Motor

Uber sells Southeast Asia business to Grab after costly battle

Views - 23 Tuesday, 27 March 2018 00:00

SINGAPORE/SAN FRANCISCO (Reuters): Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said on Monday, marking the US company’s second retreat from an Asian market. The in


Softlogic Finance introduces ‘Full Tank Leasing’ with Dialog Touch Fuel Card

Views - 110 Tuesday, 27 March 2018 00:00

Sri Lanka’s most dynamic financial services solutions provider, Softlogic Finance PLC announced an exclusive partnership with Dialog Axiata PLC to Initiate an innovative leasing facility which will provide free re-fuelling for bikes and three wheel


Ford, Mahindra to develop SUVs, electric vehicle

Views - 15 Tuesday, 27 March 2018 00:00

New Delhi (Reuters): US carmaker Ford Motor Co and India’s Mahindra & Mahindra said on Thursday they have signed an agreement to develop midsize and compact sports utility vehicles (SUV) and an electric vehicle, which Ford could also potentially se


BMW says electric car mass production not viable until 2020

Views - 13 Tuesday, 27 March 2018 00:00

Frankfurt (Reuters): BMW will not mass produce electric cars until 2020 because its current technology is not profitable enough to scale up for volume production, the chief executive said on Thursday. Munich-based BMW unveiled its first battery elect


Autobahn signs MoU with Colonial Motors to add value to luxury car owners

Views - 27 Tuesday, 27 March 2018 00:00

Autobahn, a one stop shop for premium vehicle brands in Sri Lanka, recently signed a Memorandum of Understanding (MoU) with Colonial Motors. This MoU will give customers of Autobahn access to a wide array of unparalleled services at state-of-the-art


Jaguar Land Rover achieves second highest February sales

Views - 23 Friday, 23 March 2018 00:00

Jaguar Land Rover has achieved its second highest February sales performance with strong sales of the new Range Rover


US suffers first fatality involving an autonomous vehicle

Views - 19 Friday, 23 March 2018 00:00

Tempe, Ariz./San Francisco (Reuters): An Uber self-driving car hit and killed a woman crossing the street in Arizona


People’s Leasing introduces special leasing, loan scheme for hybrid and electric vehicles

Views - 70 Friday, 23 March 2018 00:00

People’s Leasing &Finance PLC, the market leader in the non-bank finance sector in Sri Lanka has introduced a special


Ford, Mahindra to develop SUVs, electric vehicle

Views - 16 Friday, 23 March 2018 00:00

New Delhi (Reuters): US carmaker Ford Motor Co and India’s Mahindra & Mahindra said on Thursday they have signed


Jaguar Land Rover reveal game-changers at Geneva Motor Show

Views - 26 Tuesday, 20 March 2018 00:02

Jaguar Land Rover has revealed two ground-breaking models to the world at the 88th Geneva International Motor Show, which concluded on Sunday. Fresh off its global reveal, the Jaguar I-PACE made its way to Switzerland from Austria for its public deb


New Volvo XC40 named 2018 European Car of the Year

Views - 20 Tuesday, 20 March 2018 00:01

The new Volvo XC40 small SUV has been named the 2018 European Car of the Year at the Geneva Motor Show in Switzerland. The XC40 win means that the complete line-up of new global Volvo SUVs have each been named Car of the Year in either Europe or Nort


US probes airbag failures in deadly Hyundai, Kia car crashes

Views - 17 Tuesday, 20 March 2018 00:01

Washington (Reuters): The US National Highway Traffic Safety Administration said on Saturday that it is opening a probe into why some airbags failed to deploy in Hyundai and Kia vehicles after crashes in which four people were reportedly killed and a


BMW R&D spending rises 18% on higher annual profit

Views - 19 Tuesday, 20 March 2018 00:00

FRANKFURT (Reuters) - German carmaker BMW expects record sales this year as it reported a 5.3% rise in 2017 operating profit on surging demand for high-margin sports utility vehicles, helping to offset higher research spending. Full-year earnings bef


VCOC creates history with successful heritage vintage rally to Jaffna

Views - 25 Wednesday, 14 March 2018 00:00

The Vintage Car Owners’ Club, which succeeded the Veteran Car Club of Ceylon which was the pioneer vintage motoring club in South Asia


Allianz Introduces Sri Lanka’s first 3D motor accident assessment app

Views - 43 Wednesday, 14 March 2018 00:00

Allianz Lanka announced the launch of Allianz 3D – Solera App, a revolutionary, mobile-based, assessment application that is set to transform Sri Lanka’s motor insurance landscape.


HNB inks landmark partnership with Porsche Sri Lanka

Views - 80 Wednesday, 14 March 2018 00:00

Sri Lanka’s premier private sector bank, HNB PLC, announced a landmark new partnership with Eurocars Ltd.


Range Rover Velar among finalists for two World Car Awards

Views - 31 Friday, 9 March 2018 00:00

The Range Rover Velar has been shortlisted for two prizes at the 2018 World Car Awards. Land Rover’s luxury SUV


Covers come off next generation Formula E car in Geneva

Views - 42 Friday, 9 March 2018 00:00

The physical model of the next generation Formula E car was revealed today on the FIA stand at the Geneva Motor Show


HNB Leasing signs MOU with Senok JCB

Views - 60 Friday, 9 March 2018 00:00

Facilitating the on-going construction and development boom taking place across the island, HNB Leasing announced


Stafford Motors appoints Kundasale Auto Services as Exclusive Dealer

Views - 46 Friday, 9 March 2018 00:00

Stafford Motor Company Ltd., the sole Sri Lankan distributor for Honda products since 1977, has appointed Kundasale


Grab in advanced talks to buy some of Uber’s Southeast Asia businesses

Views - 14 Friday, 9 March 2018 00:00

SINGAPORE (Reuters): Southeast Asia’s biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber


VIAL embarks on new strategy to protect customers from vehicle fraud

Views - 38 Tuesday, 6 March 2018 00:00

The premier automobile importers organisation in Sri Lanka, the Vehicle Importers Association of Lanka (VIAL) has embarked on a new strategy to protect customers from being swindled at the time of sale of vehicles. The association has decided to reso


Porsche could build flying taxis, says sales chief

Views - 10 Tuesday, 6 March 2018 00:00

FRANKFURT (Reuters): Volkswagen’s sports car maker Porsche could develop a flying passenger vehicle to compete with rivals in a possible market for urban air taxis and ride-sharing services, Porsche sales chief Detlev von Platen told a German magaz


Toyota venture to spend $2.8 b to develop self-driving technology

Views - 20 Tuesday, 6 March 2018 00:00

TOKYO (Reuters) - Toyota Motor Corp said a new venture would be investing more than $2.8 billion to develop automated-driving software - the latest salvo in an increasingly frenetic battle to be ahead in a sector hit by a slew of disruptive technolog


Prestige Automobile successfully concludes third technical forum for insurance partners

Views - 45 Tuesday, 6 March 2018 00:00

Prestige Automobile Ltd., Sri Lanka’s sole authorised importer and distributor of BMW, BMW i, and MINI vehicles, successfully concluded a technical forum for its insurance partners at the Grand Monarch in Thalawathugoda with more than 40 participan


Ravi to lead rapidly-expanding CEAT Kelani JV as new MD

Views - 44 Tuesday, 6 March 2018 00:00

CEAT Kelani Holdings has announced the appointment of Ravi Dadlani as Managing Director of the company with effect from 1 March. Previously Vice President Sales, Marketing & Exports at CEAT Kelani, a company he has already served for 11 years, Dadlan


DIMO invites Sri Lanka to get behind the wheel at HNB Mercedes-Benz and Jeep Test Drive Days

Views - 51 Friday, 2 March 2018 00:00

Sri Lanka’s premier retail bank, HNB PLC together with Diesel & Motor Engineering PLC, the only authorised distributor


Williams losing title sponsor Martini at end of year

Views - 12 Friday, 2 March 2018 00:00

Barcelona (Reuters): Martini will be ending its title sponsorship of Williams at the end of the season and leaving Formula One


NDB Leasing promotes hybrid and electric vehicles

Views - 76 Wednesday, 28 February 2018 00:00

NDB Leasing has expanded its arena to provide leasing facilities to hybrid and electric vehicles. NDB grants the facility


Perera Tyre Service holds Dealer Convention and Awards Night

Views - 18 Wednesday, 28 February 2018 00:00

Perera Tyre Service Ltd. held its dealer convention on 3 February at Hotel Renaissance – Malabe where over 100 dealers were


Today's Columnists

Strong trade agreements need 30-50 consultations

Wednesday, 20 June 2018

Coming from a multinational working background, I strongly support free trade given that open competition tends to sharpen


The case of our concealed subservience to China

Wednesday, 20 June 2018

If one takes a close look at the general trend of discourse and debate that has been going on in Sri Lanka, one cannot but be


Muslim markers in Sri Lanka: Changes and challenges

Wednesday, 20 June 2018

If we exclude from our consideration the wars that owe their origin to religious hatred, or to difference in fundamental principles


A 10-point guide on bank credit facilities that suit your business best

Tuesday, 19 June 2018

As a businessman when you visit a bank seeking credit facilities you are faced with a lot of banking jargon with which you are often not conversant. You tend to learn about them only when you start utilising such facilities. Further, if are young and


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