A new wave of confidence has animated the air travel sector with erstwhile struggling airlines now acquiring state-of-the-art airplanes to replace leased equipment. With lending rate as low as 10 per cent on liquidity inflow to the sector, local airlines are now buying aircraft like Embraer 145, Bombardier CRJ900 and even
Road Transportation
Revealed: England’s worst cities for traffic jams (outside London)
An extra £43bn of funding to 2040 would be needed to solve traffic problems, the study revealed London - Drivers nationwide are facing congested roads, with new research revealing the 10 worst English cities for traffic outside London. Away from London, you might expect roads to be a little quieter - but
How Electric Scooters Are Reshaping Cities
The scene in Santa Monica, where scooter-mania began. One of the biggest stories in technology this year is the exploding popularity of Bird, Lime, Skip, Spin and Scoot. They’re all electric scooter-rental services, and their vehicles are suddenly buzzing along city streets and sidewalks around the world. These startups allow riders to
Electric Mercedes opens German assault on Tesla
FILE PHOTO: A Tesla Model S electric car is seen at its dealership in Seoul, South Korea July 6, 2017. REUTERS/Kim Hong-Ji/File Photo Mercedes-Benz is set to unveil its much-anticipated electric SUV on Tuesday, marking the start of a German onslaught against Tesla’s dominance of the fast-growing market for premium battery cars. Daimler-owned Mercedes,
4059 Vehicles in Nigeria Involved in Road Crashes in Q2
Latest report from the National Bureau of Statistics (NBS), has revealed that 4,059 vehicles were involved in road crashes in the second quarter (Q2), of the year. In the road transport data released on Tuesday, commercial vehicles represented the highest number of crashes with 2,447 representing 60.29 per cent, followed by
Boeing wins $805M contract to build U.S. Navy’s MQ-25A robotic refueling planes
Boeing has won the Navy’s nod for the MQ-25 autonomous refueling airplane. (Boeing Photo) After a months-long competition with the likes of Lockheed Martin, Boeing has won a $805.3 million contract from the Pentagon to build the first four MQ-25A autonomous refueling planes for the Navy. The MQ-25 Stingray is meant to
Honda Brings CR-V Back to Home Market to Fight Nissan, Toyota
Carmaker targets deliveries of 1,200 units a month in Japan Local sales of Honda’s non-minicar models have fallen in 2018 Honda Motor Co. is bringing back the CR-V sport utility vehicle in Japan after a two-year hiatus, betting on the model to reclaim ground lost to rivals including Nissan Motor Co. The automaker
Road Crashes Killed 12,797 Nigerians in 30 Months
An average of 427 Nigerians die monthly in road traffic accidents. This brings to a total of 12,797 Nigerians killed in road traffic crashes in 30 months. According to the latest report released by the National Bureau of Statistics (NBS) in 2016, a total of 5,053 Nigerians died in road accidents while
Toyota will invest $500 million in Uber
Their combined self-driving effort will debut in 2021. Toyota plans to invest around $500 million in Uber, the Wall Street Journal reports, as the two enter an agreement to work together on driverless technologies. The publication cites sources familiar with the matter and the investment would value Uber at $72 billion. Reports surfaced
Vespa’s first electric scooter goes on sale in Europe this October
A Vespa Elettrica The Vespa Elettrica will hit the US and Asia in early 2019. Vespa's electric scooter has long been slated to start shipping this year, and now the timeline is a little clearer on when you might be able to get your hands on a Vespa Elettrica. Production will start next month, and Vespa