Auto Sector

New Mazda3 launch brings bullish outlook for Galadari

Wednesday saw the unveiling of all-new 2010 Mazda3 model in Dubai by AutomobilesGaladari AutomobilesLoading..., the sole distributor of the Japanese brand in the UAE. With this launch, Mazda has taken lead in the UAE automotive industry.

A press statement read that the aim of the hottest sports car was to provide every motorist new wings of freedom. The sedan has dynamic styling and outstanding performance. Cruise control, multi information display and key-less entry are included among the various new features.

Qatar Holding to acquire 17% Porsche stake

Qatar Holding has decided to acquire 17% stake in Volkswagen AG, which is merging with Porsche, in a deal that will exceed $10 billion.

Mideast's First Robotic Car Park opened by Dubai

Wednesday, in the Middle East, the first robotic car parking garage opened at an office complex in Dubai.

Astonishingly, upto 765 vehicles can be accommodated by the automated garage at Ibn Batuta Gate in Jebel Ali, which makes it one of the world's biggest multi-storey automatic car parks.

The first ever garage of several large-scale robotic garages has been planned by Asteco Property Management and its partner Seven Tides in an attempt to fulfill the requirements for parking in the United Arab Emirates.

Trucks to be built by UAE's Aabar, German Firms

Monday saw United Arab Emirates' Aabar Investments PJSC saying that it has signed a deal with Algeria and five German companies, including MAN Ferrostaal AG and Daimler AG, to make all-terrain vehicles and trucks in North Africa.

MAN Ferrostaal said in a separate statement that finally the agreement will produce a joint-venture company between Aabar and MAN Ferrostaal to manage the plants in Algeria.

Added interest in Tesla as UAE firm buys stake

It seems that Tesla Motors will soon become a prominent player in the car market! Though its sports car, Roadster, is currently the company's only vehicle on the market, still the U. S. government and a fund in Abu Dhabi are depending upon the company's electric cars to enter the mainstream one day.

Performance PR unveils office in Dubai

Well-known public relations company, Performance PR, which serves sports and automotives, recently declared that it has officially unveiled its first regional office in Dubai.

According to a statement by Noel Ebdon, Managing Director of Performance PR Middle East, the London-based agency is looking for opportunities in the region, as the automotive and sports sectors have shown notable growth.