Transport & Logistics

Luxury Italian carmaker Lamborghini is set to invest a minimum of €1.8 billion to produce a new hybrid lineup by 2024 and to release a fully electric model by the end of the decade. The announcement comes as the European Union agrees to ban…

The move comes after Musk warned earlier this month that he has a “super bad feeling” about the economy amid record-high inflation. In a memo to executives, titled “pause all hiring worldwide”, Musk said that around 10% of jobs at Tesla…

Elon Musk has shared a dose of bad news for his electric vehicle company Tesla, explaining that its new factories in Germany and the United States are losing billions of dollars due to battery shortages and supply disruptions in China. …

As first reported by Sky News, aero-engine group Rolls-Royce is to give a one-off payment of £2,000 to 14,000 of its UK employees to help with the rising cost of living. In addition to the lump sum, Rolls-Royce will also offer a 4% pay…

In May of this year, Elon Musk's electric vehicle company Tesla sold 32,165 China-produced vehicles, including 22,340 for export. This is according to the China Passenger Car Association.  In contrast, April of this year saw Tesla sell…

The Home Office announced that the Border Force agency’s agreement with P&O would now be terminated.  “In response to P&O Ferries’ unacceptable behaviour, Border Force has terminated its agreement with P&O to provide…

In a Tuesday statement, the EV company said it will launch a limited number of its Lucid Air Dream Edition P and R sedans for customers in Germany, Switzerland, Norway, and the Netherlands, adding that it would price its Air Dream Edition…

Recently, the world’s first-ever airport for flying cars opened its doors. UK-based Urban-Air Port launched Air-One on April 25, which will serve as a hub for electric vertical take-off and landing (eVTOL) vehicles once it’s fully ready for…

In the early 2000s, Elon Musk co-founded Tesla “to accelerate the advent of sustainable transport by bringing compelling mass-market electric cars to market as soon as possible." Fast-forward to 2021, and the company's earnings sat at a…

Shapps will warn P&O CEO Peter Hebblethwaite that new legislation will require all ferry companies operating from ports to pay their staff at least the minimum wage. Speaking to the Financial Times, an aide said that Shapps “will tell…

Claire Rychlewski, SVP, EMEA at Kinaxis, explains the importance of businesses having a resilient supply chain. From the clothes we wear to the devices that allow us to watch our favourite content, all the consumer products we use come…

Top brass of the shipping giant P&O has reportedly made over 800 UK staff redundant over a 13-minute Zoom call, prompting outrage from unions.