Nissan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and the US. The Japanese car making giant says it will cut 9,000 jobs around the world in a cost saving effort that will see its global production reduced by a fifth.
Sales of new electric vehicles (EVs) in the United States have exceeded those in Europe for the first time, with a record-breaking 344,000 vehicles sold in Q3 2024. According to data from New AutoMotive’s Global Electric Vehicle Tracker (GEVT), this achievement occurred despite aslowdown in September, which saw over 104,000 units sold in the US
Uber Technologies will roll out an AI assistant powered by OpenAI’s technology to help drivers transition to electric vehicles, as part of its efforts to lower emissions. The ride-hailing company has advocated a shift to EVs for several years and has pledged $800 million to support its driver partners’ switching entirely to EVs by 2040.
AGMC, the official distributor for RIDDARA vehicles in the UAE, has launched the RIDDARA RD6, the brand’s first fully electric 4×4 pickup. This high-performance pickup aims to offer more options in green mobility for eco-conscious drivers. The launch follows a recent agreement between AGMC and RIDDARA, a 100% electric pickup truck brand under Geely Holding
UK-based fintech Carmoola car finance, has made a major new debt deal with banking organisation NatWest, worth £100 million. The new funding will help more people find and buy cars, and as a result of this deal, Carmoola claims it expects to deliver billions of pounds worth of loan originations over the next five years.
Sharjah Roads and Transport Authority (SRTA) recently announced the operation of the first phase of environmentally-friendly electric bus rides. The SRTA has launched a number of routes including three destinations between cities, as part of enhancing the mass transportation services provided by the authority’s bus fleet, towards the gradual shift to relying on carriers that
The Philippines has introduced its first self-driving bus service, now available for public use in New Clark City, offering a glimpse into the future of transportation. The Bases Conversion and Development Authority (BCDA) said that a ribbon-cutting ceremony was held recently for the smart public transportation system that will run within New Clark City, Clark
Ford, the renowned American automaker, has expressed its intent to re-enter the Indian market by restarting operations at its Chennai, Tamil Nadu plant. This move comes as part of Ford’s strategic plan to leverage India’s manufacturing capabilities to meet the demand in global markets, marking a significant comeback after the company’s exit in 2021. Ford’s
Volkswagen is considering closing some of its German factories for the first time in its 87-year history, aiming to achieve significant cost cuts to stay competitive. This drastic measure comes as the automaker grapples with challenges, including overcapacity in its home market, lower demand for electric vehicles (EVs), and rising operational costs. CEO Oliver Blume
Logimotion 2024, set to debut at the Dubai World Trade Centre from December 10-11, 2024, has announced an exciting partnership with Hyperloop Transportation Technologies (HyperloopTT) and Aerospace Times Feiping. These two global leaders will play pivotal roles in the event’s Transportation & Mobility section, showcasing cutting-edge advancements in transportation technology. Logimotion 2024 is poised to
