Ford Motor Co agreed to a so-called economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata airbag inflators, court documents filed in a federal court in Miami on Monday show. The settlement covers several forms of economic damages linked to the inflators, including
Road Transportation
Truck drivers’ strike causes congestion at Lagos ports
Tanker trucks on Apapa port roads Lagos (Punch) - The feud between truck drivers and officials of the Nigerian Navy and the Nigerian Ports Authority is causing serious congestion at the ports, with thousands of containers unable to exit the terminals. The truck drivers, who had earlier threatened a strike over what
Uber invests in Lime city scooter hire company
Lime scooters are available in lots of cities, including Paris. Ride-hailing business Uber has announced a deal with scooter hire company Lime. Lime lets people hire scooters, electric bikes and pedal cycles in 46 cities. The deal means Uber users will be able to rent Lime's scooters via the car-sharing company's app. News about
Bin lorry sinks into tarmac as UK swelters in heatwave
Lyft gets into bike-share business, acquiring operator of Capital Bikeshare and Citi Bike
Lyft has acquired Motivate, the operator of Capital Bikeshare, the company announced Monday. (Astrid Riecken for The Washington Post) Lyft is getting into the bikeshare business, announcing Monday it has acquired the nation’s largest bikeshare operator, Motivate. The ride-hailing company acquired Motivate, the operator of Capital Bikeshare and New York’s Citi Bike,
New York City drivers for Uber, other apps to get vision care coverage
The business that’s trying to stop the truck driver shortage
As the trucking industry struggles to find viable workers to fill the 51,000 available jobs this year, a relatively new business has cropped up to try to solve the problem: 160 Driving Academy, a truck-driving school. The company was established in 2012, but as the demand for truck drivers has grown,
Fuel Prices to Go Up in Namibia
Lyft valuation hits $15.1 billion after fresh $600 million in funding
Lyft has raised an additional $600 million in a Series I financing round led Lyft has raised an additional $600 million in a Series I financing round led by Fidelity Management & Research Company, pushing its post-money valuation to $15.1 billion. The company's value has more than doubled in the past 14
Volkswagen Launches Rwanda Operations
Initial investment of US$20 million to create up to 1,000 jobs, assemble up to 5,000 cars per year. The wait is over as Volkswagen (VW) officially kicks off its much-awaited operations in Rwanda. The official launch will take place on Wednesday, at the Kigali Special Economic Zone where its first assembly base will be