FRANKFURT, July 29- Mercedes-Benz has withdrawn an advert in the United States which compared its new E-class with a futuristic self-driving concept car following allegations from local consumer groups that the marketing claims were misleading. Earlier this week, U.S.-based Consumer Reports urged the U.S. Federal Trade Commission to scrutinize Mercedes' "... » Read More
An Uber passenger was taken on a 20 mile detour around London and was charged over £100 ($142.82) for the journey, the MailOnline reported.
NAIROBI, March 29- Kenya has scrapped plans for a new terminal building at Nairobi's main airport due to financial pressures and excess capacity caused by recent upgrades to existing facilities, the Kenya Airports Authority said on Tuesday. President Uhuru Kenyatta launched the $650 million terminal project for Jomo Kenyatta International Airport in...
Toby Coppel, co-founder and partner of Mosaic Ventures, says Uber pursued a different strategy to taxi app Hailo.
NAIROBI, March 29- Kenya has invited bids for an adviser to help identify an operator for its new standard gauge railway network, a massive infrastructure project aimed at boosting trade and cutting transport costs across East Africa. The $13.8 billion rail project, which began in December 2014, will eventually link Kenya's Indian Ocean port of Mombasa to the...
Neil Campling, global TMT analyst at Aviate Global, talks about the possible proxies available to investors looking to profit from the Uber effect.
Travis Kalanick, CEO of Uber, says the taxi company is not in need of public capital and an IPO will happen as late as possible.
Travis Kalanick, Uber's CEO, talks about the difficulties of operating in some emerging markets and the amount of competition in China.
China's government has been subsidizing up to $8,500 per electric vehicle which boosted BYD's FY sales, says IHS Automotive Consulting's James Chao.
*Big growth seen in short-haul routes in Asia. SINGAPORE, March 29- Indonesia is about to roll out its first passenger plane, one of several smaller, homegrown aircraft being studied in Asia, designed especially for short hops across the region's emerging markets, where air travel is booming. Many of these could suit some markets in Asia, South America and Africa,...
Dennis Gartman, The Gartman Letter Editor and CNBC Contributor, discusses the potential threat that Uber poses to the oil market as more millennials are relying on the ride service over owning their own cars.
Uber co-founder and CEO Travis Kalanick talks about whether he will take the growing ride sharing company public.
Uber co-founder and CEO Travis Kalanick discusses the company's expansion plans in China.
Uber co-founder and CEO Travis Kalanick discusses the company's growing profits, as well as the right culture and funding strategy.
CNBC's Phil LeBeau reports on issues facing airlines in the second quarter.
The Hyperloop is becoming a modern day gold rush, with 2 companies moving to capitalize on the transport's promise of breakneck speed.
NEW YORK, March 25- Travelers passing through New York's John F. Kennedy International Airport this week witnessed a show of force following the Brussels airport attack: U.S. Army soldiers in khaki camouflage bearing assault rifles, police officers in black bullet-proof vests and private security guards directing traffic in neon-yellow vests.
NEW YORK, March 24- The New York City metro area took a giant step toward revitalizing its crumbling capacity-strained transport hubs on Thursday as a major bistate agency authorized up to $22 billion of spending on air, rail, and bus infrastructure. Vice President Joe Biden likened to a third world country; $2.3 billion for Newark Airport; up to $15 billion for a...
While it's impossible to value safety, how much would it cost to expand U.S. airport security to the level of other countries — and who would pay for it?
HOUSTON/ CARACAS, March 24- Serious delays to load and unload vessels at Venezuela's main crude port started to create a backlog of tankers last week that is now extending to the island of Curacao, according to traders, a union representative and Thomson Reuters data. Some 70 tankers were anchored around state-run PDVSA's ports in Venezuela and the Caribbean,...
Garneau unveiled proposed changes to the 1988 Air Canada Public Participation Act, which as it stands lays down where in Quebec, Manitoba and Ontario the airline has to maintain its planes. Quebec, citing the original act, had launched a lawsuit against Air Canada for not doing enough maintenance in the province. It dropped the case last month after the airline...
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