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Lebanese auto group opens new showroomRasamny-Younis Motor Company (Rymco), a leading vehicle retail dealership in Lebanon, has opened its flagship motor sport store in Mathaf area of the country. The new flagship store, pertaining to newly equipped workshops and offi More… |
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Famco launches new branch in OmanAl-Futtaim Auto & Machinery Company (Famco), a leading distributor of commercial vehicles, construction and industrial equipment, has opened its new branch in Muscat as part of its regional expansion plans. The new branch was inaugurat More… |
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Toyota set to treble profit as sales accelerateToyota Motor Corp, Japan's top automaker, expects to treble its operating profit this year to more than $12.5 billion, its highest since the financial crisis sent the global car industry skidding. Operating profit jumped more than five More… |
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Everyone’s a winner at KFH AutomallBahrain's KFH Automall will offer customers a unique opportunity to not only receive an instant free gift with every purchase of a car, but also to be entered into a grand prize draw and win a Suzuki Grand Vitara this Ramadan. Every effor More… |
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Auto paints in short supply after Japan quakeThe shortage of a specialty pigment that gives cars a glittering shine has prompted automakers to temporarily restrict orders on vehicles in certain shades of black, red and other colours. Major automakers, including Chrysler Group, Toyota More… |
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Ford posts surprise profit, sees solid 2011Ford Motor posted a $1 billion quarterly profit on Monday, defying Wall Street forecasts of a loss, as it cut costs and gained market share, leading it to raise its 2011 outlook to 'solidly profitable' from break-even. Ford's shares surged More… |
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Obama orders tough medicine for GM, ChryslerPresident Barack Obama seized the wheel of the failing US auto industry on Monday, forcing out General Motors Corp's chief executive, pushing Chrysler toward a merger and threatening bankruptcy for both. Major US stock indexes opened More… |
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Ghabbour could make $180m buyGhabbour Auto, Egypt's largest listed auto maker and assembler, could spend as much as 1 billion Egyptian pounds ($180 million) on acquisitions to take advantage of low prices, its chief executive said. Ghabbour was looking to buy auto More… |
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Toyota to halt output for 11 days as sales slumpToyota Motor Corp, the world's biggest automaker, is to halt production at all its Japanese plants for a total of 11 days in February and March in a bid to reduce stocks of unsold cars as demand has slumped. Toyota's sales in the United St More… |
New Mazda6 Ultra set to hit roadsThe all-new Mazda6 Ultra, the car that claims to change the concept of sporty sedans, is soon going to be unveiled at the Motor Show in Oman. Touted as a family car, the Mazda6 Ultra will appeal to all, especially to families who love sed More… |
