#automotive

Saudi automotive startup Speero closes $1.8m pre-series A funding round

Launched in 2017, Speero is a digital platform for automotive after-sales

Tesla Electric Vehicle

The rise of electric mobility in the Middle East – time to make the switch?

The International Energy Agency’s Global EV Outlook 2020 report found that sales of electric vehicles topped 2.1 million globally in 2019

Jim Hackett and Jim Farley Ford

Ford appoints Jim Farley to replace Jim Hackett as new CEO

Jim Farley will join the board of directors from October 1

Hyundai to donate medical equipment worth $2.4m to countries in MEA

Over 603,000 items including face masks, hand sanitisers, protective equipment and 43 ambulances will be donated to 37 countries

nissan gt-r50

Nissan posts biggest loss in 20 years, unveils turnaround plan

A four-year plan calls for production to be cut by 20 per cent to about 5.4 million vehicles a year

Tesla shares give up gains on renewed prospect of Musk buying Twitter

Tesla expected to soon reveal ‘million-mile-battery’

Tesla has collaborated with Chinese company Contemporary Amperex Technology for this battery

Land Rover Defender UAE

Al Tayer Motors delivers world’s first Defender retail units to customers in the UAE

It added that the next shipment of the vehicle is expected ‘latest by Q3 2020’

Volkswagen Middle East

Volkswagen Middle East launches new e-commerce platform in UAE, Saudi Arabia

A Live Chat facility will also allow customers to access an online personal chat with a dealership’s sales representative

Cadillac Escalade Dubai Police Al Ghandi Auto

Al Ghandi Auto donates 10 Cadillac Escalades to Dubai Police

The 2020 Escalade has a dealer advertised price of Dhs376,000 inclusive of VAT

Audi Volkswagen Middle East Dubai Corporation for Ambulance Services

Audi and Volkswagen supply SUVs to Dubai Corporation for Ambulance Services

The vehicles are being used to transport critical equipment, medical supplies and meals to team workers and their families living in the UAE

Lucid Motors

Electric car manufacturer Lucid Motors enters UAE and Saudi Arabia

The Saudi PIF-backed company is expected to begin deliveries of its Lucid Air model next year to customers in the Middle East

Chevrolet Tahoe

Chevrolet offers deep discounts and order-from-home on its cars in the UAE

Customers can complete the entire purchasing process online without visiting the showroom

Saudi to auction detained billionaire Maan al-Sanea’s real estate assets

Sanea was detained last year for unpaid debts dating back to 2009

Thousands attend auction of vehicles owned by Saudi tycoon al-Sanea

The initial funds from the auction will go to unpaid workers

Saudi Arabia to auction detained billionaire’s real estate, cars

Maan al-Sanea was ranked by Forbes as one of the world’s 100 richest people in 2007