German car manufacturer Volkswagen is marking out spots for a future electric vehicle factory in North America, as major car firms gear up to face rival firm Tesla's impact on the market. The newly-appointed chief executive of Volkswagen's US arm said the firm is planning a new plant to build a car that has yet to be revealed, due to be released in 2020 at a price point of up to $40,000 (£31,332). "We are 100 per cent deep in the process of 'We will need an electric car plant in North America', and we're holding those conversations now,” Scott Keogh told journalists at the Los Angeles auto show last night. Volkswagen said earlier this month that it planned to spend almost €44bn (£39.2bn) on developing electric cars, autonomous vehicles and new mobility services by 2023, while also exploring potential partnerships with US manufacturer Ford. Keogh said the firm's existing plant in Tennessee could have the capacity to build its electric cars, but it will not … [Read more...] about Volkswagen is planning a new US plant for electric cars as it takes the fight to Tesla
Plant for a future
0 Have your say BRITISH Steel has reported a first quarter profit of £21 million and announced the biggest single investment in its manufacturing operations for a decade. In its second annual trading update, British Steel said its turnaround remained on track as it revealed that £50m will be invested at its Scunthorpe rod mill. The company also confirmed that £40m has been committed to other capital expenditure in 2019 to maintain and improve its asset base.British Steel’s annual turnover was £1.4 billion, which was an improvement on the £1.2 billion recorded in 2017. The company employs around 4,000 people at its operations in Scunthorpe, Teesside and Skinningrove. A spokesman said: “No new jobs will be created by the investment. However, it underlines our commitment to building a sustainable future for our wire rod business, our employees and our customers.”When asked about the potential impact of President … [Read more...] about British Steel announces biggest investment in manufacturing for a decade
More than 350 objections have been made to a proposal to build an electricity generation plant in West Byfleet . Up to 33 gas generators could be built on brownfield land next to the Camphill Industrial Estate, if a planning application is approved by Woking Borough Council (WBC) . The UK Power Reserve (UKPR) plant would be used to "feed electricity into the local electricity network at the point of requirement thereby ensuring that the lights stay on for local residents and businesses". However hundreds of residents have raised complaints with the council, calling the plans "scandalous", an "absolute disaster" and saying they would lead to "the decline of West Byfleet". Particular concerns have been raised about the site's proximity to local schools, including a nursery. Read More Latest Woking news What are the plans? The plans are for a 49MW output plant at a former waste tip in Camphill Road. This would either be made up of 33 x 1.45MW generators or 25 x 1.9MW gas fired … [Read more...] about What you need to know about plans for a new power plant
Even if the rental costs send you into orbit, you can’t help but admire this beautiful old observatory, which has been painstakingly restored and turned into an impressive four-bedroom private residence in Old Deer Park in Richmond. The historic Grade I listed observatory was built for King George III in 1769 by the renowned architect Sir William Chambers in the Palladian style, with the gardens designed by Capability Brown. Today, the property is well hidden from public view up a private drive running through the Royal Mid-Surrey Golf Course, overlooking its own lake and with seven acres of grounds planted for a future landscape of wild flowers and indigenous grasses. The revolving cupola is the oldest of its type in the world and still houses a telescope (although not the king’s original one). George III (whose life and mental illness was dramatised in the film The Madness of King George) was interested in observing the heavens in general but in particular the passage of … [Read more...] about Fancy renting King’s Observatory in Richmond for £37,500 a month?
News / Business by Press Association 30/06/2018, 8:02 am Updated: 30/06/2018, 8:12 am FacebookTwitterWhatsAppEmail Send us a story Sign up to our Daily newsletter Unions have welcomed a merger between steel giants Tata and Thyssenkrupp, which is set to secure jobs and lead to investment. The deal confirms a joint venture between Tata and the German firm and ends years of uncertainty over the future of plants including the Port Talbot works in South Wales. Roy Rickhuss, general secretary of the Community union, said there will now be “significant” investment across Tata Steel’s UK business. “Steelworkers have fought hard to ensure the future of British steel-making. As part of this joint venture, we have secured significant investment across Tata Steel’s UK business, including a repair of Port Talbot’s blast furnace number five, which could see it produce steel until at least 2026,” he said. “With a commitment to … [Read more...] about Steel giants merger deal will safeguard jobs for a generation – union