Volkswagen will take a hit of around €2.5 billion (SR11 billion) to its third-quarter results because a program to buy back or retrofit diesel engine cars in North America is proving more complex and time-consuming than expected, it said on Friday.
Its shares dropped after the statement and were down 2.8 percent at 0724 GMT.
Volkswagen said it will publishRead more
The European Commission (EC) is to propose making cars, trucks, buses and vans pay road toll charges according to the amount of CO2 they emit, as it seeks to cut road transport’s carbon footprint, two EU officials said.
The proposal, which has not yet been finalized, will for the first time set some EU-wide principles for road tolls for cars, including oneRead more
At least 14 people were killed and 37 declared missing as flash floods hit northwestern Iran, state media reported on Saturday.
Torrential rains that began on Friday lashed East Azerbaijan province, with state television showing images of flooded houses and cars carried away by the surging water.
The prefect of Ajabshir district told the official IRNA news agency that rescueRead more
Euro Motors, the exclusive importer and distributor for luxury automotive manufacturer Jaguar Land Rover in Bahrain, provides customers with the opportunity to be rewarded through its loyalty card Intaleq.
Stemming from its constant efforts to consistently maintain and raise its own benchmark setting standards, consolidate its position as leaders in the automotive industry in Bahrain and complement its acclaimed and exemplaryRead more
Following the official launch of Tesla in the UAE last week, Mall of the Emirates in Dubai has installed nine Tesla Destination Charging connectors to keep the first adopters of the electric vehicles fully powered up.
Located at the Fashion Dome Valet Parking and on the first and second floors at Mall of the Emirates, the Tesla charging stations offer easeRead more
Hyundai Motor Company has revealed the first teaser images of the new Sonata, due to arrive on global markets during 2018, with the carmaker planning to give its mid-size sedan a “dramatic design change”.
New sheet-metal and trim details will bring the current-generation Sonata, launched in 2015, into line with the Hyundai’s evolving design language, which is progressively introducing more sophisticatedRead more
Hyundai Motor Company has revealed the first teaser images of the new Sonata, due to arrive on global markets during 2018, with the carmaker planning to give its mid-size sedan a “dramatic design change”.
New sheet-metal and trim details will bring the current-generation Sonata, launched in 2015, into line with the Hyundai’s evolving design language, which is progressively introducing more sophisticatedRead more
Taking its place alongside the design greats of all time, the Design Museum, London, welcomed a new exhibit this evening: the Range Rover Velar.
Velar launches with a suite of consumer technologies, working together to create an in-built technology butler. At its heart is an all-new, cutting-edge infotainment system called Touch Pro Duo.
Dubbed Blade by development engineers because ofRead more
National Car Company, the exclusive agent for Mazda vehicles in Qatar, has announced the launch of a new, fully-redesigned website.
Reflecting Mazda’s new brand strategy, the website offers an enhanced user experience aimed at engaging premium customers and current owners.
Mazda Qatar said it has built an intuitive, user-friendly site with enhanced shopping tools and seamless navigation.
As a result, Mazda shoppersRead more
More than Dh5 million worth of fake goods have been seized by authorities, leading the Sharjah Economic Development Department to warn people from buying counterfeit products, especially cosmetics and foodstuffs.
In its latest report, the department said it seized Dh5,286,720 worth of counterfeit goods - almost 100,000 bodycare products and 40,560 cosmetic items - from Sharjah markets.
Salim Al Suwaidi,Read more