Indian ride-hailing startup BluSmart is seeking to challenge Uber and Ola for market share in the country with bets on an all-electric taxi fleet and an aggressive bid to lure disgruntled passengers and drivers from the incumbents.
Toyota Motor Corp said on Wednesday it will invest 1.7 billion reais ($337.68 million) to manufacture a new hybrid, flex-fuel compact car in Brazil, which will run on both gasoline and ethanol in addition to its electric engine.
Dutch navigation and digital mapping group TomTom reported a surprise first-quarter profit on Friday helped by cost controls and sales growth in its location pin-pointing and automotive markets, sending its shares up 8%.