Honda, Hino to join SoftBank-Toyota partnership's self-driving car service project; to take 10% stake in venture
The new investment from Hino and Honda would leave SoftBank with a 40.2 percent stake in Monet, down from just over 50 percent when the venture was formed. Toyota will hold a 39.8 percent stake.
Narendra Modi's 'Make in India' a casualty as steel, auto firms spar over sourcing; minister seeks relaxation in import rules
The steel ministry in August announced stringent import rules for some high-grade steel products that are sourced by carmakers from countries such as Japan and South Korea but not yet manufactured in India.
The joint company of Toyota and SoftBank will be called MONET, short for mobility network.
Honda PCX 125 scooter follows same design as Honda PCX 150 and comes with same all-LED light setup.
Producing 50,000 vehicles for Toyota would represent just a sliver of what Suzuki sold in India in 2017.
China sets 2019 as the deadline for imposing tough sales targets for electric plug-in and hybrids vehicles
China has slightly relaxed the earlier plan to launch the rules from next year that had left global automakers worried about being able to comply.
Uber knew about defective cars being rented out to its drivers; claims that the problem has been fixed
The report states that the Singapore management was aware of the recall, and that the cars Uber had bought and rented out had not been repaired.
Faraday Future plans to begin testing prototype self-driving electric vehicles on California roads later this year after winning approval from the state, an industry source said on Tuesday.
The Berlin-based anti-corruption watchdog named Bank of China, Honda Motor, Bank of Communications, Agricultural Bank of China and Russia's Sberbank as the five least transparent companies.<br />