LONDON, UK: The Department for Transport (DfT) has introduced new rules across Britain. All local buses or coach service are required to provide audible announcements and visual displays identifying the route and direction, each upcoming stop, and the beginning of any diversions. The Government has provided £4.65 million in funding for the smallest bus and…
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Toyota Motor’s global sales rose 10.5 percent to 856,376 units in February 2023
Toyota Motor Corp. reported 1.4 percent higher global output in February 2023. The Japanese automaker produced 896,712 vehicles last month. Global sales, including Daihatsu Motor Co. and Hino Motors Ltd., rose 10.5 percent to 856,376 units, the company said in a statement Thursday. Domestic sales and production rose year-on-year for the second month in a…
Ford raises prices on the popular truck, electric F-150 Lightning
Ford Motor has increased prices of its electric F-150 Lightning pickup. The standard-range Lightning Pro, a lower-cost version of the truck optimized for fleet use, will now start at just under $60,000, not including shipping. That’s roughly 50% higher than the Lightning Pro’s original starting price at launch last spring. Ford noted that the 2023…
Apple has introduced Apple Pay Later
Apple has introduced Apple Pay Later, which will allow users to split purchases into four payments spread over the course of six weeks. Apple Pay Later users will be able to manage, track and repay their loans in their Apple Wallet, the company said in a release. Individuals can apply for Apple Pay Later loans…
Private jet flights in Europe last year rose 64% to 572,806 flights last year
The number of private jet flights in Europe last year rose by a whopping 64% to reach a record high of 572,806, according to Greenpeace. More than half (55%) of the private jet flights in Europe last year were ultra-short journeys below 750 kilometers (466 miles), Greenpeace said, noting that these were trips that could…
How much will Google charge for its new Android tablet?
If we are to believe the current rumors about Google’s Pixel Tablet, the price could range from $400 to $600. The former price point would be cheaper than its competitors, while the latter would match the prices of tablets from Apple and Samsung. Google has stated that it does not intend to compete with the…
Airfares of European airlines to rise by 15% this year
Travel by air will become more expensive for consumers. Air fares could rise between 10% and 15% this year but are unlikely to increase more than 20%, Chief Executive of Ryanair Michael O’Leary has said. Ryanair’ chief said earlier the era of the €10 (£8.80) flights is over as fuel costs rocketed after Russia’s invasion…
EU member states to stop selling new CO2-emitting cars by 2035
Following a compromise between the European Commission and Germany on the exemption of internal combustion engine cars powered by e-fuels, EU member states have agreed to prohibit the sale of new cars emitting CO2 by 2035. The Council of the EU has adopted a regulation setting stricter CO2 emissions standards for new cars and vans….
Lucid Motors to reduce workforce by 18% in a major restructuring
Lucid Motors intends to implement a significant restructuring plan to reduce costs and increase production of its Air luxury sedan, which includes a reduction of approximately 1,300 employees, equivalent to about 18% of its workforce. The company stated that it expects to incur one-time charges of between $24 million and $30 million related to the…
United States and Japan sign trade deal to strengthen their EV battery supply chains
The United States and Japan have announced a trade deal on electric vehicle (EV) battery minerals that aims to strengthen their battery supply chains and grant Japanese automakers wider access to the new $7,500 U.S. EV tax credit. The agreement prohibits both countries from enacting export restrictions on the minerals most critical for EV batteries,…
$35 trillion investment in transitional technologies would be needed by 2030 to curb global heating: IRENA
The head of the International Renewable Energy Agency (IRENA), Francesco La Camera, has recently stated that the global energy transition is not on track to prevent the worst impacts of the climate emergency. He has emphasized the need for a fundamental course correction to effectively move away from fossil fuels. IRENA is an intergovernmental organization…
Alibaba will split into six independent business groups
Alibaba will split its company into six business groups, each with the ability to raise outside funding and go public, in the most significant reorganization in the global e-commerce giant’s history. Each business group will be managed by its own CEO and board of directors. Alibaba said in a statement that the move is “designed…