#automotive

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

California

Tesla to build engineering headquarters in California

The company is occupying the former headquarters of Hewlett Packard, Tesla chief executive officer Elon Musk said Wednesday

Tesla Crash

Tesla fatal crash with fire truck draws US regulator inquiry

The Contra Costa county fire department said that a Tesla struck one of its trucks that was blocking lanes while responding to an earlier accident

Tesla

Tesla recalls over 362,000 cars due to self-driving software safety concerns

The automaker is expected to fix the issue through an over-the-air software update by April 15

Ford

Ford is investing $3.5bn in EV battery plant with Chinese firm

The facility is set to open in 2026 and will produce enough batteries to power 400,000 EVs a year

Electric VEHICLE

Everything you need to know about charging an electric car

If you’re new to EVs, here’s a charging primer to get you up to speed

Toyota

Toyota sees vehicle production recovery in 2023, with some risks

The Japanese auto manufacturer made 9.7 million vehicles in 2019

Tesla appoints Vaibhav Taneja as CFO

Dubai Islamic Bank launches financing solution for future Tesla owners

The fully digital financing process will make it easier for Tesla customers to apply for auto financing and improve their buying experience

BMW

BMW Group, AWS partner to develop new cloud technologies

The collaboration will focus on cloud-based infrastructure for BMW’s vehicle data processing and provision

XA Group

UAE’s XA Group rolls out blockchain-based solution to end impasse over claims recovery

Abu Dhabi National Insurance Company, Emirates Insurance Company, Yas Takaful and Oriental Insurance Company are among the first to adopt the solution in the UAE

Audi Formula 1

Audi to join Formula 1 with racing car running on synthetic fuel

Audi will build a dedicated Formula 1 power train at a facility in Neuburg, Germany

W Motors

Luxury hypercars manufacturer W Motors ventures into metaverse

W Motors is launching HyperWolves NFTs, representing the spirit animal of its cars, the Wolf

Mclaren

McLaren raises $150m from shareholders with cash low

Shareholders include Bahrain’s sovereign wealth fund Mumtalakat, investment firm Ares Management Corporation and Saudi Arabia’s Public Investment Fund

Hyundai Ioniq 6

Hyundai unveils Ioniq 6 in push to challenge Tesla

The Ioniq 6 can travel up to 610 kilometres on a single charge with its 77.4 kilowatt-hour battery

Lotus Eletre

Lotus Cars inaugurates new Dubai showroom

As part of its ongoing transformation, Lotus has also opened its new sports car manufacturing facility in Hethel, England

Audi e-tron

Audi Middle East reports best monthly sales in April this year since Dec 2016

While Audi e-tron GT has reported strong sales numbers, other models doing well include Q3, Q5, Q7 and Q8

Subaru automaker

Subaru to spend $1.9bn on battery capacity, add EV line

The automaker has started receiving orders for its Solterra model, its first all-electric SUV developed with Toyota

Stellantis

Stellantis to buy Mercedes and BMW’s car-sharing venture

The acquisition comes a little over a year after the mega-merger between Fiat Chrysler and PSA Group

insurance

Ford announces Lincoln Star electric SUV concept

The automobile manufacturer plans to introduce four new EVs into its Lincoln lineup by 2026

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Trends that will shape the automotive industry in 2022

Ben Barber, MD at XA Group explains why the following trends can be a critical element in deciding your success if you work in the automotive industry

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Panasonic to spend $5bn on EV cells, supply chain software

The Osaka-based firm will invest 400 billion yen in growth areas including electric vehicle cells

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Here are the top five automotive technology trends for 2022

Gartner analysts predict that by 2030, there will be four times as many level 4 autonomous robotaxis operating globally than there are taxis in 2022

Why automotive apps are the future of car rentals

In an exclusive interview, Soham Shah, CEO at Selfdrive shares how apps are dominating the automotive space, allowing customers mobility at fingertips

How to best fund a sustainable future

The main challenge: capital markets do not yet fully understand what the rule book for sustainable investing looks like

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Six million electric cars will be shipped in 2022 – Gartner

Electric cars will represent 95 per cent of total EV shipments in 2022 and the remainder will be split between buses, vans and heavy trucks

How Bosch Car Service has evolved over the last 100 years

Cars will no longer be purely mechanical products – instead, they are evolving into road-based computers, says Arda Arslan, VP – Automotive Aftermarket at Robert Bosch Turkey, Iran and Middle East

UAE’s Al-Futtaim Group launches first Volvo electric car in the region

The full-electric XC40 BEV compact SUV was unveiled at the newly launched Volvo Studio located in Dubai Festival Plaza, Jebel Ali

Gargash Group announces technical talent programme for UAE Nationals

iStar technical apprenticeship will be the second programme under Gargash Group’s overarching Emiratisation drive