Uber acquiring Dubai-based rival Careem for $3.1 billion
Drive-hailing giant Uber will acquire rival Dubai-based rival Careem in a $3.1 billion cash-and-share deal.
The announcement comes ahead of Uber's plans for an initial...
Ford announces investment to accelerate electric car production
Ford announced that it is boosting production of all-electric vehicles at its Flat Rock Assembly plant in southeast Michigan as part of a $900...
New self-contained wheel unit could reduce vehicle costs
A new, sophisticated, self-contained wheel unit could reduce vehicle costs, say researchers at the University of Waterloo. The new unit combines a wheel and...
Volvo capping top speed of its vehicles to 112mph from 2020
Volvo is making it abundantly clear that vehicle safety is one of its main priorities.
The Swedish automaker announced that it will cap the...
Jaguar Land Rover preparing to announce UK investment, says report
Jaguar Land Rover is reportedly preparing to announce an investment of hundreds of millions of pounds in the UK as part of a strategy...
Tesla launches long-awaited $35,000 Model 3
Tesla is finally rolling out a more affordable $35,000 version of its Model 3 electric sedan.
Tesla’s cheapest Model 3 variant comes three years after...
Volvo’s Polestar unveils all-electric Polestar 2, competitor to Tesla Model 3
Volvo’s performance brand Polestar unveiled a new electric vehicle on Wednesday set to rival Tesla’s popular Model 3.
The “Polestar 2” is a premium...
BMW and Daimler announce €1 billion mobility partnership
BMW Group and Daimler AG have announced a €1 billion partnership in jointly developing car-sharing, ride-sharing, parking, charging and multimodal transport services.
The German automakers,...
Ford to exit commercial heavy truck business in South America
Ford confirmed that it will exit the commercial heavy truck business in South America.
Production will cease at the automaker’s Sao Bernardo do Campo...
Honda set to close its UK Swindon car plant, 3,500 jobs at risk
Honda is set to announce that it will close its Swindon car plant in 2022, with the potential loss of 3,500 jobs, according to...