Car sales in Saudi Arabia will hit SR94 billion ($25 billion) in 2013 amid plans of manufacturing automobile parts and assembling cars, organisers of an upcoming motor show in Riyadh said on Sunday. The Riyadh Motor Show 2012, the 29th international...
Aabar Investments minimized its holdings in the German car maker Daimler after the value of its investment saw a jump. It is worthwhile mentioning that the Abu Dhabi based company injected €1.95 billion (Dh9.41bn) into Daimler at the height of...
State-owned power supplier Abu Dhabi National Energy (TAQA) announced it has sold its 7% stake in US electric carmaker Tesla. TAQA, in which the Abu Dhabi government owns a 75% stake, said it made a profit of $113m on the...
A US company has displayed a new prototype car at the New York International Auto show that is licensed not only to drive but also to fly. “This street legal aeroplane is the world’s first vehicle to have met both...
A-MAP Successfully Launches Products at Commercial Vehicles Middle East Exhibition Dubai, United Arab Emirates: Dubai continues to maintain its position as the Middle East's automotive hub, following the extremely successful Commercial Vehicles Middle East (CVME) exhibition this month. The lack of...
Toyota has announced it aims to sell hydrogen powered cars in the “tens of thousands” by 2020, a significant commitment to fuel-cell technology by one of the industry’s top car making company. The Japanese automobile giant said it planned to...
The Mobile World Congress is held every year in Barcelona, Spain, during the last week of February. The aim of this the largest consumer mobile phone trade show in the world is to introduce some fascinating mobile technologies and concepts...
At a time when authorities around the world are trying to put curbs on various distractions while driving, including talking on mobile phone, automotive industry seems to be putting more advanced technologies and gadgets into our automobiles. Last week's International...
Prestigious carmaker Rolls-Royce reported record annual sales ever in its entire history?thanks to the penchant of the newly rich from the emerging markets for luxury cars. The BMW owned outfit reported it delivered 3,538 cars to customers in 2011, compared...
  Delhi Auto Expo 2012 has geared up to unveil around 50 new models of both national and international car and motorcycle manufacturers, many of them eco-friendly. There will also be fuel efficient and new SUV car models that will...
From the last few years, flashy cars have made a big impact in the Indian car market and has registered a meteoric rise in sales. Executives and CEOs in India are finding themselves incomplete without owning a sleek Germany...
Imagine, you have to drive from Dubai to Abu Dhabi along Shaikh Zayed Road. It would be an approximately 90 minutes drive but would it not be more productive, and perhaps, relaxing if you were 'driving' in a driverless...
China has announced its plans to impose anti-dumping duties on some US-imported vehicles with engine capacity above 2.5 litres. The Ministry of Commerce in a statement Wednesday said several US companies including General Motors, Chrysler Group ?and American Honda...
Toyota introduced a new 86 coupe model sports car as part of reinventing itself beyond its best-selling Camry sedan and Prius hybrid.?The Japanese carmaker has been under intense pressure to maintain its top position in the world, especially after...
Toyota Motor Corp, world?s largest car making company, is gearing up to unveil its hydrogen fueled sedan car at Tokyo Motor Show which will be held early next month. Prius, Toyota's hybrid vehicle, has been the best selling car in...
Increasing cost of raw materials and currency fluctuations resulted in declining profits of TATA Motors as its second quarter net income shows a decline in comparison to last year. Bloomberg estimates a drop in profit by Rs20.9 billion ($411 million)....
With the Middle East predicted to witness unprecedented growth within the luxury car segment over the next five years, luxury car manufacturers like Audi, Mercedes, Rolls Royce, Aston Martin are set to showcase their most dazzling models at this...
German automobile industry is facing a lack of engineers?despite staggering sales. Both Porsche and BMW are looking to expand operations in Germany but fear a shortfall of graduate engineers that might impact their production capacity. According to a recent Bloomberg...
The Frankfurt Motor Show, the largest in the world, kicked off in the German city on 13 September with carmakers showcasing their latest products.?The Frankfurt Motor Show is held every two years under the aegis IAA (Internationale Automobil-Ausstellung). Carmakers at...
Toyota plans to build the vital components of its third Prius hybrid car model from China, a move to boost sales. Toyota will have a joint venture with China FAW Group Corp, a leading Chinese carmaker and plans to...
Honda Motor Company's Middle East wing will recall 2,698 Honda City and CRV vehicles in the UAE. Arjit Basu, general manager sales, said due to possible defective power window switches the company will recall Honda vehicles. Globally, Japan?s Honda Motor is...
Audi AG is leading an optimistic drive among major automakers to bolster production, with the luxury car maker on a dynamic hiring spree to expand its production capacity by as much as 57%. These moves come at a time...
Rising prices for used luxury automobiles are driving more buyers to new-car of the same model. BMW?s 2011 3-series compacts and M3 sedans are now only a mere $34 a month than the one-year-old used models, according to Edmunds.com....
Location: Dubai The Story 5 employees of Al Ahli Driving Institute were caught for taking bribes from students and have been sentenced to 6 months in prison. The amount of the bribes taken by each man totaled to Dh 34, 000. The...
Nissan Motor Co said on Sunday it aimed to boost its sales in Japan in a move that would also help reduce exports by as much as a third and reduce the impact of the yen's crippling strength. As the...
The UAE automotive trade experienced a growth spurt of a $ 1.9 billion from 2009 to 2010 (a 19.7 % rise). Additionally, for both the years, the imports of all car types increased by 31.3%. The figures were drawn by...
It has been a year-over-year sales gain for Chrysler Group, with a sales of 93, 313 since last July. It is a 20% increase that has topped the 16th month of a continuous gain in sales. Jeep was ahead in...
Place UAE Story Honda cars recalled in UAE? Objective To assess the problem with Honda Civic cars. As many as 7, 000 Honda Civic cars are recalled by the company due to the faulty water cooling system, which did not stop the car?s engine. The...
The Dubai International Motor Show (DIMS) has certainly moved up many strides since its inception 11 years back. In UAE's calendar, it is the most awaited biggest event this year. November is expected to be the busiest month on wheels...
The opening of Ferrari World generated a lot of buzz in the UAE, not just because of the prestigious brand but because there have been no new theme parks in the country for years. Located on Yas Island, the...