Porsche Ventures, a subsidiary of Porsche AG, has invested in an artificial intelligence company specialising in messaging and voice communication.
Vehicle inspection centre Vicom reported an almost 14% drop in earnings for 2020 despite receiving $7.7 million in aid from the government.
BMW will open its third new Performance Premium Selection Limited showroom in Singapore at Ubi on Saturday, 1 August 2020.
With the acquisition of Sixt SE's stake in DriveNow, the BMW Group continues its systematic development as a customer-centric mobility company.
A new subsidiary of the LTA has been formed to take charge of the local end of the Kuala Lumpur-Singapore High Speed Rail (HSR) project.
The Porsche Digital Lab provides an opportunity to experiment with new technologies and to put IT innovations into practice with speed and flexibility.
United Engineers' subsidiary, WBL Corporation, is apparently selling Wearnes Automotive for S$455 million to StarChase Motorsports.
As SMRT Corp struggles with solving issues with the rail systems here, it has set up a new subsidiary to market rail engineering expertise overseas.