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Auto sector

PIF, Hyundai sign deal to establish over $500m auto plant in Saudi Arabia

PIF, Hyundai sign deal to establish over $500m auto plant in Saudi Arabia

  • The plant groundbreaking is planned for 2024, and production is expected to begin in 2026.
By Arab News ·
Egypt online car retailer Sylndr raises $12.6m pre-seed round

Egypt online car retailer Sylndr raises $12.6m pre-seed round

By Arab News ·
Nissan warns of flat profit as chip shortage becomes ‘new normal’

Nissan warns of flat profit as chip shortage becomes ‘new normal’

By Reuters ·
Japan’s Subaru eyes first domestic electric vehicle factory: Nikkei

Japan’s Subaru eyes first domestic electric vehicle factory: Nikkei

By Reuters ·
Volvo Cars reports 25% sales drop in April as lockdowns, supply woes weigh

Volvo Cars reports 25% sales drop in April as lockdowns, supply woes weigh

By Reuters ·
Porsche aims for over 80% all electric new vehicles by 2030

Porsche aims for over 80% all electric new vehicles by 2030

By Arab News ·
India approves $10bn plan to lure semiconductor and display makers

India approves $10bn plan to lure semiconductor and display makers

By Reuters ·
Volvo Cars to build third factory in Europe: Automobilwoche

Volvo Cars to build third factory in Europe: Automobilwoche

By Reuters ·
Nissan triples profit forecast on strong quarterly results

Nissan triples profit forecast on strong quarterly results

By Reuters ·
German luxury carmaker Daimler quarterly profits up despite chip crisis

German luxury carmaker Daimler quarterly profits up despite chip crisis

By Reuters ·
Chip shortage puts a brake on auto industry; hits Europe's biggest carmakers

Chip shortage puts a brake on auto industry; hits Europe's biggest carmakers

By Reuters ·
Stellantis Q3 sales down 14% as chip crisis cuts output by 600,000

Stellantis Q3 sales down 14% as chip crisis cuts output by 600,000

By Reuters ·
Goldman Sachs, Freshfields working on possible Porsche IPO: Manager magazin

Goldman Sachs, Freshfields working on possible Porsche IPO: Manager magazin

By Reuters ·

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