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Germany's Volocopter said it has received €25mil (RM126.4mil) in funding to develop an electric flying taxi, with car and truck maker Daimler among the firms providing fresh cash.
When it comes to recruiting tech talent, Toyota Motor Corp is anything but subtle.
BEIJING: Automotive giant Zhejiang Geely Holding Group said that it will roll out its first flying car in 2019 in the US after the Chinese company decided to buy Massachusetts-based startup Terrafugia, which is pioneering such vehicles.
AT its 19th National Congress – held once every five years – China’s President Xi Jinping pledged on Oct 18 to usher in a new era in building socialism with Chinese characteristics.
Congested streets, dirty air and a diminished quality of life. Traffic overload is set to suffocate modern cities unless a solution is found soon.
Self-driving car pioneer Sebastian Thrun has shifted his gaze to the skies, as his Silicon Valley online school Udacity launches what it calls the first "nanodegree" in flying car engineering.
HONG KONG: Geely Automobile Holdings Ltd's shares jumped on Monday after its chairman Li Shufu revealed he had built a US$9 billion stake in Daimler - giving him major leverage as he attempts to persuade the German carmaker to cooperate on tech.
HONG KONG: Geely Automobile Holdings Ltd’s shares jumped after its chairman Li Shufu revealed he had built a US$9bil stake in Daimler AG, gaining leverage as he tries to convince the German carmaker to cooperate on technology
FRANKFURT: Li Shufu, the founder and main owner of China’s Geely, has no plans to buy further stakes in carmakers after building up a holding of almost 10% in Germany’s Daimler, he told a German newspaper.
Volkswagen's sports car maker Porsche could develop a flying passenger vehicle to compete with rivals in a possible market for urban air taxis and ride-sharing services, Porsche sales chief Detlev von Platen told a German magazine.