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insurance

Minor fender bender? That will be $42,000, please

Vehicle owners should brace for their car insurance premiums and repair bills to remain high

718 Cayman GT4 RS Porsche

Is the Porsche 718 Cayman GT4 RS worth the hype?

We get behind the wheel to find out

Aston Martin partners with EV maker Lucid

Aston Martin partners with EV maker Lucid, extends Mercedes pact

The British automaker will issue new shares to Lucid and make cash payments totalling $232m in exchange for battery-electric powertrain components

Nio

Abu Dhabi to take 7% stake in Chinese electric vehicle maker Nio

CYVN Holdings, an investment entity controlled by Abu Dhabi, agreed to buy about 85 million newly issued Class A shares for $738.5m in cash, or $8.72 apiece

Valeo and ADDED mobility deal

ADDED inks deal with Valeo to boost Abu Dhabi’s automotive sector

The deal is expected to enhance smart and sustainable mobility in Abu Dhabi, and contribute to the development of the city’s transport sector

Renault

Renault-led concept car offers cyberattack protection

The system will be available with the future Renault 5, which is expected to go on sale next year

electric vehicles

RTA, Al Futtaim Automotive to deploy 360 hybrid, electric vehicles

The agreement includes the deployment of 250 electric vehicles, and 100 hybrid vehicles, in line with the UAE’s net zero by 2050 objective

Al-Futtaim Automotive leads $15 million funding round in revolutionary EV startup – River IMage Credit River

Al-Futtaim Automotive leads $15m funding round in Indian EV startup, River

Within a short span of two years since inception, River launched its first product ‘Indie’ an urban electric scooter to rave reviews last February

Saudi-backed Lucid Air sedan

Saudi-backed electric car maker Lucid plans to raise $3bn

The automaker plans to use the proceeds for general corporate purposes including capital expenditures and working capital

EV Market

UAE’s EV market projected to grow by 27% annually over next six years

With more than 20 per cent of government car fleets running EVs since 2021, the UAE is leading the way towards the future of electric vehicles in the region

electric car

Global electric vehicle transformation project launched for the UAE

The launch of the Global EV Market is in line with the country’s objective to transition to net zero and set itself up as a global electric vehicle hub

Hyundai Group EV investment

Hyundai Motor, LG plan $4.3bn EV battery plant in US

Construction of the EV battery facility will start in the second half of 2023 and production will begin as early as the end of 2025

Ford Tesla

Ford taps Tesla superchargers in rare partnership

Ford’s next-generation vehicles, starting in 2025, will have the Tesla charging capability built in

Uber India

Uber to add 25,000 electric vehicles in India in green push

The ride-hailing company will launch EV Uber Green in June in Mumbai, Bengaluru and Delhi

RTA to auction special number plates. Image credit: RTA

RTA to auction premium car number plates soon: Check dates

The RTA will auction 350 number plates comprised of two-digit plates for vintage cars, and three, four and five-digit plates for private vehicles

the Artura

McLaren raises the ‘supercar’ bar with the Artura

From its all-new carbon fibre lightweight architecture and high-performance hybrid powertrain to its beautiful design and impressive interior – the McLaren Artura aims to impress

Speed Edition 12

Bentley unveils limited Speed Edition 12

The Speed Edition 12 package incorporates a range of distinctive design enhancements

Tesla

Tesla raises prices of S, X Models by $2,750 in China

The pricing of Model S sedan and Model X now start at CNY808,900 and CNY898,900, respectively

Hurtan Grand Albaycin

Hurtan Automoviles enters UAE market with its iconic Grand Albaycin

The Hurtan Grand Albaycin is a two-seater luxury convertible that features a classic design inspired from the 1950s and 1960s era

Model S

Tesla increases price of Model S, X in US after shares slump

The latest starting prices of both models are $87,490 and $97,490, respectively

Cars24

Interview: Abhinav Gupta, CEO – Gulf region at Cars24

Reports suggest that the UAE ranks eighth globally for readiness in the electric vehicles market and is expected to grow 30 per cent annually until 2028

Hyundai

Hyundai commits to $18bn spend in shift to electric cars

The group plans to boost its annual output of electric cars in Korea to 1.51 million units by end of this decade

Battery

Tesla to build new battery factory, says Elon Musk

The company will manufacture its Megapack large-scale energy-storage unit in the new facility

EV Chargers

UK set for massive rollout of EV chargers in net-zero push

England’s Surrey County Council and EV-infrastructure company Connected Kerb plan to install 10,000 chargers by 2030

RTA premium number plates auction-112

Dubai premium number plates fetch a total of Dhs38.21m

RTA offered a total of 90 premium number plates for bidding during the 112th Open Auction

Porsche Taycan Turbo. Image by Porsche

Porsche operating profit in 2022 surges $7.2bn on high revenues

The automaker said it is pushing its strategy of modern luxury in 2023 and has started its ambitious Road to 20 programme

powertrains

New powertrains may cut hybrid costs up to 30%, says Nissan

The automobile manufacturer unveiled blueprints for two new powertrains — one for its E-power hybrids and another for zero-emission vehicles

Aramco, Geely and Renault venture

Saudi Aramco plans to set up powertrain JV with Renault, Geely

Aramco will be a minority stakeholder in the venture while Geely and Renault are expected to retain equal equity stakes

Waymo

Alphabet’s Waymo cuts 8% of staff after second round of layoffs

The company confirmed its staff reduction, saying it eliminated some engineering roles and rebalanced its headcount

Tesla

Tesla’s Mexico plant to require $5bn investment

Mexican President Andres Manuel Lopez Obrador earlier said that Tesla will build the plant in Monterrey