LISTEN TO ARTICLE SHARE THIS ARTICLE The Chinese owner of Lotus Cars is considering an investment of at least 1.5 billion pounds ($1.9 billion) to revive the iconic British brand featured in James Bond movies, according to people familiar with the matter. Zhejiang Geely Holding Group Co., which also controls Volvo Car Group, plans to… Continue reading Geely Mulls $1.9 Billion Revival Plan for Lotus Cars
Tag: Toyota
Trump trade war will add $3,000 to price of some popular pickup trucks, minivans, Toyota says
The Trump administration’s trade war will make Toyota pickup trucks and minivans more expensive, adding about $3,000 to the sticker price of some of its best-selling automobiles, Toyota executives said after reporting record profits Friday.
Earnings boosted: “It’s hard to believe” – VW return on Toyota level
All articles and backgrounds 08/03/2018 Earnings boosted “It’s hard to believe” – VW returns close to Toyota DPA Volkswagen headquarters in Wolfsburg Toyota In terms of earning power, it ties in with earlier heydays. The Japanese group increased its operating profit in its first quarter by just under one-fifth to the equivalent of around 5.3… Continue reading Earnings boosted: “It’s hard to believe” – VW return on Toyota level
Britain’s car industry cautions: No-deal Brexit is our nightmare
LONDON (Reuters) – A no-deal Brexit would seriously damage the car industry in Britain and the European Union by raising costs and sowing chaos for carmakers and consumers alike, the head of Britain’s car industry warned on Tuesday. FILE PHOTO: Workers assemble cars at the plant for the Mini range of cars in Cowley, near… Continue reading Britain’s car industry cautions: No-deal Brexit is our nightmare
How Careem’s growth is driving affordability and choice… and we…
Careem’s growth and the idea of what we provide can differ depending on who you are and where you live. For some people in a place like Dubai, Careem might be the Lexus you book to take you to the airport. In Egypt, it’s the motorbike you get when you need to beat the traffic and get across Cairo in a hurry. In Pakistan it’s the tuk tuk you use to get to work every day. We are, of course, all those things and more, but why we are all those things is the important part.
Our focus is on making our service affordable for the masses and helping to solve the transport issues that we’ve seen across all our markets. To do this we have been diversifying our vehicle types across all markets because the tech infrastructure we have built can support multiple vehicle types.
It started with cars. For example, when we first launched in Cairo, we did so with just ten cars which, in hindsight, is ridiculously few for a city that large. Someone would open the app and it said you’ll get a car in 90 mi..
Look inside the new headquarters of self-driving car company Zoox in Foster City
Jul 26, 2018, 6:26am PDT Self-driving car company Zoox is on a growth streak in more than one sense, landing $500 million in new funding and moving into a new Foster City headquarters this year. Zoox’s $500 million funding round brought its valuation to $3.2 billion. The money will help fuel Zoox’s focus on building… Continue reading Look inside the new headquarters of self-driving car company Zoox in Foster City
Automakers push back on EU tariff plan, saying there’s no evidence imports affect national security
Auto executives pushed back Thursday on the Trump administration’s proposal to dramatically raise tariffs on auto imports from the EU.
Here's why Trump wants sensitive details from automakers' operations
Ford CEO James Hackett and President Donald Trump during a meeting with automotive executives in the White House, Friday, May 11, 2018, in Washington. (Photo: Evan Vucci, AP) WASHINGTON – Automakers are crying foul after the Trump administration demanded information about their operations — including what some say is sensitive, proprietary information — as part of an… Continue reading Here's why Trump wants sensitive details from automakers' operations
Tesla to unveil new model in St. Louis
Tesla said they have received nearly a half-million reservations for the new model. The Model 3 also was awarded Design of the Year by Automobile Magazine and designated a “recommended buy” by Consumer Reports. Read more from the St. Louis Business Journal: Rental scooters off St. Louis streets — for now How likely are you… Continue reading Tesla to unveil new model in St. Louis
Mazda to resume plant operations next week
Anton Andres / Mazda | July 19, 2018 13:59 Production line for Mazda crossovers to reopen on July 23 The record rains in Japan last week saw production stoppages from Mazda, Mitsubishi, and Daihatsu. With the storm out of the country, Mazda has announced that they will resume operations next week, July 23, as cleanup… Continue reading Mazda to resume plant operations next week