Industry Developments

Turkey's Oyak Renault began production of the Clio II-derived Symbol sedan model, also known as the Thalia, at its plant in Bursa this week. Although the Symbol is based on the Clio... 2008-08-22

BMW's exclusive importer in Bahrain, Euro Motors, has secured a financial partnership with HSBC that will help the German premium carmaker sustain its strong sales performance in... 2008-08-21

South Korean carmaker Kia is succeeding in increasing its share of the global market with double-digit sales growth, while its competitors struggle in the face of the credit

Iran Khodro and the University of Tehran have teamed up to design and produce a hybrid fuel bus that will be unveiled in November 2008. The university's Auto, Fuel and the Environment... 2008-08-18

German premium carmaker Audi is capitalising on the growth of the luxury car market in the Middle East with plans to open an integrated complex for the brand in Saudi Arabia. Audi's... 2008-08-12

Mercedes and BMW have revealed strong performances in both the new and used vehicle markets of the Middle East in H108. Gargash Enterprises, Mercedes' distributor for Dubai, Sharjah... 2008-08-11

Japan's Toyota will acquire the remaining 25% share in Toyota South Africa (TSA) from local partner Wesco Investments later in August, making TSA a wholly-owned subsidiary. Toyota... 2008-08-06

Iran's Ministry of Industries and Mines has revealed the extent to which production of vehicles powered by compressed natural gas (CNG) is rising. Speaking at the First National Conference... 2008-08-05

The Roads & Transport Authority (RTA) of Dubai has taken delivery of 10 Toyota Camry hybrids to undergo a six-month road test as part of the emirate's taxi fleet. According to... 2008-07-31

Iran Khodro Khorassan has opened the largest car assembly plant in Iran, boosting the country's position as a vehicle production base. Some IRR1.3trn (US$141.9mn) has been invested... 2008-07-28