Europe’s e-bike revolution tempts Ferrari’s owner-family

Brussels: What better partner for a Cowboy than a Prancing Horse? The Agnelli family’s Exor holding company is best known as the owner of Ferrari, the four-wheeled supercar with the stallion logo. Now, it has joined the race to invest in e-bikes with Belgian e-bike start-up Cowboy, as the two-wheeled electric commuter market shifts up […]

Nissan expects second straight year of red ink amid outbreak

Tokyo: Nissan reported a 285.6 billion yen ($2.7 billion) loss for April-June, as the Japanese automaker’s sales crashed amid the coronavirus pandemic and it struggled to recover from the loss of its former star executive Carlos Ghosn. Nissan Motor Co. racked up its first annual red ink in 11 years in the fiscal year that […]