Tesla CEO Elon Musk’s total compensation for 2020 was nil, compared to $23 760 in 2019. However, finance chief Zachary Kirkhorn’s total compensation was $46.6-million.
Browsing: Motoring and transport
The Competition Tribunal has given the green light for JSE-listed Transaction Capital to buy a controlling 74.9% stake in South African online car marketplace WeBuyCars. No conditions were attached.
Bolt Technology, which competes with Uber Technologies in Africa and Europe, doubled its valuation to €4-billion after raising money to finance a grocery delivery service.
Mango Airlines temporarily suspended all flights and services on Tuesday until further notice due to outstanding payments to Air Traffic Navigation Services, acting CEO William Ndlovu said.
South African Airways subsidiary Mango Airlines will enter into business rescue, SAA’s interim CEO, Thomas Kgokolo, told the eNCA television news channel on Monday.
Mercedes-Benz plans to invest more than €40-billion by 2030 to be ready to take on Tesla in an all-electric car market, but warned the shift in technology would lead to job cuts.
New data released by Netstar, the vehicle tracking and recovery firm owned by JSE-listed Altron, has shows clearly the massive impact of last week’s riots on South Africa’s trucking industry.
Expectations are again being created that a final decision on the future of e-tolls on the Gauteng Freeway Improvement Project is imminent. We’ve been here before.
Jeff Bezos, the world’s richest person, on Tuesday is set to blast off aboard his company Blue Origin’s New Shepard launch vehicle for a suborbital flight as part of a history-making crew. Watch the launch live-stream video here.
British luxury car maker Jaguar Land Rover warned a global semiconductor shortage is worsening and deliveries in the second quarter will be 50% worse than initially thought.