Transportinfo.org.uk - today's transport news in the uk, hand picked for you each morning

Thursday, 11 November 2021

BBC News

• Shares in electric truck maker Rivian leap 30% on openingAmazon-backed Rivian has become the second-most valuable car company in the US.
• COP 26: Four major carmakers fail to back zero emissions pledgeFour of the world's biggest car manufacturers decline to back COP 26 agreement on cutting emissions.

The Guardian

• Uber raises London prices by 10% in effort to lure back driversRide-hailing app says increase will provide better rider experience after lockdown led to driver departuresCoronavirus – latest updatesSee all our coronavirus coverageUber is to increase its rates by 10% in London in an attempt to lure drivers back on to its platform, as cab companies across the UK struggle to meet booming demand.Customers using the ride-hailing app have faced longer waits and more cancellations from drivers cherry-picking jobs in recent weeks, as well as more surge pricing as requests exceed the numbers of cars available. Continue reading...
• Elon Musk sells $5bn in Tesla stock days after Twitter pollBillionaire offloads around 3% of his holding – though £1bn was already in train before he asked Twitter users about reducing his stakeElon Musk has sold about $5bn in shares amounting to roughly 3% of his Tesla holdings, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake.About $4bn worth of the sale – 3.6m shares – could be considered as counting towards his 10% pledge on Twitter. Another $1.1bn worth, amounting to 934,000 shares, was sold under an options arrangement to acquire nearly 2.2m shares that was already in train ...

Times Online

• Town halls are losing the war on potholes [subscription]In the London borough of Hammersmith and Fulham, half of the roads surveyed were given the lowest rating for their state of repair. In Derbyshire, 43 per cent of roads were graded red, and 35 per cent in Wolverhampton. On average, 17 per cent of local roads are in need of repair.

Bristol Live

• Clean Air Zone map: Where the borders for the scheme will fall street by streetThe charges will operate 24 hours a day

Daily Post (North Wales)

• A55 roundabout removal project gets decision date update from Welsh Government's roads panelThere are plans to change junctions 15 and 16, replacing existing roundabouts at Llanfairfechan and Penmaenmawr with "grade separated" junctions

Other Regional Press

• Kent among worst in country for roadworksThe county has been listed in the top 10 in the UK for the amount of roadworks - with more than 70,000 in two years.