Passenger Transportation





North America

Passenger Transportation Services

China's drivers stress as robotaxis pick up speed - and guests

Liu Yi is among China's 7 million ridehailing chauffeurs. A 36yearold Wuhan citizen, he started driving parttime this year when construction work slowed in the face of an across the country excess of unsold houses. Now he forecasts another crisis as he stands beside his car seeing neighbours order driverless taxis. Everybody will go starving, he said of Wuhan motorists competing versus robotaxis from Apollo Go, a subsidiary of innovation huge Baidu. Baidu and the Ministry of Industry and Info Technology declined comment. Ride-hailing and cab driver are among the first workers globally to face the threat of task loss...

Western Europe

Passenger Transportation Services

Porsche Holding in group taking stake in Greyhound owner Flix

Porsche Automobil Holding SE stated on Monday it belongs to an investor group that is taking a 35% stake in Flix SE, owner of Greyhound services in The United States and Canada and FlixBus in Europe. Porsche, which manages German carmaker Volkswagen , said it was co-investing with personal equity firm EQT and financier Klaus-Michael Kuehne, among others, which its stake in Flix SE deserved a low double-digit million euros. EQT in July announced the joint investment of a 35% stake in Flix, at the time divulging Kuehne as co-investor however not Porsche. A person familiar with the offer told...