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Flybe: Airline and rail rivals attack government rescue

British Airways' owner IAG files a complaint to the EU arguing Flybe's rescue breaks state aid rules.

Caledonian Sleeper boss to quit much-criticised service

The boss of the Caledonian Sleeper train has resigned a day after the Scottish transport secretary said faults with the embattled rail service would take another two months to fix.

Hyundai and Kia inject £100m in London electric vehicle scaleup

Car making giants Hyundai and Kia will today reveal a £100m (£85.6m) in London-headquartered electric vehicle firm Arrival. The move [...] The post Hyundai and Kia inject £100m in London electric vehicle scaleup appeared first on CityAM.

Heathrow installs drone-catching technology after runway shutdown

Heathrow airport has brought in a system designed to block drones entering its airspace.

Thursday, 16 January 2020

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  • UK electric van maker Arrival secures £85m from Kia and HyundaiInvestment from Korean giants means startup is valued at £3bn, giving it unicorn status. The UK-based electric van maker Arrival has secured an £85m investment from South Korean car firms Hyundai and Kia a cash injection which values the business at £3bn, defying the struggles of the British automotive industry.

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