Date
23 April 2017

Transportation

  • Tesla said less than 5 percent of the vehicles being recalled may be affected. Photo: HKEJ

    Tesla to recall 53,000 cars over parking brake issue

    Apr 21, 2017 9:05am
    Tesla Inc. said it will recall 53,000 of its Model S and Model X cars globally to fix a parking brake issue. Shares of the US luxury electric car maker were down nearly 1 percent at...
  • Visitors view the AeroMobil flying car at the Top Marques Monaco supercar show in Monaco on Thursday. Photo: Reuters

    Flying car costing more than US$1 million unveiled in Monaco

    Apr 21, 2017 8:54am
    A Slovakia-based company unveiled the commercial design for a flying car priced at more than US$1 million, saying it was ready for pre-orders with first deliveries expected by 2020, Reuters reports. AeroMobil said on Thursday its...
  • Malaysia Airlines is expected to start using the global aircraft tracking system next year. Photo: Reuters

    Malaysia Air to use satellite-based aircraft tracking system

    Apr 19, 2017 10:04am
    Malaysia Airlines, which lost a wide-body jet with 239 people aboard as it was flying over the Indian Ocean in 2014, has become the first airline to sign an agreement for space-based flight tracking of its...
  • Despite posting a net loss for 2016, Cathay Pacific remains financially healthy as it reported net operating cash inflow of over HK$6 billion for the year. Photo: YouTube

    Why Cathay is worth a bet for those patient enough

    - Apr 18, 2017 4:38pm
    Soured fuel hedging bets and the reported losses for 2016 have contributed to weak sentiment on Cathay Pacific Airways (00293.HK), but investors may be overlooking some of the encouraging trends going on that could lead to...
  • United's shares rose after reporting better than expected quarterly earnings. Photo: AFP

    United accused of booting out couple traveling to wedding

    Apr 18, 2017 8:10am
    An engaged couple were removed from a United Airlines flight to Costa Rica, as the airline remained under scrutiny following outrage caused by a video last week of a passenger being forcibly removed from a flight....
  • Despite public outcry against United Airlines for dragging an Asian passenger (inset) off a plane due to overbooking, the airline is unlikely to change its policy. Photo: Reuters

    How United Airlines makes more money by offering poorer service

    - Apr 13, 2017 11:43am
    United Airlines is suffering from a public relations crisis after an online video showing a passenger being violently dragged off a plane went viral. The Asian passenger with a bloody face in the viral video has...
  • Ivan Chu will become chairman of John Swire & Sons (China) Limited, the parent of Cathay's largest shareholder Swire Pacific. Photo: Bloomberg

    Cathay Pacific CEO to step down after first loss since 2008

    Apr 13, 2017 9:12am
    Cathay Pacific Airways Ltd. said Ivan Chu will step down as chief executive on May 1, and will be replaced by Rupert Hogg, the airline’s chief operating officer, as part of a wider reshuffle of its top...
  • A Tesla Model S charges at a Tesla Supercharger station in California. Tesla now has a market capitalization of  US$50.887 billion. Photo: Reuters

    Tesla becomes most valuable US carmaker, edges out GM

    Apr 11, 2017 8:19am
    Tesla Inc. on Monday became the most valuable US carmaker, hitting a market capitalization of US$50.887 billion and edging past General Motors which produces many more cars, Reuters reports. Helped by an analyst’s recommendation, the luxury...
  • For areas near big cities to develop their local  economies, ease of commute is of primary importance. Photo: China Daily

    Why transport construction plays look promising

    - Apr 7, 2017 4:48pm
    China’s first-tier cities are always attractive for migrant workers because of the job opportunities they offer. However, the large population of mega cities has put enormous pressure on public transport, housing, environment and public services, and...
  • Daimler said the autonomous system will be ready by the beginning of next decade. Photo: Bloomberg

    Daimler, Bosch team up on self-driving cars

    Apr 5, 2017 9:42am
    Mercedes-Benz owner Daimler and supplier Robert Bosch are teaming up to develop self-driving cars in an alliance aimed at accelerating the production of “robo-taxis”. The pact between the world’s largest maker of premium cars and the...
  • The cherry-red Ferrari F430 was finally sold for  US$270,000 after it left the auction block in Florida on Saturday. Photo: AFP

    Donald Trump’s Ferrari underperforms at Florida auction

    Apr 3, 2017 8:42am
    A 2007 Ferrari F430 F1 Coupe once owned by US President Donald Trump fell short of its low estimate when it left the auction block in Florida over the weekend. Bidding on the car stopped at...
  • People visit a Tesla Model S car at an auto show. Tesla expects to deliver 47,000 to 50,000 Model S and Model X vehicles combined in the first half of the year. Photo: Reuters

    Tesla global sales surge 69% to 25,000 in first quarter

    Apr 3, 2017 8:18am
    Tesla Inc., the US luxury electric car maker, said first-quarter vehicle deliveries jumped 69 percent from a year ago to a quarterly record of 25,000 vehicles, recovering from delays in the previous quarter, Reuters reports. About...
  • Ford is setting up a new R&D facility for internet-connect vehicles, with the workforce to comprise many engineers from BlackBerry. Photo: Bloomberg

    Ford hires BlackBerry engineers for research on connected cars

    Mar 31, 2017 9:03am
    Ford Motor Co. is hiring 400 engineers from BlackBerry’s mobility solutions unit to help develop internet-connected vehicles, the Wall Street Journal reports. About 100 of the BlackBerry staff will come from the firm’s office in Florida...
  • Chery said it has been using the name "eQ" for its two-door battery electric car over the past two years. Photo: Reuters

    China’s Chery files trademark complaint against Mercedes-Benz

    Mar 24, 2017 8:26am
    Chinese automaker Chery Automobile Co. Ltd. has filed a complaint with the country’s trademark regulator over Mercedes-Benz’s use of the “EQ” name for a line of green-energy vehicles. The move could pose a potential road block...
  • At the results announcement, Cathay Pacific chairman John Slosar emphasized how difficult things are and spoke of the need for economies.
Photo: Bloomberg

    Has Cathay Pacific lost its mojo?

    - Mar 17, 2017 4:14pm
    What on earth is going on at Cathay Pacific Airways? Once a much loved iconic Hong Kong company, it is now facing criticism from a growing number of its customers and is shrouded in a feeling...
  • Elon Musk outlines his plans to colonize Mars. Musk's business interests span from Tesla to solar power and space exploration.  Photo: Bloomberg

    Young Hongkongers should dream big

    - Mar 15, 2017 3:41pm
    Many people have rushed to buy Tesla’s newly released Model X before the first registration tax waiver for e-cars ends in March. Tesla chief executive Elon Musk once described Hong Kong as a “beacon city for...
  • Geely Automobile has taken its brand and technology to a new level following the acquisition of Volvo in 2010. Photo: Bloomberg

    China automakers: A report card for Jan-Feb

    Mar 14, 2017 4:13pm
    China’s vehicle sales rose 8.8 percent in the first two months of 2017 compared to the same period last year, according to the China Association of Automobile Manufacturers (CAAM). In the month of February, sales rose...
  • Following feedback from the industry, China may revise the targets for production of new energy vehicles. Photo: Bloomberg

    China may ease electric car quotas and targets: report

    Mar 14, 2017 10:55am
    China may ease proposed quotas and targets related to electric vehicles, responding to feedback from automakers which were concerned about the scale and pace of the plans, Reuters reports. Proposed changes under discussion could see a...
  • SF Holdings founder Wang Wei (right) gave out generous bonuses to staff to celebrate the company's listing. Photo: Jianshu

    What’s the secret behind SF Holding’s share surge?

    - Mar 6, 2017 11:50am
    Shares of China’s leading express delivery firm SF Holding (002352.CN) surged after its backdoor listing last month, catapulting its founder Wang Wei to number two spot on the country’s rich list. While there is no doubt...
  • Uber has admitted to deploying a program to help the firm sidestep authorities in cities where its service was banned or faced resistance. Photo: Bloomberg

    Uber used secret ‘Greyball’ tool to evade authorities

    Mar 6, 2017 8:40am
    Uber Technologies has confirmed that it used a secret tool for many years to avoid authorities in markets where its ride hailing service faced resistance or was banned. The company admitted that it deployed a program...

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