KUALA LUMPUR (Reuters) – Malaysia is studying monopoly risk in the ride hailing market following the merger of Grab and Uber, the transport ministry said on Wednesday. FILE PHOTO: A ComfortDelgro taxi passes Uber and Grab offices in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo Uber Technologies Inc sold its Southeast Asian business to bigger… Continue reading Malaysia studying monopoly risk in ride-hailing market after Grab-Uber deal
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In a 1st, Tata Motors picks up 26% in startup TruckEasy
MUMBAI: Tata Motors, the flagship of the $100-billion Tata Group, has picked up 26% in freight aggregator TruckEasy, marking its first stake-purchase in a domestic startup. The transaction, for which the investment amount wasn’t disclosed, gives Tata Motors two seats on the board of the three-year-old, Bengaluru-based TruckEasy. Tata Motors’ bet on TruckEasy could boost… Continue reading In a 1st, Tata Motors picks up 26% in startup TruckEasy
Tesla to build factory in Shanghai
Electric carmaker Tesla has signed an agreement with Chinese authorities to build a factory in Shanghai. The “Gigafactory” would be Tesla’s first outside of the US. It intends to be producing 500,000 vehicles within five years of construction, which is due to start in the “near future”, the company said in a statement. The move… Continue reading Tesla to build factory in Shanghai
After Tesla deal, Shanghai to speed up cancellation of foreign ownership limits
SHANGHAI (Reuters) – Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla (TSLA.O) said it would build a wholly owned auto plant in the city. FILE PHOTO: A woman sits in a Tesla Model 3 car during a media… Continue reading After Tesla deal, Shanghai to speed up cancellation of foreign ownership limits
UPDATE 2-After Tesla deal, Shanghai to speed up cancellation of foreign ownership limits
SHANGHAI (Reuters) – Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla (TSLA.O) said it would build a wholly owned auto plant in the city. FILE PHOTO: A woman sits in a Tesla Model 3 car during a media… Continue reading UPDATE 2-After Tesla deal, Shanghai to speed up cancellation of foreign ownership limits
Daimler races to keep up on driverless cars
Mercedes Benz owner Daimler and car supplier Bosch plan to launch a small fleet of driverless taxis in California in the second half of 2019. The move comes as the two firms race to catch up with competitors in the driverless technology industry. Daimler and Bosch have been working together on driverless technology since April… Continue reading Daimler races to keep up on driverless cars
Daimler, Bosch to deploy self-driving taxis in California test program
SAN FRANCISCO (Reuters) – German automaker Daimler AG and auto supplier Bosch Corp [ROBSCJ.UL] will deploy self-driving taxis in California’s Silicon Valley region next year as part of a test program of vehicles designed for city driving, the two companies said on Tuesday. FILE PHOTO: The Mercedes-Benz F015 Luxury in Motion autonomous concept car is… Continue reading Daimler, Bosch to deploy self-driving taxis in California test program
Tesla ditches reservations, opens up Model 3 car sales to all customers in North America
Tesla is taking orders for its Model 3 electric sedans throughout the U.S. and Canada, no reservations required.
Tesla reaches deal to build electric vehicle factory in China
Tesla has reached a deal with the Shanghai government to build a factory capable of producing 500,000 electric vehicles a year. The factory would be the automaker’s second assembly plant and aimed at serving the alluring Chinese market. Tesla and the Shanghai Municipal People’s Government announced Tuesday they had signed the cooperative agreement. Tesla announced… Continue reading Tesla reaches deal to build electric vehicle factory in China
Bike-share schemes battle for Paris turf, but it’s not all free-wheeling
PARIS (Reuters) – Grabbing a bicycle from a docking station and riding the streets of Paris used to be one of the city’s many charms, but the once-loved Velib system has fallen into disarray and some new dockless bike-share schemes are struggling to survive. FILE PHOTO: An employee of Velib’ Metropole self-service public bike by… Continue reading Bike-share schemes battle for Paris turf, but it’s not all free-wheeling