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Honda’s never-used plant finally starting up

Bloomberg Honda is finally planning to open its newest factory in Brazil, idle since it was built in 2015. But not for the reason they originally intended. The carmaker built the Itirapina, São Paulo, plant for 1 billion reais ($290 million) with the plan of doubling its capacity in the country. Instead, the automaker will transfer operations to the facility ...

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Ola wants a million electric rides in India by 2021

Bloomberg Ola, Uber Technologies Inc.’s fiercest Indian competitor, wants to roll out 10,000 electric three-wheeled rickshaws within a year and a million battery-powered vehicles by 2021. The startup run by ANI Technologies Pvt said it’s in policy discussions with several state governments, and is talking with potential partners from automakers to battery producers. It aims to build out an existing ...

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Singapore home sales show signs of recovery, rise to 4-month high

Bloomberg Singapore home sales jumped to the highest in four months in March amid signs the property market is recovering. Developers sold 716 units, the Urban Redevelopment Authority said. That’s more than a revised 384 units in February and the highest since November. Still, sales are running at a slower pace than early last year. The city-state’s housing market is ...

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