As Covid-19 has frozen the international travel on which they once thrived, double-decker, four-engine planes like the Airbus A380 and Boeing 747 are more likely to be found in storage than soaring through the skies.
Browsing: Motoring
Toyota is set to produce its first “hybrid synergy drive” (petrol-electric) car on the African continent at its plant in Durban, as part of a R2.5-billion investment in a new production line.
BMW will offer a fully electric 5-series as part of sweeping product overhaul unveiled on Monday as the German car maker seeks to lower vehicle emissions during production and on the road.
Tesla CEO Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company’s electric cars, warning the current cost of batteries remained a big hurdle to the company’s growth.
Tesla’s rapid rise to become the world’s most valuable car maker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software.
Bolt, the company formerly known as Taxify, has launched a lower-cost ride-hailing service that it claims is the cheapest in South Africa.
South Africa is considering an independent board for its ailing national airline, with a shareholder structure similar to that of part state-owned telecoms firm Telkom, a senior government minister said.
It was sold as an all-or-nothing moonshot into space, the boldest pay package in corporate history. Now, with Tesla’s stock on a seemingly unstoppable rise, Elon Musk is poised to collect $2.4-billion.
Tesla’s eye-popping run has left stock prognosticators in the dust, brought smaller imitators along for the ride and triggered a race by entrants new and old to cash in.
Shares of Tesla ended down 3.1% on Monday, tapping the brakes on a rally that has boosted the electric car maker’s stock by over 40% in two weeks.