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AUTO

Saudi automotive sector logs SR20b yearly sales
August 16, 2017

The kingdom of Saudi Arabia is considered one of the largest automotive markets in the Middles East, and the biggest importer of cars in the GCC. According to the latest reports, the annual sales of automotive in is almost SR20 billion, considering more than 600,000 new cars entering the market on a yearly basis.

Harboring more than 300 assembly and car accessories factories, amounting to 60% of the factories in the GCC, Saudi Arabia is considered the"...

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The Peninsula Classics Best of the Best Award for 2016 Awarded to 1954 Maserati A6GCS/53 Berlinetta by Pinin Farina
August 16, 2017

At a highly-anticipated private gathering during the famed Monterey Car Week, a 1954 Maserati A6GCS/53 Berlinetta by Pinin Farina, from the Monaco-based Destriero Collection, was named winner of the prestigious second-annual The Peninsula Classics Best of the Best Award. Only four Berlinetta-bodied sports cars from Pinin Farina were ever produced, and this exquisite model is considered to be the best preserved, as it is the only one that retains its original chassis and body. Custom ordered by the Roman dealer of the marque, the sports car is based on the very successful 2-liter racing car developed by the Maserati brothers. Its uncompromising sporting style is highly representative of the coachbuilding artistry of the 1950s, helping it win Best in Show at last year’s Concorso d’Eleganza......

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Yamaha Motor Achieves Record First-half Earnings
August 8, 2017

Yamaha Motor Co., Ltd. (TOKYO:7272)(ISIN:JP3942800008) announced today that in the first half of its fiscal year ending December 31, 2017, consolidated net sales of 828.1 billion yen were up 6.4% from the previous year. The company achieved all-time highs in operating income of 82.2 billion yen (up 25.7%), ordinary income of 83.5 billion yen (up 51.1%), and net income for the period attributable to parent company shareholders of 60.8 billion yen (up 87.5%). In emerging markets, motorcycle sales rose and operating income was significantly higher thanks to sales of higher priced products and cost reductions due to the advancement of platform-based products. In developed markets, motorcycles, marine, industrial machinery & robot products and electrically power-assisted bicycles contributed to increased......

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BORGWARD BX7 SUV granted quality certification from European Whole Vehicle Type Approval (WVTA)
August 6, 2017

The BX7 SUV, one of the first new models of the BORGWARD Group AG to be launched in the GCC, is granted the European Whole Vehicle Type Approval (WVTA) certificate.

The E.U.'s latest WVTA certification is based on the European Economic Commission Regulations and European Union Directives and Regulations. Considered the strictest certification system, WVTA testing is part of a well thought"...

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Inteva Products Receives International Innovation Award for Structurally Integrated Panoramic Sliding Sunroof 
August 1, 2017

(ME NewsWire)-- Inteva Products, LLC, a leading global Tier One automotive supplier of engineered components and systems, received its second consecutive innovation award in the annual Innovation Awards program sponsored by the European Association of Automotive Suppliers (CLEPA). This year’s recognition was for Inteva’s structurally integrated panoramic sliding sunroof developed in cooperation with Daimler for"...

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Saudi Arabia Using Canadian Armored Vehicles in Crackdown on Own People
July 30, 2017

Ottawa has expressed “deep concerns” over the Saudi kingdom’s apparent use of Canadian military equipment in its growing crackdown against its minority Shia citizens in the restive Eastern Province.

Canadian daily Globe and Mail reported Friday that Foreign Minister Chrystia Freeland “is deeply concerned about this situation and has asked officials to review it immediately,”"...

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Together for Safer Roads Names David Braunstein As President 
July 20, 2017

(ME NewsWire)-- Together for Safer Roads (TSR), a coalition of global private sector companies, announced today that David Braunstein will join TSR as president on July 24. Braunstein is a seasoned business leader with deep global and emerging technologies experience within the private sector.

“Safe roads are important to our families, communities"...

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New BORGWARD Manufacturing Facility in Germany to Benefit Global and Middle East Drivers
July 17, 2017

BORGWARD Group AG, the global automotive manufacturer, has unveiled details of its new production facility in Germany that, in the future, will supply automobiles to key global markets including the Middle East.

The homecoming of the brand marks its rebirth guided by the BGW strategy - BORGWARD brand, German engineering and worldwide footprint. With"...

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