Tevva Motors has received a £10m funding injection from India’s Bharat Forge, which it said will boost its global expansion plans and create further jobs at its Chemlsford, Essex plant. The automotive firm, founded by CEO Asher Bennett, makes electric trucks in the 7.5-tonne to 14-tonne range, many of which feature range-extending technology. This combines unlimited range from an on-board generator with smart control software to ensure minimum emissions in low-emission zones and city centres. The company was established just […]
The European Commission (EC) said the aborted UPS and TNT merger would have increased prices and would not have been challenged enough by other carriers. The regulator officially blocked the merger from taking place on 30 January, claiming it would have restricted competition for express delivery between European countries in 15 nations. It also said that the acquisition would have reduced the number of “significant players” to two in some countries, which it claimed would have “likely harmed customers by […]
FedEx has made an offer to acquire TNT Express, valuing the business at €4.4bn (£3.2bn), in a deal that both parties describe as having a high level of certainty.
Transport secretary Patrick McLoughlin MP has opened a biomethane refuelling station at UPS’s Tamworth hub.