Meanwhile the wider Stellantis group said profits have halved, sending shares in the world’s fourth-biggest carmaker down by 10pc. Sales fell heavily in the US and Europe and the company said it was considering cutting prices in order to boost demand. Mr Tavares called the figures “disappointing and humbling”, but …
Read More »'Elon Musk of Essex' prepares to call in administrators – The Telegraph
It signed agreements in principle with the likes of Royal Mail and Travis Perkins to supply its flagship 7.5-tonne electric trucks, which were set to … Source link
Read More »Britain cannot follow blundering Von der Leyen into dead-end protectionism
After the debacle of solar panels, moreover, the EU has good reason to worry. Having stolen the original technology from Germany, China now dominates the global market for solar energy. Nobody else gets a look in. But though late to the party, the EU, the US, and even the UK …
Read More »‘Elon Musk of Essex’ moves Royal Mail electric lorry maker to US
Tevva has started manufacturing 7.5-tonne trucks which have a 140-mile range in the UK, with customers including logistics companies Kinaxia and TG Lyons. It expects to deliver its first vehicle to Royal Mail in the coming weeks, and later develop an electric lorry with a “range extender” hydrogen fuel cell …
Read More »‘Elon Musk of Essex’ company chased by suppliers as it lays off staff
The winding up petition was issued by Hadleigh Castings, an Ipswich aluminium foundry, earlier this month. It sought £84,011.76 for five unpaid invoices as well as interest and compensation. Filings said: “Despite numerous requests by the Petitioner, the company has failed to settle the above invoices or provide any reason …
Read More »The tech trends to watch in 2022
As the pandemic continued to turn the norm upside down in 2021, the world became even more dependent on technology. Consumers now don’t think twice about relying on apps to deliver groceries, invest chunks of money or prove their Covid status for travel and even work. The year spawned previously …
Read More »the British company that wants to be the Tesla of vans and buses
Arrival was launched by Russian entrepreneur Denis Sverdlov and was largely self-funded from his personal $500m venture fund Kinetik until investment in 2020 by BlackRock and Fidelity. Sverdlov had founded several internet companies in the 2000s, before briefly becoming deputy communications minister under Vladimir Putin’s prime minister Dmitry Medvedev in …
Read More »The Extreme E chief racing to promote an environmental message
The 79-year-old is also the largest shareholder in Liberty Media, which bought Formula One from buy-out fund CVC for £6.4bn four years ago. Drivers and investors may have been forthcoming, but keeping Extreme E on track has still proven a prodigious task. Companies have been shielding their cash to protect …
Read More »is Audi fire risk a good reason to cancel my lease?
If your car has developed a fault, or for consumer advice, turn to Honest John by emailing honestadvice@telegraph.co.uk Underground line I have a leased Audi A4 TFSI and received a letter stating a recall is due, because of a problem with the starter/alternator. It warned against leaving the car in …
Read More »Paramax, Titan team with Extreme E on IMAX project | Deals | News
Extreme E, Paramax Films, and Titan Cinema have formed an exclusive partnership that will see the story of the new electric SUV off-road racing championship reach the silver screen in what the partners call the largest, most spectacular and immersive form of IMAX. The large format filmmakers are to be …
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