Transport for London (TfL) has announced the prices, including how there will be peak and non peak prices, for using the new Silvertown tunnel and the Blackwall tunnel. £4.00 for peak use of either, dropping to £1.50 in off-peak, which requires signing up to the auto-pay TfL system. if you wish to find out more, click this link here to an article from The Standard.
Carlos Tavares surprised all by resigning as CEO of Stellantis, with immediate effect over the weekend. Reports indicate there was a growing rift between the board, shareholders and the vision Tavares had, following the reduction in expected dividend. The company will appoint a successor in early 2025. Click this Autocar article to read more.
Stellantis announced, that they would be closing the Luton van factory, whilst blaming the UK Government and the zero emission vehicle (ZEV) mandate, for this only weeks after saying they were not going to be hurt by the ZEV to investors. 1,100 people will be losing their jobs.
We have a link to an Autocar article explaining the situation, click here to read that.
For some context, including how the company has operated, click this post from Nick Gibbs.
More context is provided by The Guardian, which you can read by clicking this link here.
The Transport Secretary, Louise Haig, has resigned over an incident with police in 2013. This has caused concern in the industry as she had just been talking to leaders about the ZEV mandate and possible changes to it. Click this Autocar article link here for more.
Following extensive lobbying by the car industry, the UK Government is looking at how it can revise the zero emission vehicle mandate, in the light of the current market reality. The language, from the Government, has switched to putting the blame on the previous incumbents, whilst hoping we all forget they pledged to ‘bring back the 2030 ban’ that was never a thing in the first place. If you want to read more, click this Autocar article link here.
For the second time in quick succession, Aston Martin has issued a warning on its profits. China and supply chain issues are being blamed. On top of which, the company is seeking to raise more money. To learn more, click this Autocar article link here.
Volkswagen has...
