#automotive

Toyota

Toyota sees vehicle production recovery in 2023, with some risks

The Japanese auto manufacturer made 9.7 million vehicles in 2019

Tesla

Dubai Islamic Bank launches financing solution for future Tesla owners

The fully digital financing process will make it easier for Tesla customers to apply for auto financing and improve their buying experience

BMW

BMW Group, AWS partner to develop new cloud technologies

The collaboration will focus on cloud-based infrastructure for BMW’s vehicle data processing and provision

XA Group

UAE’s XA Group rolls out blockchain-based solution to end impasse over claims recovery

Abu Dhabi National Insurance Company, Emirates Insurance Company, Yas Takaful and Oriental Insurance Company are among the first to adopt the solution in the UAE

Audi Formula 1

Audi to join Formula 1 with racing car running on synthetic fuel

Audi will build a dedicated Formula 1 power train at a facility in Neuburg, Germany

W Motors

Luxury hypercars manufacturer W Motors ventures into metaverse

W Motors is launching HyperWolves NFTs, representing the spirit animal of its cars, the Wolf

Mclaren

McLaren raises $150m from shareholders with cash low

Shareholders include Bahrain’s sovereign wealth fund Mumtalakat, investment firm Ares Management Corporation and Saudi Arabia’s Public Investment Fund

Lotus Eletre

Lotus Cars inaugurates new Dubai showroom

As part of its ongoing transformation, Lotus has also opened its new sports car manufacturing facility in Hethel, England

Audi e-tron

Audi Middle East reports best monthly sales in April this year since Dec 2016

While Audi e-tron GT has reported strong sales numbers, other models doing well include Q3, Q5, Q7 and Q8

Subaru automaker

Subaru to spend $1.9bn on battery capacity, add EV line

The automaker has started receiving orders for its Solterra model, its first all-electric SUV developed with Toyota

Stellantis

Stellantis to buy Mercedes and BMW’s car-sharing venture

The acquisition comes a little over a year after the mega-merger between Fiat Chrysler and PSA Group

Ford announces Lincoln Star electric SUV concept

The automobile manufacturer plans to introduce four new EVs into its Lincoln lineup by 2026

Getty Images - automotive

Trends that will shape the automotive industry in 2022

Ben Barber, MD at XA Group explains why the following trends can be a critical element in deciding your success if you work in the automotive industry

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Panasonic to spend $5bn on EV cells, supply chain software

The Osaka-based firm will invest 400 billion yen in growth areas including electric vehicle cells

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Here are the top five automotive technology trends for 2022

Gartner analysts predict that by 2030, there will be four times as many level 4 autonomous robotaxis operating globally than there are taxis in 2022

Why automotive apps are the future of car rentals

In an exclusive interview, Soham Shah, CEO at Selfdrive shares how apps are dominating the automotive space, allowing customers mobility at fingertips

How to best fund a sustainable future

The main challenge: capital markets do not yet fully understand what the rule book for sustainable investing looks like

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Six million electric cars will be shipped in 2022 – Gartner

Electric cars will represent 95 per cent of total EV shipments in 2022 and the remainder will be split between buses, vans and heavy trucks

How Bosch Car Service has evolved over the last 100 years

Cars will no longer be purely mechanical products – instead, they are evolving into road-based computers, says Arda Arslan, VP – Automotive Aftermarket at Robert Bosch Turkey, Iran and Middle East

UAE’s Al-Futtaim Group launches first Volvo electric car in the region

The full-electric XC40 BEV compact SUV was unveiled at the newly launched Volvo Studio located in Dubai Festival Plaza, Jebel Ali

Gargash Group announces technical talent programme for UAE Nationals

iStar technical apprenticeship will be the second programme under Gargash Group’s overarching Emiratisation drive

Saudi automotive startup Speero closes $1.8m pre-series A funding round

Launched in 2017, Speero is a digital platform for automotive after-sales

Tesla Electric Vehicle

The rise of electric mobility in the Middle East – time to make the switch?

The International Energy Agency’s Global EV Outlook 2020 report found that sales of electric vehicles topped 2.1 million globally in 2019

Jim Hackett and Jim Farley Ford

Ford appoints Jim Farley to replace Jim Hackett as new CEO

Jim Farley will join the board of directors from October 1

Hyundai to donate medical equipment worth $2.4m to countries in MEA

Over 603,000 items including face masks, hand sanitisers, protective equipment and 43 ambulances will be donated to 37 countries

nissan gt-r50

Nissan posts biggest loss in 20 years, unveils turnaround plan

A four-year plan calls for production to be cut by 20 per cent to about 5.4 million vehicles a year

Tesla shares give up gains on renewed prospect of Musk buying Twitter

Tesla expected to soon reveal ‘million-mile-battery’

Tesla has collaborated with Chinese company Contemporary Amperex Technology for this battery

Land Rover Defender UAE

Al Tayer Motors delivers world’s first Defender retail units to customers in the UAE

It added that the next shipment of the vehicle is expected ‘latest by Q3 2020’

Volkswagen Middle East

Volkswagen Middle East launches new e-commerce platform in UAE, Saudi Arabia

A Live Chat facility will also allow customers to access an online personal chat with a dealership’s sales representative

Cadillac Escalade Dubai Police Al Ghandi Auto

Al Ghandi Auto donates 10 Cadillac Escalades to Dubai Police

The 2020 Escalade has a dealer advertised price of Dhs376,000 inclusive of VAT