Wednesday 27 July 2016
 
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Tesla’s Model 3 could generate $20bn yearly revenue

Tesla Motors chief executive Elon Musk said on Tuesday that the company's Model 3 could generate $20 billion in revenue per year and an annual gross profit of about $5 billion. A "modest capital raise" could be needed to fund Tesla's strategic plans, and new pro

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Dial-A-Battery expands fleet in UAE

UAE-based Dial-A-Battery, a 24x7 onsite battery replacement service, has announced that its fleet has now grown to 17 vehicles operating across Dubai, Sharjah and Abu Dhabi. Each vehicle provides professional, convenient and hassle free battery replacement service round-the-clock

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Opel Astra leads sales of European cars in Egypt

Opel Astra, a leading automaker, has maintained its position leading sales of European cars in Egypt between January and May, registering sales of 1,776 units worth EGP440.4 million ($49.5 million), said a report. Kia Sportage, manufactured in Slovakia, came in second with 1,366

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Euro Motors offers new fleet at Land Rover Experience Centre

Euro Motors, the exclusive dealer and distributor for luxury automotive manufacturer Jaguar Land Rover in Bahrain, has announced the renewal of the fleet of Land Rover vehicles currently available at the Land Rover Experience Centre Bahrain (LRE), located at the Bahrain International Circuit (B

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Hyundai launches IONIQ alternative-fuel cars

Hyundai has officially released its ground-breaking IONIQ range of alternative-fuel cars for sale during a recent global launch in Amsterdam, Netherlands. The IONIQ is the first Hyundai platform to be purpose-built for alternative-fuel drivetrains, and represents Hyundai’s

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Multi-use SsangYong XLV arrives in Bahrain

Motorcity, the distributor of a wide range of international passenger cars in Bahrain, has announced the arrival in the kingdom of the new SsangYong XLV, a multi-role lifestyle SUV with additional boot space. Following a rapid growth in the compact SUV market, SsangYong responded

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GM, Isuzu end pick-up truck tie-up

General Motors Co and Isuzu Motor Co have agreed to stop working together on developing midsize pick-up trucks made in Asia, as the US automaker focuses on the higher end of the market while the Japanese firm sticks to selling vehicles for everyday commercial purposes. The automa

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Daimler Buses unveils autonomous city bus

Daimler Buses, the world’s biggest bus manufacturer, has unveiled its autonomously driving city bus of the future, which recently drove for the first time on a route of about 20 km in Amsterdam, The Netherlands. On a section of the longest bus rapid transit (BRT) line in Eu

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CEO says Audi plans three electric car models by 2020

Audi aims to have three electric car models by 2020 and for electric vehicles to account for 25 to 30 per cent of its sales by 2025, chief executive Rupert Stadler told a German newspaper. Audi's electric cars push, reported by Reuters earlier this week, is part of a strategi

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Dubai to promote use of hybrid vehicles

The Dubai Supreme Council of Energy has adopted a strategy to achieve sustainable development to create a low-carbon economy and promote the use of hybrid cars and electric vehicles. Between 2016 and 2020, 2 per cent of all cars purchased will be either electric or hybrid vehicle

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