April 27, 2016
India's biggest carmaker Maruti Suzuki India is conducting a feasibility study for a new assembly plant in Africa, a top executive said after the company posted its first fall in quarterly net profit in two years. A push into Africa, where there is high demand for small, inexpensive cars, makes sense for the likes of Maruti Suzuki, analysts have said. Establishment of it own plant in the region could also help it to contend with stricter"......
India's biggest carmaker Maruti Suzuki India is conducting a feasibility study for a new assembly plant in Africa, a top executive said after the company posted its first fall in quarterly net profit in two years.
A push into Africa, where there is high demand for small, inexpensive cars, makes sense for the likes of Maruti Suzuki, analysts have said. Establishment of it own plant in the region could also help it to contend with stricter"......Continue Reading >
April 23, 2016
Offers step-change improvement in steel lightweighting capability
Produced in collaboration with launch partner AK Steel Corporation
NanoSteel®, a leader in nanostructured steel materials, today announced the delivery of its first advanced high strength steel (AHSS) to General Motors for initial testing. Designed to provide automakers with a new standard in material performance, the sheet steel is poised to accelerate vehicle lightweighting"......Continue Reading >
April 20, 2016
Emirates Driving Institute (EDI), the largest and most successful driving institute in UAE and Middle East, celebrates 25 years of successfully leading learner driver training and driver road risk reduction in the UAE and the greater GCC region.
EDI has announced a series of special promotions for 25 days. All those who register for any driving course with EDI will get 4 to 8 free driving classes and a chance to win an IPad in daily lucky draws for"...Continue Reading >
April 16, 2016
Algerian trade ministry Thursday announced that it postponed delivering importing licences for the second week consecutively. A delay of 13 days is noted as the procedure was supposed to be launched on April 2nd. This is due to pressure made by car dealers.
Leaked figures show that France will have the lion’s share in imported cars i.e. 62,000 cars. Of them, 33,000 will be for Renault Algeria, 22,000 for Peugeot and 7,000 for Citroen. That means almost the half of imported cars out of 152,000 will be for the French"...Continue Reading >
April 14, 2016
Dana Holding Corporation recently enhanced its commitment to participating in leading aftermarket events by exhibiting at the inaugural Automechanika Jeddah 2016. With its extensive product portfolio on-site, Dana was able to educate attendees on the breadth of its premium aftermarket Spicer® and Victor Reinz® technologies, including driveline and sealing solutions for light, commercial, and off-highway vehicles.
This"...Continue Reading >
April 13, 2016
In this framework, Toyota Algeria Director, Noureddine Houssaime, received a senior Japanese delegation from Toyota for manufacturing Hino trucks, and it gave its approval and full support for the construction of the first factory for the installation of the Japanese trucks, as it will launch the production before the end of the current year, with an initial production capacity of 2,000 trucks of light weight and of the type Hino 300.
"Largest"...Continue Reading >
April 9, 2016
Mediterrania Capital Partners, a regional private equity firm focusing on growth investments for SMEs in North Africa and sub-Saharan countries, has acquired a 43 per cent stake in Cieptal Cars.
Founded in 2006, Cieptal Cars specialises in the long-term car rental business and is the current market leader in Algeria, with a fleet of 761 cars. MCP’s investment will"...Continue Reading >
April 7, 2016
AGCO's attention to design was recognized recently when Fendt and Valtra, two of its leading brands, won the prestigious Red Dot Design Award 2016. The Red Dot Design competition is one of the largest and most respected design competitions in the world. More than 5,200 products from 57 countries entered this year’s contest. The jury consisted of 41 independent design experts from around the globe.
“We"...Continue Reading >
April 5, 2016
ADGM – Abu Dhabi Global Market
Key players of the investment world gathered for a groundbreaking evening event at Abu Dhabi Global Market on March 30th. As part of the AIM Summit, the premier regional investment conference, Aston Martin showcased its $2.7 million Vulcan supercar.
Star violinist Quike Navarro came directly from Marbella’s Nikki Beach in Spain to perform a special show during the unveiling of the car.
......Continue Reading >
April 4, 2016
We’ve all thought about it: owning our dream car. But there is more than just the cost of the car to consider when you buy a car worth AED 300,000+. One important consideration is insurance, which will be a recurring cost for as long as you own the vehicle.
MoveSouq.com sat down with Prasanna Venkatesh, Vice President for Motor Underwriting at QIC Insured, to provide"...Continue Reading >
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