Transport Archives - International Finance

China goes full throttle on driverless vehicle use

IFM CorrespondentJanuary 7, 2025January 7, 2025

by IFM CorrespondentJanuary 7, 2025January 7, 2025

Pony.ai reportedly operates around 250 robotaxis in a combined area of 2,000 square kilometres in China’s four top-tier cities, which include Beijing and Shanghai...

After Lilium, now air taxi start-up Volocopter faces financial headwinds

IFM CorrespondentJanuary 3, 2025

by IFM CorrespondentJanuary 3, 2025

Volocopter became the first European eVTOL developer to gain design organisation approval for its two-seat, by piloting VoloCity craft...

Saudi Arabia accelerates digital transformation with new transport initiatives

IFM CorrespondentDecember 30, 2024

by IFM CorrespondentDecember 30, 2024

Along with cutting fuel use in the transportation sector by 25%, the strategy also aims to reduce traffic accidents and fatalities by more than 50%...

IF Insights: All you need to know about Honda-Nissan merger talks

IFM CorrespondentDecember 26, 2024

by IFM CorrespondentDecember 26, 2024

Honda, which has a market capitalisation of more than USD 40 billion, roughly four times that of Nissan, will appoint the majority of the company's board...

Major road repair work begins in Kuwait as government eyes infrastructure improvement

IFM CorrespondentDecember 19, 2024

by IFM CorrespondentDecember 19, 2024

Kuwait's Minister of Public Works Dr. Noura Al-Mashaan announced that the ministry has started the drastic road rehabilitation project in Farwaniya...

UAE’s automotive aftermarket to hit USD 1.9 billion by 2028: Report

IFM CorrespondentNovember 19, 2024

by IFM CorrespondentNovember 19, 2024

Growing car ownership, technological developments, and strong regional demand for auto parts and services were all contributing to the UAE's projected significant growth...