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Automakers look ahead to replacing Houston’s drowned cars

DETROIT (Reuters) - The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their shares higher. General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV reported mixed

Toyota Invests In Grab, Which Is Beating Uber In Southeast Asia

Add Toyota Motor (TM) to the list of investors in ride-hailing service Grab, the startup that is looking to knock out Uber in Southeast Asia. Grab (formerly known as GrabTaxi) is a technology company that offers a wide range of ride-hailing and logistics services through its app in Malaysia and neighbouring Southeast Asian nations such as Singapore, Indonesia, Philippines, Vietnam, and Thailand. As of

Expedia Appoints New CEO, Expecting Smooth Transition

Expedia late Wednesday announced that its board of directors approved the appointment of Mark Okerstrom as its new president and chief executive. Expedia, Inc. is an American travel company that owns and operates several international global online travel brands, primarily travel fare aggregator websites and travel metasearch engines including,,, trivago,, Travelocity, Orbitz, and HomeAway. The company operates about 200 travel booking websites in

Arik Air operations now better, stable

Nigeria - The Managing Director of Arik Air, Capt. Roy Ilegbodu, on Friday said the operations of the airline had been stabilised following the intervention of the Asset Management Company of Nigeria (AMCON). Briefing journalists in Lagos, Ilegbodu commended the measures put in place by AMCON to revive the airline within the


Uber has announced a strategic relationship with Germaine Auto Centre, a Nigerian based auto service, and maintenance company. According to the agreement, for a stipulated sum, Uber driver-partners operating in Lagos can have their cars maintained and serviced at a world-class auto facility. This relationship between both companies seeks to further