15 November 2019


  • Boeing has tweaked its production strategy in relation to the fuselage sections for the 777 jetliners. Photo: Reuters

    Boeing brings back humans after 777 assembly automation issues

    Nov 15, 2019 9:38am
    Boeing has scaled back use of automation to make fuselage sections for its 777 jetliners amid reports of reliability issues and returned to having mechanics do some of the work, Reuters reports. The company began to...
  • Cathay Pacific expects second-half profit to be “significantly below” the first half’s HK$1.347 billion (US$172.04 million). Photo: Bloomberg

    Cathay Pacific cuts profit guidance again amid protests

    Nov 13, 2019 5:35pm
    Cathay Pacific Airways Ltd. (00293.HK) on Wednesday said the short-term outlook remained “challenging and uncertain” due to anti-government protests in its home market as it lowered its profit guidance for the second time in less than...
  • Boeing expects to receive approval for ungrounding of its 737 MAX aircraft next month, paving way for resumption of commercial flights. Photo: Reuters

    Boeing expects 737 MAX to resume commercial flights in Jan

    Nov 12, 2019 8:50am
    Boeing said on Monday that it expects US regulators to approve the return to commercial service of the grounded 737 MAX jet in the coming weeks, Reuters reports. The company believes the US Federal Aviation Administration...
  • Maxim's Caterers and Cathay Pacific reel from the impact of the ongoing unrest in Hong Kong. Photo: Bloomberg/AFP

    HK turmoil takes its toll on Jardine and Swire

    - Nov 8, 2019 11:19am
    At least two of Hong Kong’s leading conglomerates are reeling from the impact of the raging political conflagration that broke out five months ago. There’s Jardine Matheson’s Dairy Farm International, which has a 50 percent stake...
  • The Uber vehicle had failed to properly identify the woman as a pedestrian crossing a street, the NTSB said. Photo: Bloomberg

    US agency probing fatal crash says Uber software had flaws

    Nov 6, 2019 9:53am
    An Uber self-driving test vehicle that struck and killed an Arizona woman in 2018 had software flaws, the US National Transportation Safety Board said as it disclosed the company’s autonomous test vehicles were involved in 37...
  • Lyft has seen its stock lose about 40 percent of its value since the company’s initial public offering in March. Photo: AFP

    Rakuten sees US$947 million loss from Lyft investment in Q3

    Nov 5, 2019 2:26pm
    Japan’s Rakuten Inc. said on Tuesday it expects to take a 103 billion yen (US$947 million) loss in the latest quarter on its investment in US ride-hailing firm Lyft Inc., Reuters reports. The e-retailer, whose billionaire...
  • Gojek and other motorcycle-hailing firms will start operating based on a proof-of-concept basis to measure demand for the service over six months. Photo: Reuters

    Gojek, other bike-hailing firms to start test runs in Malaysia

    Nov 5, 2019 9:37am
    Malaysia will allow motorcycle-hailing firms such as Indonesia’s Gojek and local startup Dego Ride to start operations on a limited scale from January 2020, Reuters reports, citing the country’s transport minister.  Gojek – whose backers include...
  • Uber promised to be profitable by the end of 2021 as quarterly revenue beat expectations. Photo: Bloomberg

    Uber shares plunge after loss widens on rising costs

    Nov 5, 2019 8:39am
    Uber Technologies Inc. posted a wider third-quarter loss as costs soared at the ride-hailing company, sending its shares down 4.4 percent in after-hours trading, Reuters reports. But the company promised it would be profitable by the...
  • Industry will have to participate in the German government’s effort to speed up shift to low-emission vehicles, Angela Merkel says. Photo: Reuters

    Germany aims for 1 mln electric car charging points by 2030

    Nov 4, 2019 9:37am
    Germany should have one million charging stations for electric cars by 2030, Chancellor Angela Merkel said in a video message on Sunday, ahead of meetings on Monday with the car industry on how to speed the...
  • A merger deal will help FCA get access to PSA’s more modern vehicle platforms, helping it to meet tough new emissions rules. Photo: Reuters

    Fiat Chrysler, PSA agree merger to create world’s No. 4 carmaker

    Oct 31, 2019 7:11pm
    Fiat Chrysler Automobiles (FCA) and Peugeot owner Groupe PSA plan to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, Reuters reports. The companies were quoted as saying on Thursday that they...
  • Tesla said US sales plunged 39 percent in the third quarter, after rising 55 percent in the three months to June. Photo: AFP

    Tesla sales tumble in US, surge in China, other regions

    Oct 30, 2019 9:26am
    Tesla Inc.’s third-quarter revenue tumbled 39 percent in the United States, its first drop in more than two years, but sales in China and other regions surged, Reuters reports. US sales, which account for the biggest...
  • Sir Richard Branson rings the bell on the floor of the New York Stock Exchange as Virgin Galactic shares began trading in New York on Monday. With him is future Virgin Galactic space traveler Jennifer Rallison from Canada. Photo: Reuters

    Virgin Galactic soars before crashing to earth in NYSE debut

    Oct 29, 2019 9:14am
    Richard Branson-backed Virgin Galactic Holdings Inc. fetched a valuation of around US$2.3 billion on its market debut on Monday, after shares in the first publicly traded space tourism company popped before fizzling out. The listing for...
  • United Auto Workers members dismantle a tent after ending their strike outside a General Motors assembly plant in Detroit, Michigan on Friday. Photo: AFP

    UAW turns to Ford after GM workers approve new contract

    Oct 28, 2019 8:29am
    The United Auto Workers union said it has chosen Ford Motor Co. as the next US automaker the union will negotiate with after workers at General Motors Co. approved a new contract deal, Reuters reports. The...
  • A file picture shows Carlos Ghosn, former chairman of Nissan Motor, walking towards a vehicle as he leaves his lawyer's office in Tokyo earlier this year. Photo: Bloomberg

    Former Nissan chief Carlos Ghosn seeks dismissal of charges

    Oct 24, 2019 11:45am
    Carlos Ghosn’s lawyers have asked the Tokyo District Court to dismiss all charges against the former Nissan Motor chairman, saying prosecutors colluded with government officials and Nissan executives to oust him from his post, Reuters reports....
  • Tesla CEO Elon Musk said operating costs were the lowest since Model 3 production started. Photo: Bloomberg

    Tesla surprises with quarterly profit; shares soar 21%

    Oct 24, 2019 10:07am
    Tesla Inc. surprised investors with a quarterly profit that sent its shares soaring as chief executive Elon Musk promised a 2020 rollout of a cheaper SUV and more self-driving technology, Reuters reports. Shares rose nearly 21...
  • Striking United Auto Workers members rally in front of General Motors World headquarters in Detroit on Thursday. Photo: Reuters

    GM strike will continue while union members vote on new contract

    Oct 18, 2019 8:02am
    The United Auto Workers (UAW) union said workers at General Motors Co. will stay off the job while they vote on a proposed contract that delivers higher pay for full-time workers and better terms for temporary...
  • Tesla plans to produce at least 1,000 Model 3 units a week from its Shanghai factory by the end of this year. Photo: Reuters

    Tesla gets approval to start manufacturing in China

    Oct 17, 2019 3:43pm
    Tesla Inc. has been added to a list of approved automotive manufacturers published by China’s Ministry of Industry and Information Technology, allowing the company to start production in the country, Reuters reports. The electric-vehicle maker’s inclusion in the...
  • A prototype of Toyota’s second-generation Mirai fuel-cell car is displayed at a media briefing in Tokyo. Photo: Reuters

    Toyota unveils revamped hydrogen sedan

    Oct 11, 2019 9:40am
    Toyota Motor unveiled a completely redesigned hydrogen-powered fuel cell sedan on Friday in its latest attempt to revive demand for the niche technology that it hopes will become mainstream, Reuters reports. Ahead of the Tokyo Motor...
  • The Boeing 737 NG planes found with structural cracks will be grounded until the repairs are made. Photo: Reuters

    Cracks found on 38 of 810 Boeing 737 NG jets inspected globally

    Oct 11, 2019 9:33am
    Boeing Co. said airlines had inspected 810 of the company’s 737 NG jets around the world and found 38 structural cracks requiring repair and replacement of the affected parts, Reuters reports. The planes will be grounded...
  • AirAsia's Philippine unit now expects to go public only sometime between the third quarter of next year and the first quarter of 2021. Photo: Bloomberg

    Philippines AirAsia delays IPO to 2020 or 2021

    Oct 9, 2019 4:29pm
    The Philippine unit of AirAsia is postponing its initial public offering (IPO) to next year or 2021 as it focuses on corporate reorganization and seeking funds from existing shareholders, Reuters reports. “According to our estimated timeline,...