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Saudi media delegation visits Hyundai Motor R&D Center
August 19, 2019

SEOUL —At the invitation of Yousuf Mohamed Naghi Motors Company – Hyundai, a Saudi media and press delegation visited Hyundai Motor’s headquarters at Korean capital, Seoul. The delegation was received by the company’s senior officials, whom briefed the delegation on the latest production and design technologies of Hyundai. The Saudi delegation, as well, participated in a press conference held by the company for launching both Hyundai Sonata"...

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Saudi's Mohamed Yousuf Naghi Motors signs Ford and Lincoln dealership
August 17, 2019

Saudi Arabia’s Mohamed Yousuf Naghi Motors (MYNM) has acquired the Ford and Lincoln distributorship in the western and southern regions of the kingdom from Al Jazirah Vehicles Agencies Co (AJVA).

AJVA will continue its representation for both brands in the central, eastern and northern regions.

Randy Krieger,"...

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Velodyne Files Patent Infringement Complaint with ITC Against Hesai and RoboSense
August 17, 2019

Velodyne Lidar, Inc. filed a patent infringement complaint with the U.S. International Trade Commission (ITC) against Hesai Photonics Technology Co., Ltd. and Suteng Innovation Technology Co., Ltd. (a.k.a. RoboSense) for violations of section 337 of the Tariff Act of 1930 which makes unfair methods of competition and importation of certain products into the United States unlawful. Earlier this week, Velodyne also filed patent infringement complaints against Hesai and RoboSense in the U.S. District Court for the Northern District of California. Velodyne is asking the ITC to investigate these lidar manufacturers for unlawfully importing and selling lidar sensors that infringe Velodyne’s patented lidar technology (U.S. Patent 7,969,558). Velodyne requests the ITC issue permanent limited exclusion......

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Mohamed Yousuf Naghi Motors acquires Ford and Lincoln dealership in Saudi Arabia
August 14, 2019

DUBAI (Reuters) - Saudi automotive company Mohamed Yousuf Naghi Motors has acquired the Ford Motor and Lincoln distributorship from Al Jazirah Vehicles Agencies Co in the western and southern regions of Saudi Arabia, the law firm advising the deal said on Wednesday.

Law firm Abdulaziz Alajlan & Partners advised the Saudi group on the acquisition as well as the negotiation and execution"...

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Yamaha Motor Reveals Rise in Consolidated Sales
August 8, 2019

Yamaha Motor Co., Ltd. (TOKYO:7272) announced today that for the first half of the fiscal year ending December 31, 2019, consolidated net sales were 855.9 billion yen, an increase of 0.5% from the same period the previous year. The company experienced a 16.1% decrease in operating income of 13.2 billion yen, while ordinary income fell 9.1% to 70.2 billion yen and net income for the period attributable to parent company shareholders was down 8.4% to 52.2 billion yen.

"...

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F1 said to be in talks on holding race in Saudi Arabia
August 7, 2019

The UK's Times reported that there have been discussions held between the two parties and teams have been asked for their views on racing in the Gulf kingdom which has recently held its inaugural Formula E race weekend.

The Times said Liberty Media, the new owner of the sport, is eager to grow its audience in the Middle East where races are held in Bahrain and Abu Dhabi.

It"...

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For Genesis exec Altar Yilmaz, Mideast is the region to develop a true luxury brand
August 4, 2019

The speedometer was touching 120 km per hour on Sheikh Zayed Road, and I sat behind the wheel of a gutsy Genesis G70 sports sedan owned by Altar Yilmaz.

“This is the best car I’ve ever driven,” he said. After a career with some of the best-known motor brands in the world, that was quite a testimony, and I am sure the 50-year-old general manager of Genesis operations in"...

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Souq Al Haraj for Cars finalising standardized contract for the sale of used cars
August 3, 2019

Management of Souq Al Haraj for Cars in Sharjah announced that the standardized contract for the sale of used cars is in the final process of drafting and will soon be approved. The announcement was made during the meeting which was held in Souq Al Haraj where there were discussions regarding the final details of the new contract. The meeting was attended by representatives from Souq Al Haraj management, Sharjah Police and Sharjah Economic Development Department.

"...

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Grab investing $2bn for 5 years in Indonesia
July 30, 2019

JAKARTA — Ride-hailing giant Grab is investing $2 billion in Indonesia over the next five years, using funds from Japan's SoftBank Group to boost its presence in Southeast Asia's biggest economy, the firms said Monday.

The Singapore-based firm has seen its business grow rapidly since it bought US-based rival Uber's regional ride-hailing and food business in March last year in exchange for a 27.5 percent stake in Grab.

Its"...

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Shell launches a new range of fluids in Saudi market
July 29, 2019

JEDDAH — Shell Lubricants has launched a new range of fluids specifically designed to work in battery electric vehicles (EVs). These E-Transmission Fluids, E Thermal Fluids and E-Greases will make battery EVs perform better and be more efficient.

Shell Lubricants said it has been working closely with automotive and component manufacturers to engineer these 'first-fill' fluids that effectively and efficiently meet a broad range of battery"...

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