Industry news

Volkswagen And Porsche To Merge

Volkswagen And Porsche To Merge

Porsche and Volkswagen have decided to tie the knot. After plenty of speculation about Arab investors and Porsche trying to take over VW, the two companies have decided to merge instead and bring their 10 motoring brands under one automotive manufacturing operation. The two sides, along with the German State…

Middle East Market “Will Fall To 2006 Levels”

Middle East Market “Will Fall To 2006 Levels”

The Middle East will lose three years of progress in new car sales due to the financial crisis, according to the head of one of the region’s biggest car dealerships. Michel Ayat, CEO of Arabian Automobiles, said he expected sales levels for 2009 to be similar to those of 2006.…

A Classic Mercedes-Benz

A Classic Mercedes-Benz

Dubai’s Road and Transport Authority (RTA) has made it clear that vehicles having a lifespan of 20 years or more will be banned from UAE roads from January 2009. The new rule will be strictly imposed nationwide according to Sultan Abdullah Al Marzouqi, the acting director of the Vehicles Licensing…

Car sales middle east consolidated

Car sales middle east consolidated

2008 sales of passenger cars and SUV’s in the Middle East continues unabated even when sales in markets like the United States and Europe are nose diving. Ford Middle East reports 21 percent growth in retail sales of Ford, Lincoln and Mercury brands during the first half of 2008. The…