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Latest News (pg.48)
Nissan's Rating Fallen to Junk Status By Moody's, Expecting Negative Outlook
Maintaining a negative outlook, the leading credit-rating firm cut Nissan's senior unsecured rating from Baa3 to Ba1. Senior analyst Dean Enjo, in a shared report, stated, "risks associated with the implementation of its new restructuring plan, the renewal of its aging product range and global trade policies."
21-Feb-2025 10:49 AM
Al-Futtaim Unveils 2025 Lexus LX Series in UAE
The 2025 Lexus LX Series is now available across the Al-Futtaim showrooms in the UAE. Al-Futtaim is the exclusive distributor of Lexus cars in the Emirates and has a full line of luxury vehicles for UAE customers. Launching new LX models further solidifies the brand’s commitment to offering high-end luxury, performance, and sustainability.
21-Feb-2025 06:46 AM
SAIC Built Audi A5L Unveiled Core Specs in China, Sales Launching Soon
Audi A5L was first showcased at Guangzhou Auto Show 2024 in November last year. The pre-production unit was set to launch in Mid-2025. On February 19, the SAIC-Audi joint venture applied for the sales license for its mass-produced Audi A5L.
20-Feb-2025 10:27 AM
Xiaomi SU7 Ultra Delivers Superior Track Performance Over Porsche Taycan
Xiaomi SU7 Ultra sets a new performance benchmark by accomplishing a new lap record at the Shanghai International Circuit. The Xiaomi EV boasts 1,526 horsepower and has recently outperformed the Porsche Taycan Turbo GT's lap record.
20-Feb-2025 09:40 AM
Tesla Finally to Enter India With Fully-Build Model Y, Searching for Showrooms
Elon Musk-owned electric vehicle major Tesla is gearing up to enter India later this year. Tesla plans to use a "top-down approach," starting with expensive models before launching its more affordable EVs.
20-Feb-2025 05:45 AM
Kia Unveils Its Upcoming Electric EV4 in Hatchback and Sedan Body Styles
Kia EV4 was showcased in the concept version for the first time in 2023. The latest iteration comprises similar design elements to its previously showcased concept version. According to industry reports, the Kia EV4 will be offered in two body styles, hatchback and sedan. Though the features will remain similar, the EV4 hatchback will carry a slightly smaller size.
19-Feb-2025 08:43 AM
McLaren Celebrates Its Ninth F1 Title with Exclusive Artura and 750S MCL38 Editions
McLaren unveils Ultra-Exclusive Artura & 750S MCL38 supercars to honor its Ninth Formula 1 Constructors’ Championship win. It aims to build just nine McLaren Artura and nine 750S MCL38 editions globally.
19-Feb-2025 06:04 AM
Kia Showcases Advanced Defense and Utility Vehicles at UAE IDEX 2025
Kia Corporation unveiled its cutting-edge military vehicles at UAE’s International Defense Exhibition & Conference (IDEX) 2025, the largest defense industry exhibition in the Middle East and Africa region. This defense event is being organized from February 17 to February 21 at the Abu Dhabi National Exhibition Centre (ADNEC), expecting more than 1,350 companies from 65 countries.
18-Feb-2025 11:11 AM
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