A self-driving Volvo electric truck ‘Vera’ in Berlin, Germany. Reuters
Volvo Cars on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-US trade war were denting profitability.
The accident derailed the front carriage of the train and badly damaged the truck, which burst into flames and spewed its cargo of hundreds of oranges and lemons alongside the tracks.
German automaker Daimler plans to build Mercedes Benz branded heavy trucks in China by revamping truck plants owned by its local joint venture (JV), according to a document seen by Reuters and two sources familiar with the matter.
The fifth edition of the region’s leading FDI event, the Sharjah FDI Forum, titled ‘Future Trends in Foreign Direct Investment’, got underway at Sharjah’s Al Jawaher Reception and Convention Centre (JRCC),
Virgin Hyperloop One (VHO), the world’s leading hyperloop company, on Monday announced its participation at Dubai Motor Show, the most definite platform in the region for international automotive exhibitors,
Artificial Intelligence (AI), sustainability and Fintech were three of the key sectors under the spotlight at the Sharjah FDI Forum 2019, which opened on Monday at the Al Jawaher Reception and Convention Centre in Sharjah.