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
 Aug 28 2015 - UAE's DP World profits logs 22 percent growth in H1MENAFN
(MENAFN) Global marine terminal operator DP World declared a surge of 22 percent in its net profit in the first six months, recording USD405 million compared to USD322 million in 2014, plus total ...

 Aug 28 2015 - Oman's fiscal deficit to expand at 12 percent of GDPMENAFN
(MENAFN) Oman's very high economic dependence on gas sector is going to add pressure to the public finance in 2015-16, although it has an ongoing solid economic growth.Meanwhile, the country's fiscal ...

 Aug 28 2015 - Saudi's foreign reserves shrink down 0.5 percent in JulyMENAFN
(MENAFN) The world's largest oil exporter has begun issuing domestic debt aiming at covering part of a budget deficit cause by low oil prices, and the result was that the speed of deterioration in ...

 Aug 28 2015 - UAE cuts September petrol prices as global oil fallsGulf Times
(MENAFN - Gulf Times) The UAE cut petrol and diesel prices by between 8% and 9% for September, the second month during which the Middle Eastern country, Opec's fifth-largest oil producer, removed ...

 Aug 28 2015 - Algeria targets hidden $40bn amid ignored oil-price pleasGulf Times
(MENAFN - Gulf Times) Day and night, trucks trundle the 10 miles from Algiers port to the suburb of Semmar, where workers unload and stack goods that will feed into a vast black market.Merchants pack ...

 Aug 28 2015 - Egypt power choices appease public, but squeeze industryGulf Times
(MENAFN - Gulf Times) Far fewer Egyptians are complaining about the kind of power cuts that fuelled unrest in the past but government energy policies apparently focused on appeasing the public are ...

 Aug 28 2015 - Saudis seek guidance on economy as stocks gyrateGulf Times
(MENAFN - Gulf Times) Saudi plastic surgeon and stock-market investor Sami al-Harki is looking for help.Al-Harki already lost 40% on his shares, but doesn't want to sell before the Saudi government ...

 Aug 28 2015 - US- Short-handed Giants beat CubsGulf Times
(MENAFN - Gulf Times) Joe Bochy, a San Francisco Giants scout, is in town to help evaluate the club on this homestand. Maybe he can turn in a report on his kid brother, Bruce.When you win with a ...

 Aug 28 2015 - Jordan- Rania: Muslims must do more to counter ISGulf Times
(MENAFN - Gulf Times) Queen Rania of Jordan said yesterday that moderate Muslims were not doing enough to fight against IS militants and their "diabolical ideology". Speaking at a major French ...

 Aug 28 2015 - Abbas heats up Palestinian politics in PLO reshuffle bidGulf Times
(MENAFN - Gulf Times) President Mahmoud Abbas is acting to shake up Palestinian politics, with peace talks with Israel in deep freeze and unity efforts with Hamas Islamists who run the Gaza Strip ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

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

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

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