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Corporate News 30 Aug 2016 | 10:41 AM

DRB-Hicom posts Q1 net loss of RM169m as Proton weighs

KUALA LUMPUR: DRB-Hicom Bhd posted net losses of RM169.30mil in the first quarter ended June 30, 2016 weighed down by losses from its car manufacturing operations under Proton.

TECH 19 Aug 2016 | 8:32 AM

Uber buys self-driving truck startup Otto; teams with Volvo

Ride service Uber Technologies Inc said it acquired self-driving trucks startup Otto and formed an alliance with Volvo Car Group to develop self-driving cars.

Business 13 Aug 2016 | 12:00 AM

China’s stability shaken

BEIJING: China’s recent economic stabilisation faltered in July as factory output, retail sales and investment all slowed, while the broadest measure of new credit rose the least in two years.

Corporate News 09 Aug 2016 | 1:08 AM

PublicInvest Research retains Outperform on DRB-Hicom

KUALA LUMPUR: PublicInvest Research is maintaining its Outperform call on DRB-Hicom with an unchanged sum-of-parts target price of RM1.26.

Business 21 Jul 2016 | 6:28 PM

GM says Brexit “not a good omen”, mulls cuts in Europe

FRANKFURT/DETROIT: General Motors (GM) said it was considering cost cuts in Europe to offset up to US$400mil (RM1.62bil) of potential headwinds triggered by Britain’s Brexit vote, calling into question the carmaker’s ability to return Opel and Vauxhall to a full-year profit.

Business 28 May 2016 | 12:00 AM

Gearing up for tough times ahead

THE uncertainty in both the local and global economy, which has directly affected consumer sentiment, has seen local car companies gearing up for tough times ahead.

Food News 18 May 2016 | 7:00 AM

Volkswagen's other speciality: Curry sausage

In 2015, Volkswagen sold more of its sausages than cars. Its Wolfsburg plant in Germany produces 30,000 currywurst a day from a recipe dating back to 1973.

Technology 05 May 2016 | 5:11 AM

Tesla puts pedal to the metal, 500,000 cars planned in 2018

Tesla Motors Inc said it was stepping up production plans for its upcoming Model 3 mass-market sedan and would build a total of 500,000 all-electric vehicles in 2018, two years ahead of schedule, but warned that spending will ramp up in tandem.

World 20 Apr 2016 | 8:34 PM

South Africa's ANC losing support in 'Mandela Bay' heartland

KWAZAKHELE, South Africa (Reuters) - Unemployed South African labourer Xolisa Sacu has given up waiting for the housing, services and jobs that the African National Congress has been promising his rubbish-strewn township since the end of apartheid 22 years ago.

Opinion 17 Feb 2016 | 12:00 AM

Najib: IT giants want Asean to develop digital economy

THE usually mundane US-Asean summit was given a new twist yesterday when the CEOs of three tech giants gave a presentation on the digital economy to the 10 Asean leaders and their host President Barack Obama.