Shell will cut some 6,500 jobs in response to low oil prices. The oil company announced the layoffs and cuts in capital investment as preparations for "prolonged downturn" in oil prices. As its second-quarter earnings fell by 25 percent, Shell will reduce operating costs by $4 billion and capital investment by $7 billion this year. "The company has to be resilient in today's oil price environment," says Royal Dutch Shell CEO Ben van Beurden, "even though we see the potential for a return to a $70 to $90 oil price band in the medium term." Read more from USA Today.
BYD will partner with Alexander Dennis Limited (ADL) to expand London's electric bus fleet. London recently announced it will add 51 electric buses as part of its Ultra Low Emission Zone. BYD will provide the buses' chassis and electric powertrains, while UK coachbuilder ADL will provide the bodies. "Our deep experience of not only battery technology but the critical battery management systems and driveline components necessary to deliver unequalled range and reliability are matched to ADL's strong track record in building low weight, attractive and durable buses," says BYD Europe Managing Director Isbrand Ho. This addition will make London's fleet of full-size of electric buses Europe's largest. Read more in the press release below.
LONDON, July 30, 2015 /PRNewswire/ -- BYD Company Ltd., the world's largest maker of pure electric buses - and Alexander Dennis Limited (ADL), Europe's fastest growing bus and coach builder - have formed a powerful new alliance and confirmed a £19 million deal today that will see the introduction of London's first large-scale, zero-emission, single deck bus fleet. This will also be the single largest fleet of full size electric buses in Europe.
The move follows confirmation by Go-Ahead London that they are to introduce 51 emission-free, pure electric buses on routes 507 and 521, which operate between Waterloo and Victoria.
The vehicles will be built on BYD chassis and powered by BYD's technology-leading electric drivetrain. All 51 buses will be bodied by ADL, incorporating their market-leading Enviro200-like midi bus design. The Enviro200 is the world's best-selling midi bus and renowned for its lightweight, easy access, maneuverability and fuel efficiency.
Go-Ahead London said today that it expects to introduce all 51 of the revolutionary new vehicles into service by August 27, 2016, signaling the introduction of London's first, large-scale pure electric bus fleet. The move follows an announcement from Transport for London (TFL) earlier this month that it would electrify central London routes 507 and 521 as part of its drive to make all of its single deck buses emission-free by 2020.
The new deal, worth £19 million, includes a full on-site repair and maintenance program for the term of the contract and combines the strengths of ADL's Enviro200 12m single deck (with 18,000 units sold worldwide) and BYD's own design of Iron-Phosphate Battery technology and drivetrain system. The latter has been proven to deliver outstanding range and reliability in multiple international markets, covering millions of kilometers of passenger-carrying service.
The decision by the two manufacturers to collaborate on this first fleet is a significant step. It brings together the proven, safe and long-range capabilities of BYD's pure electric buses (the company has 3,500 in service worldwide) with the outstanding and high quality vehicle design and UK build capability of ADL. The resulting vehicles, capable of carrying up to 90 passengers, will offer Londoners some of the most advanced zero emission buses in the world and provide opportunities for the two partner bus builders to work together in the future for the benefit of other bus operators, their passengers and the wider community.
Both BYD and ADL see this latest development as a major step towards bus operations in the UK and around the world making a bold statement and major contribution on which to base clean air initiatives.
Isbrand Ho, Managing Director of BYD Europe, said: "Working together with our partners and friends at ADL we can provide a truly optimized blend of expertise. Our deep experience of not only battery technology but the critical battery management systems and driveline components necessary to deliver unequalled range and reliability are matched to ADL's strong track record in building low weight, attractive and durable buses. This combination will deliver a unique vehicle which we believe will have a strong appeal in London and elsewhere in the UK."
Colin Robertson, CEO of ADL, commented: "Technology is at the forefront of everything we do and this unique alliance with BYD represents a quantum leap into the future. Our combined strengths and, critically, the unified aftermarket support we are putting in place to support Go-Ahead London in the long-term, represents a fundamental of our combined business philosophy. The backing of Go-Ahead – in the form of this £19m contract – is a huge confidence booster and we are delighted to have emerged alongside BYD as the preferred bidder in what was a highly competitive process involving a raft of global competitors. I see this new initiative as a major turning point for ADL and our new technology partner, BYD."
Richard Harrington, Engineering Director of Go-Ahead London, commented: "We are delighted to have placed this order with BYD and have every confidence that along with ADL they will deliver exactly what they promise, that is, the world's most advanced, zero-emission, pure electric bus fleet – and one that will match the rigorous demands of the London operating environment. Go-Ahead is constantly striving to stay at the forefront of technology and to make a major contribution in the reduction of emissions and pollutants. This is a considerable step towards a cleaner, greener London bus fleet."