• VW’s 2023 operating profit $24.4bn

    An increase in sales in North America and Europe lifted the profits.
  • Dubai Customs records 44% increase in declarations in 2023

    Dubai, UAE -– Customs declarations processed by the Inland Customs Centers Management of Dubai Customs increased by 44 percent, reaching 1.13 million customs declarations in 2023, compared to 790 thousand declarations in 2022. The total number of inspections for goods and travelers amounted to 198,478. The cleared goods' total weight...
  • In Middle East, ‘manufacturing’ is a new buzzword

    Form Saudi Arabia to the UAE, Qatar to Kuwait, governments of the region compete to jumpstart an industrial sector. But doubts remain whether it can be pulled off.
  • Nissan profit drops to US$195m

    Its sales in China slumped 35% from April to December.
  • Parisians vote in anti-SUV parking and pollution referendum

    Paris, France -- Parisians were voting on Sunday in a referendum on tripling parking costs for hefty SUV-style cars, a campaign that has drivers' groups up in arms against city hall. Some 1.3 million in the French capital are eligible to cast their ballot on the change, which would see cars...
  • Use of DEWA’s electric-vehicle green chargers up 59% in 2023

    Dubai, UAE -- Dubai Electricity and Water Authority (DEWA)’s EV Green Charger initiative witnessed a 59 percent increase in the usage of its Green Charger services for electric vehicles throughout 2023. By 31 Dec 2023, DEWA’s EV Green Charger initiative, aimed at promoting green mobility, recorded 1.14 million charging sessions...
  • China edges out Japan as world’s top vehicle exporter

    In recent years, China's auto sector has grown remarkably largely because of massive investments in electric cars, an area where Japanese firms have been more cautious. The JAMA figures showed that Japan shipped 4.42 million vehicles in 2023, compared with 4.91 million exported by China, as reported by China's automobile...
  • Saudi Dakar rally 2024 concludes with participation of 778 drivers, co-drivers

    Riyadh, Saudi Arabia - The city of Yanbu witnessed on Friday evening the closing ceremony of the 5th edition of Saudi Dakar Rally, and the 46th in the history of the world rally, after an exciting competition for 14 days in 12 stages, with a distance exceeding the 7,500 km....
  • Tesla’s Musk throws down the gauntlet

    Amid declining sales and safety concerns, CEO covets more control, seeking solace in SpaceX's success.
  • Rolls-Royce makes record deliveries

    It delivered 6,032 cars in 2023, the highest in its 119-year history.
  • Nissan to export EVs globally

    It would sell China-developed EVs all over the world.
  • Chinese BYD posts record Q3 profit

    The third-quarter profit of $1.42bn is its highest-ever single-quarter earnings.
  • Mercedes-Benz profit slumps

    The carmaker's net profit plunged 7% to US$3.9bn in Q3.
  • 15m electric cars will be shipped globally in 2023: report

    Dubai, UAE - Nearly 15 million electric cars, including both battery electric and plug-in hybrid vehicles, are expected to be shipped worldwide in 2023, Gartner, a global research firm says in its latest forecast.  The figure is anticipated to see a 19% increase in 2024, with a total of 17.9...
  • Tesla, Chinese EV brands jostle for limelight at German fair

    Chancellor Olaf Scholz will officially inaugurate the IAA mobility show, held in Germany every two years, on Tuesday. But Monday's press preview will already give carmakers a chance to show off some of the new models that will be hitting the road soon.
  • Classic cars back on the road – in Gaza City

    Around 2.3 million Palestinians live in the territory, which has been under a crippling Israeli blockade.
  • Iran carmaker Saipa supplies 2nd batch of cars to Venezuela

    Tehran, Iran – Iran's second-largest carmaker, Saipa, has successfully delivered another batch of cars to Venezuela as part of an automotive export and joint manufacturing deal signed during a visit by Iranian President Ebrahim Raeisi to Caracas in early June. According to a statement released by Saipa on Wednesday, the...
  • BMW to put in $218m in S Africa

    BMW's Pretoria plant has made over 1.6 million vehicles.
  • Nissan 2022 profit $1.6bn

    The company sold 3.16 million vehicles for the year to march 2023.
  • Saudi ports handle more than 2 million containers in first quarter

    Riyadh, Saudi Arabia -- The number of containers handled by Saudi ports in the first quarter of 2023 grew by 17.57 percent to reach more than two million standard containers, the kingdom's General Authority of Ports (Mawani) said. The number of exported containers during the first quarter of 2023 witnessed...
  • Jordanians look to replace gas-guzzling cars with electric versions

    Amman, Jordan--Jordanians are increasingly adopting electric cars in a push towards abandoning the fuel-guzzling cars that have become so hard to run in the face of high fuel prices. Speaking at a workshop on the future of eco-friendly vehicles in Jordan, Khalaf Humeisat, Chairman of the Board of Directors of...
  • A fifth of new cars in California zero-emission in 2022: data

    On Friday the California Energy Commission said 18.8 percent of new cars sold in the state in 2022 were EVs, PHEVs or fuel cell electric vehicles, all of which California includes in its zero-emission category. Ten years ago, that figure was two percent. "California continues to lead the zero-emission vehicle...
  • Saudi Ministry of Industry, Hyundai Motor ink MoU to build cars in Kingdom

    RIYADH, SAUDI ARABIA -  Saudi Ministry of Industry and Mineral Resources has signed a memorandum of understanding with Hyundai Motor Company for building an assembly plant in the country. The MoU was signed in the presence of  Minister of Industry and Mineral Resources Bandar Al-Khorayef, Minister of Economy and Planning...
  • Energy crisis driving climate-friendly power savings, says IEA

    PARIS, FRANCE - Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential" to tackle high prices, security and climate change, the IEA said on Friday. Governments have scaled up fossil fuel subsidies to cushion the impact of rising energy costs on households...
  • BMW Q3 net profit US$3.1bn

    Profit was due to high demand for pricier luxury models.
  • Sharjah Taxi to scale up its fleet of hybrid cars by 65 percent

    Sharjah, UAE— Sharjah Taxi intends to increase the number of its hybrid cars running on both fuel and electricity. The decision is in line with the Emirate’s vision to rationalize the use of energy, in accordance with its development goals and agenda. The company had previously completed hybrid vehicle conversions...
  • QIB partners with Loop

    They will promote eco-friendly alternative to personal cars.
  • Record volume handled by Saudi ports in eight months: Mawani

    Riyadh, Saudi Arabia---Saudi Ports Authority (Mawani) handled record tons of volume at the Kingdom's various ports from Jan-Aug this year. Against the 187 million tons during the Jan-Aug period in 2021, Mawani said Saudi ports handled more than 212 million tons this year, an increase of 13.59 percent. Statistics during...
  • Honda, LG to invest $4.4 bn

    Firms say construction of US plant to begin next year.
  • UAE-Germany non-oil trade surpasses $130 billion in 10 years

    The UAE-Germany non-oil trade exchange exceeded AED 478 billion ($130 billion) from 2012- 2021, according to data from the Federal Competitiveness and Statistics Centre (FCSC). The imports accounted for 89.5 percent of the total trade exchanges, while exports 3.5 percent and re-exports accounted for seven percent. The data showed that...
  • New trends drive Arab automotive growth

    From pre-owned cars to electric vehicles, a number of trends are driving the growth of the automobile sector in countries like the UAE and Saudi Arabia.
  • Saudi ports throughput tonnage rise by 7.18 percent during Q1

    The throughput tonnage at Saudi ports increased by 7.18 percent during the first quarter of 2022, reaching a total of more than 74 million tons, according to Saudi Ports Authority (Mawani). The number of transshipment containers increased by 5.91 percent, with a total of 1.3 million TEUs. Mawani said Saudi...
  • Sustainability drives region’s luxury car demand

    UAE, Saudi Arabia and Kuwait are the three top performing GCC markets when it comes to appetite for high-end cars, Hamid Haqparwar, MD of BMW Group Middle East, tells TRENDS.
  • Tesla recalls 128,000 cars

    The company said the fault could increase the risk of vehicle collision.
  • Iranians get behind wheel to mark 43rd anniversary of Islamic revolution

    Thousands of Iranians drove through Tehran on Friday to mark the 43rd anniversary of the country's Islamic Revolution, staying in vehicles rather than marching on foot amid Covid restrictions. Due to the pandemic, state television said this year, as the previous year, there should be "no gathering or marching" by...
  • Abu Dhabi Judicial Department sells 787 cars for $5 million at auctions

    The Abu Dhabi Judicial Department (ADJD) has organized five-car auctions at the Al Mafraq vehicle impound area over the past three months in which 787 cars of different types were sold. The vehicles were sold at competitive prices ranging from AED2,000($544.51) to 255,000($69424.77) and yielded a total of AED18.5m ($5m)...
  • Intel to build two chip factories

    The company will invest $20 bn, hire 3,000 new workers for the sites in Ohio.
  • Self-mobility a ‘promising business’: Ekar founder

    Car ownership could become a hobby only for wealthy people in future, says Ekar founder Vilhelm Hedberg.
  • Anaam land sale nets $22.6m

    The transaction will be reflected on Anaam’s Q3 financial results.
  • Demand for lithium boosts Tianqi’s net profit

    In a boost to China's Tianqi Lithium Corp, one of the world's top lithium producers, it posted its first net profit in two years on Sunday.
  • Automotive plastic sales to cross $9.5bn this year

    Increasing demand for commercial and passenger vehicles and flourishing automotive export industry are primary factors propelling the market growth, according to a survey by the Future Market Insights. 
  • Indian vehicle ecommerce firm Cars24 enters UAE market

    Indian-origin ecommerce platforms for pre-owned vehicles, Cars24, has entered the UAE market after its foray into Australia
  • Volkswagen to stop sale of combustion engines in EU by 2035

    The EU will unveil tougher 2030 CO2 emissions targets and regulatory proposals on July 14 The firm says it will take a little longer in South America and Africa due to the lack of infrastructure, political framework Volkswagen has said it plans to stop producing cars with internal combustion engines...
  • Egypt to have electric cars on its roads by next year

    Thirteen imported electric vehicles will be tested on Egyptian streets from next month The plan is in line with the global trend to have more less-polluting electric cars Taking a cue from the global trend towards manufacturing electric cars in bulk, Egypt will begin testing electric cars on the country’s...