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Transport boss gives away bonus

Transport tycoon Brian Souter handed his £1.6m bonus to his company's pensioners and charity, the Stagecoach annual report reveals

Chastened GM sets out on a fresh start

General Motors emerged from bankruptcy just 40 days after filing for Chapter 11 protection with the vow to become a nimbler global carmaker more in touch with its customers

Probe launched after fake bomb breaches Scots airport security

SECURITY at a Scottish airport is under review after a fake bomb passed through undetected.

Saturday, 11 July 2009

BBC News

Financial Times

  • Chastened GM sets out on a fresh startGeneral Motors emerged from bankruptcy just 40 days after filing for Chapter 11 protection with the vow to become a nimbler global carmaker more in touch with its customers
  • EU balks at Lufthansa concessionsThe German carrier's proposed acquisition of Austrian Airlines looks increasingly shaky after competition officials accused it of submitting concessions inferior to a previous offer
  • Tui to pay some cash to Hapag groupThe troubled tourism group has agreed to meet at least some of the demands for aid from Hapag-Lloyd, the container shipping line it partly sold off in March
  • More airlines gain antitrust immunityA group of carriers has been given waivers from US regulators in spite of fears over the effect of joint ventures on transatlantic competition
  • BA braces for union showdownBritish Airways and its shareholders face a stormy upcoming annual meeting as Unite, the union that represents 28,000 of the airline's 40,000 employees, intends to picket the meeting in force
  • India unveils plans for toll roadsIndia's new government outlines proposals to overhaul its roads with a target of building 12,000 km of highway this year.

The Guardian

  • Airport passenger numbers fall 5.9%¢ 12.7m passengers pass through company's seven airports¢ Lowest figure for nine months¢ Edinburgh bucks the trendThe number of travellers using major UK airports declined to its lowest level for nine months in June, BAA said today.The airport operator said a total of 12.7m passengers passed through its airports last month, a reduction of 5.9% on the same period last year.But the firm, which saw a 7.3% fall in May, said this was the best underlying figure since last September.BAA had posted a 2.3% decline in passenger numbers in April but this rose to 6.8% when the effect of a late Easter was ...
  • GM reborn after 40 bankruptcy days'Business as usual is over at GM,' said CEO Fritz HendersonAmerica's biggest carmaker, General Motors, won a second chance to prove itself as a profitable motor manufacturer today as it emerged from bankruptcy at lightning speed after a remarkably swift, smooth financial restructuring.After just 40 days under court-supervised protection from its creditors, GM was resurrected as a solvent business shortly after 6.30am when lawyers, completing an all-night paperwork session, signed over its factories, stocks, equipment and intellectual property to a new entity controlled by the US government.GM...

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Washington Post

  • General Motors to try selling new cars on eBay NEW YORK -- As part of its turnaround plan, General Motors Corp. said Friday it plans to experiment with auctioning new cars on eBay, expanding on an existing partnership covering certified used vehicles on the online marketplace.
  • CEO vows better performance as GM exits bankruptcy DETROIT -- General Motors completed an unusually quick exit from bankruptcy protection on Friday with ambitions of making money and building cars people are eager to buy. Once the world's largest and most powerful automaker, new GM is now leaner, cleansed of massive debt and burdensome contracts that would have sunk it without federal loans.
  • With Bankruptcy Behind It, GM Focuses on a Culture Change General Motors emerged from bankruptcy yesterday, with chief executive Fritz Henderson promising that the fallen corporate giant will be revived and that

Chartered Institute of Logistics and Transport

  • Van drivers 'worst on UK roads'Drivers of vans are the worst motorists on Britain's roads, a new poll has revealed.According to research by website Auto Trader Compare, respondents voted 'white van man' the biggest offender, followed by drivers of BMWs, the Press Association reports.Owners of Porsches, Audis and Mercedes-Benz also rated highly on the list, while Sunday drivers and Londoners were also criticised for lacking skill behind the wheel.However, lorry and bus drivers were found to be the most considerate road users.Matt Thompson, Autotrader.co.uk marketing director, said it is important that "motorists cha...

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