February 18, 2019

UAE-based automotive company W Motors' has announced the unveiling of MUSE at Auto Shanghai 2019 on April 16.

The fully-electric MUSE features a Level 4 / Level 5 autonomous driving system, innovative user interfaces and cloud-computed connectivity, as well as several interior configurations catering to different business needs and consumer requirements. It will be fully produced in Dubai, UAE by W Motors at the all-new production facility of which the first phase is set to be completed in the last quarter of 2019.

Pioneers of the future of driving, W Motors is"...

February 16, 2019

Ride-hailing app Careem has unveiled its first group of Emirati drivers in Abu Dhabi, just days after rival Uber did the same.

'Careem is proud to present the first group of Emirati Captains who truly embody national sentiments and a desire to serve the community, and in so doing, introduce their city in the best possible way to the visitors,' said Bassel Al Nahlaoui, managing director of Careem Gulf in comments published by state news agency WAM.

Careem's recruitment follows an outreach programme in collaboration with Department of Transport's Integrated"...

February 13, 2019

(AETOS Wire)-- Yamaha Motor Co., Ltd. (TOKYO:7272)(ISIN:JP3942800008) announced today that for the fiscal year ending December 31, 2018, consolidated net sales of 1,673.1 billion yen were up 0.2% from the previous year. The company saw a decrease in operating income of 9 billion yen (6.0%), while ordinary income dropped 10.9% to 138.0 billion yen, and net income for the period attributable to parent company shareholders was down 8.1% to 93.4 billion yen.

Net sales increased on the back of strong results in the emerging markets motorcycle business, the marine business, and the industrial machinery and"...

February 12, 2019

Limited model offerings and poor access to charging stations are slowing take up and awareness of electric vehicles (EVs) in the Gulf, a new report has found.

The survey, which polled 3,801 people across the region, found that 45 percent of car buyers are put off by the perception of long EV charging times, 37 percent are dissuaded by the high initial cost of purchase and 34 percent balk at inconvenient charging options.

The report, produced by Dubai-headquartered online car sales site YallaMotor in conjunction with Global EVRT Middle East and GreenParking, found that"...

February 7, 2019

Cadillac has announced the Middle East arrival of the all-new XT4, the brand’s first compact SUV.

Featuring Cadillac’s new 2.0L Turbo engine and advanced technology, the XT4 delivers expressive design, confident performance and spacious accommodations.

Developed on an exclusive compact SUV architecture, the XT4 marks Cadillac’s entry to the industry’s fastest-growing luxury segment. As"...

February 7, 2019

Toyota Motor's quarterly operating profit edged up as continued increase in sales in Asia, including China, offset lower sales in North America, its biggest market.

Japan's largest car maker lowered its full-year net profit forecast to ¥1.87 trillion (Dh62.43 billion) from a previous view of ¥2.3tn, citing unrealised losses on some of its equity investments, but reiterated its annual operating profit projection of ¥2.4tn.

For the October-December quarter, Toyota posted an operating profit of ¥676.1bn, up 0.4 per cent from ¥673.64bn in the"...

February 6, 2019

(AETOS Wire)-- Yamaha Motor Co., Ltd. (TOKYO:7272) (ISIN:JP3942800008) is actively engaged in racing efforts all over the world under its three main principles of raising the value of the Yamaha brand, acquiring advanced technologies, and promoting the healthy spread of motorcycle racing.

The results of those efforts in 2018 included Valentino Rossi placing 3rd overall in the MotoGP World Championship with teammate Maverick Viñales finishing 4th, an unprecedented fourth consecutive victory at the Suzuka 8 Hours season finale of the Endurance World Championship (EWC), and title wins in the respective"...

February 4, 2019

Carmaker Nissan has scrapped plans to build its new X-Trail SUV in Britain, saying it had taken the decision to consolidate production in Japan and warning two months before Brexit that uncertainty was making it harder to plan for the future.

Nissan said four months after Britain voted to leave the European Union in June 2016 that it would manufacture the new X-Trail in Britain, which was seen as a major vote of confidence in the country and then new Prime Minister Theresa May.

A source said that Nissan received a letter from the government at the time promising extra"...

February 3, 2019

Japanese automaker Honda said on Friday it was revising up forecasts for its full-year net profit despite logging a fall of 34.5 per cent for the nine months to December.

The country's third-largest auto manufacturer revised up its full year net profit to 695 billion yen ($6.3bn) from the previous forecast of 675bn yen, while also lifting annual sales to 15.85 trillion yen from 15.80tn yen.

For April-December, net profit fell to 623.3bn yen 'mainly due to the impacts of the enactment of the US tax cuts and Jobs Act in the same period last year', Honda said.

February 1, 2019

(AETOS Wire)-- Velodyne Lidar, Inc. supplies industry-leading lidar sensors for a new autonomous driving technology from HoloMatic that frees travelers from the burden of time-consuming searches for parking spots. The HoloMatic system, called HoloParking, is China’s first smart valet parking solution that operates 24/7 and in all weather conditions. Unlike parking assistance systems, HoloParking does not require the vehicle to be driven next to a parking spot. Rather, it allows a driver to leave a vehicle at the entrance of the parking lot. Using HoloParking, the vehicle then finds a parking spot and completes the parking maneuver on its own without human supervision. For pickup, the returning driver can start the system remotely and the vehicle will automatically drive from the parking spot to the boarding area. Throughout this process, the driver does not need to enter the parking lot. Using Velodyne’s smart lidar sensors to provide high-resolution, three-dimensional information about the surrounding environment, HoloParking excels in a wide range of scenarios. Whether functioning in an environment with low light, a complex parking lot mixed with people and vehicles, or in severe weather conditions, HoloParking provides users with safe and reliable autonomous parking services. “Almost every driver has a horror story of being involved in a long search for a parking spot that adds time pressures and......