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Dubai company partners with SkyDrive for 50 flying vehicles purchase
SkyDrive, a Japanese flying vehicle manufacturer, has signed a Letter of Intent with Dubai's AeroGulf Services for the purchase of up to 50 eVTOL "SKYDRIVE" vehicles. This partnership aims to enhance air mobility at Dubai's Palm Jumeirah, promoting sustainable transportation and eco-friendly tourism. The collaboration marks SkyDrive's entry into the Middle Eastern market, aligning with Dubai's vision for a greener future.
suzuki to supply first electric vehicle to toyota shares rise
Suzuki's Indian unit will supply its first electric vehicle to Toyota, marking a new collaboration in green technology between the two automakers. Production is set to begin in spring 2025 at Maruti Suzuki's Gujarat plant. Following the announcement, Maruti shares rose nearly 3%.
Maruti Suzuki India Ltd. reported a 17% decline in net income to 30.7 billion rupees ($365 million) for the quarter ending September 30, falling short of Bloomberg's average analyst estimate of 37.1 billion rupees. The drop reflects sluggish consumer demand for cars in the world's most populous nation, leading to a decline in shares.
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