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SAN FRANCISCO: In the last few years, venture capitalists (VCs) got really excited about used cars. They thought selling cars online or through mobile apps could upend the pre-owned auto market and make dealerships irrelevant. Investors pumped more than US$860mil into four companies – Beepi, Carvana Co, Vroom Inc and Shift Technologies Inc. – from 2013 to 2016.
ALOR SETAR: A seventh person has been detained by the Malaysian Anti-Corruption Commission (MACC) over his role as a key player in a syndicate that sold scrapped luxury cars brought in from Singapore.
ALOR SETAR: Two more Road Transport Department (JPJ) officers have been arrested by Malaysian Anti-Corruption Commission (MACC) for their ‘insider’s role’ in a syndicate that sold scrapped luxury cars brought in from Singapore.
KOTA KINABALU: Police busted a syndicate specialising in stealing cars “on demand” with the arrest of eight addicts around the state capital.
NEW DELHI: India’s top court Wednesday ordered a moratorium on large, new diesel cars in New Delhi in a string of tough measures aimed at cleaning up the world’s most polluted capital.
THE Classic Vintage Cars Tour 2015 at the Esplanade in George Town, Penang, was a feast for the eyes.