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Saudi Arabia’s first self-driving vehicles launched in Thuwal campus
December 12, 2019

THUWAL — Heralding a new era in eco-friendly transportation and mobility research, King Abdullah University of Science and Technology (KAUST) has introduced self-driving shuttles onto its sprawling campus.

In a colorful ceremony held at its campus in Thuwal on the Red Sea Coast on Wednesday, KAUST President Tony Chan cut the ribbon to mark the launch of the Kingdom’s first self-driving vehicles.


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FLIR Wins U.S. Army Heavyweight Robot Contract Worth Up to $109M
December 7, 2019

FLIR Systems, Inc. (NASDAQ: FLIR) announced that its Kobra™ robot has been chosen for the United States (U.S.) Army’s Common Robotic System-Heavy (CRS-H) program. The five-year production contract to build upwards of 350 unmanned ground vehicles (UGVs) is worth up to $109 million.

The CRS-H program will give the Army a ‘program of record’ to build and sustain a fleet"...

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Velodyne Lidar Supports Next Generation of AV Developers in Formula Student Competitions
December 5, 2019

During the 2019 Formula Student, Europe’s most established educational engineering competition, Velodyne Lidar, Inc. contributed sensors to 20 university teams across Europe. The students used Velodyne lidar technology in powering the autonomous vehicles (AV) they built and placed into competitions throughout Europe. Student teams selected Velodyne Puck™, Puck Hi-Res™ and Ultra Puck™ sensors in their AV development. Among the Formula Student events where teams with Velodyne lidar competed were the Silverstone circuit in Northampton, U.K., Fiorano circuit in Maranello, Italy and Formula 1 circuit area near Hockenheim, Germany. This year in Hockenheim, 19 teams participated in the driverless challenge. The AMZ Racing Team from ETH Zürich dominated the Hockenheim event, winning......

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Saudi-funded Lucid Motors breaks ground on new US manufacturing hub
December 4, 2019

Saudi-backed Lucid Motors, a rival to Tesla in the electric vehicles market, has broken ground on a new manufacturing facility in Arizona, which will be used to build the Lucid Air electric sedan.

According to the company, in which Saudi Arabia’s Public Investment Fund (PIF) last year executed a $1 billion investment, production will begin in late 2020.


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Taajeer Group launches MG HS in Saudi Arabia
December 1, 2019

RIYADH — Taajeer Group, the exclusive dealer for MG cars in Saudi Arabia, has announced the launch of the latest model at its showrooms in Saudi Arabia, the all-new MG HS. With its powerful turbo engine, dynamic styling and wide range of great features, the MG HS has been designed to put the ‘sport’ back into SUV.

Offering a 231hp 2.0L Turbo engine mated to a 6-speed dual clutch gearbox, Super Sport button, bucket racing seats and red"...

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Isuzu Challenge from Saudi Arabia to Bahrain successful
December 1, 2019

JEDDAH — Isuzu Motors International renewed its successful experience with the new Isuzu “D-Max” and “mu-X” models 2020 by showcasing their fuel-efficient engines starting from Jeddah which is in the west coast of Saudi Arabia, to the Kingdom of Bahrain via Riyadh in the first challenge for Isuzu models to travel a distance between two countries of 1,430 km without the need to stop and refuel, making another achievement for the Isuzu"...

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Saudi Fund for Development in Collaboration on Social Infrastructure Projects in Djibouti
November 30, 2019

The Saudi Fund for Development (SFD) recently signed an agreement for a grant package worth over USD $9 million to fund the design and construction of a water distribution network, a judicial courthouse and infrastructure projects in Dijbouti, marking the latest in a series of the SFD’s development projects in the country.

The Vice-Chairman of the SFD, Dr. Khaled bin Sulaiman Al Khudairy,"...

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Taulia Clients Airbus and Sasol Recognized at the 2019 Supply Chain Finance Awards
November 30, 2019

(AETOS Wire)-- The Supply Chain Finance (SCF) Awards showcase companies’ achievements in demonstrating best practice and innovation in supplier finance. Announced on 28th November at a presentation ceremony at Amsterdam’s Beurs van Berlage, this year’s SCF Awards brought double success for Taulia’s clients, with Airbus and Sasol both recognized for their considerable achievements.


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Maserati’s innovation on board the Multi 70 trimaran
November 28, 2019

MODENA — Maserati enters into a new era of innovation and launches a process for the transfer of technological know-how from the world of cars to the world of high-performance yachts: the engineers of the Maserati Innovation Lab in Modena and Giovanni Soldini, skipper of Maserati Multi 70, take center stage.

A collaboration between people moved by passion, adrenaline and the search for maximum performance, values that have been shared by Maserati"...

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Audi to slash 9,500 jobs in Germany by 2025
November 27, 2019

FRANKFURT — German luxury carmaker Audi said Tuesday it planned to slash 9,500 jobs in Germany by 2025 as part of a massive overhaul to help finance a costly switch to electric vehicles.

The job cuts will be achieved through an early retirement program and natural turnover at its two German plants, the company said in a statement.

At the same time, the Volkswagen subsidiary said it would create 2,000 new jobs in the areas of electromobility"...

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