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Showing 1-10 of 2013
FRANKFURT: European car sales jumped in October, although not enough to reverse a slump since the start of the year as demand weakens in key markets.
As recently as March, Daimler AG, the German carmaker, promised to put 10,000 autonomous taxis on the streets by 2021. But last week, Daimler chairman Ola Kaellenius announced that the company was taking a "reality check” on the project and focusing on self-driving long-haul trucks instead. It’s fine that self-driving cabs aren’t coming as fast as some expected – and it’s even better that Silicon Valley-style big talk appears to be going out of fashion.
Daimler has taken a "reality check" on self-driving "robotaxis", acknowledging that making them safe is proving harder than first thought amid questions over their future earnings potential.
TOKYO: Nissan Motor Co. withdrew its dividend outlook and said it’s now undecided on a payout, dealing an unexpected blow to top shareholder Renault SA.
Mumbai: Tata Group, the owner of Jaguar Land Rover (JLR), has approached carmakers including China’s Zhejiang Geely Holding Group Co and BMW AG as it seeks partnerships for the beleaguered British automotive business, sources said.
FRANKFURT: Germany’s recent glimmer of hope after a year of industrial doldrums risks coming too late to prevent wider weakness from taking hold.
MUNICH: BMW AG showed signs of recovery under its new chief executive officer, beating analyst estimates in the third quarter on aggressive cost-cutting and demand for upscale models like the big X7 SUV.
BERLIN: Chancellor Angela Merkel’s government and Germany’s carmakers agreed to increase cash incentives for electric cars as they attempt to accelerate the transition away from the combustion engine and reduce harmful emissions.
NEW DELHI: German Chancellor Angela Merkel said on Saturday there was a need for a fresh attempt to restart talks on finalising a free trade agreement (FTA) between India and the European Union (EU).
The jewel in Scomi Group Bhd’s companies is its oil and gas arm - Scomi Energy Services Bhd. However, the problems of the parent company have left a deep cut on Scomi Energy.