The Hong Kong subway system makes $2 billion in annual profit thanks in large part to the fact that it controls the land that its stations are situated on. Fares still support the system's operating costs.
Autoblog recaps the 2015 Chinese Formula One Grand Prix. Unusual for China, it was a bright, sunny day with no chance of rain. But other than that bit of sunshine, it was not the competition we were hoping for.
The Chinese market version of the next-gen Ford Taurus will make its debut on April 18 just before the Shanghai Auto Show. It isn't yet known how much of that new styling might cross the Pacific to the US, though.
Longer is the next Chinese automaker to crank out a terrible knockoff, this one being the Yueling X1 EV. Like the Landwind X7 before it, it takes liberal inspiration from the Range Rover Evoque, but adds BMW badges on the wheel caps.
This year's Shandong EV Expo offers a look at two Chinese vehicles that blatantly take from the design of other models. The JMW2200 wears the face of a BMW i3, and the Videoev is a five-door Volkswagen Beetle.
China National Tire & Rubber Company, a division of China National Chemical Corporation, is working to buy Italian tire maker Pirelli for $7.7 billion. Shareholders have accepted the offer, but it remains to be seen if the tender offer price of 15 euros per share will be enough.
Subaru has decided not to open a joint venture factory in China with Chery, even if the Chinese government gave it permission. The Japanese brand looked at the numbers and decided that it would have to double its sales just to maintain the same profits from exporting from Japan. Growth in the Chinese market may also be slowing.
This year's Shanghai Motor Show has not ruled out banning promotional models that normally accompany cars on show stands, after models' racy attire at the 2012 Beijing Motor Show was chastised for having "a negative social impact."