Transport
In the last financial year, Toyota Motor, Japan's leading carmaker, recorded an impressive rise in net profit, which almost doubled to a record 4.94 trillion yen, equivalent to about 742 billion kronor. This remarkable increase in profits was supported by several factors, including strong demand for vehicles following the end of the covid-19 pan...
Heavy rains hit the United Arab Emirates earlier this week, resulting in flooding in the desert city of Dubai and major highways. Even air traffic has been diverted, and the rains have claimed their first casualty. The UAE government describes the rain as the worst in 75 years. In Dubai, 14.2 cm of rain fell in a single night and evening, the...
In the Czech Republic, the automotive industry is unusually quiet ahead of the coming storm. Domestic car manufacturers, especially Škoda Auto, are still continuing productive production and sales, which has important implications for many other companies operating as subcontractors. However, there is already competition abroad that is planning ...
The stock value of Uber, the alternative taxi company, has reached an all-time high. After posting a net profit for the first time since going public in 2019, the company announced a $7 billion share buyback plan. After the coronavirus crisis subsided and employees returned to work, Uber began to thrive again. Last year, it posted black numbe...
Deliveries of the Tesla Cybertruck electric pick-up truck have only recently begun, but rumours have already started to circulate about possible corrosion on its unique bodywork. Even though the Tesla automaker introduced the Cybertruck back in 2019, deliveries to American customers didn't begin until November of last year. However, it's no secr...
The rapid rise of Chinese fast fashion e-tailers such as Shein and Temu is turning the world's air freight industry on its head. E-shops are competing for limited air freight space to meet consumer demands for the fastest possible delivery of goods from factories in China. Citing more than a dozen industry sources, Reuters reported on Wednesday....
