July 22, 2017

THERE COMES A point in every brand's tenure where inspiration, design and panache all converge to create huge desirability for the product. Of course it may occur more than once with varying degrees of intensity, but we're talking about those lightning in a jar moments where you just know something is going to be a hit. With Apple it was probably the invention of the iPhone, for Rolex, the Oyster Perpetual, and this week the new flagship Audi A8 is the pinnacle of 'vorsprung' in the company's motto: 'vorsprung durch technik' (progress through technology). This car drives itself, for crying out loud! Well, to a certain extent. Here's a sneak peek at what you can expect from one of the most"...

July 21, 2017

Al Habtoor Motors, Mitsubishi's official dealer in the UAE, announced the names of the ten winners of its Ramadan Promotion who won Lancer EX cars. They include Sultan Murshed Esmaeel Alastad, Ramy Mohamed Tawadros Badros, Tapas K. Roychowdhory, Rana Caye Garces, Mohamed Reda Saad Zaghlool, Raymond Scholly Michelle, Mahmoud Amir Elsaid Elbana, Sharaf Mohamed Shafik, Afroze Ahmed and Amal Joseph Athirakulangara.

An elated Sharaf Mohamed Shafik commented: 'Al Habtoor Motors has offered me the best value during the holy month. I was out shopping for my favourite Pajero and now I have a Lancer EX which my wife likes a lot. We now have two"...

July 21, 2017

Mubadala Investment Company, Mubadala, an Abu Dhabi strategic investment fund, and Nexen Tire, a leading global tyre manufacturer, on Thursday, signed a Memorandum of Understanding, MoU, to explore strategic partnership opportunities. Mubadala has made a direct investment into Nexen as part of the agreement.

Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO of Mubadala, and Travis Kang, CEO of Nexen Tire, signed the MoU in Abu Dhabi on 19th July.

'As a high-performing business with significant global growth potential, Nexen Tire represents an interesting"...

July 20, 2017

(ME NewsWire)-- Together for Safer Roads (TSR), a coalition of global private sector companies, announced today that David Braunstein will join TSR as president on July 24. Braunstein is a seasoned business leader with deep global and emerging technologies experience within the private sector.

“Safe roads are important to our families, communities and our businesses and TSR is more committed than ever to improve road safety and reduce deaths and injuries from road traffic crashes globally,” said Carlos Brito, chairman of TSR and chief executive officer of AB InBev. “David adds leadership"...

July 17, 2017

GMC is elevating the 2018 Yukon Denali lineup with styling and trim enhancements, as well as a new, advanced 10-speed automatic transmission, the company said.

A new, sculpted grille design distinguishes the Yukon Denali, while new Mastique Ash real wood trim adds depth and richness to the interior, it said.

The new 10-speed transmission — paired with Yukon Denali’s 6.2L V-8 engine — enhances refinement with world-class shift smoothness, responsiveness and quietness.

“Yukon Denali has always matched style with substance, and the enhancements for 2018 advance that legacy,” said Duncan Aldred,"...

July 17, 2017

BORGWARD Group AG, the global automotive manufacturer, has unveiled details of its new production facility in Germany that, in the future, will supply automobiles to key global markets including the Middle East.

The homecoming of the brand marks its rebirth guided by the BGW strategy - BORGWARD brand, German engineering and worldwide footprint. With the superior products of German design, BORGWARD is dedicated to integrating top global resources to meet the needs of consumers across the world.

BORGWARD has signed a memorandum"...

July 16, 2017

Rising interest rates could pinch bank customers in the UAE following US Fed's decision to hike rates in March 2017 and with more hikes expected this year and the next, according to a new report.

'Customers will find their borrowing costs rising as a result of the Fed rate hike in March 2017, and further rate hikes are possible through 2017 and 2018. Banks, on the other hand, will need to reprice their loan books to reflect the rate hike by the UAE Central Bank, in line with the dollar,' said the UAE Banking Federation's latest report released on Sunday.

The"...

July 16, 2017

If you are thinking about buying a used car and are on a tight budget, CarSwitch.com has put together the best sedans for under Dh50,000. It is ideal for those looking to buy their first car, or even someone looking to take advantage of the slow summer period. These models come with gadgets such as Bluetooth, airbags, parking sensors and so on.

1) Nissan Sunny - Starting from Dh43,000

Offering plenty of interior and cargo space, as well as fuel economy, it is a sedan that is ideal for the average urban commuter. It is equipped with a 1.5 litre, 4-cylinder engine producing"...

July 16, 2017

Honda Motor Co said on Friday it would recall about 2.1 million vehicles worldwide to replace battery sensors due to the risk of fire.

Chris Martin, a spokesman for the Japanese automaker said the recall would include 1.15 million Honda Accord vehicles from the 2013-2016 model years in the United States, and nearly 1 million elsewhere, to replace a 12-volt battery sensor.

The company said it had received four reports of engine compartment fires in the United States and at least one in Canada, in areas that use significant amounts of road salt during the winter. There"...

July 16, 2017

Whisper it, because I’m about to commit motoring heresy – I have never really been that into Ferraris. It is appreciation rather than amore. Sure, I can see the value of a 250 GTO, aesthetically and financially, as the world’s most expensive car sold at auction; the unrepentantly mad F40 will forever have its personal status as fixture on my bedroom walls when I was growing up. But much like art or movies, cars are massively subjective. One person’s Ferrari is, metaphorically speaking at least, another’s Fiat Uno.

But for the first time in a generation, the Ferrari that I’m sitting in has me genuinely excited."...