Money News

Chinese EV maker Xpeng aims to deliver its first flying car in 2026

Xpeng AeroHT, introduced the Land Aircraft Carrier, a large truck with a detachable flying two-seater passenger electric drone inside.

Marcos okays zero tariff for hybrid e-vehicles

President Marcos has allowed the inclusion of hybrids in his 2023 executive order (EO) that temporarily lowered most of the import tariffs on electric vehicles (EVs), defying opposition to such a move. The approval of an expanded version of EO No. 12 on Wednesday was one of the items that Marcos cleared during the 16th meeting of the National Economic and Development Authority (Neda) board, which he chairs. EO 12 temporarily modified the rates...

Ron Dennis reveals true motive behind 2007 McLaren scandal and two-year ban threat

The $100 million fine handed to McLaren remains the largest sporting penalty ever given out.

Free bus rides won't stop, L&T welcome to quit Hyderabad Metro, says Telangana CM Revanth Reddy

Reddy was reacting to a BT TV exclusive where L&T president, whole-time director & CFO, R Shankar Raman said the firm will look at selling off Hyderabad Metro post 2026 due to low ridership, adding that the free bus ride scheme had made ridership "less interesting".

German council approves a revised plan by Tesla to expand its plant near Berlin

BERLIN (AP) — A local council in Germany approved a plan by electric carmaker Tesla to expand the grounds of its first plant in Europe, a proposal which has drawn persistent protests this year. Councilors in the Gruenheide municipality, just outside Berlin, voted 11-6 Thursday evening with two abstentions in favor of the plan, German news agency dpa reported. The proposal was scaled down to involve the felling of fewer trees than originally...

Surge in motor premiums fuels spike in uninsured drivers – analysis

Surge in motor premiums fuels spike in uninsured drivers – analysis - Charity IAM RoadSmart warned there could be ‘an epidemic of uninsured young motorists’.

Interest rates, vehicle sales rev up GT income

MANILA, Philippines — Higher interest income from lending and improved car sales helped lift the first-quarter net profits of GT Capital Holdings Inc. by 7 percent to P7.11 billion, signaling a strong start after ending last year with a record-high bottom line. On Thursday, the conglomerate founded by George Ty reported that its total revenues in the first three months of the year grew by 6 percent to P74.1 billion. The net earnings of banking...

Three Japanese carmakers eye joint software development

Toyota Motor Corp., Honda Motor Co., and Nissan Motor Co. are considering working together on the development of in-car software, The Yomiuri Shimbun has learned. The three major Japanese automakers are pushing ahead with a shift away from independently developing this technology and expect that standardizing some parts could lead to greater development efficiency. At a time when U.S. and Chinese automakers are striding ahead in digitization...

Significant rear wing change for Ferrari catches the eye in Imola paddock

This is a real opportunity for teams like Ferrari and McLaren...

ZIMLog Unveils Transformed Structure and Expanded Scope Pioneering the Future of Logistics with reliable and Personalized Precision

HAIFA, Israel, May 17, 2024 PRNewswire -- ZIMLog, a global freight forwarding brand, proudly unveils its renewed structure, reflecting a blend of experience and innovation aimed at meeting the diverse and evolving needs of businesses worldwide. After more than 22 years of successful activity, primarily in China, and following a transformative upgrade, ZIMLog expands its scope of operations. Focused on personalized service and advanced tools,...

The world's fastest (and most expensive) police cars

Police cars have come a long way. With so many powerful vehicles on the road, it’s only natural that police around the world have had to adapt if they wanted to be able to compete with, and actually catch, suspects driving fast cars. A criminal with a supercar could easily get away when chased by your average police vehicle, but luckily, those days are long gone. Engaging in a car chase is always a dangerous and skillful activity, but now many police forces have vehicles in their fleets that allow them to perform better than ever. In addition to excellent driving skills, police need cars that are safe, powerful, and fast enough to engage in vehicular hot pursuits of suspects. Luckily, many countries have decided to invest to get the ideal cars for the job. From Lamborghinis to Ferraris, law enforcement agents now have a plethora of powerful vehicles at their disposal. Dubai, for instance, has enough supercars to leave many a car enthusiast in awe. In fact, they have some of the most expensive cop cars in the whole world! But many other countries also have powerful machines in their arsenal. The United States, for example, has several mean-looking muscle cars, whereas Italy has a number of classic supercars. Every country has one or more "special weapons" that can make a difference when it comes to high-speed car chases. But there’s more—a lot more. From classic sports cars, to all-wheel-drive interceptors, in this gallery you’ll find the fastest, most expensive, and most exclusive police cars from around the world. Ready to put the pedal to the metal? Click on the gallery and be amazed by these impressive vehicles!

Freedom Pass 'in danger' if Government restricts council income from motoring fines, warn London boroughs

Freedom Pass 'in danger' if Government restricts council income from motoring fines, warn London boroughs - Money from parking tickets and fines is used to subsidise £292m cost of providing free travel for older and disabled Londoners

Here's Proof Tesla Misled You With Its Cybertruck Towing a 911 Drag Race

A new test reveals that Tesla wasn't honest about the results of its Cybertruck towing drag race against a Porsche 911.

Where does Eurostar stop? Fifty more trains to be ordered

Where does Eurostar stop? Fifty more trains to be ordered - This could be a hint at new destinations now that the operator is in an improved financial position

Bangladesh To Begin Enforcing 'No Helmet, No Fuel' Policy Nationwide

Nearly 30 percent of all the road deaths in the country in 2023 were riders.

Traders concerned ahead of 10-week road closure

The road will be closed to traffic from 20 May with a signed diversion in place.

The cars with the shortest wheelbases relative to their size

Odd looks, poor handling and inadequate interior packaging – this list has it all

The pros and cons of biking

CEBU CITY, Philippines–Cycling or biking remains one of the most popular outdoor sports for many Cebuanos up to this day. From being an alternative means of transportation and, at the same time, a hyped up sport during the Covid-19 pandemic, cycling eventually became a mainstay in Cebu’s vibrant sports scene. Every weekend, Cebuanos get to test their mettle in various cycling events organized by various groups, which in return keeps the...

Police plan dispersal order to tackle car meet

Vehicles being driven dangerously in the area will also be seized, police say.

Tata Tigor CNG AMT real-world mileage revealed

We have tested the compact sedan for both city and highway

The end of the road for the Beetle

When the iconic Beetle stopped production, it marked the end of a nearly 80-year chapter in Volkswagen's history. Feeling nostalgic? Browse this gallery and take a nostalgic road trip through the history of this distinctive and much-loved motor car.

Aid trucks begin moving ashore via Gaza pier, US says

GAZA (Reuters) -Aid trucks began moving through a temporary U.S.-built pier off the Gaza Strip on Friday, amid growing international pressure to get more supplies into the besieged coastal enclave, where hundreds of thousands face an acute humanitarian crisis. The U.S. Central Command said trucks carrying humanitarian assistance began moving ashore via the pier at 9 a.m. local time (0600 GMT).

Harley-Davidson Just Patented a Fake Brakes For Electric Motorcycles

As well as a simulated clutch.

Is LiveWire Building an Old Harley-Davidson E-Bike Concept?

Might help the brand's bottom line.

FIA reveal extensive list of big Red Bull and Ferrari upgrades at Imola

Ferrari are not alone in introduce a '2.0' spec car at Imola...

Mercedes delivers fresh batch of F1 car upgrades at Imola

Mercedes followed up on the recent changes to its W15 Formula 1 car with a batch of updates for the Imola Grand Prix – including revised floor and brake ducts, plus a new rear and beam wing.

Council fills 500 potholes a day after record number

Cornwall Council says it is investing £14.5m to prevent potholes from forming.

120 years of Rolls-Royce

How Chevrolet thinks it can beat Tesla in the new EV market

Chevrolet is ready to take on Tesla with a new electric lineup.

Car insurance rates surge again, keeping inflation elevated

The cost of auto insurance jumped 1.8% in April, bringing the total annual gain to 22.6%. The problem could soon get worse before it begins to improve.

Ford Boss Won’t Rule Out Mustang Sedan

But CEO Jim Farley says an electric Mustang pony car is never going to happen.

UAW's influence tested in pivotal Alabama Mercedes-Benz factory union vote

By Nora Eckert VANCE, Alabama (Reuters) - The outcome of a vote on Friday by workers at a Mercedes-Benz factory in Alabama will be a key referendum on whether the United Auto Workers can maintain momentum in the historically anti-union South. The UAW hopes to continue a run that includes an overwhelming organizing victory at a Volkswagen plant in Chattanooga, Tennessee, as well as a lucrative

Mitsubishi Might Finally Add a Decent Car to Its US Lineup

The off-road D:X minivan concept could soon turn into a production vehicle for America.

Toyota Confirms Electric Hilux Truck for 2025 Launch

The pickup will be mass-produced in Thailand.

Car meets prompt noise and safety concerns

A councillor said it 'only takes one car' getting out of control to cause serious injuries.

It Worked For Jordan, So Why Not Bridgestone? An S23 Tire Review

Grippy, effortless, and joyful street performance.

North Somerset bus lane roll-out 'challenging'

The roll-out of further lanes is paused due to the volume of schemes and the number of complaints.

Thousands More Teslas Are Piling Up In Parking Lots

Tesla’s growing inventory can sometimes even be seen from space, via satellite images. So what's the problem?

Celebrating the best classic muscle cars ever built

Muscle cars are one of those slices of Americana that spread all over the world. The term "muscle car" dates back to the mid-1960s, when the early Pontiacs were fitted with powerful V8 engines featuring tons of horsepower. Mean-looking cars with big engines and more power than most of us can dream of, it's easy to see why so many people fall in love with them. While muscle cars continue to thrive in today's market, some have indeed become classics and in this gallery we celebrate some of the finest ever built. Browse through and get your motor running!

Drivers warned of weekend motorway closure

It is the fifth in a series of weekend and overnight closures on the M4.

Fast and furious: the rise in NASCAR's popularity

The history of motorsport dates back to the late 19th century, to the fledgling days of road racing at Le Mans. By the early 20th century, the first championship races were being run, on two wheels and four. Rallying also evolved. By the late 1940s and early '50s, Formula One and NASCAR events had been established. But as these competitions developed, so too did an inherent risk to life and limb, both on and off the track. Ironically, it took a catalog of tragic accidents to improve the safety features employed today in motorsport. Click through and take a look at the competitions that drive motorsports, and some of the unfortunate events in its history.

32 classic cars that became commercial vehicles

Traffic filter cameras set to start in November

Drivers caught in the traffic filters on short sections of six roads will face a £70 fine.

Friday favourite: When a GP2 race winner “ate steering wheel” in Alpine's F1 winner

Former IndyCar racer Jordan King made his debut in Formula E last weekend, his latest experience on a busy CV that also includes sampling a Formula 1 race-winner last year. He recalls the unforgettable experience of driving his favourite car to date

Putin calls U.S. tariffs on Chinese electric vehicles 'unfair competition'

MOSCOW (Reuters) - Russian President Vladimir Putin said on Friday during a visit to China that U.S. tariffs on Chinese-made electric vehicles were an example of unfair competition. "Unfortunately, the way the world works today, sometimes situations arise related to unfair competition. This is how the Americans recently imposed sanctions on China on electric transport, on electric cars," said

Exclusive: What goes on inside Formula 1's race control room

Formula 1’s race control is the most secret – yet important – room in the paddock, so what goes on in there and who’s making the decisions to make everything tick?

Lewis Hamilton in the dark over Tifosi reaction at Imola ahead of historic Ferrari move

Lewis Hamilton arrived at Imola as a confirmed 2025 Ferrari driver.

21 striking Chrysler concept cars

F1 marks 30th anniversary of Senna's death at Imola. Norris tries to follow up Miami win

Formula One arrives at the Emilia Romagna Grand Prix with a look to the past — it's 30 years since Ayrton Senna's death — and the future prospect of tougher competition for Max Verstappen and Red Bull. Drivers joined a memorial run around the Imola track on Thursday evening to mark the anniversary of three-time champion Senna's death in a crash during the 1994 race there. Senna was a childhood hero to many, including seven-time champion Lewis...

Awesome Alfa Romeo barn-find haul revisited