FirstGroup the British transport operator applied for two additional "open access" services, outside of the main train operating contract. The government is trying to reduce fares and increase competition in the rail network.
Open access…
BYD, a Chinese company, closes on a deal to manufacture all-electric London busses
BYD, the Chinese electric car giant, first entered the British automobile market. It's now taking on the traditional London bus makers.
Sources said that the Go-Ahead Group will award a contract for more than 100 double-deckers powered…
Virgin Trains will take on Avanti when Branson returns to the west coast line
Virgin Group, Sir Richard Branson’s company, is returning to Britain’s railways. The Virgin Group will launch services on the mainline west coast route -- the route the billionaire had been kicked off five years earlier by ministers.…
Eurostar will add up to 50 new trains to its fleet and increase services in order to meet a…
Eurostar is planning to purchase up to 50 new trains, and it's considering adding more international routes to London in order to capitalize on the "huge demand" of rail travel throughout Europe.
Gwendoline Czenave is the chief executive…
UK Motor Trade Cuts Sales Forecasts for Electric Cars
Private motorists are continuing to avoid the zero-emission car market.
At the beginning of the year, the Society of Motor Manufacturers and Traders predicted that 24 percent of all new vehicles registered in the United States would be…
Last-minute deal prevents closure of Britain’s largest train factory
After a series of intense discussions with the Transport Secretary, Alstom secured a vital new order
After a series of crisis talks, the largest train factory in Britain will be saved from closure after Transport Secretary Mark Harper…
The electric car market is stalling as consumers choose petrol vehicles
Official figures show that the demand for electric cars has dropped sharply, as drivers have shifted to petrol and hybrid vehicles.
According to the Society of Motor Manufacturers and Traders, (SMMT), last month saw a decline in the…
Tesla sales drop for the first time in 4 years
Tesla reported its first quarterly drop in deliveries in almost four years. The company also missed Wall Street's estimates. This is a sign the price reductions are no longer having the desired effect as it battles increased competition and…
Avanti Train drivers to receive £100k in overtime pay
As part of its efforts to improve service, the intercity train operator Avanti struck an overtime agreement with drivers. This could bring their average annual salary to nearly £100,000.
The operator of the services on west coast…
Transport Secretary threatens a ‘robust sanctions’ if China dumps EVs into Britain
Transport Secretary threatens "robust" sanctions amid fears that low-cost models may flood Europe
The Transport Secretary said that Britain would use "robust" sanctions to stop China from flooding car markets with cheap electric…
Boeing whistleblower killed in truck
In South Carolina, a Boeing whistleblower was found dead. He had been giving testimony in a suit against the company.
John Barnett, who retired in 2017 from Boeing after 17 years' service, later claimed that the company had serious…
Stelios puts an end to the’scumbags’ in easyJet’s Boardroom
EasyJet founder, Sir Stelios Ioannou, has declared a truce in his long-running dogfight with airline "scoundrels" that culminated in an unsuccessful boardroom coup.
Haji-Ioannou has admitted that his spat with easyJet's chief executive…
Airbus Chief says planes can be flown by ‘just one’ pilot
Christian Scherer, Airbus's chief executive officer, has pioneering in his blood. Christian Scherer, the man who runs the world's largest aircraft manufacturer, was only ten years old when he saw his father fly Airbus's very first aircraft…
Airbus delivers 800 aircraft, a new record.
Airbus expects to deliver about 800 planes this year, 65 more than last year, it said on Thursday as it reported an increase in profits and strengthened its position as the world's largest aircraft-maker.
The European aerospace company…
Siemens expands London Underground Train production in UK
Siemens' decision to shift more work for London Underground from Germany to the UK will result in a much busier factory than anticipated when it begins production in spring.
Siemens was awarded a £1.5 billion contract in 2018 to replace…