BMW and Daimler also said they were open to buying or investing in tech start-ups.

Contractors are excavating and casting the first clusters of over 460 concrete and steel piles required to support the seven flyovers’ 42 pillars.

The move is aimed at making the car more affordable.

Works inside these tunnels will commence this year, as soon as the required contractors are identified through the ongoing procurement processes.

Furthermore, new car importers who want to upgrade their garage to be able to service electric vehicles while training staff for this new technology will be eligible for a grant worth up to €25,000.

The company’s former chairman and CEO, Carlos Ghosn, remains imprisoned in Japan.

Drivers may also need to get an International Driving Permit (IDP) to drive abroad, in the case that no Brexit deal is reached.

However, both Ford and Volkswagen made it clear that the deal is not a merger.

Transport Minister Ian Borg said this initiative would help parents refrain from using their private vehicle, especially during hours when traffic was heavy.

Appearing in court for the first time since his arrest last November, Mr Ghosn told the court he had been "wrongly accused and unfairly detained.”

Mr Musk said that the ‘Gigafactory 3’ would start Model 3 production at the end of year.

On the other hand, more than 1 in 5 people could not afford a car in Romania, Bulgaria, and Hungary.

CEO Andy Palmer added that as the rich get richer, they wanted more personalisation, and dismissed the notion that there was a slowdown in key markets.

Carlos Ghosn has been accused by Nissan of under-reporting his salary and using company assets for personal use.

CEO Carlos Ghosn was arrested in Japan on Monday after allegations of financial misconduct.

Chairman Joseph Gasan's father signed one of the first concessionaire agreements for the Ford Motor Company with Henry Ford himself.

290,000 of the cars affected were in Europe.

Honda said it wanted to develop a self-driving car that could be mass-produced.

The scheme works by enabling the public to use cars for one-way journeys placed at strategic spots around the island.

Ola Kaellenius will also be the first Daimler boss without a mechanical engineering background.

"We have come to the conclusion that we would like our future to be diesel-free," said Porsche CEO Oliver Blume.

With the introduction of their contemporary Cross Over Utility (CUV), affectionately named the Tivoli, SsangYong have shown that they are able to compete with some of the biggest industry names in the popular crossover market.

The company’s first SUV, Purosangue, will be launched at the end of the five-year period.

The final Beetle models will be available in both coupe and convertible styles.

The stock of licensed motor vehicles increased at an average net rate of 33 vehicles per day, and more than half of them were 'used'.

By the end of June 2018, the stock of licensed motor vehicles stood at 379,338, an increase of 3.8 per cent over the same quarter in 2017.

The aim of the scheme is to improve air quality levels by reducing the number of old motor vehicles from our roads and by promoting the purchase of battery electric vehicles.

IOScoot makes "the convenience and the flexibility of the electric scooter accessible to the public."

Concerns about air quality and emissions standards will impact sales figures harder as the years go by.