AUTO

22 Jun 2017

Auto sales expected to go down by 50% this year

Experts and observers are bearish regarding auto sales expected this year, as their forecasts ranged from 100,000 to 150,000 units, which are lower by 50% than sales recorded in 2016.

While predicting a 20% surge in sales by the fourth quarter of this year,the honorary chairman"...

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22 Jun 2017

XPRIZE Announces Teams Advancing in $15M Global Learning XPRIZE at EdTechXEurope

(ME NewsWire)-- Today, XPRIZE, the world’s leader in designing and managing incentive competitions to solve humanity’s grand challenges, announced 11 semi-finalists advancing in the $15M Global Learning XPRIZE. Announced at this year’s EdTechXEurope, XPRIZE is challenging these semi-finalist teams to develop open source and scalable software that will enable children in developing countries to teach themselves basic reading, writing and arithmetic within 15 months. “Throughout my career, I’ve seen the many ways technology has evolved to help children access an education they may otherwise not have,” said Matt......

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22 Jun 2017

Australian Automotive Manufacturing Plants Shutting Down Operations

(ME NewsWire)-- Hilco Industrial Acquisitions B.V. (www.hilcoind.com) announced today that it will lead the disposition process for a massive machinery and equipment asset sale which will effectively shut down the automobile manufacturing business on the Australian Continent. The sale comes because of the recent closure of all Toyota Australia manufacturing operations, the last remaining auto production facility remaining on the continent. This unprecedented auto equipment sale will include all the key production shops and vendors that have been part of the manufacture of cars in Australia for over 60 years. All the equipment will be offered......

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19 Jun 2017

Chinese Automaker JAC Motors Exhibited at Expo 2017 Held in Kazakhstan

(ME NewsWire)-- At the ongoing Expo 2017 in Astana, the leading Chinese automaker JAC Motors and its Kazakhstani distributor showcased three models: the S3, the iEV6S and the iEV5. Echoing the theme of China Pavilion, “Future Energy, Green Silk Road”, JAC also took the opportunity to exhibit their latest green energy vehicle technologies and concepts. Making a mark in Kazakhstan As an important nation along the corridor, Kazakhstan connects China with Central Europe via “the Belt and Road” economic zone. The country covers a large region of Central Asia and Eastern Europe and is one of JAC’s most valuable markets.......

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18 Jun 2017

GCC BORGWARD Distributors Experience SUV’s Unparalleled Performance

BORGWARD Group AG, the global automotive manufacturer, invited distributors and VIP guests from the GCC to Germany for a thrilling, once-in-a-lifetime driving adventure in BX5 and BX7 vehicles.

The following local"...

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18 Jun 2017

GE Signs $575 Million Agreement with Ministry of Transportation and Egyptian National Railways to Help Transform Rail Infrastructure in Egypt 

(ME NewsWire)-- GE (NYSE: GE) announced today that it signed a Letter of Intent with the Ministry of Transportation (MoT) and Egyptian National Railways (ENR), worth $575 million, to supply 100 GE ES30ACi Light Evolution Series Locomotives that"...

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12 Jun 2017

Milrem Starts Cooperation with the Estonian Defence League For UGV Development

(ME NewsWire)-- The Estonian defence solutions provider Milrem and the Estonian Defence league signed a cooperation agreement to start rigorous tests of Milrem’s unmanned ground vehicle THeMIS during live military exercises.

Feedback"...

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11 Jun 2017

Automotive Manufacturer BORGWARD Group AG Officially Appoints Exclusive Distributors in the United Arab Emirates, Kuwait & Bahrain

BORGWARD Group AG, the global automotive manufacturer, has appointed exclusive distributors across the GCC, including: Bahrain: Yusuf Ebrahim Mohamed Al Awadi, Group President, Yousif Awadi Group Kuwait: Nael Zayani, Managing Director, Al-Zayani Trading Co. United Arab Emirates: Raymond MA, President, Union Motors LLC The signing of the Arab distributorships is the first indication that the rebirth of the BORGWARD automotive brand has recognised the Middle East as a core market for the international car company. This also sets the foundation......

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06 Jun 2017

SES Video Enables MultTV’s ISP Customers to Deliver Pay-TV Content to IP Subscriber Homes

(ME NewsWire)-- SES (Euronext Paris:SESG) (LuxX:SESG) and MultTV announced today a multi-year capacity agreement which will enable MultTV’s ISP customers to deliver TV content to their Internet subscribers via IP. MultTV, a Brazilian communications"...

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05 Jun 2017

GAC MOTOR GS8 and GA8 debut in Kuwait

GAC MOTOR, one of China's leading automobile producers has unveiled the GS8 and GA8, two flagship vehicles at a launch ceremony in Kuwait on May 24, 2017. The event was attended by distinguished guests including Mr. Cheng Yongru, the Commercial"...

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