Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Infiniti Eau Rouge gets performance tweaks from F1 star Vettel  Join our daily free Newsletter

MENAFN - Arab News - 26/05/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Arab News) • sebastian vettel four times f1 world champion and director of performance at infiniti has been test driving a prototype of infiniti's q50 eau rouge at the millbrook proving ground in england and providing feedback to infiniti. infiniti will use this feedback in handling suspension components and packaging of several upcoming infiniti models which the company hopes to set new bench marks for future sports cars. but vettel's input on the eau rouge — which has not yet been approved for production — is only the beginning of a move toward an infiniti performance sub-brand along the lines of mercedes-benz's amg performance division. infiniti engineers and designers use a certain set of performance parameters to make sure a car sits well within a broader market. but now the emphasis has shifted to a car that will just focus on hard-edged performance.


• hyundai mohamed yousuf naghi motors recently unveiled the all-new genesis — a premium new sedan — for the first time in saudi arabia. the all–new genesis is the first hyundai to feature the brand's fluidic sculpture 2.0 design concept while also boasting significantly enhanced driving performance and state-of-the-art technologies such as a head-up display smart trunk function and autonomous emergency braking. first revealed in korea at the end of 2013 the all-new genesis received a record 3500 orders on the first day of pre-orders underscoring the excitement surrounding hyundai's newest model. the premium sedan is expected to prove equally popular in the saudi market which is set to be its second biggest market after the us. unveiled at a gala ceremony in jeddah the all-new genesis also comes with hyundai's class-leading premium assurance plus program as standard.


• volkswagen group has extended the contract of audi's ceo rupert stadler but declined to specify for how long the contract has been extended. some german reports indicate an extension of five years. stadler has led audi since 2007 when he succeeded current vw group ceo martin winterkorn. the company is chasing a target of selling two million vehicles by 2020. last year audi sold 1.58 million vehicles compared with 1.66 million sales of bmw brand vehicles and 1.46 million sales at mercedes-benz brand.


• russia's darkening economic outlook because of the ukraine crisis has postponed the country's expected overtaking of germany as the region's biggest car market which some had predicted this year. light vehicle registrations fell four percent in the first four months after the market decline gathered pace in april according to data from the association of european businesses. combined renault-nissan-avtovaz sales have fallen five percent so far this year eroding the alliance's market share to 30.5 percent far below carlos ghosn's long-held goal of 40 percent. vw declined in step while gm tumbled eight percent. toyota rose 12 percent and hyundai one percent. renault bought an initial 25 percent of avtovaz for 1 billion in 2008 and increased this to a 67.1 percent stake in the holding company jointly held with nissan. any further flare-up between russia and the west could prove awkward with ghosn's alliance set to complete the purchase this month.


• according to the latest figures from the national fraud intelligence bureau (nfib) in the uk online vehicle fraud costs the uk 17.8 million (28.5 million) each year. nearly half of frauds involved used car buyers losing part or full payment for a vehicle before the 'seller" disappears. hpi a vehicle check company reminds consumers to remain vigilant especially when it comes to buying online as fraudsters have a whole range of tricks they use to con people out of their money. 'the latest figures show that too many used car buyers are being duped by crafty fraudsters out to make a quick profit" says shane teskey hpi senior consumer services manager. 'online car buying is fast and convenient but it also gives scammers somewhere to hide. some fraudsters even manage to take money for cars that are advertised online but don't actually exist. once the seller has the money they disappear and the buyer is left with no car and no money."


Arab News

  MENA News Headlines
 Oct 9 2015 - Qatar- QSE falls 34 points, bullish phase continuesGulf Times
(MENAFN - Gulf Times) Qatar Stock Exchange failed to surpass the 11,800 mark as its key index lost 34 points, after being in a bullish phase for the last three consecutive sessions.Consumer goods, ...

 Oct 9 2015 - Saudi said to order spend curbs amid oil price slumpGulf Times
(MENAFN - Gulf Times) Saudi Arabia is ordering a series of cost-cutting measures as the slide in oil prices weighs on the kingdom's budget, according to two people with knowledge of the matter.The ...

 Oct 9 2015 - KSA- SABB Q3 profit rises 7.7% to $304mnGulf Times
(MENAFN - Gulf Times) Saudi British Bank (SABB), the kingdom's fifth-largest bank by assets, posted a 7.7% rise in third-quarter net profit yesterday, in line with analyst forecasts. The bank, an ...

 Oct 9 2015 - Qatar wealth fund said interested in Glencore agriculture unit saleGulf Times
(MENAFN - Gulf Times) The sovereign wealth fund of Qatar has joined investors expressing an interest in buying a minority stake in Glencore's agriculture business, according to three people familiar ...

 Oct 9 2015 - Almost 300 Europe-bound migrants arrested in LibyaGulf Times
(MENAFN - Gulf Times) Libyan authorities said almost 300 migrants, a third of them from Senegal, were arrested Thursday as they prepared to board boats for the Mediterranean crossing to Europe."After ...

 Oct 9 2015 - Netanyahu moves to lower tensions over holy siteGulf Times
(MENAFN - Gulf Times) Prime Minister Benjamin Netanyahu has banned Israeli cabinet ministers and legislators from visiting a sensitive Jerusalem holy site where rising tensions have spilled over into ...

 Oct 9 2015 - France carries out fresh strikes against IS in SyriaGulf Times
(MENAFN - Gulf Times) France said on Friday it had carried out a second wave of strikes overnight on Islamic State targets in Syria and accused Russia of failing to target the group."Two Rafale jets ...

 Oct 9 2015 - UN envoy proposes Libya unity governmentGulf Times
(MENAFN - Gulf Times) UN envoy Bernardino Leon proposed a Libyan unity government on Friday aimed at ending years of conflict, but the plan was quickly dismissed by members of the country's two rival ...

 Oct 9 2015 - Tunisian dialogue mediators win Nobel Peace PrizeGulf Times
(MENAFN - Gulf Times) Tunisia's National Dialogue Quartet won the Nobel Peace Prize on Friday for building democracy in the country after the 2011 revolution which unleashed the Arab Spring.The award ...

 Oct 9 2015 - Four Arabs stabbed in southern Israel, Jewish suspect heldGulf Times
(MENAFN - Gulf Times) Four Arabs were stabbed in a town in southern Israel on Friday and a Jewish suspect was arrested, police said. The attacks follow a surge in knife violence by Palestinians ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help