Date
24 April 2019

Transportation

  • A majority of analysts covering Lyft have recommended buying the stock, saying they are confident of the ride-hailing services firm's long-term prospects. Photo: Reuters

    Lyft’s IPO banks give troubled stock a flurry of ‘buy’ ratings

    Apr 24, 2019 9:26am
    Lyft received some badly needed support on Tuesday, as analysts at banks that had worked on its IPO urged clients to buy the ride-hailing firm’s beleaguered shares, Reuters reports. Following the required 25-day wait for deal...
  • Tesla has been working on a self-driving chip since 2016. Photo: AFP

    Tesla says robotaxis coming to US roads next year

    Apr 23, 2019 8:26am
    Chief Executive Elon Musk said Tesla Inc’s robotaxis with no human drivers would be available in some US markets next year, Reuters reports. “Probably two years from now we’ll make a car with no steering wheels...
  • Apple’s interest in next-generation lidar sensors comes as the company has stepped up road testing of autonomous vehicles. Photo: Reuters

    Apple in talks over next-gen sensors for autonomous cars: report

    Apr 18, 2019 9:16am
    Apple has held talks with at least four companies as possible suppliers for next-generation lidar sensors in self-driving cars, evaluating the companies’ technology while also still working on its own lidar unit, Reuters reports, citing people...
  • I was thinking of Yung Kee roast goose while finishing a cup of instant noodles on my flight to Toronto. Photo: AFP/Yung Kee

    I may have to bring Yung Kee goose on my next CX flight

    - Apr 17, 2019 3:22pm
    Someone advised me to bring some snacks on my flight to Toronto last week. “Come on, I’m taking Cathay Pacific, not Hong Kong Express,” I replied, dismissing his friendly reminder. I was terribly wrong. When I woke...
  • The fully electric SUV is the latest move in Volkswagen’s aggressive growth strategy in China. Photo: Reuters

    VW to take on Tesla X in China from 2021 with electric SUV

    Apr 15, 2019 8:47am
    Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla’s Model X as the German carmaker ramps up production of zero-emissions vehicles, Reuters reports....
  • Lyft has responded to complaints from users of its bike-share program about stronger than expected braking force on the front wheel of some electric bikes. Photo: Reuters

    Lyft pulls electric bikes in 3 US cities on braking complaints

    Apr 15, 2019 8:45am
    Lyft is removing several thousand electric bikes from service in its bike-share program in New York, Washington and San Francisco because of a braking problem, Reuters reports. “We recently received a small number of reports from...
  • Tesla customers in the United States will be able to lease any Model 3 variant, but they will not have the option to buy the car at the end of the lease. Photo: AFP

    Tesla begins offering leases for Model 3

    Apr 12, 2019 12:04pm
    Tesla Inc has started leasing out its Model 3 sedan in the United States, in a financing option that would increase the electric car maker’s customer base, Reuters reports. Tesla said its customers in the US...
  • Uber had 91 million users but lost US$3.03 billion in 2018 from operations. Photo: Reuters

    Uber unveils IPO with warning it may never make a profit

    Apr 12, 2019 8:35am
    Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said in its initial public offering filing, Reuters reports. The document gave the first comprehensive...
  • Lyft will release its financial results for the first fiscal quarter ended March 31 after the market closes on May 7. Photo: AFP

    Lyft shares hit new low amid Uber IPO chatter

    Apr 11, 2019 8:59am
    Shares of recently listed Lyft Inc fell to a fresh low and closed down almost 11 percent on Wednesday on news that rival Uber Technologies Inc was close to filing its own initial public offering, Reuters...
  • Uber is reportedly seeking a valuation of between US$90 billion and US$100 billion, influenced by the poor performance of smaller rival Lyft’s shares following its IPO late last month. Photo: Bloomberg

    Uber to sell about US$10 billion worth of stock in IPO: report

    Apr 10, 2019 12:22pm
    Uber Technologies Inc has decided it will seek to sell around US$10 billion worth of stock in its initial public offering, Reuters reports, citing people familiar with the matter. An IPO of this size would make...
  • Raquel Urtasun, chief scientist at Uber Advanced Technologies Group, speaks at a Reuters Newsmaker event in New York City on Monday. Photo: Reuters

    Uber says some time before self-driving cars dominate roads

    Apr 9, 2019 8:16am
    Uber Technologies Inc believes it will take a long time for self-driving cars to be used at scale but the technology will save lives, the chief scientist at its self-driving car unit said. Raquel Urtasun, who...
  • Grab chief executive Anthony Tan said the ride-hailing firm has no need for a stock market listing. Photo: Bloomberg

    Grab targets another US$2 billion funding this year, says CEO

    Apr 8, 2019 2:32pm
    Grab aims to raise another US$2 billion this year as it ramps up expansion, its chief executive said, just weeks after announcing over US$4.5 billion of funding in what has become Southeast Asia’s largest round of...
  • Former Nissan Motor chairman Carlos Ghosn leaves his lawyer's office in Tokyo last Wednesday. Photo: Kyodo via Reuters

    Nissan shareholders sever last ties with ousted Ghosn

    Apr 8, 2019 12:50pm
    Nissan Motor shareholders ousted erstwhile boss Carlos Ghosn as a director on Monday, severing his last ties with the company he rescued from near-bankruptcy two decades ago and from which he is now accused of siphoning...
  • Cho Yang-ho's death has raised hopes that Korean Air would be run differently under new management or a younger generation of the Cho family.  Photo: Reuters

    Korean Air chairman Cho Yang-ho dies at 70

    Apr 8, 2019 9:37am
    Korean Air patriarch, chairman and CEO Cho Yang-ho died of a chronic illness on Monday, the airline said, raising hopes for leadership renewal just weeks after investors removed him from the board in a victory for...
  • Fiat Chrysler has inked a deal that will allow it to offset carbon dioxide emissions from its cars against Tesla vehicles. Photo: Reuters

    Fiat to pool with Tesla in bid to avoid EU fines

    Apr 8, 2019 9:20am
    Fiat Chrysler Automobiles (FCA) has agreed to pay electric carmaker Tesla hundreds of millions of euros to allow Tesla vehicles to be counted in its fleet to avoid fines for violating new European Union emission rules,...
  • Police officers walk past the debris of the Ethiopian Airlines Flight ET 302 plane crash, near Addis Ababa on March 12. Photo: Reuters

    The final minutes of Ethiopian Airlines Flight 302

    Apr 8, 2019 7:17am
    Minutes after take-off, the pilots of an Ethiopian Airlines 737 MAX were caught in a bad situation. A key sensor had been wrecked, possibly by a bird strike. As soon as they retracted the landing gear,...
  • Ford China, led by Anning Chen, aims to step up product launches in a bid to revive sales in the key market. Photo: Reuters

    Ford to launch more than 30 new models in China over 3 years

    Apr 4, 2019 9:53am
    Ford Motor plans to launch more than 30 new models in China over the next three years of which over a third will be electric vehicles, Reuters reports. The new plans are aimed to “enable us...
  • A van believed to be carrying former Nissan Motor chief Carlos Ghosn leaves his residence in Tokyo in this picture taken on Thursday. Photo: Kyodo via Reuters

    Japanese prosecutors rearrest ex-Nissan boss Ghosn

    Apr 4, 2019 9:35am
    Japanese authorities arrested ousted Nissan Motor boss Carlos Ghosn for a fourth time on Thursday, amid reports that they were building a new case against him over payments made to a dealer in Oman. Prosecutors arrested...
  • Airplane engine parts are seen at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, in this file picture from March 11. Photo: Reuters

    Ethiopia set to release report on deadly Boeing crash

    Apr 4, 2019 9:14am
    Investigators will on Thursday release a report on last month’s crash of an Ethiopian Airlines jet, giving the first official clues on the Boeing 737 Max disaster that killed 157 people, Reuters reports. A spokesman for...
  • Cathay Pacific has agreed to pay HK$4.93 billion (US$628 million) to take over low-cost carrier Hong Kong Express. Photo: Reuters

    Premium brands take up challenge to reach out to more customers

    - Apr 2, 2019 12:25pm
    Some might have noticed a shop under renovation with the Four Seasons logo in downtown Central. The bakery occupies a street-level storefront at Pacific House in the heart of the business district. It’s actually part of...

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