17 July 2019


  • Employees take pictures of a Volkswagen Beetle during a ceremony marking the end of production of the iconic vehicle, at an assembly plant in Puebla, Mexico, on July 10. Photo: Reuters

    Diverging fortunes of Beetle and Mini Cooper

    - Jul 15, 2019 10:30am
    The last Volkswagen Beetle car rolled off the assembly line last week, marking the end of an era of the iconic car whose history goes back to the 1930s. Meanwhile BMW revealed on the same day...
  • Makers of hybrid cars such as Toyota Motor Corp. stand to benefit from the proposed policy change. Photo: AFP

    China considers limited support for petrol-electric hybrids

    Jul 12, 2019 3:57pm
    China is considering re-classifying petrol-electric hybrid vehicles so they get more favorable treatment and make it easier for automakers to meet environment quotas, Reuters reports. Global hybrid leaders Toyota Motor Corp. and Honda Motor Co. Ltd....
  • Workers and a mariachi band celebrate the end of production of VW Beetle cars at a Volkswagen assembly plant in Puebla, Mexico, on Wednesday. Photo: Reuters

    Last Volkswagen Beetle drives into the sunset

    Jul 11, 2019 12:26pm
    Volkswagen rolled the last Beetle off the assembly line on Wednesday, the end of the road for a car that ran from Nazi Germany through hippie counterculture but failed to navigate a swerve in consumer tastes...
  • Boeing's deliveries have suffered from the prolonged grounding of its best-selling MAX jets. Photo: AFP

    Boeing to lose biggest planemaker title as deliveries fall 37%

    Jul 10, 2019 8:31am
    Boeing Co. is set to lose the title of being the world’s biggest planemaker after reporting a 37 percent drop in deliveries for the first half of the year due to the prolonged grounding of its...
  • Richard Branson wants to cash in on burgeoning demand for space travel. Photo: AFP

    Richard Branson’s Virgin Galactic to go public by year-end

    Jul 10, 2019 7:32am
    British billionaire Richard Branson will take Virgin Galactic public by year-end, giving it the much-needed funds to take on Jeff Bezos’ Blue Origin in the race to space, Reuters reports. The company will list its shares...
  • Waymo seeks to persuade passengers that its ride service is less stressful than driving their own cars or riding with its rivals. Photo: Bloomberg

    Waymo tests Wi-Fi in driverless taxis

    Jul 9, 2019 8:16am
    Waymo is rolling out amenities to entice riders to use its self-driving taxis, creating a potential route to profitability in a money-losing industry, Reuters reports. The Alphabet Inc. subsidiary is testing complimentary Wi-Fi in its robotaxis...
  • Volkswagen is retooling 16 factories to build electric vehicles and plans to start producing 33 different electric cars under the Skoda, Audi, VW and Seat brands by mid-2023. Photo: Reuters

    VW to deepen alliances with battery suppliers for electric push

    Jul 8, 2019 3:51pm
    Volkswagen will create joint ventures and help finance battery production to persuade skeptical cell suppliers to back its aggressive push for mass producing electric vehicles, Reuters reports, citing board member Stefan Sommer. VW has said it...
  • The proposed penalty on British Airways is equivalent to 1.5 percent of its worldwide turnover for 2017. Photo: Reuters

    British Airways faces US$230 million fine over data theft

    Jul 8, 2019 3:13pm
    British Airways owner IAG said on Monday the UK Information Commissioner’s Office (ICO) intends to impose a penalty of 183.4 million pounds (US$229.8 million) for the theft of customer data from the airline’s website last year,...
  • A self-driving Bolt EV is seen during a media event where Cruise, GM's autonomous car unit, showed off its self-driving cars in San Francisco, California, on Nov. 28, 2017. Photo: Reuters

    US clears SoftBank’s US$2.25 bln investment in GM-backed Cruise

    Jul 8, 2019 9:34am
    Cruise, a self-driving vehicle company that is majority-owned by General Motors, said a US national security panel has cleared a US$2.25 billion investment in the firm by Japan’s SoftBank, Reuters reports. The Committee on Foreign Investment...
  • Qualcomm was among the entities that had backed 5G technology over a wifi-based standard for internet connected cars in Europe. Photo: Reuters

    EU opens road to 5G connected cars

    Jul 5, 2019 9:32am
    European Union states opened the way to competing technologies for internet connected cars on Thursday, rejecting a European Commission push for a wifi-based standard backed by Volkswagen, Reuters reports. The result represents a win for BMW...
  • Lee Iacocca is seen during a Chrysler earnings briefing in a file picture from February 1991. The legendary auto industry executive died on Tuesday at his home in Bel-Air, California. Photo: Reuters

    Auto industry icon Lee Iacocca dies at 94

    Jul 3, 2019 11:06am
    Lee Iacocca, the charismatic US auto industry executive who gave America the Ford Mustang and was celebrated for saving Chrysler from going out of business, has died at the age of 94, Reuters reports. Iacocca died...
  • Tesla's robust deliveries could help jumpstart investor sentiment on the stock, which, before Tuesday's spike, was down about a third from the beginning of the year. Photo: AFP

    Tesla delivers record number of electric cars in 2nd quarter

    Jul 3, 2019 9:14am
    Tesla Inc. set a record for quarterly vehicle deliveries in a triumphant response to months of questions about demand for its luxury electric cars, sending shares up 7 percent in after-hours trading, Reuters reports. Brushing aside...
  • Toyota aims for half its global sales to be from electric vehicles by 2025. Photo: AFP

    Toyota to invest US$2 billion to develop EVs in Indonesia

    Jun 28, 2019 9:48am
    Toyota Motor Corp. plans to invest US$2 billion to develop electric vehicles (EVs) in Indonesia over the next four years, starting with hybrid vehicles, Reuters reports. “From 2019 to 2023, we will progressively increase our investment...
  • Southwest Airlines' Boeing 737 Max 8 aircraft sit on the airport tarmac in Phoenix, Arizona, on March 13, 2019. Photo: AFP

    US regulator cites new flaw on grounded Boeing 737 MAX

    Jun 27, 2019 8:06am
    The US Federal Aviation Administration has identified a new risk that Boeing Co. must address on its 737 MAX before the grounded jet can return to service, Reuters reports, citing the FAA. The risk was discovered...
  • Apple is acquiring as a move to bring aboard some of its engineering talent to boost the iPhone maker's own self-driving efforts. Photo: AFP

    Apple buys self-driving car startup

    Jun 26, 2019 12:38pm
    Apple Inc. confirmed that it has acquired self-driving shuttle firm, Reuters reports. Technology news website The Information reported earlier this month that the iPhone maker was considering acquiring the firm as a move to bring...
  • FedEx warned that "weakness in global trade' could hurt its earnings in the new fiscal year. Photo: Reuters

    FedEx profit beats estimates, warns of trade war impact

    Jun 26, 2019 10:08am
    FedEx posted quarterly profit that topped market expectations, but warned that US-China trade tensions and non-renewal of an Amazon contract will hurt its fiscal 2020 performance, Reuters reports. “Our fiscal 2020 performance is being negatively affected...
  • BYD has opened an electric bus assembly plant in Canada, aiming to meet the demands of municipal authorities in the country for zero-emission public transit. Photo: Bloomberg

    China’s BYD opens Canada electric bus facility

    Jun 26, 2019 9:45am
    Chinese electric-vehicle maker BYD has announced that it opened its first plant in Canada, which will initially focus on assembling buses for the Toronto public transport agency, Reuters reports. The 45,000-square-foot facility, based in Ontario, will...
  • Delta Air Lines is expanding its partnership with Korean Air amid plans to boost the US carrier's Asia business. Photo: Reuters

    Delta buys stake in Korean Air in bid to expand in Asia

    Jun 21, 2019 8:51am
    Delta Air Lines said on Thursday that it had acquired a 4.3 percent stake in Korean Air Lines’ parent company with a view toward expanding across Asia. The No. 2 US carrier said it intends to...
  • The US Trade Representative rejected  requests to exempt Tesla’s Model 3 car computer and center screen, saying they both concern “a product strategically important or related to ‘Made in China 2025’". Photo: Bloomberg

    US denies Tesla, GM, Uber bids for Chinese tariff relief

    Jun 14, 2019 10:17am
    The administration of US President Donald Trump is expanding efforts to block the use of Chinese technology in advanced vehicles, denying additional requests by Tesla Inc. for tariff relief on key components of its electric vehicles,...
  • The joint venture will have an annual production capacity of 10 GWh by the end of 2021, and its products will be supplied to Geely’s electric vehicles from 2022. Photo: Reuters

    South Korea’s LG Chem to team up with Geely on EV batteries

    Jun 13, 2019 9:08am
    South Korean battery maker LG Chem Ltd. said on Thursday it has signed an agreement to set up a joint venture with China’s Geely Automobile Holdings Ltd. (00175.HK) to produce batteries for electric vehicles, Reuters reports. The...

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