Troubled automobile firm Mobius Motors Kenya has been fully acquired by Middle East-based investment and technology firm ...

Kenyan SUV manufacturer Mobius Motors has resumed operations following a takeover by a Middle East-based firm. The investment ...

A POPULAR shop which offers car parts, camping equipment and DIY products has announced it is closing, leaving dozens of locals ‘gutted’ and many of its staff jobless.  The store, which has been ...

The company was launched in 2010 and has since experienced a rise, fall and another rise as it aims to stamp its authority in ...

EV maker Nikola Corporation filed for Chapter 11 bankruptcy protection on Wednesday after the embattled company faced “significant" macroeconomic challenges.

Squibb Group’s liquidators say they have had “significant difficulty” finding millions of pounds worth of plant and other ...

In the wake of a high-profile scandal and a recall that rocked the company to its core ... joining EV startups like Fisker and Lordstown Motors in bankruptcy. Given its tumult and headwinds ...

The CEO of Canoo is buying nearly all of the defunct EV startup's assets out of bankruptcy, according to a court filing. A ...

At its 2020 peak, Nikola was valued at $27 billion, had signed a multibillion-dollar agreement with General Motors (GM ... s bankruptcy liquidation plan, allowing the company to sell off its ...