Dan Milmo
latest news & developments
Car sales stall in Europe’s uphill economy
European car sales have fallen for the 12th consecutive month and are heading for a double-digit decline this year.
BP haunted by uncertainties but puts on brave face
BP has set aside a further $847-million to pay for the Deepwater Horizon disaster, raising the potential cost to $38-billion.
Rolls-Royce ratchets up record sales
UK-based carmakers making a fortune from emerging markets’ penchant for luxury vehicles.
Toyota loses its top spot
Based on sales figures for the year to date, the Japanese car manufacturer is no longer king.
Airline industry profits ascend to previous highs
The global airline industry was predicted to soar to a profit of nearly $9-billion in 2010 — compared with a loss of some $10-billion in 2009.
No jets for bail-out companies
Glut expected on market as demand plummets for 2008’s must-have executive perk.
Carmakers panic over sales gridlock
North America is not the only significant car market affected by a recent slump in sales.
Optimism doesn’t last long in the US
The $326-billion rescue of Citigroup was, some investors hoped, a turning point.
Stricken airlines face $6bn loss
Airlines will move from a profit of $5,6-billion last year to a loss of $6,1-billion this year if oil is trading at $135 a barrel, according to forecasts from the global airline…
Flag pride ‘is killing airlines’
Governments shielding their national-flag airlines are "killing" the aviation industry, the head of the International Air Transport Association (Iata) has warned. Giovanni…
US told to go green or lose EU flights
United States airlines must pay for their pollution or face a curb on flights to the European Union, the EU transport commissioner warned last week. Jacques Barrot issued the…
Airline slams ‘snake oil sellers’
EasyJet has warned that the carbon offsetting market is riddled with "snake oil salesmen" determined to make excessive profits from green-minded air passengers. The low-cost…