Toyota not planning investment in battery electric cars in UK until after 2027. | UK |

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.

 


Disclaimer
The website https://kalkinemedia.com/uk is a service of Kalkine Media Ltd (Kalkine Media), Company Number 12643132. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   

We have updated our Terms of Use, Privacy Policy & Cookie Policy. By continuing to use our website, you agree to these updates.