Transport & Logistics

Grab to acquire Chinese firm Infermove to expand in AI robotics

[SINGAPORE] Grab Holdings has acquired Chinese tech company Infermove to expand in artificial intelligence-enabled robotics for food delivery.

SMRT says that it will announce Lee Ling Wee's successor as deputy group CEO in due course.

SMRT announces senior management changes as deputy group CEO steps down

Its group chief communications officer will also relinquish the role to focus on the company’s ESG and CSR agenda

Born in 1944, Nagamori built Nidec into a US$15 billion company with aggressive tactics that included hostile takeovers – a rarity in Japan.

Nidec founder and chairman Nagamori quits board after spate of accounting issues

The 81-year-old has voluntarily resigned his post, the world’s largest maker of mini-motors says

Japanese firms sell millions of cars in the United States every year, but American vehicles are rare in Japan.

Toyota to import US-made cars after Trump gripe

JAPANESE car giant Toyota said on Friday it will begin importing three of its US-manufactured models into its home market next year, in an apparent move to placate Donald Trump.

FedEx's results suggest that CEO Raj Subramaniam’s push to combine the ground and air-freight networks and slash billions of dollars in costs is beginning to pay off.

FedEx CEO’s sweeping network overhaul is starting to bear fruit

The shipping heavyweight raises the low end of its profit outlook for the year

Fares surged during the cancellations, prompting the Indian  government to impose temporary caps.

IndiGo faces India antitrust scrutiny after mass flight cancellations

Disruptions highlight risks of the 90% IndiGo-Air India duopoly in India’s air market

The ubiquitous three-door Bluecar electric vehicle has been scrapped, while its larger five-door models have been sold to used car dealerships.

BlueSG disposes of old EVs ahead of relaunch in 2026

LTA blocks the transfer of Bluecars to Tribecar due to EV Sharing Scheme restrictions

The bid for Toyota Industries, a maker of looms and forklifts that fathered Toyota Motor has drawn criticism from investors who say the 4.7 trillion yen price undervalues the company.

Elliott woos other Toyota Industries investors in buyout fight

Paul Singer’s activist fund tells the investors the proposal undervalues the firm

The battery by PowerCo will debut in EVs made by Volkswagen, Skoda and the Cupra brand next year after completing final road tests.

Volkswagen budget cuts force battery unit to seek external funds

PowerCo is considering bank loans, external investors and a potential public offering