New Accord 2018 launched across Honda showrooms in KSA

The 2018 Accord is the 10th generation of Honda’s perennially best-selling midsize sedan.
Updated 18 March 2018
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New Accord 2018 launched across Honda showrooms in KSA

Abdullah Hashim Co. Ltd., the sole distributor for Honda products in Saudi Arabia, has announced the launch of the 10th generation Accord 2018 model across all Honda showrooms in the Kingdom.
The 2018 Accord is the 10th generation of Honda’s perennially best-selling midsize sedan. The vehicle is built on a new platform with a lower, wider stance, a lighter and more rigid unibody structure, a lighter and more sophisticated chassis, two advanced new power units, including Accord’s first-ever turbocharged engines, and a new 10-speed automatic transmission.
In reimagining the Accord, the designers first established the fundamental packaging strategy. Consistent with the “Man Maximum-Machine Minimum (MM)” design philosophy that underpins all Honda designs, the team shrunk the Accord’s footprint while expanding its interior space, at the same time creating more premium and athletic proportions and stance. The move to 4-cylinder engines across the lineup is a key component of this approach, allowing a shorter engine bay while also reducing weight and improving dynamic performance.
The 2018 Accord takes an entirely new approach to performance with its two new direct-injected VTEC Turbo 4-cylinder engines with dual VTC — a 1.5-liter 16-valve inline-4 and a 2-liter 16-valve DOHC inline-4. Both new turbocharged engines produce peak torque across a broad range of engine speed (RPM), delivering smooth and virtually lag-free power in all driving conditions.
The new 2018 Accord boasts a larger, more premium and tech-savvy interior that complements its new body design and more refined and athletic driving character.
The Accord’s wider body and longer wheelbase contribute to its improved cabin space, most notably an additional 48 mm of rear legroom, as well as an added 70 liters of interior volume and 25 liters of trunk space.
The Accord 2.0T Sport features a head-up display, which utilizes a concave mirror located behind the instrument panel to project a broad range of information on the lower portion of the windshield directly in front of the driver. The driver can adjust the location of the projection (up and down) or turn off the system via switches on the instrument panel.
Display modes can be selected by a steering wheel-mounted thumb dial.


Mobily quarterly loss down by 49%

Updated 53 min 7 sec ago
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Mobily quarterly loss down by 49%

Saudi telecom provider Mobily decreased its quarterly losses in Q1 2018 by 49 percent to SR93 million ($24.84 million) compared with SR182 million in Q4 2017. This was mainly due to a growth of revenues driven by a better mix of products mainly from data, the increase of efficiency in managing operational expenses, the impact of implementing IFRS 9 and 15, and the reversal of certain provisions that are no longer required, according to the company.

Revenues improved for the second consecutive quarter reaching SR2,833 million in Q1 2018 compared with SR2,827 million in Q4 2017, a slight increase of 0.2 percent, despite the following:

l The impact on sales at the beginning of the year due to the implementation of the value-added tax (VAT). 

l The reduction in interconnection rates by 45 percent.

l The seasonality of handset sales, and its increase in Q4 2017.

l The seasonal decrease related to the number of days in Q1. 

Without the decrease of the interconnection rates, revenues would have grown by 2 percent.

Mobily’s gross profit increased in Q1 2018 by 6.6 percent to SR1,663 million compared with SR1,560 million in Q4 2017. This increase is mainly due to the reduction in interconnection rates during Q1 2018 compared with those of Q4 2017 and the reduction in equipment costs in Q1 2018 compared with Q4 2017.

Mobily managed to grow its revenues for the second consecutive quarter. Q1 2018 revenues slightly decreased by one percent (SR33 million) to SR2,833 million compared with SR2,865 million in Q1 2017. Mobily achieved a stable level in revenues despite the general economic and regulatory changes, including the impact on sales in the beginning of the year due to the implementation of VAT, and the reduction in interconnection rates by 45 percent.

Without the decrease of the interconnection rates, the revenues would have grown by one percent year over year.

The gross profit stabilized at SR1,663 million in Q1 2018 compared to SR1,665 million in Q1 2017 with a slight decrease by 0.12 percent, despite the slight decrease in revenues.