Mercedes-Benz CEO Ola Kallenius expressed willingness to enter defense production, stating "The world has become a more unpredictable place." He noted any defense operations would be a minor part of the business. Reports suggest KNDS may be in talks to buy the automaker's Ludwigsfelde plant.
Hong Kong will halve tolls for all commercial vehicles using public tunnels for two months from Sunday, in the government’s latest effort to ease business costs amid surging fuel prices driven by the war in the Middle East. Buses, goods vehicles, light buses and taxis registered with the Transport Department will benefit from the measure, while private cars and motorcycles are excluded, according to a government announcement on Wednesday. The temporary 50 per cent discount will apply at all...
A Hong Kong electric commercial vehicle solutions company has teamed up with a mainland Chinese manufacturer to launch an electric minibus tailored for the city’s roads, as the government works towards phasing out fossil-fuel commercial vehicles by 2035. Home-grown Wai Lik New Energy unveiled the new models on Monday, with founder Ng Chi-wai saying the vehicles were engineered specifically for the city’s narrow streets and steep gradients. The company, which partnered with Fujian-based Wisdom...
