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BUSINESS

Asian trade subdued as economic outlook weakens

Business, Published on 13/05/2023

» RECAP: Most Asian share markets were subdued on Friday and the dollar held onto its gains from safe-haven flows, after soft economic data from the US and China fuelled concerns about a global slowdown.

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BUSINESS

GM's Cruise Seeks Regulatory OK to Test Shuttle With No Steering Wheel

Business, Published on 03/12/2022

» General Motors Co.'s driverless-car unit has requested approval from California regulators to begin public testing of a shuttle that has no steering wheel or manual controls, showing the auto maker's determination to make progress on autonomous vehicles as rivals step back.

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BUSINESS

3 ways to advance the EV industry in 1 year

Asia focus, Published on 11/07/2022

» The verdict is in: the future is electric. Global electric vehicle (EV) sales are projected to soar to 31.2 million units by 2030, compared with 2.5 million in 2020, according to the consultancy Deloitte. It sees EVs making up 32% of all motor vehicle sales by 2030, and other industry analysts estimate that by 2040, electric cars will outsell internal-combustion engine (ICE) models.

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BUSINESS

Luxury Car Makers Drive Formula One to Survive

Business, Published on 27/06/2022

» Formula One motor racing might be just the kind of noisy marketing tool luxury car makers need in the hush of the electric era.