Automobile

Emirates Business From the moment Sir Henry Royce introduced the Rolls-Royce Phantom in 1925 it was judged ‘The Best Car in the World’ by the cognoscenti. As a result it has conveyed some of the world’s most influential and powerful men and women to the most defining historical moments over the last 92 years. Every new Phantom that has subsequently …

Dubai / Emirates Business One hundred years ago, in 1917, Ford Motor Company set off on an adventure that would change the automotive industry forever. It began with the Model TT, a truck based on the hugely successful Model T car, and grew, over the course of a century, into the world’s best-selling truck brand. Over the years, Ford trucks …

Dubai / Emirates Business Arabian Automobiles Company, the flagship company of AW Rostamani Group and the exclusive dealer for INFINITI in Dubai, Sharjah and the Northern Emirates, had unveiled the completely redesigned QX60 to the region. For MY2017, the model features additional enhancements that are aimed at empowering the driver with a more premium experience – a model that redefines …

  Bloomberg After practically inventing the sport utility vehicle, Jeep is missing out on the segment’s latest boom. While SUV sales in the US jumped 11 percent over the past four months, Jeep saw its volume drop 10 percent. One of the problems: A lack of supply that’s kept dealers waiting for the all-new 2017 Compass compact crossover, which replaces …

  TORONTO / AP Ford Motor Co. will hire approximately 400 employees from software company BlackBerry Ltd. as part of sizable new investments in Canada that include a connected-vehicle research center in Ottawa, company officials said. Ford said the Ottawa research center is part of a $500 million Canadian (US$376 million) investment. It comes amid a race by automakers to …

  Bloomberg As investor panic spreads about the plunging prices of used cars in the US, one company and its high-profile top investor are enduring the biggest beating: Hertz Global Holdings Inc. and billionaire Carl Icahn. Hertz shares lost one fifth of their value last week, as a troubling reading for a used-vehicle price index was followed by warnings that …

  DEARBORN / AP Just because President Trump may weaken US fuel economy requirements, don’t expect gas guzzlers like the giant 13 mpg Hummer H1 to make a comeback. Executives from automakers and suppliers gathered at a conference outside of Detroit said looser fuel economy standards might allow for sales of more trucks in areas where they’re popular. But otherwise, …

  Bloomberg Doritos or a Dodge Challenger? Carvana, an e-commerce platform for used cars, is opening a vehicle vending machine in San Antonio, which is exactly what it sounds like. The four-year-old startup already has similar contraptions in Austin, Houston, and Nashville. Standing eight stories tall, the site is essentially a small garage with room for 30 cars. When a …

  Bloomberg With the future of Ford Motor Co.’s lagging luxury line riding on China, the automaker will expand its bet on the market by building a new Lincoln sport utility vehicle in the country in late 2019. The still-unnamed SUV would expand Ford’s foothold in one of the hottest segments in China, a country Chief Executive Officer Mark Fields …

  Bloomberg This is so much more than a parting shot. With a week to go before Donald Trump becomes president, the Obama administration has unleashed a final, multiprong effort on enforcement and regulation in the automotive industry, with Fiat Chrysler Automobiles NV now at the fore. On Friday alone, the US Environmental Protection Agency rejected automakers’ bid to weaken …