Transport

Tesla's second quarter profit dropped 45 percent compared to a year earlier as global electric car sales continued their decline despite price reductions and low-interest finance. The Texas-based firm said Tuesday that its net income…

According to a report by the government's watchdog on spending, the axing HS2's 2nd leg will likely mean higher train fares along the west coast mainline between London and Manchester to reduce demand. Rishi Sunak , who cancelled the…

As they prepare to fly off this summer, thousands of holidaymakers are going to be horrified by the cost of airport parking. Stop reading if you do not want to find out how much money airports make. Last year, the UK's largest four…

The UK Transport Secretary has called for train companies to "take immediate action" to improve reliability, while launching an investigation into the "worse performance" of Britain’s railways. Louise Haigh, the British Transport…

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 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, 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 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, 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 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 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…

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…

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…

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 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…

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 "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…

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…