August 18, 2019

A replica of James Bond's Aston Martin DB5 has sold for...

An Aston Martin DB5 used to promote the James Bond film Thunderball has sold for $6.4 million (Dh23.5m), becoming the world's most expensive DB5 in doing so.

The sale was made at the world’s biggest"...

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August 18, 2019

Auction mess-up sees Dh110m 1939 'Porsche' fail to sell

After the biggest blunder in recent auction history, the car that Ferdinand Porsche made didn’t sell.

During Saturday night’s highly charged standing-room only auction in downtown Monterey, California,"...

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August 17, 2019

Velodyne Files Patent Infringement Complaint with ITC Against...

Velodyne Lidar, Inc. filed a patent infringement complaint with the U.S. International Trade Commission (ITC) against Hesai Photonics Technology Co., Ltd. and Suteng Innovation Technology Co., Ltd. (a.k.a. RoboSense) for violations of section 337 of the Tariff Act of 1930 which makes unfair methods of competition and importation of certain products into the United States unlawful. Earlier this week, Velodyne also filed patent infringement complaints against Hesai and RoboSense in the U.S. District Court for the Northern District of California. Velodyne is asking the ITC to investigate these lidar manufacturers for unlawfully importing and selling......

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August 15, 2019

Dubai motorists to be rewarded with discounts on fines

Careful Dubai motorists will be eligible for discounts on traffic fines, according to local media reports.

As part of the new initiative launched earlier in 2019, motorists who have successfully complied with"...

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August 10, 2019

Top Indian automakers plan production cuts amid industry...

Indian automakers Tata Motors and Mahindra and Mahindra said on Friday they would cut production at some plants in response to slowing demand that industry executives say has driven the sector into one of its worst downturns.

Tata"...

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August 8, 2019

Toyota turns to AI startup to speed up goal of robots for...

TOKYO: Toyota Motor Corp has designs on making robot helpers for your home, and has enlisted a Japanese startup that specialises in artificial intelligence to jump-start its plan.
Japan’s biggest automaker and Tokyo-based Preferred Networks Inc will carry out joint research"...

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August 8, 2019

Yamaha Motor Reveals Rise in Consolidated Sales

Yamaha Motor Co., Ltd. (TOKYO:7272) announced today that for the first half of the fiscal year ending December 31, 2019, consolidated net sales were 855.9 billion yen, an increase of 0.5% from the same period the previous year. The company experienced a 16.1% decrease in operating income"...

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August 6, 2019

Rolls-Royce suffers cash drain from jetliner, Brexit bottlenecks...

Rolls-Royce Holdings Plc's cash outflow ballooned in the first half as a bottleneck in plane deliveries at Airbus SE and Boeing Co. reduced engine revenue and stockpiling for a no-deal Brexit led to a build up of parts.

Europe's"...

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August 5, 2019

Flying car gets Japan's ambitions off the ground

It was caged and only hovered for about a minute, but it flew: a new flying car.

Made by NEC, the vehicle is essentially a large drone with four propellers that’s capable of carrying people. The Japanese"...

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August 3, 2019

Souq Al Haraj for Cars finalising standardized contract...

Management of Souq Al Haraj for Cars in Sharjah announced that the standardized contract for the sale of used cars is in the final process of drafting and will soon be approved. The announcement was made during the meeting which was held in Souq Al Haraj where there were discussions regarding"...

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