UAE most attractive Arab destination for auto investment, business
Kuwait -- The UAE has topped the Arab list as the best and most attractive destination for investment and business in auto sales activity for 2024, Arab Investment and Export Credit Guarantee Corporation (Dhaman) has said.The Kuwaiti-based Dhaman organization stated in its fourth sectoral report for 2024 on the automotive...
TSMC starts work on first European plant
TSMC is investing $3.9bn in the Dresden project.Tesla auto deliveries beat expectations
Electric carmaker Tesla saw its shares surge on Tuesday.
Shanghai to build 200 smart factories to shore up its manufacturing status
Shanghai, China--Shanghai plans to build 200 new smart factories and 20 demonstration sites by end of 2025 after 70 intelligent plants in 2023, officials announced, solidifying its intelligent manufacturing stronghold, according to China Daily report.Covering auto, equipment and IT, this year's batch features life-cycle, process and supply chain enhancements. As...
Bosch to cut 1,500 jobs
The firm said the cuts will be completed by the end of 2025.
Delta posts Q3 profits of $1.1b Â
The company’s revenues rose 11 percent to $15.5 billion.
China-Arab States Expo kicks off, highlighting deep trade ties
Yinchuan, China--The sixth China-Arab States Expo commenced today in Yinchuan, northwest China's Ningxia Hui Autonomous Region, marking yet another chapter in the ever-expanding economic and trade nexus between China and its Arab counterparts.Spanning a sprawling 40,000 square meters, the Expo boasts an offline exhibition arena with participation from over 1,000...SEDD designates specific areas to run auto spare parts business
Sharjah, UAE--In order to create a competitive and diversified economy, the Sharjah Economic Development Department (SEDD) has reorganized many economic activities to be conducted in certain areas.This amendment comes in line with the economic vision of the government of Sharjah to achieve well-being and prosperity for citizens and residents.This reaffirms...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...Auto industry races into metaverse at CES technology show
Las Vegas, United States--Allowing the driver of an autonomous vehicle to watch a movie, a dealer to sell automobiles from a "virtual" car lot, or an engineer to simulate how a new part fits: the auto industry is getting a tantalizing taste of the metaverse at the huge CES technology show.One...
What 2023 has in store for the GCC auto industry?
A number of other things will also influence the auto industry this year. The most obvious being the expectation of a looming recession and rise in inflation in 2023. Whilst it is understandable this will impact the GCC, the effects won’t be felt here as strongly as in other regions,...Algorithm can sort out traffic mess: Israeli IT firm
Israel's traffic congestion ranks near the worst among developed economies but an algorithm can help, says one of the country's IT firms engaged in the auto and mobility sector. ITC, or Intelligent Traffic Control, was one of the artificial intelligence players at Tel Aviv's recent EcoMotion showcase where high-tech and...Auto alliance to invest $25 bn
The investment in electric vehicles spread over next 5 years.
The chips are down: why there’s a semiconductor shortage
The car industry has been the most visible victim so far, with many brands forced to slow their output in recent months.
