10/08/2024
A flying car that’s certified for aviation just took another big step towards commercialisation.
The Aircar’s creator, KleinVisiontoday announced the sale of a “groundbreaking” license to manufacture the vehicle.
The deal gives China’s Hebei Jianxin Flying Car Technology Co. exclusive rights to the system within a specific, undisclosed region. Also undisclosed is the cost of the license.
KleinVision says the agreement brings flying cars closer to reality.
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The Slovakian startup already has a certificate of airworthiness for its…
17/07/2024
New cars are more available this spring, and manufacturers have even begun offering deals to interested buyers.
But at the same time, lenders have been tightening the terms of car loans as they deal with a rising number of delinquencies. That has made it harder for some people to get affordable loans.
Access to auto loans for both new and used cars was generally worse in January than in December and down year over year, according to Dealertrack, a Cox Automotive service that tracks credit availability based on factors like loan approvals, terms and down payments. The impact was seen…
06/07/2024
General Motors says it is pumping the brakes a little on its plans for electric vehicles and self-driving cars as new labor deals signed with unions in the US and Canada will cost it almost $9.3 billion US.
Despite those costs, the automaker says it plans to buy back up to $10 billion US of its own shares, while also increasing its dividend by 33 per cent.
The buyback was the equivalent at Tuesday’s closing price to nearly a quarter of GM’s common stock. Its shares were down about 14 per cent this year before rising 10 per cent to…