23 February 2018


  • Dara Khosrowshahi, who is on his first official visit to Asia since taking Uber’s reins last year, speaks with the media in New Delhi on Thursday. Photo: Reuters

    Uber to continue investing aggressively in SE Asia: CEO

    Feb 23, 2018 9:17am
    Uber Technologies plans to continue investing aggressively in Southeast Asia even though the ride-hailing company expects to lose money in the market for some time amid intense competition. “We expect to lose money in Southeast Asia...
  • Grab says it has a 95 percent share of the taxi-hailing market in Southeast Asia. Photo: Bloomberg

    Uber wants to sell Southeast Asia business to Grab: CNBC

    Feb 20, 2018 8:41am
      Ride-hailing giant Uber Technologies is preparing to sell its Southeast Asia business to Singapore-based Grab in exchange for a substantial stake in the company, CNBC reported, citing two sources familiar with the matter. No deal...
  • A Google self-driving car navigates the streets of Washington, D.C. The "summit" seeks to identify “unnecessary regulatory barriers” to the rollout of autonomous cars in the United States. Photo: AFP

    US ‘summit’ set to remove roadblocks to autonomous cars

    Feb 12, 2018 9:18am
    The US Department of Transportation has called a conference on March 1 among auto manufacturers, technology companies, road safety advocates and policymakers to discuss measures to speed up the rollout of autonomous cars in the country, Reuters reports....
  • Former Uber CEO Travis Kalanick leaves a San Francisco court on Feb. 7 during a Waymo-Uber autonomous car secrets trial. The case came to an abrupt close following a settlement between the two firms. Photo: Reuters

    Uber settles Waymo lawsuit over self-driving car tech

    Feb 12, 2018 9:08am
    Uber Technologies will give equity stake worth US$245 million to Alphabet’s self-driving vehicle unit Waymo to settle a legal dispute over trade secrets, according to an announcement Friday.  “While we do not believe that any trade...
  • Tesla’s long-term viability depends on annually selling billions of dollars worth of Model 3 units. Photo: AFP/Bloomberg

    Tesla posts worst-ever quarterly loss, maintains Model 3 target

    Feb 8, 2018 8:59am
    Tesla Inc. said it is sticking with chief executive Elon Musk’s revised production targets for its Model 3 electric sedan after posting its worst-ever quarterly loss, and warned that spending will increase slightly this year, Reuters...
  • Former Uber CEO Travis Kalanick agreed that Google is the industry leader for self-driving cars. Photo: Bloomberg

    Uber trailed in self-driving cars, Kalanick tells court

    Feb 7, 2018 9:20am
    Former Uber chief executive officer Travis Kalanick testified at trial that he believed Uber was lagging in self-driving car development and came up with a plan to hire a star engineer from rival Waymo to catch...
  • BNSF Railway, a unit of Warren Buffett’s conglomerate Berkshire Hathaway, said it will work with other members of a transport alliance to decide how data should be used in the freight transportation blockchain. Photo: Bloomberg

    Buffett’s BNSF railroad eyes blockchain for shipping freight

    Feb 6, 2018 9:10am
    BNSF Railway Co., a unit of Warren Buffett’s conglomerate Berkshire Hathaway Inc., said it has become the first major US railroad to join the Blockchain in Transport Alliance. The alliance is a group of more than...
  • Xiaopeng He, chairman of Xiaopeng Motors, stands with the company's newest sport-utility vehicle, the G3. Photo: Xiaopeng Motors

    Alibaba, Foxconn in US$350 mln funding round for EV maker Xpeng

    Jan 29, 2018 4:37pm
    Chinese electric-vehicle manufacturer Xiaopeng Motors is closing a 2.2 billion yuan (US$350 million) funding round led by Alibaba Group, Foxconn Technology Group and IDG Capital, according to an announcement Monday. Other investors include Yunfeng Capital, China...
  • Tesla expects to reach its goal of making about 5,000 Model 3 units per week by the end of the second quarter. Photo: Bloomberg

    Tesla vows no more delays, quality issues for Model 3

    Jan 26, 2018 8:29am
    Tesla Inc. says it is on track to achieve its production targets for the Model 3, squashing a report of further delays and quality issues for its latest and most affordable sedan. “To be absolutely clear,...
  • Tesla CEO Elon Musk could earn as much as US$55.8 billion in company stock and own more than a quarter of the electric car firm in the next decade if he hits all the targets in a new pay plan. Photo: Bloomberg

    Tesla plans massive stock rewards for Musk

    Jan 24, 2018 8:49am
    Tesla Inc.’s chief executive officer Elon Musk could earn as much as US$55.8 billion in company stock and own more than a quarter of the electric car firm in the next decade if he hits all...
  • A.P. Moller-Maersk said the trading platform will be made available to the ocean shipping industry by the middle of this year. Photo: Bloomberg

    Maersk, IBM to launch blockchain-based platform for global trade

    Jan 17, 2018 8:46am
    The world’s largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars. Success of the platform, which will...
  • Bill Ford, executive chairman of Ford Motor, speaks at an event at the North American International Auto Show in Detroit on Sunday. Photo: Reuters

    Ford to step up EV investment to US$11 bln by 2022

    Jan 15, 2018 8:25am
    Ford Motor Company now plans to invest as much as US$11 billion on electric vehicles by 2022, a huge jump from an earlier announced target of US$4.5 billion spending on such initiatives by 2020. The investments will...
  • China Southern Airlines is likely to be the biggest beneficiary of the price liberalization as it has the largest domestic market share. Photo: Reuters

    Chinese airlines soar after regulator liberalizes fees

    Jan 8, 2018 3:55pm
    Chinese airlines will be able to set their own prices on more than 300 routes after the aviation regulator further liberalized fees in a major step to reform the world’s fastest-growing civil aviation market, Reuters reports....
  • Mobike, whose backers include Tencent and Sequoia, is branching out into the car-sharing business. Photo: Bloomberg

    FAW Car buys 10% stake in Mobike’s new car-sharing unit

    Jan 8, 2018 9:13am
    FAW Car Co. Ltd. (000800.CN) said it is taking a 10 percent stake in Chinese bicycle-sharing startup Mobike’s new car-sharing unit Mobike Chuxing Technology Co., Reuters reports. Mobike Chuxing was set up in December with registered...
  • Electric vehicles recharge at a charging station in the Oekern district of Oslo, Norway, in this picture taken on Oct. 31 last year. Norway has become the world leader in shifting out of fossil-fuel engines. Photo: Bloomberg

    Norway powers ahead in shift to electric and hybrid vehicles

    Jan 4, 2018 9:15am
    Electric and hybrid vehicles accounted for more than half of new car registrations in Norway last year, extending the Scandinavian nation’s lead in a shift out of fossil-fuel engines. According to data released on Wednesday, pure...
  • Ride-hailing platforms such as Uber offer a better alternative for passengers dissatisfied with the poor service provided by taxi operators. Photo: Reuters

    Time to open the market to ride-hailing platforms

    - Jan 3, 2018 1:01pm
    Despite their growing popularity in many countries, ride-hailing services have yet to gain official recognition from the Hong Kong government, which insists on exercising its regulatory functions in the transport industry through its licensing authority. Instead...
  • The tax exemption will run from Jan. 1, 2018 until Dec. 31, 2020 for electric, plug-in petrol-electric hybrid and fuel-cell powered vehicles. Photo: Xinhua

    China extends tax rebate for electric cars, hybrids

    Dec 28, 2017 8:10am
    China will extend a tax rebate on purchases of so-called new-energy vehicles (NEV) until the end of 2020, a boost for hybrid and electric car makers amid a shift by policy-makers away from the traditional internal...
  • Didi is said to have raised fresh funds at a valuation of US$56 billion. Photo: Bloomberg

    China ride-hailing giant Didi raises US$4 bln in fresh funding

    Dec 22, 2017 9:23am
    Didi Chuxing Technology Co., China’s largest ride-hailing services firm, has raised US$4 billion in fresh funding as it seeks to expand its business and venture into areas such as self-driving vehicles. According to the Wall Street...
  • The European Court of Justice ruled that the service provided by Uber connecting individuals with non-professional drivers is covered by services in the field of transport. Photo: Bloomberg/Reuters

    Uber dealt blow as EU court classifies it as transport service

    Dec 21, 2017 8:49am
    Uber Technologies should be classified as a transport service and regulated like other taxi operators, the European Union’s top court said in a landmark ruling that could impact other online businesses in Europe, Reuters reports. Uber,...
  • Didi Chuxing has authorized franchisee operator LEDI Technology to conduct market research and explore community partnerships in Taiwan. Photo: Bloomberg

    China’s Didi looks to break into Taiwan market

    Dec 20, 2017 8:51am
    China’s Didi Chuxing said it is looking to bring its ride-hailing service to Taiwan via a local franchise partner, potentially marking its first expansion across waters as it looks to take on US rival Uber Technologies Inc.,...

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