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Tata Motors eyes $1.2bn rights issue to jump-start India unit and cut debt
Tata Motors plans to raise as much as Rs75bn ($1.2bn) through a rights issue, as it seeks to cut debt and jump-start its loss making Indian car business.
FCA considers ban on opt-out insurance
Insurance products that customers buy by default would be banned under plans put forward by the Financial Watchdog. The Financial Conduct Authority said yesterday that it was consulting on proposals to ban any selling of so-called opt-out insurance alongside any financial products following concerns that customers were getting a bad deal and were unaware in some cases that they has bought such products.
Fixing every pothole would take 13 years
Roads across England and Wales are in such a bad condition that it would take at least 13 years to fill every one of the millions of potholes. A study has found that almost one in six roads is classed as poor, with the backlog of work needed reaching a record total of more than £12billion by the end of last year.
Traffic jams grow as Amazon drops goods at your desks
An increase in inner-city traffic is bring driven by a rise in the number of office workers getting Amazon packages delivered to their desks, experts said yesterday. The sheer popularity of online shopping is leading to more ‘unregulated van traffic’, with thousands of couriers ferrying items such as books, computer software and clothes to the workplace.
Robots at wheel of growth
The shift to computer driven cars will bring 25,000 automotive jobs to Britain and prevent 2,500 road deaths it has been claimed. If the country could position itself at the centre of the global effort to produce driverless cars, another 300,000 jobs would be created in the wider economy.
Ford ‘smart car; adjusts speed after reading signs
Ford is to sell a car that can read road signs and adjust its speed accordingly to ensure the vehicle is not driving too fast. The speed limiting technology can be activated via the steering wheel and briefly overridden by pressing the accelerator.