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.
Distracted driving continues to be a scourge to road safety around the world. In the US, the National Highway Traffic Safety Administration ran a graphic commercial in April appealing to young people about the dangers of texting and driving. In Hong Kong, Volkswagen helped with a technologically savvy way to make people understand the peril.
It looks like electric delivery truck maker Smith Electric Vehicles is getting plugged back in this summer. The Kansas City, MO-based company, which halted production last year, is getting a $42-million equity investment from Hong Kong-based lithium-ion battery maker Sinopoly Battery Ltd. The catch, of course, is that Sinopoly will be the exclusive battery supplier for Smith and its Newton trucks. But that's certainly better than a sharp stick in the eye.
More than 600 Ferrari models, representing every era of the famed automaker's production, celebrated 30 years of presence in Hong Kong with a gathering at the Asia World Expo this past weekend. The event marked the largest single gathering of Maranello's sports cars ever organized in China. The weekend culminated with Marc Gene, Scuderia Ferrari's test driver, unveiling the new 458 Speciale.
Since the Detroit Auto Show almost 12 months ago, Tesla began calling 2012 the Year of the Model S. Following the US launch earlier this year, the all-electric sedan is about to go on sale in Europe. Tesla's latest email newsletter reveals a bit about how the company is preparing audiences around the world – namely Canada and Hong Kong – for the Model S.
The best way we can think of to get customers into your gas stations is by offering complimentary fuel. The next best way? Lego Ferraris. For a limited time, Shell gas stations are offering six tiny Lego Ferrari kits when you fill up your tank.
After abruptly resigning on Friday after 19 years at Audi, former CEO Johan de Nysschen's future has come more clearly into focus today. Nissan has announced that de Nysschen will be joining the company effective July 1. His official title will be Senior Vice President of Nissan Motor Company in charge of the Infiniti division.
It was only a matter of time before we heard word of a deceased Aston Martin One-77. Reports kicking around the web suggest the owner of one of the 700-horsepower supercars got just a bit too close to a curb at a high rate of speed in Hong Kong, sending ultra-rare bodywork scattering across the landscape. Details are scarce at the moment, but reports suggest the owner is from mainland China and the accident only involved the Aston Martin. Even so, reports suggest the car looks as if it was being
The song that made Will Smith famous – this is when he was The Fresh Prince who rapped and not acted – is called "Parents Just Don't Understand." In it, he takes his mom's Porsche for an unauthorized spin while his parents are on vacation, unintentionally picks up a 12-year-old runaway and then gets busted by the cops for doing 90 mph and not having a driver's license. The point of it all? Kids will do the darndest things.
Following Brammo's big Polaris deal comes more good news for the electric motorcycle maker. After evaluating the Brammo Enertia for over a year, the Hong Kong government has decided it likes the machines and will now begin replacing its older gas-burners used by some of its agencies with electrics.
As last week came to a close, Tesla Motors celebrated the grand opening of its first vehicle service center in Hong Kong. Though the service center was set up to serve some sort of purpose, Tesla claims the Roadster: