Sunday 2 August 2015

France to sell 5pc Renault stake

France is preparing to sell the five per cent Renault stake it had acquired earlier this year to secure a doubling of voting rights for longer-term investors, Economy Minister Emmanuel Macron said in an interview published on Thursday. "Going forward, we will sell the 5 per


Audi to showcase OLED technology at IAA Frankfurt

Audi is set to present its next step in automotive lighting technology at the upcoming IAA in Frankfurt. The new Matrix OLED lights will enable a previously unattainable level of lighting homogeneity, opening up further creative opportunities for design, said a statemen


Kia to supply Quoris sedans to Kuwait National Assembly

Kia Middle East and Africa has won a deal to supply 60 units of the Kia Quoris to the Kuwait National Assembly. The National Agencies Group, will take on the responsibility of supplying the fleet, said a statement. Ahmad Al Mutawa, chairman of National Agencies Gro


BrandZ names Toyota ‘most valuable automobile’

BrandZ, a leading popular brand of cars in Saudi Arabia, has named Toyota the most valuable automobile brand in the world. The BrandZ Top 100 rankings were compiled for the tenth year in a row by Millward Brown, a top branding consultant, said a statement. Dr Adel


Iran automotive market 'on edge to take off'

Iran automotive market is set for a major boost as customers wait for foreign manufacturers to launch operations in about six months’ time when the country will be  business-ready following the deal with world powers, a report said. Within this timeframe, the US Congre


Toyota launches 'dream car' contest

Toyota, a leading automotive manufacturer, has launched the “Dream Car Collection” contest, which will feature children’s creative ideas on car design. As many as 93 pieces of artwork from 81 countries were selected and will be animated and showcased on the campaign s


Anti-French backlash 'hitting Peugeot’s Iran plans'

Peugeot Citroen's talks on a manufacturing venture with Iran's biggest carmaker are being undermined by anti-French sentiment in the country, Chief Executive Carlos Tavares said on Wednesday. Peugeot has "developed proposals" with historic partner Iran Khodro, T


GM Egypt launches new pick-up vehicle

General Motors Egypt launched on Wednesday the sixth generation of its Chevrolet product following an E£180 million ($22.9 million) upgrade of its production facilities, said a report. The new Chevrolet Dabbabah builds on General Motors’ (GM) success since the 1980s i


Major accidents take place on Bahrain roads

Chaos reigned on Bahrain’s roads yesterday (July 28) with four serious accidents, a vehicle fire and a motorcyclist killed in a hit-and-run. It began early, when a head-on collision at the Seef intersection of Shaikh Khalifa bin Salman Highway left four people injured &ndas


Al Talayi launches new Bridgestone tyre

Al Talayi Company, the sole agent of Bridgestone tyres in Saudi Arabia, launched the new ‘Turanza T001’ tyre at a special event held in Jeddah, Saudi Arabia, for its customers in the kingdom. The event showcased the various technologies incorporated into the Turanza T

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