Uber’s new CEO will take on the challenge of driving the next wave of electric vehicles

The head of Uber Technologies Inc., David Drummond, has resigned, ending a four-year run for the top job.In a statement on Wednesday, Uber said he was stepping down in part because of a “significant conflict of interest.”It did not specify the nature of the conflict or what caused Drummond to step down.The announcement came after […]

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India’s new car rental policy will get a big boost in 2019

India’s government has announced a plan to bring cheap car rental to more rural areas, as part of a wider effort to modernise the countrys car rental industry.The National Car Rental Mission, which has been launched under the National Rural Employment Guarantee Scheme (NREGS), is expected to bring 1,000 new rental car rentals to rural […]

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What to know about the federal government’s proposed carbon tax: The best of the best

The federal government has unveiled a carbon tax that would raise about $40 billion over a decade, but many have questioned how that money will be spent.Here’s a guide to what you need to know.1.What is the carbon tax?The carbon tax is a set of tax rates set at various levels, ranging from zero to […]

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Car rental stocks jump 3% as vacationers flock to Tampa amid Trump administration

BOSTON (AP) Car rental companies are bracing for more traffic in the wake of President Donald Trump’s executive order banning travel to the U.S. from seven majority Muslim countries, raising hopes of an increase in the market.The new restrictions are expected to have a significant impact on car rental companies and drive up rents, although […]

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