This is part of the ongoing digitalisation strategy at the Dusseldorf plant, as it will rely on autonomous robotic systems in production in the future.
Ride-hailing apps such as Grab, Gojek, and CDG Zig will be raising their prices per trip, in lieu of the upcoming Platform Workers Act, to cover costs.
The firm has already developed prototypes of a new modular battery-electric and e-POWER drivetrain which are smaller and use less rare earth elements.
Honda has announced that it will be leaving Formula One after the end of the 2021 season, leaving Red Bull and AlphaTauri without an engine supplier.
About $60 million a year in public funds goes towards subsidising operations for a stretch of the MRT Downtown Line connecting Bukit Panjang to the city.
Grab has cut the pay of its senior management by up to 20% and encouraged its staff to take voluntary no-pay leave as revenues fall.
SBS Transit reported higher revenue and profit for 2019, but also warns of rising costs, especially in the operations and maintenance of its rail business.
Losses mount for rail operator SMRT Trains, as maintenance expenditure now accounts for 71% of rail-fare revenue, up from 45% just three years ago.
Due to the higher running costs revealed during a trial, the Land Transport Authority will not roll out on-demand buses.
Construction challenges, inflation and system upgrade lead to costs growing beyond initial projections, says the Land Transport Authority.
The Public Transport Council has started review of public transport fare adjustment formula and mechanism, targeted to be completed by Q1 2018.
Despite reductions in their daily rental rates, cabbies expect their earnings to take a hit as a result of the new diesel tax.
Short-term parking charges will be increased by 20 percent islandwide from December by both HDB and URA, as operating costs have also increased.
Experts say an estimated $2 billion extra cost for rerouting the Cross Island MRT Line will likely make up a small part of total cost.
Many transport companies are unable to pass on the cost savings from the falling price of oil, due to rising operating costs such as labour and rent.
Senior Minister of State for Transport Josephine Teo said there is no guarantee that unmatched tolls will translate into guaranteed lower costs for motorists.
A device that would warn heavy vehicle drivers of an impending collision would now cost less under a new scheme by STA and Spring Singapore.
A student who test drove a Dutch-made Spyker sports car will have to pay more than $70,000 in damages after crashing it.
Used car dealers are largely affected by the stringent auto loan restrictions and are urging landlords to slash rental prices as they try to make ends meet.
We will be seeing less of Toyota advertisement campaign for next year. In a bid to offset rising material costs, the advertising budget will be cut by S$0.3billion.