#Cars

Rolex and Patek returns beat vintage cars and Bitcoin

The Subdial50 index, which tracks global market prices for the 50 most traded luxury watches by value, has declined about 6 per cent in the past 30 days

Volkswagen

VW sees better chip supplies in second half, boosting output

Volkswagen confirmed a projection that deliveries will rise by as much as 10 per cent this year

Tesla delivers record 308,600 cars in quarter, beating estimate

The results pushed Tesla’s total sales for the year to more than 936,000

Egypt seeks to build affordable electric vehicles priced at around $20,000

Production is set to begin in 2023, with output increasing to an annual 20,000 units over three years

In pictures: Is this the world’s ‘most innovative car’?

The Porsche Taycan, the brand’s first fully electric model, offers many firsts and gives a glimpse into the future of efficient electromobility

JAPAN-AUTOMOBILE-NISSAN

Nissan Middle East reports 0.5% growth in domestic sales for FY 2019

It will introduce eight new models to the region over the next two years

bmw-mercedes-auto

BMW And Mercedes end self-driving car partnership

The two carmakers had previously said that they intended to jointly develop a Level 4 self-driving car by 2024

honda-hq

Cyber-attack forces Honda to halt production at a few of its factories

Investigators believe that the virus was a type of ransomware called Snake

Vox temporarily closes drive-in cinema at Dubai’s Mall of the Emirates

The move come after the government modified the timings of its daily sanitisation drive

Saudi to auction detained billionaire Maan al-Sanea’s real estate assets

Sanea was detained last year for unpaid debts dating back to 2009

Thousands attend auction of vehicles owned by Saudi tycoon al-Sanea

The initial funds from the auction will go to unpaid workers

Saudi Arabia to auction detained billionaire’s real estate, cars

Maan al-Sanea was ranked by Forbes as one of the world’s 100 richest people in 2007

Middle East Sales Drive Rolls-Royce’s Record Year

The UAE was the third largest market for Rolls-Royce after the US and mainland China in 2014, while Saudi Arabia was fifth.

The 10 Fastest Cars In The World

Gulf Business looks at the fastest production cars on the planet.