Auto Sector

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.

Mercedes-Benz opens largest facility in UAE

The world's largest Mercedes-Benz facility has been established in Abu Dhabi, underlining the importance of the emirate for the German automaker.

According to sources, the largest mixed-use Mercedes-Benz facility in the world will particularly place Abu Dhabi, which recently bought 9.1% stake in Daimler AG, on the global map for cutting edge automotive centres.

The sources further added that group's Emirates Motor Company (EMC) is the sole distributor for Mercedes-Benz cars in Abu Dhabi.