Uber aiming for stock market debut value of up to $ 90 b

Views - 20 Monday, 29 April 2019 00:00

SAN FRANCISCO (AFP): Uber is aiming to make its stock market debut at a share price that would value the leading ride-share startup between $ 80 billion and $ 90 billion, Bloomberg reported last week. Uber’s keenly-anticipated initial public offer

Toyota abandons plan to install US connected vehicle tech by 2021

Views - 23 Monday, 29 April 2019 00:00

WASHINGTON (Reuters): Toyota Motor Corp said on Friday it was halting plans to install Dedicated Short-Range Communications technology on US vehicles aimed at letting cars and trucks communicate with one another to avoid collisions. Automakers have b

Daimler hurt by production delays at Mercedes, China slowdown

Views - 13 Monday, 29 April 2019 00:00

FRANKFURT, REUTERS: Daimler’s first-quarter operating profit fell 16%on Friday as a 718 million euro ($800 million) one-off gain failed to offset raw material costs, technology investments and production delays at three Mercedes-Benz factories. Sa

Auto makers are feeling the pull of ‘digital gravity’ in a rapidly changing industry

Views - 69 Monday, 29 April 2019 00:00

NEW YORK/BERLIN/SHANGHAI: Awareness of digitalisation is high and change initiatives are numerous in the automotive industry. Yet on a strategic and cultural level, change is hardly taking place, claims a joint global automotive study by KPMG and Ego

YOUCAB and SYTRANS to offer superior transport services

Views - 105 Monday, 29 April 2019 00:00

Partnering with two of Sri Lanka’s cricketing legends, Mahela Jayawardena and Kumar Sangakkara, VirTrans Capital recently launched YOUCABand SYTRANS, the latest player in the Island’s e-Transport hailing game. Since the soft launch, YOUCAB and S

Safety and mutual respect are key in ride sharing platforms

Views - 16 Monday, 29 April 2019 00:00

Uber recommitted to ensure safety for their driver partners by launching the Driver Safety Toolkit and updating the community guidelines. This follows the already existing safety toolkit for riders, and is yet another step by the global online ride s

Uber puts safety at heart of driver experience

Views - 20 Monday, 22 April 2019 00:10

With the objective of offering a safe experience for everyone and to create an environment of mutual respect, Uber, the world’s largest on-demand ride-sharing company, launched its Driver Safety Toolkit, a comprehensive set of in-app safety feature

Nissan to cut global production by 15%: Nikkei

Views - 11 Monday, 22 April 2019 00:00

Reuters: Nissan Motor Co. Ltd. will cut global production by about 15% for the fiscal year ending March 2020 as the company shifts away from the aggressive expansion campaign promoted by former Chairman Carlos Ghosn, the Nikkei newspaper reported on

Daimler to launch electric compact SUV in 2021

Views - 24 Monday, 22 April 2019 00:00

SHANGHAI (Reuters): Daimler plans to launch an electric compact sport utility vehicle in 2021 which will be called the Mercedes EQB, the German carmaker’s CEO said on Tuesday. Dieter Zetsche made the comments at a press conference on the sidelines

Hyundai hires former Ghosn ally Munoz as global COO, Americas head

Views - 12 Monday, 22 April 2019 00:00

SEOUL (Reuters): Hyundai Motor Co. has appointed Jose Munoz as global chief operating officer and Americas chief, tapping a man formerly considered an ally and potential successor of Nissan Motor Co. Ltd.’s ousted Chairman Carlos Ghosn. Munoz is th

Mahindra & Mahindra Automobile provides technical training to Sri Lankan naval delegation

Views - 19 Monday, 22 April 2019 00:00

A 15 member Sri Lankan Naval delegation comprising four staff officers and 11 student officers had a comprehensive technical training at Mahindra & Mahindra (M & M) Automobile manufacturing plant in Pune on 1 April. This is the first time that a Sri

Peugeot’s 3008 SUV, the most popular European brand new SUV in Sri Lanka

Views - 38 Monday, 22 April 2019 00:00

Solely marketed and distributed in Sri Lanka by Carmart Ltd., world-renowned European vehicle brand Peugeot recorded an exceptional year in 2018 in terms of its vehicle sales. Spearheaded by its state-of-the-art Peugeot 3008 and 5008 SUVs the company

ComBank launches 4th ‘Leasing Vaaré’ with lower rentals

Views - 20 Tuesday, 9 April 2019 00:00

The Commercial Bank of Ceylon (ComBank) has announced the return of its ‘Leasing Vaaré’ (Leasing Season) promotion for the fourth year, with special rentalsand a range of other benefits covering leases of any brand of vehicle during the promotio

Capital TRUST acquires Taxiyak and launches Taxiya

Views - 43 Tuesday, 9 April 2019 00:00

Capital TRUST Mobility Solutions Ltd., a subsidiary of Capital TRUST Holdings Ltd. is launching Taxiya, a mobile taxi hailing service. Focusing on safety,reliability, customer convenience and enhanced benefits to the drivers, Taxiya is set to zoom in

Prestige Automobile’s 8-step service process ensures customer-centric aftersales services

Views - 30 Wednesday, 3 April 2019 00:00

Maintaining timely aftersales services from authorised dealers not only ensures high quality aftercare for your vehicle but also guarantees reliability, value for money and overall joy whenever you take your beamer out for a drive. Being the sole a

Auto Miraj leads transformation of car-care segment with innovation and new infusion

Views - 265 Wednesday, 3 April 2019 00:00

Sri Lanka’s pioneering total car-care specialist, Auto Miraj, is diversifying and expanding its service footprint and automotive solutions as the company comes close upon completing three decades of operations. Auto Miraj commenced operations in 1

2018 Maxxis Dealers Awards Night

Views - 20 Wednesday, 3 April 2019 00:00

The 2018 Maxxis Dealers Awards Night was ceremonially held on 23 March at the Colombo Hilton. Maxxis International Vice Chairman Lenny H.K. Lee was the Chief Guest. Managing Director Sunil Fonseka, Group Director Gayan Fonseka and Working Directo

Caboo Cabs to be launched soon

Views - 615 Tuesday, 2 April 2019 00:00

Caboo Cabs to be launched soon Caboo Cabs, which attempts to revolutionise the Sri Lankan taxi industry by introducing a wide range of transport solutions that will benefit the customers as well as vehicle owners, will be launched soon. While other m

Uber launches UberMOTO in Colombo

Views - 54 Tuesday, 2 April 2019 00:00

Uber, the world’s largest on-demand ride-sharing company, has announced the launch of its bike-sharing product, uberMOTO in Colombo. With this launch, Uber will take another step forward in its efforts to provide multi-modal solutions to riders in

Research on Traffic Congestion in Kandy Bags Annual Saman Kelegama Memorial Research Grant

Views - 39 Tuesday, 2 April 2019 00:00

The Institute of Policy Studies of Sri Lanka (IPS) has announced Kanishka Werawella, of the University of Colombo, as the winner of the Saman Kelegama Memorial Research Grant 2019. From applications received in response to IPS’ Call for Proposals,

CEAT takes 40 truck tyre dealers on tour of Russia

Views - 19 Tuesday, 2 April 2019 00:00

A tour of some of Russia’s most iconic sites became a reality for 40 CEAT dealers who had achieved a six-month target set by the leading tyre maker, for a truck tyre promotion that took place from June to December 2018. The target-achieving dealer

CILT conducts road safety workshop

Views - 80 Tuesday, 2 April 2019 00:00

Road accidents and road safety related issues have risen up tremendously in recent years in Sri Lanka and it is a timely requirement to take necessary actions to enhance the road safety by all stakeholders. The Chartered Institute of Logistics (CILT)

Mahindra showcases its world-class range of BS-4 compliant vehicles in Sri Lanka

Views - 139 Thursday, 28 March 2019 01:30

Mahindra and Mahindra Ltd., a part of the $ 20.7 billion Mahindra Group, yesterday announced the launch of its world-class range of BS-4 emission norms compliant vehicles in the commercial vehicles and bus segments, with benefits that include improve

BMW warns of difficult 2019 as it posts lower 2018 profit

Views - 20 Tuesday, 26 March 2019 00:00

FRANKFURT (Reuters): BMW will step up cost cutting in anticipation of a difficult year, the German carmaker said last week, as it reported a 7.9% fall in 2018 operating profit due to higher investments in electric cars and currency headwinds. “We e

Tesla unveils Model Y as electric vehicle race heats up, price starts at $39,000

Views - 18 Tuesday, 26 March 2019 00:00

SAN FRANCISCO (Reuters): Tesla Inc. unveiled its Model Y electric sports utility vehicle on last week in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals. Chief E

Hyundai Motor, Kia to invest $300 m in Ola

Views - 23 Tuesday, 26 March 2019 00:00

Reuters: South Korean automakers Hyundai Motor Co and Kia Motors Corp will together invest $300 million in Indian ride-hailing platform Ola, playing catch-up in the global race to invest in mobility firms. The move follows the $275 million that the p

Bajaj QUTE quadricycle now available in Sri Lanka

Views - 26 Tuesday, 26 March 2019 00:00

As Sri Lanka’s largest automotive company, serving the vast majority by providing affordable, economical and convenient transportation solutions, David Pieris Motor Company Ltd. (DPMC) believes the ability to own a four-wheel vehicle, should be a p

App-based taxi hailing cabs offer safety and reliability to passengers, more hires to drivers

Views - 19 Tuesday, 26 March 2019 00:00

Sri Lanka’s app based taxi hailing market has begun to streamline the taxi and three-wheel hiring system in the country, offering passengers safety, reliability and access to a transparent pricing method while permitting drivers an increased volume

Sri Lanka Insurance Motor Plus launched Motor Plus Rewards

Views - 61 Friday, 22 March 2019 00:00

The motor insurance leader trusted over generations, Sri Lanka Insurance Motor Plus, is geared up to reward customers the exclusive opportunity to win a Toyota CHR car along with an opportunity to win 6 iPhone XRs and 120 cash prizes worth Rs. 50,000

Porsche Cayenne 3rd gen unveiled at Ceylon Motor Show 2019

Views - 33 Friday, 22 March 2019 00:00

Porsche Centre Sri Lanka unveiled the third generation of the Porsche Cayenne on 15 March at the Ceylon Motor Show, which was held at BMICH. It was unveiled by Deputy Ambassador of Germany to Sri Lanka Andreas Berg and IWS Holdings Chairman Arthur Se

Today's Columnists

Whither Sri Lanka?

Wednesday, 19 June 2019

On Easter Sunday, 21 April 2019, suicide bombers from an extremist group caused carnage in six separate locations in Sri Lanka. Over 250 lives were lost and as many injured. The magnitude and co-ordination of their operation indicate several months o

Our Cricket Board simply cannot deliver – why not they all quit honourably?

Tuesday, 18 June 2019

“It is necessary, therefore, for the Government to pay serious attention to the doings of Sri Lanka Cricket [board] and take immediate action to lift their game for the progress of our glorious game.” Question for Sri Lanka Cricket (board) Sri La

Yesterday Tamils, today Muslims and tomorrow who?

Tuesday, 18 June 2019

From the time of S.W.R.D. Bandaranaike’s election victory in 1956, one and only one issue had dominated political party campaigns in this country; and that was communalism. The Tamil community was the main focus of these campaigns for over 50 years

Those who go by social proof are easy prey to crafty schemers

Monday, 17 June 2019

Going after social proof Swiss writer and novelist, Rolf Dobelli, in one of the essays in his 2013 book ‘The Art of Thinking Clearly’, has given a fine warning to his readers. He has warned against going by ‘social proof’ or ‘majority view

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