In a big blow to the ‘move away from fossil fuels’ initiative, Toyota has decided not to invest in building battery-electric cars in Britain until 2027. CEO Johan van Zyl has said that hybrid cars would be the only option for the next round of investment in 2027 at the company’s Burnaston plant.
* Shell in acquisition talk of the Post Office’s broadband business Anglo-Dutch oil major Royal Dutch Shell is said to be in a discussion to acquire the Post Office’s broadband business. Shell has emerged as the favored bidder in the last few days with TalkTalk and Sky also in the league.
* Roll-Royce to sell nuclear instrument business to French firm Rolls-Royce has said that it will sell its civil nuclear instrumentation and control business to France-based Framatome, which is into the nuclear reactor business, for an undisclosed amount. The plane engine maker wants to raise over £2 billion ($2.7bn) from this deal in a bid to fight the pandemic crisis.