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Analysis:Toyota and Honda may get stuck with the bill for Trump’s Canada tariffs
1+ hour, 53+ min ago (634+ words) TOKYO, Aug 31: U.S. President Donald Trump is targeting Ottawa with a proposed 50 per cent tariff on Canadian car imports — but Japan's Toyota and Honda may end up footing the bill. The two Japanese automakers account for more than three-quarters of all…...
Airbnb hits four-year high as investors cheer revenue forecast raise, AI payoff
3+ week, 2+ day ago (394+ words) Airbnb logo and rising stock graph are seen in this illustration taken August 5, 2025. REUTERS/Dado Ruvic/Illustration Aug 7: Airbnb shares surged 14 per cent to a more-than-four-year high on Friday as the vacation-rental firm's raised annual revenue forecast eased worries over…...
Kia to invest $649 million to bring electric car production to Mexico
1+ mon, 1+ day ago (265+ words) The logo of Kia Motor is seen on its vehicle at the 2025 Seoul Mobility Show in Goyang, South Korea, April 3, 2025. REUTERS/Kim Hong-Ji MEXICO CITY, July 29: South Korea's Kia will produce and sell fully electric vehicles in Mexico, managing director…...
Porsche to axe one in five jobs by 2035 as China, EV woes bite
1+ mon, 3+ day ago (375+ words) BERLIN: German luxury carmaker Porsche will cut around one in five jobs by 2035, with 9,000 positions to be axed in total, as parent Volkswagen and its brands restructure in the face of weak demand and stiff competition. In a deal announced…...
Volkswagen in talks with Chinese partner on Spanish battery plant, trade outlet reports
1+ mon, 3+ day ago (195+ words) BERLIN, July 27: Volkswagen and its partner Gotion are in advanced talks about a possible stake for the Chinese company in the German carmaker's battery plant in Valencia, Spanish trade publication La Tribuna de Automocion reported on Monday. The process has…...
Thailand works on $700 million EV plan to replace 80,000 vehicles
1+ mon, 1+ week ago (684+ words) BANGKOK, July 23: Thailand is reviewing a 24 billion baht ($714 million) plan to help replace up to 80,000 ageing transport vehicles with EVs and evaluating whether it should be extended to cover all electric vehicle purchases as part of its energy-transition efforts. The…...
German leader not opposed to Chinese taking over car plants
1+ mon, 2+ week ago (420+ words) "The individual companies have to decide whether they want this or not," says Chancellor Friedrich Merz. BERLIN: Chancellor Friedrich Merz signalled on Wednesday (Jul 15) he was not opposed to Chinese carmakers taking over struggling German auto plants but cautioned it…...
Thailand approves $210 million Mazda-Ford AutoAlliance investment
2+ mon, 1+ hour ago (103+ words) CNA Thailand approves $210 million Mazda-Ford AutoAlliance investment BANGKOK, July 1: Thailand's investment board approved a 7 billion baht ($210 million) investment from the Mazda-Ford AutoAlliance joint venture, it said on Wednesday. Mazda's investment will improve its production line by using automation and robotics…...
Category A COE overtakes Category B for third time in 2026, premiums mostly down
2+ mon, 1+ week ago (223+ words) This marks the third exercise this year in which Category A premiums have exceeded those of Category B. SINGAPORE: Certificate of Entitlement (COE) premiums closed lower in the latest bidding exercise on Wednesday (Jun 17), with Category A premiums priced higher than…...
5 common travel payment problems – and how one app can help
2+ mon, 3+ week ago (763+ words) The OCBC app helps travellers pay like a local overseas, reducing many of the usual hassles of spending abroad. Even the best-planned trips can hit a snag when payments do not go as expected. From QR code-only night market stalls…...