Ford, the renowned American automaker, has expressed its intent to re-enter the Indian market by restarting operations at its Chennai, Tamil Nadu plant. This move comes as part of Ford’s strategic plan to leverage India’s manufacturing capabilities to meet the demand in global markets, marking a significant comeback after the company’s exit in 2021. Ford’s
Volkswagen is considering closing some of its German factories for the first time in its 87-year history, aiming to achieve significant cost cuts to stay competitive. This drastic measure comes as the automaker grapples with challenges, including overcapacity in its home market, lower demand for electric vehicles (EVs), and rising operational costs. CEO Oliver Blume
In a remarkable move towards enhancing both sustainability and public safety, Dubai Police has integrated ZEEKR’s premium electric vehicles (EVs) into its elite fleet. This significant partnership with AW Rostamani Group (AWR), the official distributor of ZEEKR in the UAE, underscores Dubai’s ongoing commitment to innovation and environmental responsibility. The official handover ceremony took place
Canada announced a significant escalation in its trade relations with China by imposing a 100% tariff on Chinese electric vehicles (EVs) and a 25% tariff on imported steel and aluminum from China. This move, set to take effect on October 1, aligns Canada with similar actions by the United States and European Union in response
General Motors-backed Cruise has announced a multi-year partnership with Uber, marking a significant step in the commercial deployment of autonomous vehicles. Starting in 2025, Uber riders will have the option to choose a trip using a Cruise autonomous vehicle, further expanding Uber’s commitment to integrating cutting-edge technology into its platform. This collaboration aims to accelerate
E Daddy, a sustainable urban mobility start-up, has announced the successful acquisition of $15 million (approximately AED 55 million) in funding, marking a significant milestone in its mission to revolutionise the UAE’s electric vehicle (EV) landscape. Headquartered in Dubai, E Daddy is the first company in the region to manufacture vehicles end-to-end within the Emirates,
On Friday, Ola Electric Mobility’s shares surged by 20% on their trading debut in Mumbai, India, highlighting growing investor confidence in the electric vehicle (EV) sector. The stock, initially listed at its IPO price of ₹76, quickly rose to ₹91.20, pushing the company’s valuation to an impressive $4.8 billion. This surge reflects a broader optimism
Al Laith, a leading provider of diverse temporary project solutions in the Middle East, is proud to announce its role as the Official Temporary Infrastructure Strategic Partner in an extensive multi-year collaboration with the Saudi Motorsport Company (SMC). As part of this wide-ranging strategic partnership, Al Laith will provide equipment and services for the 2024
Automobile giant Toyota has opened an inclusive mobility park in Paris. As the worldwide mobility partner of the International Olympic Committee (IOC) and the International Paralympic Committee (IPC), the company is committed to providing sustainable inclusive mobility solutions to the athletes, officials, volunteers, accredited media, and spectators. Most of the solutions presented at the park
Luxury carmaker Porsche expects the transition to electric vehicles to take longer than it thought, it has said, having previously said its aim was for 80% of sales to be all-electric by 2030. It has now watered down that goal by tying it explicitly to customer demand and developments in the electromobility sector, saying in
