On Tuesday, the CEO of Singapore-based tech giant Grab announced that it would dismiss around 1,000 workers or about 11% of its staff.
Before becoming the largest ride-hailing company in Southeast Asia and branching into financial services like digital payments, Grab started in 2012 as a taxi booking app in Malaysia.
By the end of this year, the business hopes to break even after decreasing its losses.
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Japanese automaker Suzuki Motor Corp announced that it had reached an agreement with SkyDrive Inc to make “flying cars”.
Electric vertical take-off and landing (eVTOL) aircraft will be manufactured by the businesses at a Suzuki Group facility in central Japan. Manufacturing is expected to start somewhere in June next year.
According to the automaker, SkyDrive will set up a fully-owned subsidiary to manufacture the aircraft, while Suzuki will assist with setting up the factory, including acquiring talent.
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Volkswagen CEO Thomas Schäfer claims the widely condemned addition of touch-sensitive controls (haptic buttons) to his brand’s models “definitely did a lot of damage” and he has vowed to introduce more straightforward, useful interiors in all upcoming vehicles.
The next-generation Tiguan will be the first model to benefit from the updated layout.
The interior of the new Tiguan, which was fully unveiled in pre-production form without any camouflage, has reportedly received significant attention from Volkswagen. The huge 15-inch touchscreen infotainment system, which projects somewhat conspicuously from the dashboard, is the vehicle’s most notable feature. The whole digital cockpit experience is enhanced by a head-up display and a smaller digital instrument cluster.
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Lamborghini and Audi have been in bed under the Volkswagen Group for what seems like eons now. And part of the benefits of that relationship is spreading out costs for model development because investing a lot of money in a niche product entails taking a lot of financial risks.
The first and second-generation R8 models shared the same underpinnings with the Gallardo and Huracan. But Ingolstadt has now made it clear that there won’t be a third, while Sant’Agata has declared that a brand-new baby Lambo will make its debut in 2024.
After many successful years, the Huracan replacement will be an all-Lamborghini endeavor, according to Asia-Pacific area director Francesco Scardaoni. So where did all that money needed for an all-new model development come from? The success of the Urus of course. The Urus is to Lamborghini what the Cayenne is to Porsche, both are savior models.
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A 500-aircraft order valued at US$50 billion for the Airbus A320 Family has been confirmed by IndiGo, the largest airline in India by market share. With this world-record single purchase agreement, IndiGo has placed 1,330 orders with Airbus, making it the largest A320 customer in the world.
The historic purchase contract was sealed at the 2023 Paris Air Show.
One of the carriers with the fastest global growth is IndiGo. With 264 operating A320neo Family aircraft since the first one was delivered in March 2016, it now has one of the largest fleets in the world. In 2005, IndiGo placed its first order with Airbus. Since then, it has placed more orders, bringing its total order book to 830 A320 Family planes.
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According to recent reports, there has been a dramatic increase in the number of catalytic converter thefts and the most targeted automaker is Toyota.
Well, first of all, what is a catalytic converter? The catalytic converter is part of the car’s emissions control system. It cleans up the exhaust gases before they are expelled from the car through the exhaust pipe. Its internal elements react with the gases, breaking them down into less harmful substances and water vapour. All cars sold in Europe since 1993 have had to be fitted with catalytic converters by law.
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