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<div id="container"><div class="section-page-wrapper _2uR00"><div><div class="CLE14"></div><div class="container _1NV7-"><div class="eJkNT" style="width:;display:;flex-direction:"><a href="/business/markets/british-hypercar-worth-21-million-makes-dubai-debut-1.500060241"><div class="y-JJs"><div class="UbwQ6"><div class="vaPla"><figure style="padding-top:75%" class="_0rL02 fG2dB"><img src="//media.assettype.com/gulfnews%2F2025-03-14%2Faw68smqm%2FNaran.jpg?rect=0%2C0%2C1215%2C911&w=480&auto=format%2Ccompress&fit=max" srcSet="//media.assettype.com/gulfnews%2F2025-03-14%2Faw68smqm%2FNaran.jpg?rect=0%2C0%2C1215%2C911&w=250&auto=format%2Ccompress&fit=max 250w,//media.assettype.com/gulfnews%2F2025-03-14%2Faw68smqm%2FNaran.jpg?rect=0%2C0%2C1215%2C911&w=480&auto=format%2Ccompress&fit=max 480w,//media.assettype.com/gulfnews%2F2025-03-14%2Faw68smqm%2FNaran.jpg?rect=0%2C0%2C1215%2C911&w=640&auto=format%2Ccompress&fit=max 640w" alt="Developed by Naran Automotives, the driving prototype – a four-seater hyper-coupe – made its Middle East debut following its global debut in Andermatt, Switzerland." class="qt-image"/></figure></div></div><div class="i3PpT"><h1>$2.1 million British hypercar makes Dubai debut</h1><h2>Only 39 of the ‘The Naran’ cars will ever be built </h2><div class="HbRuW"><span class="fPpVR">1h ago<span style="display:flex;margin:0 2px;align-items:center"><svg width="4px" height="12px" xmlns="http://www.w3.org/2000/svg"><circle cx="2" cy="6" r="1" fill="#596e79"></circle></svg></span></span><span>2m read</span></div></div></div></a><div class="QMamC"></div><div class="_4SFrX"><div><div class="m04n-"><a href="/auto/news/mercedes-unveils-entry-level-electric-sedan-in-swipe-at-tesla-1.500060146"><div class="j8sWZ"><div style="order:2" class="yVAsu"><h2>Tesla rival? Mercedes debuts entry-level electric sedan</h2><h3 class="mWwmY">The CLA is Mercedes’ only new EV this year</h3><div class="HbRuW"><span>2m read</span></div></div> <div class="rE8Z-"><div class="vaPla"><figure style="padding-top:75%" class="_0rL02 fG2dB"><img src="//media.assettype.com/gulfnews%2F2025-03-13%2F2rsglqal%2FMerc.jpg?w=480&auto=format%2Ccompress&fit=max" srcSet="//media.assettype.com/gulfnews%2F2025-03-13%2F2rsglqal%2FMerc.jpg?w=250&auto=format%2Ccompress&fit=max 250w,//media.assettype.com/gulfnews%2F2025-03-13%2F2rsglqal%2FMerc.jpg?w=480&auto=format%2Ccompress&fit=max 480w,//media.assettype.com/gulfnews%2F2025-03-13%2F2rsglqal%2FMerc.jpg?w=640&auto=format%2Ccompress&fit=max 640w" alt="The new Mercedes-Benz CLA. Expected to start around $54,100, the new CLA will go up against models produced by Tesla and BYD." class="qt-image"/></figure></div></div></div></a></div><div class="Tj2AM"></div></div><div><div class="m04n-"><a href="/business/markets/mclaren-to-add-luxury-suvs-to-lineup-in-reboot-under-new-owner-1.500057569"><div class="j8sWZ"><div style="order:2" class="yVAsu"><h2>Abu Dhabi's McLaren to add luxury SUVs to lineup </h2><h3 class="mWwmY">The company will also continue producing supercars </h3><div class="HbRuW"><span>2m read</span></div></div> <div class="rE8Z-"><div class="vaPla"><figure style="padding-top:75%" class="_0rL02 fG2dB"><img src="//media.assettype.com/gulfnews%2F2025-03-11%2F4n0jhtvc%2F_1x_1.jpg?w=480&auto=format%2Ccompress&fit=max" srcSet="//media.assettype.com/gulfnews%2F2025-03-11%2F4n0jhtvc%2F_1x_1.jpg?w=250&auto=format%2Ccompress&fit=max 250w,//media.assettype.com/gulfnews%2F2025-03-11%2F4n0jhtvc%2F_1x_1.jpg?w=480&auto=format%2Ccompress&fit=max 480w,//media.assettype.com/gulfnews%2F2025-03-11%2F4n0jhtvc%2F_1x_1.jpg?w=640&auto=format%2Ccompress&fit=max 640w" alt="McLaren has had to tap shareholders for funding on multiple occasions in recent years amid delays to its Artura model." class="qt-image"/></figure></div></div></div></a></div><div class="Tj2AM"></div></div><div><div class="m04n-"><a href="/auto/news/volkswagen-profit-plunges-to-134-billion-in-2024-as-costs-rise-1.500057310"><div class="j8sWZ"><div style="order:2" class="yVAsu"><h2>Volkswagen profit drops to $13.b in 2024 as costs rise</h2><h3 class="mWwmY">German auto giant struggled with high production costs and fierce Chinese competition </h3><div class="HbRuW"><span>2m read</span></div></div> <div class="rE8Z-"><div class="vaPla"><figure style="padding-top:75%" class="_0rL02 fG2dB"><img src="//media.assettype.com/gulfnews%2Fimport%2F2024%2F09%2F05%2FVolkswagen-HQ_191c2abd0aa_large.jpg?w=480&auto=format%2Ccompress&fit=max" srcSet="//media.assettype.com/gulfnews%2Fimport%2F2024%2F09%2F05%2FVolkswagen-HQ_191c2abd0aa_large.jpg?w=250&auto=format%2Ccompress&fit=max 250w,//media.assettype.com/gulfnews%2Fimport%2F2024%2F09%2F05%2FVolkswagen-HQ_191c2abd0aa_large.jpg?w=480&auto=format%2Ccompress&fit=max 480w,//media.assettype.com/gulfnews%2Fimport%2F2024%2F09%2F05%2FVolkswagen-HQ_191c2abd0aa_large.jpg?w=640&auto=format%2Ccompress&fit=max 640w" alt="Workers fit car doors to VW Golfs on the assembly line at the Volkswagen AG factory in Wolfsburg, Germany. Some 680,000 people are employed by Volkswagen worldwide, with over 300,000 working for the group in Germany." class="qt-image"/></figure></div></div></div></a></div><div class="Tj2AM"></div></div><div><div class="m04n-"><a href="/world/americas/trump-says-will-buy-a-tesla-to-show-support-for-musk-1.500057281"><div class="j8sWZ"><div style="order:2" class="yVAsu"><h2>Trump says will buy a Tesla to show support for Musk</h2><h3 class="mWwmY">Tesla investors have feared boycotts over Musk's actions and close ties to Trump</h3><div class="HbRuW"><span>2m read</span></div></div> <div class="rE8Z-"><div class="vaPla"><figure style="padding-top:75%" class="_0rL02 fG2dB"><img src="//media.assettype.com/gulfnews%2Fimport%2F2024%2F11%2F13%2F20241113-tesla_193237af2a3_large.jpg?w=480&auto=format%2Ccompress&fit=max" srcSet="//media.assettype.com/gulfnews%2Fimport%2F2024%2F11%2F13%2F20241113-tesla_193237af2a3_large.jpg?w=250&auto=format%2Ccompress&fit=max 250w,//media.assettype.com/gulfnews%2Fimport%2F2024%2F11%2F13%2F20241113-tesla_193237af2a3_large.jpg?w=480&auto=format%2Ccompress&fit=max 480w,//media.assettype.com/gulfnews%2Fimport%2F2024%2F11%2F13%2F20241113-tesla_193237af2a3_large.jpg?w=640&auto=format%2Ccompress&fit=max 640w" alt="Trump has empowered tech billionaire Musk to slash federal government spending and agencies' workforces as head of the so-called Department of Government Efficiency (DOGE)." class="qt-image"/></figure></div></div></div></a></div><div class="Tj2AM"></div></div><div><div class="m04n-"><a href="/auto/news/i-bought-this-after-elon-went-crazy-south-koreas-kia-denies-responsibility-of-anti-musk-ad-1.500057270"><div class="j8sWZ"><div style="order:2" class="yVAsu"><h2>Anti-Musk ad: South Korea's Kia denies responsibility</h2><h3 class="mWwmY"> The ad shows its EV3, with a bumper sticker saying: "I bought this after Elon went crazy"</h3><div class="HbRuW"><span>2m read</span></div></div> <div class="rE8Z-"><div class="vaPla"><figure style="padding-top:75%" class="_0rL02 fG2dB"><img src="//media.assettype.com/gulfnews%2Fimport%2F2024%2F07%2F02%2FThe-Kia-EV3_19073d340a3_large.jpg?w=480&auto=format%2Ccompress&fit=max" srcSet="//media.assettype.com/gulfnews%2Fimport%2F2024%2F07%2F02%2FThe-Kia-EV3_19073d340a3_large.jpg?w=250&auto=format%2Ccompress&fit=max 250w,//media.assettype.com/gulfnews%2Fimport%2F2024%2F07%2F02%2FThe-Kia-EV3_19073d340a3_large.jpg?w=480&auto=format%2Ccompress&fit=max 480w,//media.assettype.com/gulfnews%2Fimport%2F2024%2F07%2F02%2FThe-Kia-EV3_19073d340a3_large.jpg?w=640&auto=format%2Ccompress&fit=max 640w" alt="South Korean automaker Kia told AFP on Tuesday it had not approved an advertising campaign that featured one of its electric vehicles with a bumper sticker denigrating rival Tesla owner Elon Musk." class="qt-image"/></figure></div></div></div></a></div><div class="Tj2AM"></div></div><div><div class="m04n-"><a href="/auto/news/tesla-is-flailing-in-china-and-the-rapid-rise-of-byd-is-to-blame-1.500056220"><div class="j8sWZ"><div style="order:2" class="yVAsu"><h2>Tesla is flailing in China and BYD’s rise is to blame</h2><h3 class="mWwmY">Year-end data place Tesla’s share of domestic sales at 2.6%, the lowest in 12 months</h3><div class="HbRuW"><span>4m read</span></div></div> <div class="rE8Z-"><div class="vaPla"><figure style="padding-top:75%" class="_0rL02 fG2dB"><img src="//media.assettype.com/gulfnews%2F2025-03-09%2Fwbwxb96f%2F_1x_1.jpg?w=480&auto=format%2Ccompress&fit=max" srcSet="//media.assettype.com/gulfnews%2F2025-03-09%2Fwbwxb96f%2F_1x_1.jpg?w=250&auto=format%2Ccompress&fit=max 250w,//media.assettype.com/gulfnews%2F2025-03-09%2Fwbwxb96f%2F_1x_1.jpg?w=480&auto=format%2Ccompress&fit=max 480w,//media.assettype.com/gulfnews%2F2025-03-09%2Fwbwxb96f%2F_1x_1.jpg?w=640&auto=format%2Ccompress&fit=max 640w" alt="Tesla Vehicles and showrooms in Beijing as Automaker's China sales slump adds to worrying global slowdown" class="qt-image"/></figure></div></div></div></a></div><div class="Tj2AM"></div></div><div><div class="m04n-"><a href="/auto/news/asian-markets-rise-on-trump-auto-tariff-reprieve-1.500053536"><div class="j8sWZ"><div style="order:2" class="yVAsu"><h2>Asian markets rise on Trump auto tariff reprieve</h2><h3 class="mWwmY">US President announces one-month tariff delay on auto imports from Mexico and Canada</h3><div class="HbRuW"><span>2m read</span></div></div> <div class="rE8Z-"><div class="vaPla"><figure style="padding-top:75%" class="_0rL02 fG2dB"><img src="//media.assettype.com/gulfnews%2F2025-03-03%2Fi3t8daek%2F_1x_1.jpg?w=480&auto=format%2Ccompress&fit=max" srcSet="//media.assettype.com/gulfnews%2F2025-03-03%2Fi3t8daek%2F_1x_1.jpg?w=250&auto=format%2Ccompress&fit=max 250w,//media.assettype.com/gulfnews%2F2025-03-03%2Fi3t8daek%2F_1x_1.jpg?w=480&auto=format%2Ccompress&fit=max 480w,//media.assettype.com/gulfnews%2F2025-03-03%2Fi3t8daek%2F_1x_1.jpg?w=640&auto=format%2Ccompress&fit=max 640w" alt="Trump tariffs would crimp cross-Border auto trade." class="qt-image"/></figure></div></div></div></a></div><div class="Tj2AM"></div></div></div><div class="pR8Wu"><button class="sqS8m">LOAD MORE</button></div></div><div class="HmZjb"><div class="mWPFS"></div><div><div class="dNNpM"><div class="pWwjt"><span class="JKOaX">TRENDING STORIES</span><div class="_6Rb0h"></div></div></div></div><div class="q6MUk"><div class="L1aHm"><div id="section-page-ad2" style="--mobile-min-height:250px;--tablet-min-height:200px;--desktop-min-height:200px" class="JR8SJ _5lGh3 qA7u8"></div></div></div></div></div><div class="JROqJ"><div class="L1aHm"><div id="section-page-ad3" style="--mobile-min-height:250px;--tablet-min-height:50px;--desktop-min-height:90px" class="JR8SJ qKimL qA7u8"></div></div></div></div></div> </div> <footer id="footer" class="footer-wrapper"><div class="e82R0"><div 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The Naran hypercar then embarked on its European tour at Salon Privé at Blenheim Palace – Britain’s most prestigious luxury automotive concours. Then Puglia, Italy, with the Supercar Owners Circle, Monaco at the prestigious Yacht Show, and most recently at the Alpina Hotel in Gstaad, Switzerland.\u003C\u002Fp\u003E\u003Ch2\u003EOnly 39 cars to be built\u003C\u002Fh2\u003E\u003Cp\u003EOnly 39 cars will ever be built, and with customisation options available to owners, including the chance to name their own edition, each one will be a unique luxury creation, the company said.\u003C\u002Fp\u003E\u003Cp\u003EThe hypercar will produce up to 1,000bhp thanks to its 5.0-litre twin-turbo V8 engine, delivering a competitive 0-60mph time. 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Mercedes will begin making the vehicle in the coming weeks, with sales starting in early summer.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b8a8628-22ce-429f-b8e2-0ac777d6beb7\u002Felement\u002Ffa529b71-8613-40fc-ac9a-d3a76fdd20f7","type":"text","family-id":"18e85a70-97b1-4bdd-8fc3-a79fb6a6804e","title":"","id":"fa529b71-8613-40fc-ac9a-d3a76fdd20f7","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe new car will be a test for whether Mercedes can make EVs that sell after the company’s initial focus on top-end models like the €110,000 EQS limousine flopped. The CLA is Mercedes’ only new EV this year, putting extra scrutiny on its technology at a time when the automaker’s profitability comes under growing pressure.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b8a8628-22ce-429f-b8e2-0ac777d6beb7\u002Felement\u002F3b32a526-5fd3-49c4-8a81-94a17ddab349","type":"text","family-id":"2b7af173-c041-47e3-8d5f-0ca2e10a83ea","title":"","id":"3b32a526-5fd3-49c4-8a81-94a17ddab349","metadata":null,"subtype":null,"text":"\u003Cp\u003EWhile the sedan carries a roughly €10,000 premium over Tesla’s similarly-sized Model 3, it may benefit from shifting attitudes toward Musk over his polarizing politics. Tesla’s deliveries plunged 76% last month in Europe’s biggest car market Germany, where Musk has endorsed the far-right AfD party. Sales of the Model 3 are down across the region, and slumped last year in California, which voted overwhelmingly Democratic.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b8a8628-22ce-429f-b8e2-0ac777d6beb7\u002Felement\u002F9a3d66cc-988b-43ea-8691-b7f825b1e136","type":"text","family-id":"c33960e5-9b1c-4951-bd4e-329877ee913d","title":"","id":"9a3d66cc-988b-43ea-8691-b7f825b1e136","metadata":null,"subtype":null,"text":"\u003Cp\u003EExecutives are also betting on the sedan to counter the narrative that Mercedes is falling hopelessly behind in China. The company’s sales are declining in the world’s largest auto market as local brands like BYD and Geely Auto are taking over with highly affordable EVs. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b8a8628-22ce-429f-b8e2-0ac777d6beb7\u002Felement\u002Ffcbde5bc-2189-4849-aed9-57f4e7c0105b","type":"text","family-id":"1275f096-7342-49bc-a04a-f60856ed4961","title":"","id":"fcbde5bc-2189-4849-aed9-57f4e7c0105b","metadata":null,"subtype":null,"text":"\u003Cp\u003ETo strengthen the CLA’s appeal, Mercedes is equipping the sedan with its latest software, and perks including a glass roof that filters UV rays while brightening the cabin.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b8a8628-22ce-429f-b8e2-0ac777d6beb7\u002Felement\u002F0b5ed208-ed7f-461e-a490-6cef03a6532d","type":"text","family-id":"1913ced3-541a-4a16-a317-d151bc5fb4d9","title":"","id":"0b5ed208-ed7f-461e-a490-6cef03a6532d","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe EV will have a range of as many as 792 kilometers (492 miles) before needing to recharge. 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The company will also continue producing supercars.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F4453adb8-84fb-49f5-8b14-cd7e600ebf4c\u002Felement\u002F669aed52-630f-4f75-8019-e0aa3d9af032","type":"text","family-id":"f85a5437-09d0-4405-9c41-95e4dc68da82","title":"","id":"669aed52-630f-4f75-8019-e0aa3d9af032","metadata":{},"subtype":null,"text":"\u003Cp\u003ECYVN plans to announce the merger in the coming weeks, some of the people said. Nick Collins, a former Jaguar Land Rover executive, will lead the enlarged entity, while McLaren’s current Chief Executive Officer Michael Leiters will remain the head of the brand’s car company, they added. McLaren declined to comment, while CYVN has been contacted for comment.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F4453adb8-84fb-49f5-8b14-cd7e600ebf4c\u002Felement\u002Fef3a2f2d-d820-4ff5-b8fe-bbe8bb0e162d","type":"text","family-id":"782bc41f-b9d5-4007-8ad5-f9206862e751","title":"","id":"ef3a2f2d-d820-4ff5-b8fe-bbe8bb0e162d","metadata":{},"subtype":null,"text":"\u003Cp\u003ECYVN is aiming to reverse years of losses at McLaren, one of the UK’s best-known sports car brands that’s been strapped for cash. McLaren has had to tap shareholders for funding on multiple occasions in recent years amid delays to its Artura model. The manufacturer also sold some of its heritage car collection, offloaded its advanced technologies arm and completed a sale and leaseback of its Woking headquarters.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F4453adb8-84fb-49f5-8b14-cd7e600ebf4c\u002Felement\u002Fb462f79d-55bc-4b19-9ccc-81f37c7f0b3e","type":"text","family-id":"e9efe306-b729-42ba-87dd-5e0226dd31e1","title":"","id":"b462f79d-55bc-4b19-9ccc-81f37c7f0b3e","metadata":{},"subtype":null,"text":"\u003Cp\u003EA merger with Forseven appears to be the first step in a turnaround under the new owners. While sports car brands including Ferrari, Lamborghini and Porsche have launched SUVs to capitalize on rising demand, McLaren for years resisted as it focused on performance cars.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F4453adb8-84fb-49f5-8b14-cd7e600ebf4c\u002Felement\u002F51a460fd-6dbf-4bbf-a55c-3b01734ffe6f","type":"text","family-id":"35d9709e-ab2a-474a-879a-bd9f6dd9c80e","title":"","id":"51a460fd-6dbf-4bbf-a55c-3b01734ffe6f","metadata":{},"subtype":null,"text":"\u003Cp\u003EFormer CEO Mike Flewitt had previously declared McLaren would never build a larger car, saying in a 2018 interview with TopGear.com that there were “more than enough SUVs in the world and we don’t need another one.” Leiters last year confirmed plans to enter the SUV market.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F4453adb8-84fb-49f5-8b14-cd7e600ebf4c\u002Felement\u002F705afe65-e040-4a21-8bc1-d517c4ba5637","type":"text","family-id":"5209ada4-0e62-49ae-9842-8e272ab3c07e","title":"","id":"705afe65-e040-4a21-8bc1-d517c4ba5637","metadata":{},"subtype":null,"text":"\u003Cp\u003ELittle is known about Forseven, which touts itself as a British luxury car company but hasn’t yet revealed plans for any models or when it aims to start selling cars. Chinese EV maker Nio Inc. said in February 2024 that it had entered into a technology licensing agreement with Forseven. CYVN is also an investor in Nio. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F4453adb8-84fb-49f5-8b14-cd7e600ebf4c\u002Felement\u002F0cf3bff4-b51b-4402-9e76-eb3e7ddca955","type":"text","family-id":"a0c82877-9667-41b2-9075-d94e4f61e006","title":"","id":"0cf3bff4-b51b-4402-9e76-eb3e7ddca955","metadata":{},"subtype":null,"text":"\u003Cp\u003EAs well as purchasing the automotive business from Bahrain’s Mumtalakat Holding Co., CYVN also bought a minority stake in the McLaren F1 team, which is riding high after winning last year’s constructors’ championship for the first time since 1998.\u003C\u002Fp\u003E"}],"card-updated-at":1741696426264,"content-version-id":"64033571-db30-4962-b53a-9e0954682d8f","card-added-at":1741691523699,"status":"draft","id":"9bcd6bbd-650e-4661-bb78-dbcdf46c3086","content-id":"9bcd6bbd-650e-4661-bb78-dbcdf46c3086","version":8,"metadata":{"social-share":{"shareable":false,"title":"Abu Dhabi's McLaren to add luxury SUVs to lineup 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","push-notification-title":null,"external-id":"afp-gn--newsml.afp.com.20250311T063124Z.doc-36zk8uu","canonical-url":null,"hero-image-hyperlink":null,"autotags":[],"linked-entities":[],"status":"published","hero-image-attribution":"Bloomberg","bullet-type":"123","hero-image-alt-text":"Volkswagen HQ","id":"31f3317d-8f8f-4dc1-b413-84b7660af3ee","hero-image-s3-key":"gulfnews\u002Fimport\u002F2024\u002F09\u002F05\u002FVolkswagen-HQ_191c2abd0aa_large.jpg","contributors":[],"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002F31f3317d-8f8f-4dc1-b413-84b7660af3ee\u002Felement\u002F5eeb53a1-431d-4215-8c45-f8737cec94cb","type":"text","family-id":"14356557-bc83-49a0-a138-343105264b8d","title":"","id":"5eeb53a1-431d-4215-8c45-f8737cec94cb","metadata":{},"subtype":null,"text":"\u003Cp\u003EGerman auto giant Volkswagen said Tuesday its net profit nosedived last year, as Europe's largest carmaker struggled with high production costs and fierce Chinese competition.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F31f3317d-8f8f-4dc1-b413-84b7660af3ee\u002Felement\u002F2c59e78d-db53-4dad-a373-bc0608101d57","type":"text","family-id":"f2190da5-8c8b-444d-b81b-b456f19dfc64","title":"","id":"2c59e78d-db53-4dad-a373-bc0608101d57","metadata":{},"subtype":null,"text":"\u003Cp\u003EAt 12.4 billion euros ($13.4 billion) in 2024, net profit fell 30.6 percent compared with the previous year, even as overall sales grew slightly to reach 324.7 billion euros (about $353 billion).\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F31f3317d-8f8f-4dc1-b413-84b7660af3ee\u002Felement\u002F0fd7dd43-da54-4e7e-84a7-8555deb973c6","type":"text","family-id":"82add2f2-d679-41f1-977b-692a01c6165c","title":"","id":"0fd7dd43-da54-4e7e-84a7-8555deb973c6","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe group's operating result, a closely watched measure of underlying profitability, also fell to 19.1 billion euros, 15 percent 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Musk.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F273543f5-157b-4298-b059-5b46399aba18\u002Felement\u002Fed45863b-24e7-4edb-a02d-6a9c54654d35","type":"text","family-id":"a9f58b81-42b9-4f87-a496-905b5933d706","title":"","id":"ed45863b-24e7-4edb-a02d-6a9c54654d35","metadata":null,"subtype":null,"text":"\u003Cp\u003E"To Republicans, Conservatives, and all great Americans, Elon Musk is 'putting it on the line' in order to help our Nation, and he is doing a FANTASTIC JOB!," Trump posted on his Truth Social platform just after midnight on Tuesday.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F273543f5-157b-4298-b059-5b46399aba18\u002Felement\u002F739edad0-e836-4f89-b94f-b86ab39f404e","type":"text","family-id":"0cac60f3-b5af-460e-8783-364100ccf354","title":"","id":"739edad0-e836-4f89-b94f-b86ab39f404e","metadata":null,"subtype":null,"text":"\u003Cp\u003E"But the Radical Left Lunatics, as they often do, are trying to illegally and collusively 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tremendous skills to work in order to help MAKE AMERICA GREAT AGAIN???"\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F273543f5-157b-4298-b059-5b46399aba18\u002Felement\u002F1cf412c3-513a-443b-8745-3fd1e53b6259","type":"text","family-id":"190edc3d-a629-4119-8553-520030f6d10b","title":"","id":"1cf412c3-513a-443b-8745-3fd1e53b6259","metadata":null,"subtype":null,"text":"\u003Cp\u003ESince returning to the White House in January, Trump has empowered tech billionaire Musk to slash federal government spending and agencies' workforces as head of the so-called Department of Government Efficiency (DOGE).\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F273543f5-157b-4298-b059-5b46399aba18\u002Felement\u002Fc547b484-9aa4-49e5-84d5-5bc3ba931b0a","type":"text","family-id":"e8f432f1-a705-441b-b205-ced997651788","title":"","id":"c547b484-9aa4-49e5-84d5-5bc3ba931b0a","metadata":null,"subtype":null,"text":"\u003Cp\u003EBut DOGE's cost-cutting campaign has faced 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Tesla’s shipments plunged 49% in February from a year earlier to just 30,688 vehicles, the lowest monthly figure since way back in July 2022, when it shipped just 28,217 EVs — and that was in the middle of Covid.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002Fae16965a-6021-474d-a93a-089be3324911","type":"text","family-id":"415e5535-1f93-42d1-86ed-86f8b92833cc","title":"","id":"ae16965a-6021-474d-a93a-089be3324911","metadata":{},"subtype":null,"text":"\u003Cp\u003ETesla’s factory on the outskirts of Shanghai has had some of its production lines retooled for efficiency and to relaunch the popular Model Y, so it’s to be expected both that output dropped and will take some time to ramp back up. But even before that, the trend was heading in the wrong direction.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002Fc20a0235-001e-4f1b-851f-267220902c6c","type":"text","family-id":"15c5028d-1b3a-4ed7-b69c-201babaf5335","title":"","id":"c20a0235-001e-4f1b-851f-267220902c6c","metadata":{},"subtype":null,"text":"\u003Cp\u003EA chart shows the market shares of the top 12 automakers in China by sales for any type of car — electric, hybrid or otherwise. Tesla, at No. 11, is well under 5%. Indeed, most carmakers’ trend lines are sloping down, not up, especially the international ones.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002F743f5523-2d9f-4d0e-a2f9-98a7e20e9c30","type":"text","family-id":"603fac0c-f07e-4d85-9348-47ec6b69035e","title":"","id":"743f5523-2d9f-4d0e-a2f9-98a7e20e9c30","metadata":{},"subtype":null,"text":"\u003Cp\u003EThen there’s BYD Co. The company, which stopped making cars powered entirely by internal combustion engines in March 2022, has a market share heading toward 15%. It sold more than 318,000 fully electric and hybrid passenger vehicles last month, up 161% year-on-year. The Shenzhen-based carmaker also notched another record month for overseas sales, which hit 67,025 units.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002F6670d011-8a9b-4f0c-bead-803dc54a091e","type":"text","family-id":"865f57f5-a8ab-4a93-a30e-9c2b505a46ab","title":"","id":"6670d011-8a9b-4f0c-bead-803dc54a091e","metadata":{},"subtype":null,"text":"\u003Cp\u003EIts success is a major reason why Tesla is losing.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002F550ca3af-02a2-4112-8ba7-2b2f8753491e","type":"text","family-id":"4391fa2c-51a0-4ce4-a10c-67cd58cc28e4","title":"","id":"550ca3af-02a2-4112-8ba7-2b2f8753491e","metadata":null,"subtype":null,"text":"\u003Cp\u003EWhile Tesla sales in other parts of the world are cratering as Musk wades deeper into politics many find unsavory — sales in Germany plunged 76% to only 1,429 cars last month, even as overall EV registrations jumped — in China, disappointing shipments have more to do with a narrow and dated lineup, particularly in the face of up-to-date and more exciting offerings from BYD and others.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002Ff7cbee13-cb84-4cc6-838c-d19750b1a972","type":"text","family-id":"5182e07f-393d-4b61-b9a4-ff0c11c38b08","title":"","id":"f7cbee13-cb84-4cc6-838c-d19750b1a972","metadata":null,"subtype":null,"text":"\u003Cp\u003EYear-end data place Tesla’s share of domestic sales at 2.6%, the lowest in 12 months, according to figures compiled by the China Automotive Technology and Research Center.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002F49553f58-7fd2-42e0-9a25-390606ff7a5b","type":"text","family-id":"873376c1-4742-4eef-9d13-e5a2d615a0b2","title":"","id":"49553f58-7fd2-42e0-9a25-390606ff7a5b","metadata":null,"subtype":null,"text":"\u003Cp\u003EMorgan Stanley said in a note earlier this month that it expects Tesla’s China exposure “to continue to fall systematically.” While the country accounted for 21% of Tesla’s total revenues in 2024, analysts at the investment bank project by 2030, that will fall to around 6% to 7%.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002Ffcf2553f-8cff-4136-84a7-c5686d43a990","type":"text","family-id":"7e7ee90c-cb37-4e05-a5e6-932711445e80","title":"","id":"fcf2553f-8cff-4136-84a7-c5686d43a990","metadata":null,"subtype":null,"text":"\u003Cp\u003EAnother chart shows how BYD has muscled into Tesla’s sweet spot.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002Fb7195e31-7200-4983-911a-fabc45574973","type":"text","family-id":"4c5c19ed-17b1-4973-8c77-21f09102603c","title":"","id":"b7195e31-7200-4983-911a-fabc45574973","metadata":null,"subtype":null,"text":"\u003Cp\u003EBoth the Model Y and Model 3, the two vehicles Tesla makes in Shanghai, have only had their prices trimmed, rather than slashed, and buying one still costs around $33,500 on average. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002F8b0adc31-f7b8-4844-beb0-55f1a8b62d9b","type":"text","family-id":"61230254-0481-4826-a59f-b2b1cb7a4520","title":"","id":"8b0adc31-f7b8-4844-beb0-55f1a8b62d9b","metadata":null,"subtype":null,"text":"\u003Cp\u003EBYD’s best-selling model this year in China, a sporty hatchback called the Song Plus, has had its sticker price reduced by between 8% to 18%, depending on the car’s specs. The most expensive Song Plus EV retails for around $21,000 — much cheaper than a Tesla.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002Fb5bb4b04-8fc6-4f70-b541-b9816ca050d3","type":"text","family-id":"d4fb492b-a615-4262-a4fd-714095800570","title":"","id":"b5bb4b04-8fc6-4f70-b541-b9816ca050d3","metadata":null,"subtype":null,"text":"\u003Cp\u003EAnother of BYD’s popular models, the Seagull, which has found around 82,435 buyers this year, comes in at an even more affordable $9,900, on average.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002F4b3da481-fd15-49a6-ae60-efda34a4f8f7","type":"text","family-id":"b66e6aea-4c15-45ee-be25-e985c789af71","title":"","id":"4b3da481-fd15-49a6-ae60-efda34a4f8f7","metadata":null,"subtype":null,"text":"\u003Cp\u003EChinese carmakers have also significantly upped their game when it comes to localized software tailored to domestic driving conditions.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002Fd13b813a-ec1b-4932-a5cf-1b2a6a3cffdc","type":"text","family-id":"5efc35bb-c3ea-4249-a665-901cb86e1049","title":"","id":"d13b813a-ec1b-4932-a5cf-1b2a6a3cffdc","metadata":null,"subtype":null,"text":"\u003Cp\u003EBYD said earlier this year that it’s taking advanced driver-assistance to the masses by including its God’s Eye technology in even some of its cheapest cars. Now, features like lane keeping and adaptive cruise control will be for everyone, not only people who can afford mid- to high-end models.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002F2d395e31-4bb3-428e-a855-df7bdee38018","type":"text","family-id":"8c8193b1-603f-43d4-b469-d59ec594c51f","title":"","id":"2d395e31-4bb3-428e-a855-df7bdee38018","metadata":null,"subtype":null,"text":"\u003Cp\u003EGeely Automobile Holdings Ltd., China’s fourth-ranked carmaker by market share, said last week that its AI-powered pilot system will be added to all of its brands, including Galaxy, Zeekr and Lynk. The G-Pilot technology will enable cars to navigate highways and self park.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002F9cf85e30-de1b-466c-866b-0725a98f5690","type":"text","family-id":"2f3dffa7-543c-4eec-906b-fcc43d688cea","title":"","id":"9cf85e30-de1b-466c-866b-0725a98f5690","metadata":null,"subtype":null,"text":"\u003Cp\u003ETesla isn’t standing still. Apart from its highly anticipated Model Y refresh — the sport utility vehicle now features a thin LED light running across its front end, reminiscent of the Cybertruck — Tesla last month enabled driver-assistance capabilities in China similar to those marketed as Full Self-Driving, or FSD, in the US. The software will be switched on for customers who’ve paid 64,000 yuan ($8,800). Then again, that’s almost as much as what it would cost to buy an entire one of BYD’s cars.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002Faefe97c4-2996-4181-9886-c97b6cfa72de","type":"text","family-id":"b702578f-77e8-4adc-8735-13cf40d906a4","title":"","id":"aefe97c4-2996-4181-9886-c97b6cfa72de","metadata":null,"subtype":null,"text":"\u003Cp\u003EFor Tesla, a recalibration of its pricing strategies, both for its driver-assistance functions and the vehicles themselves, is paramount.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002F49061312-e059-43a8-8a02-12b5371bc64d","type":"text","family-id":"c93c9e21-7cca-4b9d-97ce-d8721f6ffcc9","title":"","id":"49061312-e059-43a8-8a02-12b5371bc64d","metadata":null,"subtype":null,"text":"\u003Cp\u003EOffering tiered FSD packages, or a subscription option like what Tesla has in the US, could broaden the appeal of its EVs. Chinese consumers place a lot of importance on intelligent software features in cars. That’s something Tesla could capitalize on as Musk’s pulling power wanes among some consumers.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002Fb9df1914-e21c-4e78-b4c0-2f1d93d7b84c","type":"text","family-id":"73845002-1a42-4416-89c5-18a1770149c3","title":"","id":"b9df1914-e21c-4e78-b4c0-2f1d93d7b84c","metadata":null,"subtype":null,"text":"\u003Cp\u003ETesla could also look to integrate more locally sourced components and leverage China’s robust supply chain so that it’s not only building cars powered by electricity, but also by technology.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F75018fe4-7821-40f6-b9aa-920d8e23e337\u002Felement\u002F42b16a89-a246-4131-8020-4f16473886f9","type":"text","family-id":"680ad8b0-dadf-43ae-a0cc-fc294ccd3926","title":"","id":"42b16a89-a246-4131-8020-4f16473886f9","metadata":null,"subtype":null,"text":"\u003Cp\u003EBYD understands those domestic market dynamics well. The key for the company will be whether it can replicate its success in big car markets outside of China, even in the face of tariffs. 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Canada.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F3bd0417f-2e1b-49d8-ab80-6dc5939d5f75\u002Felement\u002F0b86cfa1-bb5c-42ae-806a-1fe937362e9e","type":"text","family-id":"3abe84d7-e1cc-4cb4-b1ad-0f003ba320a3","title":"","id":"0b86cfa1-bb5c-42ae-806a-1fe937362e9e","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe White House announced Wednesday an exemption on any autos coming through the North American neighbours' free trade pact, after Trump held talks with the \"Big Three\" US automakers — Stellantis, Ford and General Motors.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F3bd0417f-2e1b-49d8-ab80-6dc5939d5f75\u002Felement\u002F04e145d6-420a-4f40-9b31-cf69a5865501","type":"text","family-id":"f2a8feab-302d-49b3-8a40-171a4c95d68d","title":"","id":"04e145d6-420a-4f40-9b31-cf69a5865501","metadata":{},"subtype":null,"text":"\u003Cp\u003EUS automakers have been among the most exposed to Trump's trade policy, which saw 25 percent blanket tariffs imposed on Mexico and Canada earlier this week — with a lower rate for Canadian energy.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F3bd0417f-2e1b-49d8-ab80-6dc5939d5f75\u002Felement\u002Fd650a2ef-0566-47c7-93fa-b9f5697b27a5","type":"text","family-id":"67d73e2c-91b9-4a7f-94fc-1546931154e6","title":"","id":"d650a2ef-0566-47c7-93fa-b9f5697b27a5","metadata":{},"subtype":null,"text":"\u003Cp\u003EWednesday's tariff delay buoyed global markets and lifted the auto sector, with stocks in Hong Kong, Tokyo and Seoul also climbing Thursday morning.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F3bd0417f-2e1b-49d8-ab80-6dc5939d5f75\u002Felement\u002F14a0a56e-5421-44db-96d6-3bbfb2807093","type":"text","family-id":"b251cbb0-a79e-42c3-acbd-1fb3228a2b85","title":"","id":"14a0a56e-5421-44db-96d6-3bbfb2807093","metadata":{},"subtype":null,"text":"\u003Cp\u003E\"We have little details on what products the pause will cover — whether this will only apply to finished cars or also automotive parts — but given the exceptional degree of integration across North America for this industrial value chain, the decision is hardly surprising,\" said Maeva Cousin of Bloomberg Economics.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F3bd0417f-2e1b-49d8-ab80-6dc5939d5f75\u002Felement\u002F44132509-3491-400d-a8ac-546a31c3f2ef","type":"text","family-id":"1e9b08be-cd70-4ac2-8e77-f7341e4e298c","title":"","id":"44132509-3491-400d-a8ac-546a31c3f2ef","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe prospects of wider relief were dampened, however, after Trump said he was unconvinced Canada had done enough to address Washington's concerns over cross-border fentanyl smuggling.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F3bd0417f-2e1b-49d8-ab80-6dc5939d5f75\u002Felement\u002F118931a6-33ac-4f81-aa2f-a61eef375164","type":"text","family-id":"0f8a5c7a-7044-4e05-8ffb-b3c80b6fc194","title":"","id":"118931a6-33ac-4f81-aa2f-a61eef375164","metadata":{},"subtype":null,"text":"\u003Cp\u003ECanada contributes less than one percent of fentanyl to the United States' illicit supply, according to Canadian and US government data.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F3bd0417f-2e1b-49d8-ab80-6dc5939d5f75\u002Felement\u002Fee32adee-60d1-40d9-bbca-3e242438d9e7","type":"text","family-id":"5fff014d-81aa-4ba7-b10e-b99e9c4b79ce","title":"","id":"ee32adee-60d1-40d9-bbca-3e242438d9e7","metadata":{},"subtype":null,"text":"\u003Cp\u003EIn Asia, Chinese stocks were also responding well to Beijing announcing its 2025 growth target of around five percent, at the start of its annual meeting of the National People's Congress 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This Ramadan and Eid, new car buyers in the UAE are spoilt for choice with dealers loading their offers with extra incentives, whether on the auto financing side or straight cash discounts. Some offers even extend to paying for the fuel costs for a certain period…  \u003C\u002Fp\u003E\u003Cp\u003EThe most popular choice among car buyers seems to be the aggressive 0% multi-year financing that’s available from car brands and their supporting banks. And the offers are what they promise – buyers can pick their choice of model and pay in interest-free instalments for periods that usually extend to three- or five years. The interest on these loans only kick in after this until such time these are paid off.\u003C\u002Fp\u003E\u003Cp\u003EDealers say that 0% financing deals proved quite popular in the end-of-year promotions they had running in November and December. “It didn’t matter whether it was an entry level sedan or a fairly premium SUV or EV – the zero financing worked in a market where buyers are getting extremely cautious about costs,” said the general manager at a local dealer.     \u003C\u002Fp\u003E\u003Cp\u003ESome dealers are even willing to sign off on a car purchase with minimal down payment from the buyer. Industry sources say that offers need to be seen as going the extra distance in buyers feeling there is real merit to buying now.\u003C\u002Fp\u003E\u003Cp\u003E“We see the finance offers are having an average duration of 4.8 years and are interest-free,” said Sebastian Fuchs, Managing Director of AutoData M.E. “This gets ring-fenced by service and warranty extensions, so that the customer in many cases does not have to worry about any additional cost other than fuel, electricity and insurance for 5 years.”\u003C\u002Fp\u003E\u003Cp\u003EIn recent years, dealers have offered stretched warranties, even up to 7- and 10 years (or 1 million in kilometers run).\u003C\u002Fp\u003E\u003Cp\u003EWhile these remain popular in themselves, the 0% financing and free multi-year insurance are now emerging as the major dealer giveaways to lock in the buyer.\u003C\u002Fp\u003E\u003Ch3\u003EAnother year of motor insurance hikes\u003C\u002Fh3\u003E\u003Cp\u003EPotential new car buyers are specifically scouting for offers where they can drive the vehicle without worrying about paying higher insurance in a year or two. “Motor insurance premiums have in the last 12 months alone gone up by 15%-35% across the board,” said an insurance industry source.\u003C\u002Fp\u003E\u003Cp\u003EBased on the ongoing Ramadan promotions, dealers seem to have a good idea of what their buyers want. “If it’s a 0% finance, free registration, and multi-year free insurance, then these are significant savings for the new car buyer,” said a dealer source. “This way, they are truly cushioned from any interest rate volatility and get suddenly hit with higher insurance after the first year of owning the car.”\u003C\u002Fp\u003E\u003Ch3\u003EWhat about discounts as Ramadan offers?\u003C\u002Fh3\u003E\u003Cp\u003EThere are still straight discounts offered by some UAE dealers, but Fuchs of AutoData reckons the split is 60:40 in favour of 0% financing and other similar deals.\u003C\u002Fp\u003E\u003Cp\u003E“We see discounts of between 10%-20% on average for new cars,” said Fuchs. “Asian and European car brands seem to favor the finance offers, whereas American brands rely more on the cash discounts.”\u003C\u002Fp\u003E"}],"card-updated-at":1741232304717,"content-version-id":"92438aa1-c36e-4c7d-abc9-8d8e2c43661f","card-added-at":1741230710031,"status":"draft","id":"7e935c71-bc9f-4fbc-9f9d-882aba1d2f42","content-id":"7e935c71-bc9f-4fbc-9f9d-882aba1d2f42","version":6,"metadata":{"social-share":{"shareable":false,"title":"Ramadan in UAE: Car buyers go for 0% finance and multi-year free insurance","message":null,"image":{"key":"gulfnews\u002F2025-03-05\u002Farx1wxog\u002FZero-Car-buying.jpg","url":null,"attribution":"Shutterstock","alt-text":null,"caption":"UAE dealers believe they have landed on a winning offer with 0% financing of up to 5 years. Even longer. And by offering multi-year free insurance. ","metadata":{"mime-type":"image\u002Fjpeg","width":5688,"file-size":5801308,"file-name":"Zero-Car-buying.jpg","height":3776}}},"attributes":{}}}],"url":"https:\u002F\u002Fgulfnews.com\u002Fbusiness\u002Fretail\u002Framadan-uae-car-buyers-go-for-0-finance-and-multi-year-free-insurance-1.500053529","story-version-id":"59021a14-3d13-4d6d-8bb0-3b4b239c0284","content-type":"story","content-updated-at":1741232311694,"author-id":2119881,"owner-id":2119881,"linked-story-ids":[],"access":null,"asana-project-id":null,"first-published-at":1741231298567,"hero-image-caption":"UAE dealers believe they have landed on a winning offer with 0% financing of up to 5 years. Even longer. And by offering multi-year free insurance. ","version":8,"story-template":"text","sequence-no":null,"created-at":1741232304709,"authors":[{"slug":"manoj-nair","social":{},"name":"Manoj Nair","contributor-role":{"id":9983,"name":"Author"},"avatar-url":null,"bio":null,"id":2119881,"avatar-s3-key":null,"twitter-handle":null},{"slug":"dhanusha-gokulan-chief-reporter","social":{},"name":"Dhanusha Gokulan, Chief Reporter","contributor-role":null,"avatar-url":null,"bio":null,"id":2171954,"avatar-s3-key":null,"twitter-handle":null}],"metadata":{"card-share":{"shareable":false}},"publish-at":null,"assignee-name":"Manoj Nair"}},{"id":"4d4fd6d9-bd87-4ca1-9a1c-f6f93e97777d","score":null,"type":"story","item":{"headline":["Volkswagen bets on affordable EV for turnaround"]},"story":{"updated-at":1741201036911,"seo":{"claim-reviews":{"story":null}},"assignee-id":2180995,"author-name":"AFP","tags":[],"headline":"Volkswagen bets on affordable EV for turnaround","storyline-id":null,"votes":{},"story-content-id":"4d4fd6d9-bd87-4ca1-9a1c-f6f93e97777d","slug":"auto\u002Fnews\u002Fvolkswagen-bets-on-affordable-ev-for-turnaround-1.500053291","last-published-at":1741201038916,"public-identifier":"1.500053291","subheadline":"The company has poured huge sums into the shift to electric vehicles in recent years","alternative":{"home":{"default":{"headline":"Volkswagen bets on affordable EV for turnaround","hero-image":null}}},"sections":[{"domain-slug":null,"slug":"news","name":"auto-news","section-url":"https:\u002F\u002Fgulfnews.com\u002Fauto\u002Fnews","id":85371,"parent-id":85286,"display-name":"News","collection":{"slug":"news-auto","name":"auto-news (auto)","id":194795},"data":null},{"domain-slug":null,"slug":"business","name":"Business","section-url":"https:\u002F\u002Fgulfnews.com\u002Fbusiness","id":85215,"parent-id":null,"display-name":"Business","collection":{"slug":"business","name":"Business LANDING PAGE","id":194639},"data":null}],"read-time":2,"access-level-value":null,"content-created-at":1741198707036,"is-embargoed":false,"owner-name":"Syndication","custom-slug":null,"push-notification":null,"publisher-id":6314,"hero-image-metadata":{"width":5494,"height":3645,"focus-point":[3489,2373]},"comments":null,"word-count":276,"story-features":null,"entities":{},"published-at":1741201038916,"embargoed-till":null,"breaking-news-linked-story-id":null,"storyline-title":null,"summary":"Volkswagen bets on affordable EV for turnaround","push-notification-title":null,"external-id":"afp-gn--newsml.afp.com.20250305T181717Z.doc-36zd4uk","canonical-url":null,"hero-image-hyperlink":null,"autotags":[],"linked-entities":[],"status":"published","hero-image-attribution":"AFP","bullet-type":"123","hero-image-alt-text":null,"id":"4d4fd6d9-bd87-4ca1-9a1c-f6f93e97777d","hero-image-s3-key":"gulfnews\u002F2025-02-15\u002Fvavrtdxh\u002Fnewsml_afp_com_20250215T094607Z_doc_36xw9np.jpeg","contributors":[],"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002F4d4fd6d9-bd87-4ca1-9a1c-f6f93e97777d\u002Felement\u002F2bb5586e-87da-4d69-b19a-2b9a430e1ff4","type":"text","family-id":"5731ecfc-6f9b-4a13-b9ad-588c4f01cb1c","title":"","id":"2bb5586e-87da-4d69-b19a-2b9a430e1ff4","metadata":null,"subtype":null,"text":"\u003Cp\u003EVolkswagen unveiled Wednesday a small electric car that will cost around 20,000 euros ($21,500) -- a more affordable price-point than its current EV range -- as the German auto titan seeks to turn around its fortunes. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F4d4fd6d9-bd87-4ca1-9a1c-f6f93e97777d\u002Felement\u002F78aebee0-57af-4945-8cf2-c1e2d52d7a37","type":"text","family-id":"1605cad4-84a0-4a4c-b17f-0533ed4aec34","title":"","id":"78aebee0-57af-4945-8cf2-c1e2d52d7a37","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe VW ID. EVERY1, which is set to go on sale from 2027, will have a range of 250 kilometres and a top speed of 130 kilometres per hour, the manufacturer said as the vehicle was presented in Duesseldorf.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F4d4fd6d9-bd87-4ca1-9a1c-f6f93e97777d\u002Felement\u002Fc27fc3db-9f65-4b16-bf53-482472829f35","type":"text","family-id":"ab7dea7f-9d89-4d84-bf7d-d1046dce9452","title":"","id":"c27fc3db-9f65-4b16-bf53-482472829f35","metadata":null,"subtype":null,"text":"\u003Cp\u003EEurope's biggest carmaker has poured huge sums into the shift to electric vehicles in recent years but has struggled amid weakening demand in Europe and fierce competition from local rivals in key market China. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F4d4fd6d9-bd87-4ca1-9a1c-f6f93e97777d\u002Felement\u002Ffae75028-7e27-47a6-8642-659707239733","type":"text","family-id":"52ae8303-9a53-42f5-93fe-8a5353e4998a","title":"","id":"fae75028-7e27-47a6-8642-659707239733","metadata":null,"subtype":null,"text":"\u003Cp\u003EIts planned new model is more affordable than its previous electric cars, which started at around 35,000 euros, and is aimed at helping it gain ground in the mass-market EV segment. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F4d4fd6d9-bd87-4ca1-9a1c-f6f93e97777d\u002Felement\u002Fe2332904-3251-4538-b680-6a9126738ab9","type":"text","family-id":"f5f6d422-4dec-4579-b4b7-60013834a832","title":"","id":"e2332904-3251-4538-b680-6a9126738ab9","metadata":null,"subtype":null,"text":"\u003Cp\u003EOther automakers, including Stellantis, Renault and Citroen are all planning electric cars for around the same price in the near future. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F4d4fd6d9-bd87-4ca1-9a1c-f6f93e97777d\u002Felement\u002Ff340cfdd-08a6-4035-8674-9cfd62fe33b3","type":"text","family-id":"3c508089-8826-467c-b2f7-e587ee976904","title":"","id":"f340cfdd-08a6-4035-8674-9cfd62fe33b3","metadata":null,"subtype":null,"text":"\u003Cp\u003EVW's latest offering is aimed at the European market, and will be produced in Europe, the manufacturer said -- after causing controversy last year when it announced plans to relocate production of its iconic Golf to Mexico to cut costs. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F4d4fd6d9-bd87-4ca1-9a1c-f6f93e97777d\u002Felement\u002Fb1fedd01-a591-4947-bbd5-94a0c40bcf18","type":"text","family-id":"96b2a739-8ef5-4e19-9c23-b4e24558712b","title":"","id":"b1fedd01-a591-4947-bbd5-94a0c40bcf18","metadata":null,"subtype":null,"text":"\u003Cp\u003ELike other European carmakers, Volkswagen is battling a severe crisis that has hammered its profits, and announced in December it would cut about 35,000 jobs in Germany by 2030. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F4d4fd6d9-bd87-4ca1-9a1c-f6f93e97777d\u002Felement\u002F47aa415b-f45c-4550-b237-5fe28f0a3747","type":"text","family-id":"bfc7750e-bb05-458c-8f65-1b824bc62ba6","title":"","id":"47aa415b-f45c-4550-b237-5fe28f0a3747","metadata":null,"subtype":null,"text":"\u003Cp\u003EManufacturers have been under pressure to offer cheaper electric models to boost sales due to a looming tightening of EU emissions reduction targets. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F4d4fd6d9-bd87-4ca1-9a1c-f6f93e97777d\u002Felement\u002F337da48d-a44e-451f-afa6-9de3e0110408","type":"text","family-id":"01555c02-8598-4841-957c-2572464bb2e8","title":"","id":"337da48d-a44e-451f-afa6-9de3e0110408","metadata":null,"subtype":null,"text":"\u003Cp\u003EHowever on Monday the bloc yielded to pressure from the industry, announcing European carmakers would have more time to meet the 2025 goals. \u003C\u002Fp\u003E"}],"card-updated-at":1741201032789,"content-version-id":"466e4b0e-f422-42ae-8d15-e180dee16354","card-added-at":1741198707044,"status":"draft","id":"e0fd73a0-3a0a-4595-b72d-7a595ba67d3d","content-id":"e0fd73a0-3a0a-4595-b72d-7a595ba67d3d","version":3,"metadata":{"social-share":{"shareable":false,"title":"Volkswagen bets on affordable EV for turnaround","message":"Volkswagen bets on affordable EV for turnaround","image":{"key":"gulfnews\u002F2025-02-15\u002Fvavrtdxh\u002Fnewsml_afp_com_20250215T094607Z_doc_36xw9np.jpeg","url":null,"attribution":"AFP","alt-text":null,"caption":"A logo of German car maker Volkswagen (VW) is pictured at a car dealer in Hamm, western Germany on May 25, 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269400-01-02-1692453150130","id":"268a0f3b-2741-4557-b2ae-7f45367cf121","hero-image-s3-key":"gulfnews\u002Fimport\u002F2023\u002F08\u002F19\u002FCopy-of-269400-01-02-1692453150130_18a0e119dc1_large.jpg","contributors":[],"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002F268a0f3b-2741-4557-b2ae-7f45367cf121\u002Felement\u002F9e8b3a6c-952c-40cb-ad2e-3ae08aaecbc8","type":"text","family-id":"1b19f938-1411-446e-8078-5f69ac335a94","title":"","id":"9e8b3a6c-952c-40cb-ad2e-3ae08aaecbc8","metadata":{},"subtype":null,"text":"\u003Cp\u003EDubai: A Qatari investment firm could commit 'at least' $1 billion in the Vietnamese electric vehicle maker VinFast. This comes weeks after VinFast tapped UAE's Emirates Driving Co. and other investors for a similar funding. \u003C\u002Fp\u003E\u003Cp\u003EIn a new deal, the JTA Investment Qatar will explore a 'potential equity investment' the Nasdaq-listed pure-play EV manufacturer, as well as enter a 'strategic partnership' to support VinFast's global expansion and technological development.\u003C\u002Fp\u003E\u003Cp\u003ENot just that, JTA Investment Qatar also sees 'significant value' another Vingroup entity - Vinpearl's portfolio of hotels and resorts, amusement parks and entertainment clusters.\u003C\u002Fp\u003E\u003Cp\u003EFounded in 2010 and with a presence in Qatar and the UK, JTA Investment Qatar offers financing solutions in sectors such as energy, technology, infrastructure and tourism. \u003C\u002Fp\u003E\u003Cp\u003ECurrently, two model variants are available in the UAE bearing the VinFast badge - the VF8 Plus (with a range of 476 kilometers) and the VF8 Eco (493 kilometers). 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Spain.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Feb86a210-e292-4a96-9e5c-5a19addd64b5\u002Felement\u002F3d75a44d-a0a4-425e-b8fe-8bf5c9d20fc4","type":"text","family-id":"e779aae4-a1bf-464e-a598-21543552c249","title":"","id":"3d75a44d-a0a4-425e-b8fe-8bf5c9d20fc4","metadata":{},"subtype":null,"text":"\u003Cp\u003EKia showcased three key models - the Kia EV4, Kia PV5 and Kia Concept EV2 sport utility vehicle (SUV) - representing its latest electric technology and design innovations.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Feb86a210-e292-4a96-9e5c-5a19addd64b5\u002Felement\u002Fb639044a-6bcb-493b-89f2-d256f9cac3ab","type":"text","family-id":"f4c027bf-851b-4008-af49-f84ac1714f7f","title":"","id":"b639044a-6bcb-493b-89f2-d256f9cac3ab","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe EV4 is Kia's first electric sedan, the PV5 is its first purpose-built vehicle (PBV) equipped with Hyundai Motor Group's dedicated PBV platform named 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sustainable mobility solutions provider by enhancing the options and experiences we offer our customers," Kia Chief Executive Officer (CEO) and President Song Ho-sung said.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Feb86a210-e292-4a96-9e5c-5a19addd64b5\u002Felement\u002F3c69fb93-8d13-490e-a33a-1bea80f7fe52","type":"youtube-video","family-id":"a894419a-8401-443f-a2bf-6332d9208534","title":"","id":"3c69fb93-8d13-490e-a33a-1bea80f7fe52","url":"https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=4K9bTNSiMQM","embed-url":"https:\u002F\u002Fwww.youtube.com\u002Fembed\u002F4K9bTNSiMQM","metadata":{},"subtype":null},{"description":"","page-url":"\u002Fstory\u002Feb86a210-e292-4a96-9e5c-5a19addd64b5\u002Felement\u002F2ec3b4f2-1046-4d67-ac3e-bdbda55284e7","type":"text","family-id":"e120b882-df67-426b-a254-abd67c3ef204","title":"","id":"2ec3b4f2-1046-4d67-ac3e-bdbda55284e7","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe EV4 comes with the group's dedicated EV platform, named E-GMP, and an 81.4 kilowatt-hour lithium-ion battery.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Feb86a210-e292-4a96-9e5c-5a19addd64b5\u002Felement\u002Fbe82f81a-a7dd-4644-83d8-472b363e59b6","type":"text","family-id":"d3cf2ea7-da0d-45ce-8557-3a12fdcbce06","title":"","id":"be82f81a-a7dd-4644-83d8-472b363e59b6","metadata":null,"subtype":null,"text":"\u003Cp\u003EIt boasts of the longest driving range at 533 kms per charge among EV models made by Kia and its bigger affiliate Hyundai Motor.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Feb86a210-e292-4a96-9e5c-5a19addd64b5\u002Felement\u002Fae620b20-df56-4e0c-9b47-998e6c41e170","type":"text","family-id":"46044b5f-6bfe-4f55-b625-079d730d8ca7","title":"","id":"ae620b20-df56-4e0c-9b47-998e6c41e170","metadata":null,"subtype":null,"text":"\u003Cp\u003EKia plans to launch the EV4 in global markets after initially introducing its hatchback version in Europe this 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year.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Feb86a210-e292-4a96-9e5c-5a19addd64b5\u002Felement\u002F2a4789c4-8f3f-484f-8f93-184effdcb061","type":"text","family-id":"8334ea3f-a023-4a1f-96d7-7857fa7cd0b4","title":"","id":"2a4789c4-8f3f-484f-8f93-184effdcb061","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe PV5, shown as a concept at the 2024 Consumer Electronics Show (CES) in Las Vegas, is the first dedicated model from Kia's PBV business strategy.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Feb86a210-e292-4a96-9e5c-5a19addd64b5\u002Felement\u002F5ea8478a-aae3-490e-a951-9c70c52eb13a","type":"text","family-id":"2240c31b-2e5a-4470-8eb6-4a77be2ec277","title":"","id":"5ea8478a-aae3-490e-a951-9c70c52eb13a","metadata":null,"subtype":null,"text":"\u003Cp\u003EFour variants of the PV5 illustrated the industry-transforming flexibility of the first PBV model with the PV5 Cargo, PV5 Passenger and PV5 Wheelchair Access Vehicle (WAV) variants, along with PV5 Crew, a flagship conversion model developed by Kia.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Feb86a210-e292-4a96-9e5c-5a19addd64b5\u002Felement\u002F91ff7921-c361-44df-8502-2eb821b32c2c","type":"text","family-id":"2c5f0180-cfa1-44d5-8d10-f0e37486798d","title":"","id":"91ff7921-c361-44df-8502-2eb821b32c2c","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe PV5 serves as a new ground for innovation, laying the foundation for a new form of EV usability with exceptional flexibility through radical modularity, the release said.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Feb86a210-e292-4a96-9e5c-5a19addd64b5\u002Felement\u002F40a385e7-3793-4e5c-8458-175f5da30936","type":"text","family-id":"d7309ee4-5685-414f-b3fa-f334247a1a61","title":"","id":"40a385e7-3793-4e5c-8458-175f5da30936","metadata":null,"subtype":null,"text":"\u003Cp\u003E"As a first mover in the PBV sector, Kia, through the PV5, combines a 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Up","push-notification-title":null,"external-id":"SR8LH9T0AFB400","canonical-url":"https:\u002F\u002Fwww.bloomberg.com\u002Fnews\u002Farticles\u002F2025-02-27\u002Fmercedes-set-to-cut-jobs-in-china-as-local-competition-heats-up","hero-image-hyperlink":null,"autotags":[],"linked-entities":[],"status":"published","hero-image-attribution":null,"bullet-type":"123","hero-image-alt-text":null,"id":"5eb509ae-fd3f-4f79-8806-a08cee2a5899","hero-image-s3-key":"gulfnews\u002F2025-02-27\u002Fb27kfc2e\u002F_1x_1.jpg","contributors":[],"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002F5eb509ae-fd3f-4f79-8806-a08cee2a5899\u002Felement\u002Fa5fd78e4-9a3e-4a4c-95d1-364514e55e27","type":"text","family-id":"2785e2b7-80f4-4e93-9bb0-ebd2a2c57573","title":"","id":"a5fd78e4-9a3e-4a4c-95d1-364514e55e27","metadata":{},"subtype":null,"text":"\u003Cp\u003EMercedes-Benz Group AG and its subsidiaries are planning to cut up to 15% of the automaker’s workforce in China, mainly within its financing and sales units, as the German manufacturer faces intensifying competition in the world’s largest car market, according to two people familiar with the matter.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F5eb509ae-fd3f-4f79-8806-a08cee2a5899\u002Felement\u002F3582403a-dee8-465b-93bd-a05d7eebeed5","type":"text","family-id":"4b414610-5de6-43f7-8ebb-ee36251c995f","title":"","id":"3582403a-dee8-465b-93bd-a05d7eebeed5","metadata":{},"subtype":null,"text":"\u003Cp\u003EMercedes-Benz Automobile Finance Co. and Beijing Mercedes-Benz Sales Service Co. are set to bear the brunt of the job cuts, said the people, who asked not to be identified because they’re not authorized to speak publicly. The units are struggling to compete with Chinese institutions, including state-owned banks, that can offer more attractive car loans to buyers, one of the people said.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F5eb509ae-fd3f-4f79-8806-a08cee2a5899\u002Felement\u002Fddc4c4a7-d996-4898-8d06-ef5a4ee6d4c0","type":"text","family-id":"450d150e-eeaf-4ed8-905d-3c215a6a325d","title":"","id":"ddc4c4a7-d996-4898-8d06-ef5a4ee6d4c0","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe automaker has already begun job cuts, including not renewing contracts for some fixed-term staff, but the layoffs have accelerated this month, according to the people. Mercedes-Benz’s plans are subject to change and the company is yet to make a final decision on the scope of the layoffs, which may fall short of 15% of the workforce, they said.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F5eb509ae-fd3f-4f79-8806-a08cee2a5899\u002Felement\u002F706fb727-511e-43f1-a873-09ff56a94811","type":"text","family-id":"9b25d502-5d14-4f86-aace-78763338d44d","title":"","id":"706fb727-511e-43f1-a873-09ff56a94811","metadata":null,"subtype":null,"text":"\u003Cp\u003EIt’s unclear whether the move will affect the automaker’s local head office or the production units it runs through joint ventures with Chinese firms. Mercedes-Benz Group China said in a statement to Bloomberg News that it’s worked with employees to adjust operations based on the competitive environment and market demands.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F5eb509ae-fd3f-4f79-8806-a08cee2a5899\u002Felement\u002F5d7ead87-6330-4062-8a78-06d1c2c4919f","type":"text","family-id":"9e7e3b49-441e-469a-8f52-17109acf0ebb","title":"","id":"5d7ead87-6330-4062-8a78-06d1c2c4919f","metadata":null,"subtype":null,"text":"\u003Cp\u003EMercedes’ decision shows the struggles facing foreign carmakers in China. Major legacy brands have swiftly lost ground to a wave of agile domestic marques, led by BYD Co., that have won over drivers with their quicker-to-market and tech-laden electric vehicles. An economic downturn has dealt an additional blow, with Chinese consumers growing more cautious about spending their money.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F5eb509ae-fd3f-4f79-8806-a08cee2a5899\u002Felement\u002Fa5239649-f2c9-433d-97aa-59a34611f895","type":"text","family-id":"cc846768-5b31-4a9e-a0fd-fd34d38b4553","title":"","id":"a5239649-f2c9-433d-97aa-59a34611f895","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe German automaker isn’t alone in looking to streamline its presence in China. Last year, local media reported layoffs at Porsche AG’s Chinese unit. Meanwhile, BMW AG’s China unit didn’t renew contracts with some employees last year, affecting between 2% and 5% of its workforce, and has plans for a similar move this year, according to a company spokesperson. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F5eb509ae-fd3f-4f79-8806-a08cee2a5899\u002Felement\u002F6bddab7f-04b6-480a-9f03-abaa6344f7ad","type":"text","family-id":"19cf7cf3-1ee3-4e0c-b894-9ac90d547c52","title":"","id":"6bddab7f-04b6-480a-9f03-abaa6344f7ad","metadata":null,"subtype":null,"text":"\u003Cp\u003EMercedes said last month that sales in China dropped 7% last year, dragging down global deliveries.\u003C\u002Fp\u003E"}],"card-updated-at":1740640541671,"content-version-id":"d444b874-9cb6-46ff-a455-5604a6af524b","card-added-at":1740633484555,"status":"draft","id":"8b33822b-b232-4d5b-ac2a-1de5c917a4e9","content-id":"8b33822b-b232-4d5b-ac2a-1de5c917a4e9","version":4,"metadata":{"social-share":{"shareable":false,"title":"Mercedes set to cut jobs in China as local competition heats up","message":"Mercedes Set to Cut Jobs in China as Local Competition Heats Up","image":{"key":"gulfnews\u002F2025-02-27\u002Fb27kfc2e\u002F_1x_1.jpg","url":null,"attribution":null,"alt-text":null,"caption":"Mercedes-Benz","metadata":{"original-url":"https:\u002F\u002Fassets.bwbx.io\u002Fimages\u002Fusers\u002Fi4YKw4LYfAGo\u002FiczfYR5a6WsA\u002Fv0\u002FpiFq5T3pJF0qzS8rF9LjsWaQ\u002F-1x-1.jpg","width":2000,"height":1334}}},"attributes":{}}}],"url":"https:\u002F\u002Fgulfnews.com\u002Fauto\u002Fnews\u002Fmercedes-set-to-cut-jobs-in-china-as-local-competition-heats-up-1.500047709","story-version-id":"f98e9605-858d-4be1-96dd-e8c7a115cd9b","content-type":"story","content-updated-at":1740640548171,"author-id":2180993,"owner-id":2180995,"linked-story-ids":[],"access":null,"asana-project-id":null,"first-published-at":1740640548079,"hero-image-caption":"Mercedes-Benz","version":4,"story-template":"syndicated","sequence-no":null,"created-at":1740640541661,"authors":[{"slug":"bloomberg-wire","social":{},"name":"Bloomberg Wire","contributor-role":null,"avatar-url":null,"bio":null,"id":2180993,"avatar-s3-key":null,"twitter-handle":null}],"metadata":{"imported-card-is-read-only":null,"story-attributes":{"syndicatedfrom":["Wire - 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Whether it was the imposing silhouette of a flagship sedan or the thunderous growl of a finely tuned V12 supercar, every detail was designed to signal the arrival of its driver. \u003C\u002Fp\u003E\u003Cp\u003EThe deep, resonant exhaust note, the mechanical symphony of a high-performance engine, and the perfectly weighted shift of an expertly engineered gearbox weren’t just part of the driving experience – they defined it. A luxury car wasn’t simply driven, it was felt and was a reflection of status as much as performance.\u003C\u002Fp\u003E"},{"description":"","image-metadata":{"mime-type":"image\u002Fjpeg","width":9504,"file-size":10762921,"file-name":"Spectreunveiled-ThefirstfullyelectricRolls-Royce-1.jpg","height":6336},"page-url":"\u002Fstory\u002F5e09b7e4-41e0-4834-a27e-04c48c77ca89\u002Felement\u002Fbf1a2f6a-a0ac-4e55-9fe0-a108fef28474","type":"image","family-id":"94ea0dca-7f27-4e6a-a0f9-62d0f7112868","image-attribution":"Supplied","title":"Far from diluting the essence of luxury, EVs are redefining it.","id":"bf1a2f6a-a0ac-4e55-9fe0-a108fef28474","alt-text":"","hyperlink":null,"image-s3-key":"gulfnews\u002F2025-02-26\u002Fo8dh2fdt\u002FSpectreunveiled-ThefirstfullyelectricRolls-Royce-1.jpg","metadata":{},"subtype":null},{"description":"","page-url":"\u002Fstory\u002F5e09b7e4-41e0-4834-a27e-04c48c77ca89\u002Felement\u002F009e1ae3-8b2d-40f2-a81d-4fe1aa094e16","type":"text","family-id":"76f815b9-c0fb-4cb8-8790-cea2cbfe3a4a","title":"","id":"009e1ae3-8b2d-40f2-a81d-4fe1aa094e16","metadata":{},"subtype":null,"text":"\u003Cp\u003ENow, as the world moves toward electrification, the very essence of luxury motoring is evolving in ways few could have imagined. Naysayers once claimed that the rise of electric vehicles would signal the end of traditional luxury motoring, stripping it of the visceral thrills and drama that defined the experience. \u003C\u002Fp\u003E\u003Cp\u003EHowever, with the world’s most prestigious automotive marques embracing electrification, that perception has been upended. Far from diluting the essence of luxury, EVs are redefining it – delivering instant torque, near-silent refinement, and cutting-edge technology while maintaining the artistry, exclusivity, and prestige that discerning car buyers expect. \u003C\u002Fp\u003E"},{"description":"","image-metadata":{"width":1200,"height":900,"mime-type":"image\u002Fjpeg","file-size":722614,"file-name":"hamid.jpg"},"page-url":"\u002Fstory\u002F5e09b7e4-41e0-4834-a27e-04c48c77ca89\u002Felement\u002Fb771c63c-4789-4ecf-88ec-02c538564132","type":"image","family-id":"3c58f0fa-c295-4303-ad6b-12ac4cd6b69c","image-attribution":"Supplied","title":"Hamid Haqparwar, CEO of AGMC, says consumer preferences are shifting, with increasing demand for EVs in the luxury category that offer both high performance\nand sustainable mobility.","id":"b771c63c-4789-4ecf-88ec-02c538564132","alt-text":"","hyperlink":null,"image-s3-key":"gulfnews\u002F2025-02-26\u002Fdqhkvb2k\u002Fhamid.jpg","metadata":{},"subtype":null},{"description":"","page-url":"\u002Fstory\u002F5e09b7e4-41e0-4834-a27e-04c48c77ca89\u002Felement\u002F94e77e49-640b-495e-998d-533985d461ad","type":"text","family-id":"fae6af8b-28dd-4ff6-9207-604079273ba8","title":"","id":"94e77e49-640b-495e-998d-533985d461ad","metadata":{},"subtype":null,"text":" \u003Cp\u003EAll this, while allowing them to indulge in high-performance luxury with the added satisfaction of making a more sustainable choice. According to Hamid Haqparwar, CEO of AGMC, the official importer of Rolls-Royce, BMW, and Mini for Dubai, Sharjah, and the Northern Emirates, consumer preferences are shifting, with increasing demand for EVs in the luxury category that offer both high-performance and sustainable mobility. “Traditionally, luxury cars in the UAE have been associated with powerful combustion engines, but that mindset is shifting,” says Haqparwar.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F5e09b7e4-41e0-4834-a27e-04c48c77ca89\u002Felement\u002Fcdfcb437-ce30-479b-8471-df4b381db7f4","type":"text","family-id":"15cc9c43-3214-4de0-ab8e-840a7dd15be0","title":"","id":"cdfcb437-ce30-479b-8471-df4b381db7f4","metadata":{},"subtype":null,"text":"\u003Cp\u003EEVs are no longer a niche alternative to traditional motoring but the driving force behind the industry’s future. By 2035, they are projected to account for over 65 per cent of new car sales, pushing the market’s value to a staggering $2.3 trillion. \u003C\u002Fp\u003E"},{"description":"","image-metadata":{"mime-type":"image\u002Fjpeg","width":4000,"file-size":3438413,"file-name":"Spectre-ThefirstfullyelectricRolls-Royce.jpg","height":2250},"page-url":"\u002Fstory\u002F5e09b7e4-41e0-4834-a27e-04c48c77ca89\u002Felement\u002Fec74d5f9-3586-4e24-9ff0-4409fc7c3906","type":"image","family-id":"b49b46a9-fa5c-446c-83e8-26cb229265c5","image-attribution":"Supplied","title":"Rolls-Royce Spectre. Some high-performance EVs now hit 0-100 kph in under three seconds, a feat once reserved for the world’s most elite fossil fuel-powered supercars.","id":"ec74d5f9-3586-4e24-9ff0-4409fc7c3906","alt-text":"","hyperlink":null,"image-s3-key":"gulfnews\u002F2025-02-26\u002Fwavhw79l\u002FSpectre-ThefirstfullyelectricRolls-Royce.jpg","metadata":{},"subtype":null},{"description":"","page-url":"\u002Fstory\u002F5e09b7e4-41e0-4834-a27e-04c48c77ca89\u002Felement\u002F92a64670-9c61-42fe-815a-58de9eec8807","type":"text","family-id":"13df4db1-e5e5-4e12-8fb1-4a3d4d0f220e","title":"","id":"92a64670-9c61-42fe-815a-58de9eec8807","metadata":{},"subtype":null,"text":" \u003Cp\u003EHowever, the rate and nature of this transition differ across regions. While affordability is the primary driver of EV adoption in many markets, the UAE tells a different story – here, electrification is not just about sustainability; it’s about reimagining luxury. \u003C\u002Fp\u003E\u003Cp\u003EThe premium segment is setting the pace, with flagship electric sedans, high-performance SUVs, and cutting-edge sports cars leading the charge. “While traditional luxury cars remain a status symbol, more buyers are exploring EVs thanks to their sustainability benefits, driving performance, increased range, and cutting-edge technology. \u003C\u002Fp\u003E\u003Cp\u003EInterestingly, many of our customers are drawn to electric vehicles not just for their sustainability but also for their exhilarating driving experience,” Haqparwar adds.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F5e09b7e4-41e0-4834-a27e-04c48c77ca89\u002Felement\u002F6b1c137a-b668-4d91-bdfd-638fdbb8bae5","type":"text","family-id":"cc41ca82-987e-40e3-9bd0-008101d99944","title":"","id":"6b1c137a-b668-4d91-bdfd-638fdbb8bae5","metadata":{},"subtype":null,"text":"\u003Cp\u003EWith instantaneous torque at their disposal, electric motors deliver breathtaking acceleration – often outpacing even the most powerful V8s and V12s. \u003C\u002Fp\u003E\u003Cp\u003ESome high-performance EVs now hit 0-100 kph in under three seconds, a feat once reserved for the world’s most elite fossil fuel-powered supercars. But speed isn’t the only advantage. Without the vibrations of a traditional engine, the ride is smoother, while the low-slung battery placement improves handling and stability. \u003C\u002Fp\u003E\u003Cp\u003EThe result? A driving experience that feels both exhilarating and effortless – exactly what modern luxury should be.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F5e09b7e4-41e0-4834-a27e-04c48c77ca89\u002Felement\u002Fdc4ed32d-8746-4314-b3f8-3e8acbe67d09","type":"text","family-id":"da09768f-3ec6-495d-b1b9-1cc34d0d2a8c","title":"","id":"dc4ed32d-8746-4314-b3f8-3e8acbe67d09","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe UAE has seen a steady rise in demand for luxury electric vehicles as global and regional trends align with local ambitions for sustainability, paired with a desire for exclusivity and high-end craftsmanship. \u003C\u002Fp\u003E\u003Cp\u003E“The Middle East’s EV market, though in its infancy, is set to grow substantially, valued at an estimated $54 billion by 2035 and potentially representing nearly two-thirds of new car sales. \u003C\u002Fp\u003E\u003Cp\u003EThe UAE itself is making significant strides in EV adoption, with penetration levels now at 3 per cent of new car sales, ahead of many other countries in the region. However, there is still substantial room for growth,” says Haqparwar.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F5e09b7e4-41e0-4834-a27e-04c48c77ca89\u002Felement\u002Fbe363c17-44a5-435d-a8c3-3eb1c8a869bb","type":"text","family-id":"4955ec7e-34d4-4dda-9c2f-42b5c2d74a79","title":"","id":"be363c17-44a5-435d-a8c3-3eb1c8a869bb","metadata":{},"subtype":null,"text":" \u003Ch2\u003ELuxury EVs: Where prestige meets sustainability\u003C\u002Fh2\u003E"},{"description":"","page-url":"\u002Fstory\u002F5e09b7e4-41e0-4834-a27e-04c48c77ca89\u002Felement\u002F3e31ee7e-c734-4581-b21d-62fdf1d3538e","type":"text","family-id":"412860fe-9ebd-4b59-b580-b05259a21e3c","title":"","id":"3e31ee7e-c734-4581-b21d-62fdf1d3538e","metadata":{},"subtype":null,"text":"\u003Cul\u003E\u003Cli\u003E\u003Cp\u003ELightning-fast acceleration: The days of slow electric cars are long gone. Some high-end EVs like the Tesla Model S Plaid and the Rimac Nevera can go from 0-100 kph in under two seconds – faster than most supercars.\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EA ride like no other: Without the roar of an engine, luxury EVs offer an almost silent, ultra-smooth drive – perfect for those who appreciate refinement.\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ETech at your fingertips: From AI-powered driver assistance to massive digital displays, luxury EVs aren’t just about speed; they’re smarter than ever.\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EBespoke luxury: With handcrafted interiors, bespoke finishes, and even sustainable materials, brands like Rolls-Royce and Bentley are proving that opulence and eco-consciousness can go hand in hand.\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ELonger ranges, faster charging: With premium EVs now covering over 600 km on a single charge and ultra-fast chargers minimising downtime, the future of luxury driving is effortless.\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E"}],"card-updated-at":1740589544831,"content-version-id":"097671bb-3cdf-4be6-bd99-8f090d83a9f7","card-added-at":1740499681698,"status":"draft","id":"46cee1c6-42bf-4d66-a10a-1bd08a5d7fdc","content-id":"46cee1c6-42bf-4d66-a10a-1bd08a5d7fdc","version":19,"metadata":{"social-share":{"shareable":false,"title":"Luxury EVs power the UAE’s green shift","message":"Luxury EVs power the UAE’s green shift","image":{"key":"gulfnews\u002F2025-02-26\u002Fo8dh2fdt\u002FSpectreunveiled-ThefirstfullyelectricRolls-Royce-1.jpg","url":null,"attribution":"Supplied","caption":null,"alt-text":"","metadata":{"mime-type":"image\u002Fjpeg","width":9504,"file-size":10762921,"file-name":"Spectreunveiled-ThefirstfullyelectricRolls-Royce-1.jpg","height":6336}}},"attributes":{}}}],"url":"https:\u002F\u002Fgulfnews.com\u002Fauto\u002Fluxury-evs-power-the-uae-s-green-shift-1.500046276","story-version-id":"75b5cb1b-6f3b-472e-8436-723fd1822502","content-type":"story","content-updated-at":1740625319578,"author-id":2171882,"owner-id":2180995,"linked-story-ids":[],"access":null,"asana-project-id":null,"first-published-at":1740625320000,"hero-image-caption":"Rolls-Royce Spectre. As the world moves toward electrification, the very essence of luxury motoring\nis evolving in ways few could\nhave imagined.","version":19,"story-template":"syndicated","sequence-no":null,"created-at":1740589544820,"authors":[{"slug":"sony-thomas-special-to-gulf-news","social":{},"name":"Sony Thomas | Special to Gulf News","contributor-role":null,"avatar-url":null,"bio":null,"id":2171882,"avatar-s3-key":null,"twitter-handle":null}],"metadata":{"imported-card-is-read-only":null,"story-attributes":{"syndicatedfrom":["Wire - Print"],"syndicated-categories":["Retail"]},"imported-card-id":"46cee1c6-42bf-4d66-a10a-1bd08a5d7fdc","card-share":{"shareable":false}},"publish-at":1740625320000,"assignee-name":"Syndication"}},{"id":"ad00a75f-96f9-4431-b176-f9c9a838031e","score":null,"type":"story","item":{"headline":["Tesla feels the wrath of anti-Elon Musk 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","bullet-type":"123","hero-image-alt-text":null,"id":"ad00a75f-96f9-4431-b176-f9c9a838031e","hero-image-s3-key":"gulfnews\u002F2025-02-22\u002F4y16y3c2\u002Fnewsml_afp_com_20250222T000000Z_PH_GTY_2200641075.jpeg","contributors":[],"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F6db08297-a1b8-4980-bb4a-a5368a864df0","type":"text","family-id":"726ecb74-44ee-43f1-b0b9-976ee36ea70c","title":"","id":"6db08297-a1b8-4980-bb4a-a5368a864df0","metadata":{},"subtype":null,"text":"\u003Cp\u003ETae Helton, a car aficionado who lives minutes from Tesla Inc.’s flagship California factory, bought one Tesla for the family fleet and nearly purchased a second one last year.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002Fcf53591b-f15a-4210-ab9d-402a7a8695a7","type":"text","family-id":"62d57615-3fb0-4357-b07a-07cc873059a0","title":"","id":"cf53591b-f15a-4210-ab9d-402a7a8695a7","metadata":{},"subtype":null,"text":"\u003Cp\u003EAfter Elon Musk made gestures resembling a Nazi salute at an inauguration event for President Donald Trump last month, he wants nothing to do with the brand.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F97a0a4dd-2241-43a4-ac25-fceac9b3cb9d","type":"text","family-id":"4a25ec7c-1d1b-467d-b7df-12fffdb72dde","title":"","id":"97a0a4dd-2241-43a4-ac25-fceac9b3cb9d","metadata":{},"subtype":null,"text":"\u003Cp\u003E“The pride and the good feeling I had driving in it is gone for me,” Helton said of the Model 3 he’s driven only around 2,500 miles. The politically moderate 49-year-old plans to pay off his car loan early and trade in the sedan before year-end.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F283fad93-a404-4ebd-afca-4f58b62d0ed2","type":"text","family-id":"b7ed3e6a-5f7a-49a9-8818-f3e491f43db7","title":"","id":"283fad93-a404-4ebd-afca-4f58b62d0ed2","metadata":null,"subtype":null,"text":"\u003Cp\u003EHelton has company among Tesla customers and consumers. The EV maker’s sales fell 45% across Europe in January, following its first annual decline in global deliveries in over a decade. The company is showing particular signs of strain in places where its chief executive officer is inserting himself in politics in ways that run counter to Tesla’s stated mission and values.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F977d064a-504b-4737-8ecb-81852aa67231","type":"text","family-id":"2fb22f05-d6fe-45da-95ca-d3c79c0c9840","title":"","id":"977d064a-504b-4737-8ecb-81852aa67231","metadata":null,"subtype":null,"text":"\u003Cp\u003EIn California, Tesla sales fell 12% last year as Musk attacked leaders of a state that played a pivotal role in the carmaker surviving its tumultuous early years and becoming one of the world’s most valuable companies.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F8dfb1945-b038-4ee6-829e-b295eb9490da","type":"text","family-id":"bfe9be36-9e28-4ae8-8be6-72a0cac0f3bc","title":"","id":"8dfb1945-b038-4ee6-829e-b295eb9490da","metadata":null,"subtype":null,"text":"\u003Cp\u003EIn Germany — where registrations plummeted 41% last year and 59% in January — the billionaire emphatically supports a far-right party that denies the harm of carbon dioxide emissions. And in the UK — now Europe’s biggest electric-vehicle market — Musk has aligned with politicians who want net zero targets scrapped and have cast policies aimed at boosting EV adoption as a “war on drivers.”\u003C\u002Fp\u003E"},{"description":"","image-metadata":{"width":1240,"original-url":"https:\u002F\u002Fassets.bwbx.io\u002Fimages\u002Fusers\u002Fi4YKw4LYfAGo\u002FilOPlIAnWKFA\u002Fv3\u002FpiFq5T3pJF0qzS8rF9LjsWaQ\u002F-1x-1.png","height":794},"page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002Fe2629273-ea7e-4ed9-8dba-14f2df2f9513","type":"image","family-id":"f198548b-65e5-42d7-a0f5-33f43b0aea84","image-attribution":"","title":"Tesla’s Stranglehold on US EV Sales Loosens | Carmaker likely lost its majority share of market last year","id":"e2629273-ea7e-4ed9-8dba-14f2df2f9513","alt-text":"","hyperlink":null,"image-s3-key":"gulfnews\u002F2025-02-26\u002Fbaowxslp\u002F_1x_1.png","metadata":{},"subtype":null},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F84aa506a-368a-43f0-82e8-2c8d7caa33d1","type":"text","family-id":"32f3d590-1aa2-48b2-b2c2-cc245217bbfe","title":"","id":"84aa506a-368a-43f0-82e8-2c8d7caa33d1","metadata":null,"subtype":null,"text":"\u003Cp\u003E“Tesla’s biggest challenge in 2025 isn’t technology — it’s perception,” says Jacob Falkencrone, global head of investment strategy at Saxo, the Danish bank with more than €105 billion in client assets. “Elon Musk’s political baggage is now weighing on sales, brand loyalty and investor confidence.”\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F50fbfd7a-89d0-4417-bed9-f6627a423797","type":"text","family-id":"4092dff7-7b04-47d1-9c59-ba89b667fc4a","title":"","id":"50fbfd7a-89d0-4417-bed9-f6627a423797","metadata":null,"subtype":null,"text":"\u003Cp\u003EMusk’s polarizing behavior is nothing new, nor are indications that many of his customers have soured on him. In 2023, Bloomberg News surveyed more than 5,000 Tesla owners, and sentiment on the CEO took the biggest plunge among all the topics consumers had been asked about four years earlier.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002Ff87788d0-ea0a-4f70-a691-04367346ab19","type":"text","family-id":"9aae69e8-d12f-4d8e-98ac-61ff1e7f7cf0","title":"","id":"f87788d0-ea0a-4f70-a691-04367346ab19","metadata":null,"subtype":null,"text":"\u003Cp\u003EBut the backlash against Musk has gone to another level early this year.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F38f47f1a-dfc0-4fef-8aad-ad5b068e4b1a","type":"text","family-id":"64829958-3210-4283-9f9e-8df9f3367079","title":"","id":"38f47f1a-dfc0-4fef-8aad-ad5b068e4b1a","metadata":null,"subtype":null,"text":"\u003Cp\u003EAt Tesla’s factory outside Berlin, activists projected footage of Musk’s gesture onto the façade of the building in a stunt viewed millions of times on X, his platform formerly known as Twitter. Tesla showrooms have been vandalized in the Netherlands, Colorado, Oregon and Washington. Weekend protests have been staged at dozens of the company’s stores across the US.\u003C\u002Fp\u003E"},{"description":"","image-metadata":{"width":4800,"height":3200},"page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F039882a9-21e6-4ea0-9731-df89fc071a90","type":"image","family-id":"2bc3ade2-8c47-4978-b027-d27dc480689e","image-attribution":"AFP","title":"Demonstrators gather for a protest against Elon Musk and electric car maker Tesla on February 22, 2025 in Seattle, Washington.","id":"039882a9-21e6-4ea0-9731-df89fc071a90","alt-text":"","hyperlink":null,"image-s3-key":"gulfnews\u002F2025-02-22\u002Fl7oy2rvq\u002Fnewsml_afp_com_20250222T000000Z_PH_GTY_2200636446.jpeg","metadata":{},"subtype":null},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002Fe71a1737-0b65-4fc0-8a7e-8c3538460aa2","type":"text","family-id":"7bff8267-32a0-44ec-b054-eaf988f8aa02","title":"","id":"e71a1737-0b65-4fc0-8a7e-8c3538460aa2","metadata":null,"subtype":null,"text":"\u003Cp\u003E“I don’t know if there’s ever been a greater destruction of brand equity in this short amount of time,” said Tom Price, a resident of Berkeley, California, who showed up to a demonstration in the city with a Don’t Drive DOGE sign. “Tesla has become a four-wheel billboard for the immolation of our democracy.”\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F16199f9c-aa52-4b0a-b884-a9f8573ff8b2","type":"text","family-id":"31bb524a-b593-4e11-92de-35fd1d0b6687","title":"","id":"16199f9c-aa52-4b0a-b884-a9f8573ff8b2","metadata":null,"subtype":null,"text":"\u003Cp\u003EMusk is polling poorly among Brits, Germans and Swedes, with a survey in the latter country also finding increasingly negative attitudes toward Tesla. Model Y registrations in Sweden fell 48% last month, while Model 3 sales dropped 31%.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002Fae2b717c-82b1-404d-9ff0-536604f1ef38","type":"text","family-id":"f188576a-1c72-4e60-98ca-95780c630ece","title":"","id":"ae2b717c-82b1-404d-9ff0-536604f1ef38","metadata":null,"subtype":null,"text":"\u003Cp\u003EPew Research found a majority of Americans view Musk unfavorably, while Quinnipiac University says a preponderance of voters think he has too much power to make decisions affecting the US. A Republican strategist advocating for bipartisan EV adoption in the country found Musk is now more popular with people who drive gas cars than he is with those driving electric.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F1d760418-d891-43ba-a96b-e9fb84b1dc07","type":"text","family-id":"d9bbe550-1fed-4eaf-aeb8-141a715d23aa","title":"","id":"1d760418-d891-43ba-a96b-e9fb84b1dc07","metadata":null,"subtype":null,"text":"\u003Cp\u003E“I used to be adored by the left,” Musk said during a joint interview with Trump by Fox News’ Sean Hannity that aired last week. “Less so these days.”\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F09a0205f-192c-4072-a71f-f0f8b6d9c5fc","type":"text","family-id":"36dbe977-8e36-431d-be8d-8f428ba10b3b","title":"","id":"09a0205f-192c-4072-a71f-f0f8b6d9c5fc","metadata":null,"subtype":null,"text":"\u003Cp\u003ETesla management told investors last month to expect its vehicle business to return to growth this year, though they avoided offering specific figures. Three months earlier, Musk said he saw potential for a 20% to 30% sales jump.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F421ec5da-d723-43e4-859c-08c5d5f6cc02","type":"text","family-id":"829077f6-e415-4bbf-adae-59fc6b69df30","title":"","id":"421ec5da-d723-43e4-859c-08c5d5f6cc02","metadata":null,"subtype":null,"text":"\u003Cp\u003EThere are reasons to be optimistic Tesla can sell more cars this year, despite the slow start. Some of its early-year sales weakness is tied to changing over production lines for its most popular vehicle, the Model Y, which has been redesigned. Updating all four of the factories assembling the sport utility vehicle will result in several weeks of lost output this quarter, Chief Financial Officer Vaibhav Taneja said last month.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F505684e0-b582-4bcd-9b17-85c10e61df36","type":"text","family-id":"10dd22ef-8955-49c8-9c62-e2d4d2d8cea4","title":"","id":"505684e0-b582-4bcd-9b17-85c10e61df36","metadata":null,"subtype":null,"text":"\u003Cp\u003ETesla also has told investors that more affordable models are on track to go into production starting in the first half of this year, though they’ve offered little detail about the vehicles. While the carmaker’s shares have fallen 37% from a record high reached in mid-December, they’re still up 20% since the Nov. 5 election. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F07e5882f-2704-471d-8cfa-264228c59cff","type":"text","family-id":"75c347a3-0a3e-4207-b1cc-ba4b766d6e25","title":"","id":"07e5882f-2704-471d-8cfa-264228c59cff","metadata":null,"subtype":null,"text":"\u003Cp\u003ESome consumers won’t be giving Tesla’s new models a look. Eric Thurber, a San Francisco Bay area resident who bought a Model 3 in 2021, expected to keep his car for at least five or six years. After Inauguration Day, he decided to sell at a steep loss.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F823827f1-5d89-42b7-9019-7d393ae06a1c","type":"text","family-id":"c514b2a5-9169-4e3a-abdc-fa7e841215f3","title":"","id":"823827f1-5d89-42b7-9019-7d393ae06a1c","metadata":null,"subtype":null,"text":"\u003Cp\u003E“I couldn’t handle what Elon Musk was doing anymore,” the 58-year-old said. Thurber had checked on the resale value of his car months earlier and was getting periodic updates indicating that it was depreciating precipitously. While he still owed about $27,000 on the Model 3, he wanted out when Carvana estimated it was worth roughly $22,000. He traded the car in for a BMW i4 electric sedan.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002Fb17710a8-68f4-4f09-8540-3bd9ff64adcd","type":"text","family-id":"29000eed-c923-4bd6-aa32-9682ab443718","title":"","id":"b17710a8-68f4-4f09-8540-3bd9ff64adcd","metadata":null,"subtype":null,"text":"\u003Cp\u003EMicah Barber, a college professor in Austin, where Musk moved Tesla’s headquarters to in late 2021, currently drives a gas-burning Chevrolet Equinox SUV and plans to make the family’s next vehicle an EV. While he’s admired how much innovation Tesla brought to the auto industry, he’s ruled out buying one of the company’s cars because of Musk.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002Fafe41649-fc58-4182-98ba-ff695060ea64","type":"text","family-id":"f8d66ff1-7c2d-4a12-8487-34f2766265be","title":"","id":"afe41649-fc58-4182-98ba-ff695060ea64","metadata":null,"subtype":null,"text":"\u003Cp\u003E“He’s become one of the most dangerous people in our country,” Barber, 43, said of Musk at a protest staged this month at Tesla’s showroom in the Texas capital.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F7a41baed-8b7b-4d28-b50d-1e9a5be4a4f3","type":"text","family-id":"8ce17062-f062-4b24-89bf-d80fb66df864","title":"","id":"7a41baed-8b7b-4d28-b50d-1e9a5be4a4f3","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe brands accumulating market share at Tesla’s expense have varied by market. In California, Honda and Hyundai gained the most share of the state’s EV market last year. In Germany, Volkswagen AG’s VW, Seat and Skoda, and BMW AG’s namesake brand registered the biggest increases in January sales.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F341f45fc-2da5-480b-981d-6b4101b2d3f9","type":"text","family-id":"e760930c-ad83-471c-8877-6efbfc0839a8","title":"","id":"341f45fc-2da5-480b-981d-6b4101b2d3f9","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe majority of Lucid Group Inc. customers historically have owned Teslas, and the maker of the $69,900 Air sedan has seen increasing interest in the last several quarters, the company said in an emailed statement. The CEO of Polestar, the EV maker spun off from Volvo Car AB, told Bloomberg News last month that he’d directed salespeople to target disgruntled Tesla owners.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002F257793fb-4088-4d0d-bd1d-00781616883e","type":"text","family-id":"a18274f0-0ecc-485b-ac31-9cb12320e9c5","title":"","id":"257793fb-4088-4d0d-bd1d-00781616883e","metadata":null,"subtype":null,"text":"\u003Cp\u003E“Three or four years ago, you could say that it was kind of a one-horse race,” BJ Birtwell, the CEO of Electrify Expo, which hosts EV festivals for consumers across the US, said of the market dynamics. “Now, it’s so hyper-competitive that most auto manufacturers have really strong offerings that are creating the type of competition for Tesla that they’ve never seen.”\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002Ff2f5c231-fa0f-489c-8591-b4706d3689b2","type":"text","family-id":"2534c207-0086-4858-bed9-45acd1d7cafd","title":"","id":"f2f5c231-fa0f-489c-8591-b4706d3689b2","metadata":null,"subtype":null,"text":"\u003Cp\u003EHelton, the Model 3 owner who was keen to buy cars built near his home in the Bay area — including by friends working at Tesla’s factory — made tentative plans to purchase another one of company’s vehicles from the first test drive his family took last year. While he’d observed some “red flags” about Musk when he ordered the sedan in May, he wasn’t inclined to hold it against the whole company.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002Ff8b32326-0e94-4136-b6c9-86ae1e9a52b6","type":"text","family-id":"fa84dfa9-9f31-4425-ab81-55bf29285cb4","title":"","id":"f8b32326-0e94-4136-b6c9-86ae1e9a52b6","metadata":null,"subtype":null,"text":"\u003Cp\u003EAfter Musk ratcheted up his political activities, the human resources professional grew reluctant to double-up on the Tesla brand. His family decided to lease a Hyundai Ioniq 5 instead.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad00a75f-96f9-4431-b176-f9c9a838031e\u002Felement\u002Fbb6e4654-349b-447e-9abd-2263eae1266d","type":"text","family-id":"9e45979a-12a0-4796-acb9-e56406b445fc","title":"","id":"bb6e4654-349b-447e-9abd-2263eae1266d","metadata":null,"subtype":null,"text":"\u003Cp\u003E“I always felt like if my vote didn’t impact what I was wanting, the other way I can vote is through the vote of my wallet, whether it’s Tesla or anything else,” Helton said. “I’ve been voting with my wallet lately.”\u003C\u002Fp\u003E"}],"card-updated-at":1740548419418,"content-version-id":"2b415e33-b0cb-4868-a9fa-a581a2756a07","card-added-at":1740547564530,"status":"draft","id":"59a8b94f-b5d2-4322-8939-39e2e1424676","content-id":"59a8b94f-b5d2-4322-8939-39e2e1424676","version":8,"metadata":{"social-share":{"shareable":false,"title":"Tesla feels the wrath of anti-Elon Musk backlash","message":"Tesla 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Tesla’s sales slumped almost 8% in an EV market that grew 42 per cent last month.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fdd9a370b-c78f-46b3-8cd3-2fad3d870009\u002Felement\u002F44668e05-eadd-4acf-b4e8-3174bab6cf85","type":"text","family-id":"ff0b1786-644b-4f05-a48c-b736eb416900","title":"","id":"44668e05-eadd-4acf-b4e8-3174bab6cf85","metadata":{},"subtype":null,"text":"\u003Cp\u003EYouGov conducted polls in Germany and the UK in mid-January that found Musk was viewed unfavorably and that his meddling in the countries’ politics was unwelcome.\u003C\u002Fp\u003E\u003Cp\u003EThe Tesla CEO hosted a live discussion with Alternative for Germany party leader Alice Weidel on his social media site X on Jan. 9 in an attempt to boost the anti-immigration, pro-Russian party that finished second in this week’s 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Degradation, which reduces energy capacity, can occur due to extreme cold weather and inconsistent charging. \u003C\u002Fp\u003E"}],"card-updated-at":1740128218844,"content-version-id":"24bf7532-ac8f-4979-9dc9-c18de5cbac2f","card-added-at":1740126267727,"status":"draft","id":"6733aaf6-fc5b-4d69-899b-bec68f3e14a1","content-id":"6733aaf6-fc5b-4d69-899b-bec68f3e14a1","version":6,"metadata":{"social-share":{"shareable":false,"title":"Italian watchdog opens probe into Tesla, other EV makers","message":"Italian watchdog opens probe into Tesla, other EV makers","image":{"key":"gulfnews\u002Fimport\u002F2021\u002F05\u002F09\u002Fauto-tesla_17950ae45fa_large.jpg","url":null,"attribution":"Bloomberg","alt-text":"auto tesla","caption":"A Tesla Model Y on display at the Shanghai auto show. (File photo)","metadata":{"width":750,"height":563}}},"attributes":{}}}],"url":"https:\u002F\u002Fgulfnews.com\u002Fauto\u002Fnews\u002Fitalian-watchdog-opens-probe-into-tesla-other-ev-makers-1.500042802","story-version-id":"89536db8-41e5-400e-b7c7-6e420c4c9bf8","content-type":"story","content-updated-at":1740140547440,"author-id":2118725,"owner-id":2180995,"linked-story-ids":[],"access":null,"asana-project-id":null,"first-published-at":1740128227492,"hero-image-caption":"A Tesla Model Y on display at the Shanghai auto show. (File photo)","version":7,"story-template":"syndicated","sequence-no":null,"created-at":1740128218838,"authors":[{"slug":"afp","social":{},"name":"AFP","contributor-role":null,"avatar-url":null,"bio":null,"id":2118725,"avatar-s3-key":null,"twitter-handle":null}],"metadata":{"imported-card-is-read-only":false,"story-attributes":{"syndicatedfrom":["Wire - AFP"],"syndicated-categories":null},"imported-card-id":"6733aaf6-fc5b-4d69-899b-bec68f3e14a1","card-share":{"shareable":false}},"publish-at":null,"assignee-name":"Syndication"}},{"id":"9331df01-edea-4865-a45a-14e90e889f85","score":null,"type":"story","item":{"headline":["More UAE car buyers are checking out cheaper '0-mileage' imports"]},"story":{"updated-at":1740398958065,"seo":{"claim-reviews":{"story":null}},"assignee-id":2119881,"author-name":"Manoj Nair, Business Editor","tags":[],"headline":"More UAE car buyers are checking out cheaper '0-mileage' imports","storyline-id":null,"votes":{},"story-content-id":"9331df01-edea-4865-a45a-14e90e889f85","slug":"business\u002Fretail\u002Fmore-uae-car-buyers-are-checking-out-cheaper-0-mileage-imports-heres-why-1.500042616","last-published-at":1740109067511,"public-identifier":"1.500042616","subheadline":"A 'flood' of preowned vehicle imports from Europe, China are finding ready buyers","alternative":{"home":{"default":{"headline":"Price matters as UAE car buyers eye 0-mileage imports","hero-image":null}}},"sections":[{"domain-slug":null,"slug":"retail","name":"Retail","section-url":"https:\u002F\u002Fgulfnews.com\u002Fbusiness\u002Fretail","id":85277,"parent-id":85215,"display-name":"Retail","collection":{"slug":"retail-business","name":"Business Component (Retail)","id":194701},"data":null},{"domain-slug":null,"slug":"news","name":"auto-news","section-url":"https:\u002F\u002Fgulfnews.com\u002Fauto\u002Fnews","id":85371,"parent-id":85286,"display-name":"News","collection":{"slug":"news-auto","name":"auto-news (auto)","id":194795},"data":null}],"read-time":2,"access-level-value":null,"content-created-at":1740108348259,"is-embargoed":false,"owner-name":"Manoj Nair","custom-slug":null,"push-notification":null,"publisher-id":6314,"hero-image-metadata":{"width":750,"height":563},"comments":null,"word-count":541,"story-features":{"push-notification":{"is-scheduled":false,"publish-at":null,"linked-with-story-fields-status":{"title":null,"message":null}}},"entities":{},"published-at":1740109067511,"embargoed-till":null,"breaking-news-linked-story-id":null,"storyline-title":null,"last-correction-published-at":1740398982837,"summary":null,"push-notification-title":null,"external-id":null,"canonical-url":null,"hero-image-hyperlink":null,"autotags":[],"linked-entities":[],"status":"published","hero-image-attribution":"Shutterstock","bullet-type":"123","hero-image-alt-text":"auto car buying","id":"9331df01-edea-4865-a45a-14e90e889f85","hero-image-s3-key":"gulfnews\u002Fimport\u002F2022\u002F06\u002F24\u002Fauto-car-buying_181953f74a8_large.jpg","contributors":[],"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002F9331df01-edea-4865-a45a-14e90e889f85\u002Felement\u002Fe33a28f7-389e-4575-a00a-3095127fe043","type":"text","family-id":"573bd297-869f-4e85-9b80-ae3cb78c383a","title":"","id":"e33a28f7-389e-4575-a00a-3095127fe043","metadata":{},"subtype":null,"text":"\u003Cp\u003EDubai: Planning to buy a car but finding your choice of model to be too costly? Then, check out ‘zero mileage’ imports from Europe or China to find one that meets your budget.\u003C\u002Fp\u003E\u003Cp\u003EThat seems to be exactly what a lot more UAE car buyers seem to be doing, according to auto industry sources. “These imports may be by definition ‘secondhand’ vehicles, but they usually have done zero mileage,” said Sebastian Fuchs, Managing Director at AutoData Middle East.\u003C\u002Fp\u003E\u003Cp\u003E“Even after factoring in the import duty these vehicles attract, there is still a 10%-15% price difference between what a vehicle shipped in from Europe would cost and what the same would cost here if bought brand new.”\u003C\u002Fp\u003E\u003Cp\u003EAnd when it comes to imports of Chinese built models, that price gap widens to even 20%.\u003C\u002Fp\u003E\u003Cp\u003EA sizable number of UAE consumers – who have already bought such an imported vehicle or plan to do so soon – say pricing is an obvious attraction in making their decision. “We understand that many of these imports do not have the GCC specs, but with a few tweaks I should have no problem,” said Martin S., who has been scouting for a particular Volkswagen model for some time. “There is a straight saving when I choose a zero mileage import.”\u003C\u002Fp\u003E\u003Cp\u003EUAE secondhand dealers are ramping up their intake of such vehicles to meet the demand. “There is a flood of such imports coming into the UAE, mostly from Europe but these days from China too,” said Fuchs.\u003C\u002Fp\u003E\u003Ch3\u003EIt’s all in the pricing\u003C\u002Fh3\u003E\u003Cp\u003ENew car dealerships in the UAE have been ultra-focused on how they are pricing their models. The competition from the wave of new Chinese brands plus the increasing presence of cheaper European and Chinese imports are making them walk a thin line on pricing.\u003C\u002Fp\u003E\u003Cp\u003E“Even then, there are significant price gaps, whether that’s on an entry level compact sedan sold through an official dealer or an import,” said Fuchs. “Some of the leading Japanese makes had raised their 2025 model year prices, while Chinese ones have either maintained 2024 levels or even lowered them slightly.”\u003C\u002Fp\u003E\u003Ch3\u003EA lot of imports are EVs\u003C\u002Fh3\u003E\u003Cp\u003ENew car dealers have been consistently issued messaging telling vehicle buyers to be careful about imports, because they are not built to GCC specs. It is a valid point, but for many buyers their decisions are dictated by the pricing and any warranty cover secondhand dealers can offer.\u003C\u002Fp\u003E\u003Cp\u003EMarket sources that EVs make up a good share of the zero mileage imports these days. “Rather than fuel vehicles, it will be on EVs that the competition will be stiffest,” said an importer specializing in shipping SUVs into the country. “We plan to increase our options on EVs too, because there is ready interest in the market.”\u003C\u002Fp\u003E\u003Cp\u003EThis year will mark another round of growth for EV sales in the UAE, which is why more secondhand dealers will be quick to change their strategies to pull in more imports of these. \u003C\u002Fp\u003E\u003Cp\u003E\"At any point nowadays, there would be unsold stock of EVs with a seller based in Europe,\" said a dealer. \"We can buy them for the right price and given the trends in the UAE, we are reasonably confident of finding buyers within the shortest possible time.\" \u003C\u002Fp\u003E\u003Cp\u003EOf course, these are all 'zero mileage' models... \u003C\u002Fp\u003E"}],"card-updated-at":1740109064284,"content-version-id":"b240ad4f-9496-41b2-b0cf-fbc73178e172","card-added-at":1740108348262,"status":"draft","id":"56a8a13b-fd73-463d-98bc-8ce3a0550308","content-id":"56a8a13b-fd73-463d-98bc-8ce3a0550308","version":3,"metadata":{"social-share":{"shareable":false,"title":"More UAE car buyers are checking out cheaper '0-mileage' imports","message":null,"image":{"key":"gulfnews\u002Fimport\u002F2022\u002F06\u002F24\u002Fauto-car-buying_181953f74a8_large.jpg","url":null,"attribution":"Shutterstock","alt-text":"auto car buying","caption":"The savings from buying an imported 'zero mileage' vehicle could be significant. But can these non-GCC spec models last the distance? ","metadata":{"width":750,"height":563}}},"attributes":{}}}],"url":"https:\u002F\u002Fgulfnews.com\u002Fbusiness\u002Fretail\u002Fmore-uae-car-buyers-are-checking-out-cheaper-0-mileage-imports-heres-why-1.500042616","story-version-id":"8c663876-e3f5-484b-8ff6-f183701c68e7","content-type":"story","content-updated-at":1740398982841,"author-id":2168099,"owner-id":2119881,"linked-story-ids":[],"access":null,"asana-project-id":null,"first-published-at":1740109067511,"hero-image-caption":"The savings from buying an imported 'zero mileage' vehicle could be significant. But can these non-GCC spec models last the distance? ","version":5,"story-template":"text","sequence-no":null,"created-at":1740398955498,"authors":[{"slug":"manoj-nair-business-editor","social":{},"name":"Manoj Nair, Business Editor","contributor-role":null,"avatar-url":null,"bio":null,"id":2168099,"avatar-s3-key":null,"twitter-handle":null}],"metadata":{"card-share":{"shareable":false}},"publish-at":null,"assignee-name":"Manoj Nair"}},{"id":"449362c3-e95c-44f8-ba8c-2200d77edce8","score":null,"type":"story","item":{"headline":["Tesla likely to enter India with fully-built, pricier Model Y, scouting for showrooms"]},"story":{"updated-at":1739965288732,"seo":{"claim-reviews":{"story":null}},"assignee-id":2165325,"author-name":"IANS","tags":[],"headline":"Tesla likely to enter India with fully-built, pricier Model Y, scouting for showrooms","storyline-id":null,"votes":{},"story-content-id":"449362c3-e95c-44f8-ba8c-2200d77edce8","slug":"auto\u002Fnews\u002Ftesla-likely-to-enter-india-with-fully-built-pricier-model-y-scouting-for-showrooms-1.500040824","last-published-at":1739965291347,"public-identifier":"1.500040824","subheadline":"The Tesla Model Y would cost Rs 60-70 lakh, considering the revised import duty structure","alternative":{"home":{"default":{"headline":"Tesla likely to enter India with Model Y priced Rs7m ","hero-image":null}}},"sections":[{"domain-slug":null,"slug":"news","name":"auto-news","section-url":"https:\u002F\u002Fgulfnews.com\u002Fauto\u002Fnews","id":85371,"parent-id":85286,"display-name":"News","collection":{"slug":"news-auto","name":"auto-news (auto)","id":194795},"data":null}],"read-time":2,"access-level-value":null,"content-created-at":1739964664077,"is-embargoed":false,"owner-name":"Jaya Chandran","custom-slug":null,"push-notification":null,"publisher-id":6314,"hero-image-metadata":{"mime-type":"image\u002Fjpeg","width":1200,"file-size":125872,"file-name":"Tesla-Model-Y-Launch-Series.jpg","height":900},"comments":null,"word-count":295,"story-features":{"push-notification":{"is-scheduled":false,"publish-at":null,"linked-with-story-fields-status":{"title":null,"message":null}}},"entities":{},"published-at":1739965291347,"embargoed-till":null,"breaking-news-linked-story-id":null,"storyline-title":null,"summary":null,"push-notification-title":null,"external-id":null,"canonical-url":null,"hero-image-hyperlink":null,"autotags":[],"linked-entities":[],"status":"published","hero-image-attribution":"Tesla","bullet-type":"123","hero-image-alt-text":null,"id":"449362c3-e95c-44f8-ba8c-2200d77edce8","hero-image-s3-key":"gulfnews\u002F2025-01-10\u002Fkvghqz3q\u002FTesla-Model-Y-Launch-Series.jpg","contributors":null,"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002F449362c3-e95c-44f8-ba8c-2200d77edce8\u002Felement\u002Fb0851c0e-7f48-4d71-92ba-1a7c4bc1a731","type":"text","family-id":"d34cafe8-5967-4cfb-92ca-6959273b4f14","title":"","id":"b0851c0e-7f48-4d71-92ba-1a7c4bc1a731","metadata":{},"subtype":null,"text":" \u003Cp\u003ENew Delhi: With Tesla finally gearing up to enter India later this year, the Elon Musk-run electric vehicle (EV) major is set to take a \"top-down approach\" - launch expensive models in the country first and then follow it up with the cheaper vehicles.\u003C\u002Fp\u003E \u003Cp\u003EThe electric car maker is reportedly set to import its fully-built Model Y from its Berlin Gigafactory, as the electric SUV is manufactured in right-hand drive configuration in the European facility.\u003C\u002Fp\u003E \u003Cp\u003EThe Tesla Model Y would cost Rs 60-70 lakh, considering the revised import duty structure recently announced by the government.\u003C\u002Fp\u003E \u003Cp\u003EThe country has reduced basic customs duty on high-end cars priced above $40,000 from 110 per cent to 70 per cent.\u003C\u002Fp\u003E \u003Cp\u003EThe right-hand-drive Model 3 is also made in Shanghai but that’s unlikely to arrive first owing to constraints on Chinese car imports.\u003C\u002Fp\u003E \u003Cp\u003EAccording to industry experts aware of the development on the Tesla front, there are currently no plans for local assembly of Tesla vehicles.\u003C\u002Fp\u003E \u003Cp\u003EHowever, these plans can change in the near future.\u003C\u002Fp\u003E \u003Cp\u003ETesla, which has an office in Pune, is reportedly searching for locations in Bandra-Kurla Complex (BKC) in Mumbai and Aerocity in Delhi to set up their first showrooms in the country.\u003C\u002Fp\u003E \u003Cp\u003EThe company has advertised for at least 13 new roles, mostly for the Mumbai and Delhi markets. The jobs include business operation analyst, service technician and various advisory roles, including customer engagement manager and order operations specialist, as per its LinkedIn advertisements.\u003C\u002Fp\u003E \u003Cp\u003EThe latest developments came after the successful visit of Prime Minister Narendra Modi to the US, where he met Musk and discussed various issues, including space, mobility, technology and innovation.\u003C\u002Fp\u003E \u003Cp\u003EThe world’s richest man has also toyed with the idea of developing a more affordable version of Tesla for the Indian market but there has not been much movement on it yet.\u003C\u002Fp\u003E "}],"card-updated-at":1739965287701,"content-version-id":"de2c8cca-97f5-408b-9018-23c926d8b331","card-added-at":1739964664080,"status":"draft","id":"faa416bb-51d9-4cad-b83b-7e12b1835a14","content-id":"faa416bb-51d9-4cad-b83b-7e12b1835a14","version":5,"metadata":{"social-share":{"shareable":false,"title":"Tesla likely to enter India with fully-built, pricier Model Y, scouting for showrooms","message":null,"image":{"key":"gulfnews\u002F2025-01-10\u002Fkvghqz3q\u002FTesla-Model-Y-Launch-Series.jpg","url":null,"attribution":"Tesla","alt-text":null,"caption":"File photo of a Tesla Model Y ","metadata":{"mime-type":"image\u002Fjpeg","width":1200,"file-size":125872,"file-name":"Tesla-Model-Y-Launch-Series.jpg","height":900}}},"attributes":{}}}],"url":"https:\u002F\u002Fgulfnews.com\u002Fauto\u002Fnews\u002Ftesla-likely-to-enter-india-with-fully-built-pricier-model-y-scouting-for-showrooms-1.500040824","story-version-id":"787b4d18-eedc-4956-b794-0df698cd91ff","content-type":"story","content-updated-at":1739965291441,"author-id":2125210,"owner-id":2165325,"linked-story-ids":[],"access":null,"asana-project-id":null,"first-published-at":1739965291347,"hero-image-caption":"File photo of a Tesla Model Y ","version":5,"story-template":"text","sequence-no":null,"created-at":1739965287696,"authors":[{"slug":"ians","social":{},"name":"IANS","contributor-role":null,"avatar-url":null,"bio":null,"id":2125210,"avatar-s3-key":null,"twitter-handle":null}],"metadata":{"card-share":{"shareable":false}},"publish-at":null,"assignee-name":"Jaya Chandran"}},{"id":"bbc9ac0d-3bad-4f73-bc0e-d030c6ec0f56","score":null,"type":"story","item":{"headline":["Women can drive big-time change in mobility industry "]},"story":{"updated-at":1739862985848,"seo":{"claim-reviews":{"story":null}},"assignee-id":2175974,"author-name":"Soham Shah, Special to Gulf News","tags":[],"headline":"Women can drive big-time change in mobility industry ","storyline-id":null,"votes":{},"story-content-id":"bbc9ac0d-3bad-4f73-bc0e-d030c6ec0f56","slug":"auto\u002Fnews\u002Fwomen-can-drive-big-time-change-in-mobility-industry-1.500039594","last-published-at":1739862987926,"public-identifier":"1.500039594","subheadline":"Best way to go about driving change would be to have a generational balance ","alternative":{"home":{"default":{"headline":"Mobility industry needs a change of pace","hero-image":null}}},"sections":[{"domain-slug":null,"slug":"news","name":"auto-news","section-url":"https:\u002F\u002Fgulfnews.com\u002Fauto\u002Fnews","id":85371,"parent-id":85286,"display-name":"News","collection":{"slug":"news-auto","name":"auto-news (auto)","id":194795},"data":null}],"read-time":2,"access-level-value":null,"content-created-at":1739862463833,"is-embargoed":false,"owner-name":"Cesar Valondo","custom-slug":null,"push-notification":null,"publisher-id":6314,"hero-image-metadata":{"width":750,"height":563},"comments":null,"word-count":312,"story-features":{"push-notification":{"is-scheduled":false,"publish-at":null,"linked-with-story-fields-status":{"title":null,"message":null}}},"entities":{},"published-at":1739862987926,"embargoed-till":null,"breaking-news-linked-story-id":null,"storyline-title":null,"summary":null,"push-notification-title":null,"external-id":null,"canonical-url":null,"hero-image-hyperlink":null,"autotags":[],"linked-entities":[],"status":"published","hero-image-attribution":"Shutterstock","bullet-type":"123","hero-image-alt-text":"female leaders ","id":"bbc9ac0d-3bad-4f73-bc0e-d030c6ec0f56","hero-image-s3-key":"gulfnews\u002Fimport\u002F2024\u002F12\u002F02\u002Ffemale-leaders-_19386936d60_large.jpg","contributors":null,"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002Fbbc9ac0d-3bad-4f73-bc0e-d030c6ec0f56\u002Felement\u002Fb0ebf49b-01e5-4d16-8182-e100c31dcf46","type":"text","family-id":"f5fe16e3-b731-438d-936c-a3eaa6ba643c","title":"","id":"b0ebf49b-01e5-4d16-8182-e100c31dcf46","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe mobility sector has been dominated globally by traditional business models.\u003C\u002Fp\u003E\u003Cp\u003EA 2016 McKinsey report highlighted the significant economic potential of gender equity, revealing that closing the gender gap could add $28 trillion—a 26% increase—to global GDP by 2025. Though the report is nearly a decade old, its findings remain more relevant than ever, especially as the mobility sector evolves rapidly with a focus on sustainability and innovation.\u003C\u002Fp\u003E\u003Cp\u003EA well-balanced workforce should include 30% professionals from Gen X, 40% digitally-savvy Gen Y, and 30% Gen Z employees, thus empowering cross-generational collaboration and knowledge-sharing. Achieving gender balance in leadership is equally crucial.\u003C\u002Fp\u003E\u003Cp\u003EResearch shows that companies with women in at least 30% of leadership positions experience better financial performance and decision-making. This is a benchmark that organizations must continue to strive for, as gender-diverse leadership teams are proven to drive innovation and sustainability.\u003C\u002Fp\u003E\u003Cp\u003EThat’s not all, women in leadership roles across mobility companies are embedding sustainability into their core strategies, ensuring that green alternatives become the norm. Whether through expanding EV fleets, integrating carbon offset programs, or promoting shared mobility, women are at the forefront of reshaping mobility into an environmentally responsible industry.\u003C\u002Fp\u003E\u003Cp\u003EBeyond sustainability and digitalization, women are also redefining service excellence. Today’s traveler demands flexibility, ease of use, and personalization. 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Hyundai Motor India Limited (HMIL), one of the country’s leading automobile manufacturers, has completed 25 years of exports from India, reinforcing its position as the largest exporter in this segment.\u003C\u002Fp\u003E\u003Cp\u003ESince starting exports in 1999, the company has shipped over 3.7 million vehicles across the globe, it said in a statement.\u003C\u002Fp\u003E\u003Cp\u003EThe company’s export data showed the success of India’s push for self-reliant and globally competitive automobile production.\u003C\u002Fp\u003E\u003Cp\u003EOver the years, Hyundai has expanded its global reach, exporting cars to more than 150 countries.\u003C\u002Fp\u003E\u003Cp\u003EAt present, the company supplies vehicles to over 60 nations, with Saudi Arabia, South Africa, Mexico, Chile, and Peru emerging as its top markets in 2024.\u003C\u002Fp\u003E\u003Cp\u003EHyundai exported a total of 1,58,686 vehicles in 2024, the company said. 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conditions.”\u003C\u002Fp\u003E\u003Cp\u003EThe Volkswagen AG-controlled luxury brand plans to reduce headcount at two German sites through voluntary measures like early retirement and severance packages, and will take a “restrictive approach” to new hires, it said Thursday. The goal is to reduce staffing in Zuffenhausen and Weissach by 15 per cent by 2029.\u003C\u002Fp\u003E\u003Cp\u003EPorsche is grappling with a drop in EV demand, and was among the major automakers to walk back its EV targets last year. Challenges with making the jump to electric cars have cost the 911 maker dearly in China, where deliveries have slumped, piling on pressure to cut costs. \u003C\u002Fp\u003E\u003Cp\u003EThe company will take an €800 million ($831 million) hit this year tied to developing products, with more combustion engine and plug-in hybrid models. \u003C\u002Fp\u003E\u003Cp\u003EA job security agreement remains in force for all German employees until 2030, which means voluntary measures will be employed until then. 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VW could update best-selling models including the Golf hatchback and T-Roc and Tiguan sport utility vehicles in the 2030s, and Audi is having similar discussions regarding the A3 compact model, Handelsblatt reported late Wednesday.\u003C\u002Fp\u003E\u003Cp\u003E“Volkswagen has not changed its plans to phase out the combustion engine in Europe by the early 2030s and will react flexibly to possible market changes,” the brand said in an emailed statement.\u003C\u002Fp\u003E"}],"card-updated-at":1739460288654,"content-version-id":"b4d487e9-89a9-4f26-abfe-2a6e32855930","card-added-at":1739459522395,"status":"draft","id":"a6ee55da-48d6-4d24-8ca6-12f16e4d2979","content-id":"a6ee55da-48d6-4d24-8ca6-12f16e4d2979","version":7,"metadata":{"social-share":{"shareable":false,"title":"Porsche to cut 1,900 jobs at German sites after EV demand slumps","message":"Porsche to Cut 1,900 Jobs at German Sites After EV Demand Slumps","image":{"key":"gulfnews\u002F2025-02-13\u002Fnd9yspx7\u002F_1x_1.jpg","url":null,"attribution":"Bloomberg ","alt-text":"Porsche to cut 1,900 jobs at German sites after EV demand slumps","caption":"The cuts, reported earlier by the Stuttgarter Zeitung, follow a decision to stop renewing contracts of temporary workers. 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sales.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F156a3d56-7d16-42b5-898a-fee4748288f0","type":"text","family-id":"00c43fdf-536b-4200-865d-c1d09bfde306","title":"","id":"156a3d56-7d16-42b5-898a-fee4748288f0","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe bid to join forces had been seen as an effort to catch up with US titan Tesla and Chinese firms in the electric vehicle market, as well as providing a lifeline to struggling Nissan.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F5da270f5-b179-4680-a1c2-62f6b80329a3","type":"text","family-id":"2e8313e0-75fc-43de-8882-1bdf46970a99","title":"","id":"5da270f5-b179-4680-a1c2-62f6b80329a3","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe firms said in a joint statement that they "agreed to terminate the MOU (memorandum of understanding) signed on December 23 last year for consideration of a business integration between the two companies".\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002Fcbcf7e10-3d28-4788-8b1c-a91b64987097","type":"text","family-id":"8a0f5d96-830a-4925-ae03-3754ff5aa4f8","title":"","id":"cbcf7e10-3d28-4788-8b1c-a91b64987097","metadata":null,"subtype":null,"text":"\u003Cp\u003E"That the both companies were not able to reach an agreement is very regrettable," Honda's CEO and president Toshihiro Mibe told reporters.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F4b296631-5983-444d-83dc-2351feb64106","type":"text","family-id":"9beba0f7-166d-4f93-9d09-70540be52139","title":"","id":"4b296631-5983-444d-83dc-2351feb64106","metadata":null,"subtype":null,"text":"\u003Cp\u003EMibe insisted in December that any merger would not be a bailout for Nissan, which announced last year thousands of job cuts after reporting a 93 percent plunge in first-half net profit.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F8a92bc5a-b652-4c49-ad1c-b8e17818ee82","type":"text","family-id":"f4f0737e-9bbf-4406-a0ba-8fd81758e3f7","title":"","id":"8a92bc5a-b652-4c49-ad1c-b8e17818ee82","metadata":null,"subtype":null,"text":"\u003Cp\u003EFurther illustrating its problems, Nissan said on Thursday that it was now expecting an annual loss of $518 million owing to slumping sales.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F20bf374e-eda8-421b-8b85-6ff22070de45","type":"text","family-id":"09703cf2-07ac-4c34-bac4-e39ef4203810","title":"","id":"20bf374e-eda8-421b-8b85-6ff22070de45","metadata":null,"subtype":null,"text":"\u003Cp\u003EJapanese media reports have said the discussions unravelled after Honda proposed making its struggling rival a subsidiary instead of the plan, announced in December, to integrate under a new holding company.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F615ba0fe-f7ec-40da-8d4c-c63d17fc039e","type":"text","family-id":"fc5b8921-3a1c-4b93-854c-b5ba9a2b881e","title":"","id":"615ba0fe-f7ec-40da-8d4c-c63d17fc039e","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe automakers confirmed in the joint statement that Honda "proposed changing the structure from establishing a joint holding company... to a structure where Honda would be the parent company and Nissan the subsidiary through a share exchange".\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002Fe3351243-42ee-4e60-9a23-a23d849d1cab","type":"text","family-id":"6bb8888e-767e-4bc0-99ef-021a4612dfd7","title":"","id":"e3351243-42ee-4e60-9a23-a23d849d1cab","metadata":null,"subtype":null,"text":"\u003Cp\u003EUnder a joint board, "the decision-making speed may slow when a tough decision is required," Mibe said.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002Ff22b2656-9bed-442e-b751-fa07342d22a8","type":"text","family-id":"16223c67-d1e9-4155-8947-4b1f3c69987d","title":"","id":"f22b2656-9bed-442e-b751-fa07342d22a8","metadata":null,"subtype":null,"text":"\u003Cp\u003ENissan's CEO Makoto Uchida said "given the performance of the company, there is a difficulty to stand alone" and Honda's proposal was "carefully discussed".\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F106eb16c-9788-418a-bed4-d5046fd19956","type":"text","family-id":"50e75aca-3d4e-4b18-b7a1-8f00a873f9a0","title":"","id":"106eb16c-9788-418a-bed4-d5046fd19956","metadata":null,"subtype":null,"text":"\u003Cp\u003EBut, he said, "We could not accept this proposal as we were not sure how much our autonomy would be kept and if Nissan's potential would be maximised" under the proposal.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F9c35802d-fcc7-4bff-b5e3-655d7e9852dc","type":"text","family-id":"4b3bb62f-8a02-4f1d-86ed-d699797758d4","title":"","id":"9c35802d-fcc7-4bff-b5e3-655d7e9852dc","metadata":null,"subtype":null,"text":"\u003Ch2\u003E- Partnership -\u003C\u002Fh2\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002Fd96fe02b-f332-4489-853a-95742c509e55","type":"text","family-id":"cccc761d-cd17-4b6c-8f59-466f8362ee40","title":"","id":"d96fe02b-f332-4489-853a-95742c509e55","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe automakers, however, will continue to seek "synergy effects" through a strategic partnership announced in August last year that also includes Nissan's junior partner Mitsubishi Motors, Mibe said.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F97ace698-4cae-458c-bffc-8ce312377782","type":"text","family-id":"794f14f8-81bd-4d0d-a1d2-74ea58f55381","title":"","id":"97ace698-4cae-458c-bffc-8ce312377782","metadata":null,"subtype":null,"text":"\u003Cp\u003EWithin the partnership agreement, the companies will collaborate to thrive in "the era of intelligence and electrified vehicles, striving to create new value and maximise the corporate value of both companies", the joint statement said.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002Fe9c71710-5a9e-45bb-86ae-7a5ca249d97d","type":"text","family-id":"19e6d0ca-5e85-462e-9783-05fa7f1f90c2","title":"","id":"e9c71710-5a9e-45bb-86ae-7a5ca249d97d","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe cancellation of the merger talks would have no impact on the earnings of both automakers, it said.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F8df362a2-833b-4b6a-b552-6c13dbcee045","type":"text","family-id":"e0dc33b6-b6bd-4b37-bf16-821844836ab3","title":"","id":"8df362a2-833b-4b6a-b552-6c13dbcee045","metadata":null,"subtype":null,"text":"\u003Cp\u003EFollowing the announcement, French automaker Renault, which holds about 35 percent of shares in Nissan, said it welcomed "Nissan's intention to focus first and foremost on the execution of its turnaround plan".\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F75439af4-d38a-44e5-a49c-ba829304c5e7","type":"text","family-id":"d4b9aa0d-0c8e-4391-97ff-12516148839d","title":"","id":"75439af4-d38a-44e5-a49c-ba829304c5e7","metadata":null,"subtype":null,"text":"\u003Cp\u003EIt said it would "continue to support Nissan in its ongoing projects."\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F61d41b9a-d61a-4abc-a7ff-7e86bbf39cb8","type":"text","family-id":"d5b5eb0f-831b-4db4-b45d-67e864fbe855","title":"","id":"61d41b9a-d61a-4abc-a7ff-7e86bbf39cb8","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe head of Taiwanese tech giant Foxconn said this week it was open to buying Renault's stake in Nissan after reports last year said it had made an approach for the company.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002Ff409d76a-293c-4b22-a145-78d29e9065be","type":"text","family-id":"9fcfc5c2-1bc7-4a40-b4ed-9a8e91c88e53","title":"","id":"f409d76a-293c-4b22-a145-78d29e9065be","metadata":null,"subtype":null,"text":"\u003Cp\u003EAnalysts have said both firms will need to seek alternative partners in the long term, to strengthen competitiveness in the technology race, and Foxconn could be an option.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F17dbf576-9a0f-48c4-8303-fb8659dc12dc","type":"text","family-id":"87bc3f6c-6db7-4ed3-901e-f18d75f72ed8","title":"","id":"17dbf576-9a0f-48c4-8303-fb8659dc12dc","metadata":null,"subtype":null,"text":"\u003Ch2\u003E- Nissan loss -\u003C\u002Fh2\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F3a5c38cf-0f4c-4276-a9da-f93f5a082c48","type":"text","family-id":"629ebc2b-b653-4a83-bc68-3ae080b3c5cd","title":"","id":"3a5c38cf-0f4c-4276-a9da-f93f5a082c48","metadata":null,"subtype":null,"text":"\u003Cp\u003ENissan said Thursday it expected a net loss of 80 billion yen ($520 million) for the 12 months to March, sharply down from 426.6 billion yen profit achieved in the previous year.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F1ab65b88-730b-4ecd-a7fe-3b4930dc94c9","type":"text","family-id":"a8289263-ffcb-4947-8574-51b248d27ee4","title":"","id":"1ab65b88-730b-4ecd-a7fe-3b4930dc94c9","metadata":null,"subtype":null,"text":"\u003Cp\u003EHonda separately reported a net profit of 805.3 billion yen for the nine months to December.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F17972bc4-bde2-4491-9fa4-b75bcd22a054","type":"text","family-id":"bfcc6e2e-0a87-44b8-ae07-11df404206b8","title":"","id":"17972bc4-bde2-4491-9fa4-b75bcd22a054","metadata":null,"subtype":null,"text":"\u003Cp\u003EThis was a 7.4 percent decline on-year chiefly due to a decline in sales in China, even though overall sales increased 8.9 percent to 16.3 trillion yen.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fad9d5d64-ae1d-4945-b8c8-3ecaf10992a9\u002Felement\u002F0c8334c7-8c5f-4dae-9c3e-b6e4fc296060","type":"text","family-id":"d8b5522c-4a18-4b0d-bf33-c2056d75b04d","title":"","id":"0c8334c7-8c5f-4dae-9c3e-b6e4fc296060","metadata":null,"subtype":null,"text":"\u003Cp\u003EHonda made a slight change in its sales forecast for the full year to March, to 21.6 trillion yen from 21.0 trillion yen in the previous estimate, but kept its operating and net profit forecasts at 1.42 trillion yen and 950 billion yen, 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@askashbroker","bullet-type":"123","hero-image-alt-text":null,"id":"1e935616-6a39-434b-a205-a25ada2ee11b","hero-image-s3-key":"gulfnews\u002F2025-02-13\u002Fevnszz0p\u002FFord-South-African-Silverton-factory-1.jpg","contributors":[],"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002F24834f45-eaa0-41ed-aa84-33309ae8e1cb","type":"text","family-id":"1b714585-6b50-4cf2-9706-4e0d76163832","title":"","id":"24834f45-eaa0-41ed-aa84-33309ae8e1cb","metadata":{},"subtype":null,"text":"\u003Cp\u003E South Africa exports vehicles worth about $1.9 billion every year, many to the United States under a trade deal now in jeopardy as President Donald Trump piles pressure on the country.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002F33ef874c-6d32-47f4-9951-a41b33bfc275","type":"text","family-id":"0e06b428-942f-4dee-a675-c933b460725d","title":"","id":"33ef874c-6d32-47f4-9951-a41b33bfc275","metadata":{},"subtype":null,"text":"\u003Cp\u003E\"I don't think that South Africa has got a chance of the renewal\" of the African Growth and Opportunity Act (AGOA), said Neil Diamond, president of the South African Chamber of Commerce in the United States.\u003C\u002Fp\u003E\u003Cp\u003EKnown as AGOA, the trade deal offers preferential access to the US market for many African countries. The arrangement means Washington charges no tariffs on cars imported from South Africa.\u003C\u002Fp\u003E\u003Cp\u003EThat deal has bolstered the South African auto industry. Motor vehicles account for 22 percent of South Africa's exports to the United States, worth $1.88 billion — behind only precious metals, according to government statistics.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002F6e27b5ca-b576-49d8-a038-cc5dcdd6c9b3","type":"text","family-id":"7afb3b2e-5f09-411c-8451-f514a4c52320","title":"","id":"6e27b5ca-b576-49d8-a038-cc5dcdd6c9b3","metadata":{},"subtype":null,"text":"\u003Cp\u003ESeven big automakers operate in South Africa: BMW, Ford, Isuzu, Mercedes-Benz, Nissan, Toyota and Volkswagen.\u003C\u002Fp\u003E\u003Cp\u003E\"It's half a million people that are employed in the industry, so right across the value chain,\" said Billy Tom, head of The Automotive Business Council, known as Naamsa.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002F24cba10a-937c-4962-bce8-90c229324d60","type":"text","family-id":"8a6e09e7-1469-423b-bb54-1ef23d01de49","title":"","id":"24cba10a-937c-4962-bce8-90c229324d60","metadata":{},"subtype":null,"text":"\u003Cp\u003EAGOA is up for renewal in September 2025. If it lapses, the consequences in South Africa — its biggest beneficiary — could be disastrous.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002F9d6c67dc-2db7-400c-970b-100c6665fd2b","type":"text","family-id":"16023a66-2532-44ae-b2ac-d2195fd2b8ee","title":"","id":"9d6c67dc-2db7-400c-970b-100c6665fd2b","metadata":{},"subtype":null,"text":"\u003Cp\u003E\"It would be a big impact in the sense that the United States is the third-biggest export market for us. And that market has grown over the years,\" Tom told AFP.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002Ffbd06862-a43d-4291-923a-a22677f1fd20","type":"text","family-id":"5f6bf389-26fd-493d-a47a-0005866e4957","title":"","id":"fbd06862-a43d-4291-923a-a22677f1fd20","metadata":{},"subtype":null,"text":"\u003Cp\u003EHe estimates that 86,000 people have jobs thanks to AGOA, with another 125,000 people employed in related jobs as subcontractors or suppliers, often directly tied to auto plants.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002F76644971-9fb4-4375-9dce-62a73cb08281","type":"text","family-id":"46b71df0-2220-417e-b385-2a748be056de","title":"","id":"76644971-9fb4-4375-9dce-62a73cb08281","metadata":{},"subtype":null,"text":"\u003Cp\u003E\"It will have a significantly detrimental effect on the supplier base, and over the long term, I think we could expect that the industry does not survive in South Africa,\" said Renai Moothilal, who heads the National Association of Automotive Component and Allied Manufacturers.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002F2cf69274-3753-485f-a557-50d7a409ccd0","type":"text","family-id":"4375eb75-a882-4090-9489-25e6b486c920","title":"","id":"2cf69274-3753-485f-a557-50d7a409ccd0","metadata":{},"subtype":null,"text":"\u003Ch2\u003EPunitive measures\u003C\u002Fh2\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002F74526be3-2530-40af-b025-2a8ace875533","type":"text","family-id":"65eabf1e-e385-41e0-8f12-05c857f7c97f","title":"","id":"74526be3-2530-40af-b025-2a8ace875533","metadata":{},"subtype":null,"text":"\u003Cp\u003ESouth Africa has found itself in the White House's crosshairs, in part due to a recent land law.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002F5af71dd7-6b15-4914-9e0b-49fbf81f9213","type":"text","family-id":"f38d6311-b02f-4365-88c7-704ec14c2653","title":"","id":"5af71dd7-6b15-4914-9e0b-49fbf81f9213","metadata":{},"subtype":null,"text":"\u003Cp\u003EPretoria native Elon Musk, the world's richest man who's dominating Trump's inner circle, has lambasted \"racist laws\" and amplified conspiracy theories claiming — without evidence — that whites are being singled out for persecution.\u003C\u002Fp\u003E\u003Cp\u003ESouth Africa's foreign policy has also pushed it away from Washington, as the country aligns with Russia and China and led the charges against Israel at the International Court of Justice.\u003C\u002Fp\u003E\u003Cp\u003E\u003Cstrong\u003EForeign policy interest\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003E\"President Trump could cite the clause in the AGOA Act, which says that beneficiaries have to maintain, or their activities have to be in line with US security and foreign policy interests,\" said Richard Morrow, a researcher at the Brenthurst Foundation.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002Ff32354bc-e2be-4c7a-91c5-d4bf248f42ac","type":"text","family-id":"ccad1979-2064-4766-a25b-26929e57c21a","title":"","id":"f32354bc-e2be-4c7a-91c5-d4bf248f42ac","metadata":{},"subtype":null,"text":"\u003Cp\u003EFormer president Joe Biden, for example, removed the Central African Republic, Gabon, Niger and Uganda from AGOA benefits on January 1, 2024.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002F7536dbe6-b703-485f-943d-dc06e3c1dd6c","type":"text","family-id":"39faa06c-3c08-45e9-955b-d07e05194170","title":"","id":"7536dbe6-b703-485f-943d-dc06e3c1dd6c","metadata":{},"subtype":null,"text":"\u003Cp\u003EBut Trump may just want to defend an industry that's close to his heart, Morrow said.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002F9e47b682-f518-4480-9140-655d2765555b","type":"text","family-id":"c9f510b5-d834-41b0-ad20-37f282e5aae2","title":"","id":"9e47b682-f518-4480-9140-655d2765555b","metadata":{},"subtype":null,"text":"\u003Cp\u003E\"Donald Trump has repeatedly used the automotive sector in America as a bellwether for the American economy,\" he told AFP. \"It's traditionally a sector which is very blue-collar\" and central to Trump's base.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002F9ebb5b49-89b7-4995-a2da-8b278eea40df","type":"text","family-id":"a0a08976-8c81-4000-bdf6-bf038f4aa254","title":"","id":"9ebb5b49-89b7-4995-a2da-8b278eea40df","metadata":{},"subtype":null,"text":"\u003Cp\u003EIt's not yet clear if Trump wants to \"punish South Africa\" or uses AGOA \"as a means of threatening South Africa,\" Morrow said. Trump could also remove just the auto industry from AGOA benefits, while letting other industries benefit.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002Fa771b66e-06af-4efa-a03d-d3e4b13b94f0","type":"text","family-id":"e151e316-8fb1-4159-b728-02ff95abbf25","title":"","id":"a771b66e-06af-4efa-a03d-d3e4b13b94f0","metadata":{},"subtype":null,"text":"\u003Cp\u003E\u003Cstrong\u003EAligned to the West\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EThe irony is that most of the companies that would be affected are based in countries like Germany and Japan, close US allies, said Isaac Khambule, a professor of political economics at the University of Johannesburg.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002Fd0842d90-aa11-411f-a423-50422e39f7df","type":"text","family-id":"7cd97f90-c96e-4a52-bc99-7a678f1b2c5e","title":"","id":"d0842d90-aa11-411f-a423-50422e39f7df","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe demographic of \"people who own the majority of the businesses in South Africa\" is largely aligned to the West, he told AFP. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F1e935616-6a39-434b-a205-a25ada2ee11b\u002Felement\u002F9d5a8759-341c-42d1-b05d-f19f9eab9f24","type":"text","family-id":"db60a88b-712f-4cc3-884c-b99e66d3a2b0","title":"","id":"9d5a8759-341c-42d1-b05d-f19f9eab9f24","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe immediate damage from Trump's rhetoric is uncertainty, leaving businesses unsure of how or whether to invest, he said.\u003C\u002Fp\u003E"}],"card-updated-at":1739424599885,"content-version-id":"7b0f2421-f35e-4d22-84fb-7018862a50d2","card-added-at":1739421866913,"status":"draft","id":"e195cabd-be2c-45db-badf-4b61b323b3af","content-id":"e195cabd-be2c-45db-badf-4b61b323b3af","version":9,"metadata":{"social-share":{"shareable":false,"title":"Trump threats to South Africa rattle automakers","message":"Trump threats to South Africa rattle automakers","image":{"key":"gulfnews\u002F2025-02-13\u002Fevnszz0p\u002FFord-South-African-Silverton-factory-1.jpg","url":null,"attribution":"X | @askashbroker","alt-text":null,"caption":"A Ford production facility in South Africa. 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Tesla has similar features available in its EVs priced from $32,000.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fab44e1b1-7e6b-4c23-9b01-5faba8c747dc\u002Felement\u002Fabc8718e-2fb2-41d7-a8b3-ef3e14156415","type":"text","family-id":"5ddbd870-27f7-40ae-8eb5-155eec3075e5","title":"","id":"abc8718e-2fb2-41d7-a8b3-ef3e14156415","metadata":null,"subtype":null,"text":"\u003Cp\u003E"Autonomous driving is no longer a remote rarity, it's a... necessary tool," BYD founder Wang Chuanfu said at a livestreamed event on Monday.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fab44e1b1-7e6b-4c23-9b01-5faba8c747dc\u002Felement\u002F3426d47f-29ba-4d34-9a80-8aed95f3a8fe","type":"text","family-id":"000b10af-6c88-4421-b687-4a7083c7e2af","title":"","id":"3426d47f-29ba-4d34-9a80-8aed95f3a8fe","metadata":null,"subtype":null,"text":"\u003Cp\u003ESelf-driving technology would become an "indispensable tool like safety belts or airbags" within a few years, he predicted.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fab44e1b1-7e6b-4c23-9b01-5faba8c747dc\u002Felement\u002F57f7d8e0-b7c1-4b64-8706-49edb0dc38b6","type":"text","family-id":"1c6a1892-f825-4f7a-8081-e501c50df933","title":"","id":"57f7d8e0-b7c1-4b64-8706-49edb0dc38b6","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe integration of DeepSeek, the company said, would help improve self-driving technology and provide a more personalised experience for consumers. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fab44e1b1-7e6b-4c23-9b01-5faba8c747dc\u002Felement\u002F11e754aa-b140-4869-a606-4ef56965c15e","type":"text","family-id":"96dae7a0-4cb0-4aae-8bee-ff338e9c899f","title":"","id":"11e754aa-b140-4869-a606-4ef56965c15e","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe AI firm made headlines last month when it unveiled a chatbot that can match its American competitors apparently at a fraction of the cost.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fab44e1b1-7e6b-4c23-9b01-5faba8c747dc\u002Felement\u002F7f7efdf1-cf1f-4505-8fdc-fbb4f9ce7034","type":"text","family-id":"22d52689-b465-42f7-863d-d5eeb85d0f9f","title":"","id":"7f7efdf1-cf1f-4505-8fdc-fbb4f9ce7034","metadata":null,"subtype":null,"text":"\u003Cp\u003EShares in BYD jumped 4.5 percent to a record high in Hong Kong on Tuesday -- having already risen almost 20 percent in the days leading up to Monday's event. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fab44e1b1-7e6b-4c23-9b01-5faba8c747dc\u002Felement\u002Fa85502f9-823b-4399-9f63-2f9a6a2030dd","type":"text","family-id":"a7bd24a4-4727-4bc3-aa3b-626dcdc43ab7","title":"","id":"a85502f9-823b-4399-9f63-2f9a6a2030dd","metadata":null,"subtype":null,"text":"\u003Cp\u003EChina's auto market, the world's largest, has seen a prolonged price war among dozens of EV producers desperate to grab market share.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fab44e1b1-7e6b-4c23-9b01-5faba8c747dc\u002Felement\u002F2201d805-699e-4db3-ad2a-09b17795c312","type":"text","family-id":"01a293af-3acc-4bc7-a434-f4394164e7bd","title":"","id":"2201d805-699e-4db3-ad2a-09b17795c312","metadata":null,"subtype":null,"text":"\u003Cp\u003EAlmost 11 million electric and hybrid vehicles were sold in the country last year, up more than 40 percent from 2023.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fab44e1b1-7e6b-4c23-9b01-5faba8c747dc\u002Felement\u002F14700853-84d3-4177-83a0-4b43be5647c2","type":"text","family-id":"afb646ed-c077-4e34-84ef-2a5c653937d9","title":"","id":"14700853-84d3-4177-83a0-4b43be5647c2","metadata":null,"subtype":null,"text":"\u003Cp\u003EBYD accounted for around 4.2 million of those sales, with its quarterly revenue overtaking Tesla's for the first time in the third quarter.\u003C\u002Fp\u003E"}],"card-updated-at":1739252675274,"content-version-id":"9bad7cd7-fde8-460d-bfd4-61388b68743b","card-added-at":1739245466871,"status":"draft","id":"c014b8d9-4068-41a5-9a81-d48656bdd1f9","content-id":"c014b8d9-4068-41a5-9a81-d48656bdd1f9","version":7,"metadata":{"social-share":{"shareable":false,"title":"Chinese auto giant and Tesla rival BYD to integrate DeepSeek, broaden self-driving tech","message":"Chinese auto giant BYD to integrate DeepSeek, broaden self-driving tech","image":{"key":"gulfnews\u002F2025-02-11\u002Ffxu3in2y\u002FBYD-Cars","url":null,"attribution":"Bloomberg","alt-text":null,"caption":"BYD Co. vehicles in a parking lot after arriving at a port in Yokohama, Japan, on Thursday, Feb. 6, 2025. 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Rejigging supply chains and setting up new factories can also take years.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7464d92c-663a-4f8b-8fec-7b5266bb53a3\u002Felement\u002F61fc9f8a-fe31-4c98-858d-2ef5c3a15914","type":"text","family-id":"7dd69195-9a01-4152-a395-5105d3bcd1f7","title":"","id":"61fc9f8a-fe31-4c98-858d-2ef5c3a15914","metadata":{},"subtype":null,"text":"\u003Cp\u003E“While every American state has extended full support, the common factor that has been concerning us is the availability of skilled manpower,” said F.R. 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India firms, which still mostly make components for combustion engines, see opportunities in the US as suppliers to the likes of Ford Motor Co. and GM shy away from investing in older technology as the global auto industry pivots to electric vehicles. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7464d92c-663a-4f8b-8fec-7b5266bb53a3\u002Felement\u002Fdbb447d3-01d2-4a62-91cd-5abd5e979555","type":"text","family-id":"78acc9ba-5ccf-498c-8890-64ccf4bb37ab","title":"","id":"dbb447d3-01d2-4a62-91cd-5abd5e979555","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe impact of tariffs on Mexico’s economy will also likely ripple through to the Indian scooter makers, who count the Latin American country as a key market. 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Says","push-notification-title":null,"external-id":"SR73YRT1UM0W00","canonical-url":null,"hero-image-hyperlink":null,"autotags":[],"linked-entities":[],"status":"published","hero-image-attribution":"Bloomberg","bullet-type":"123","hero-image-alt-text":null,"id":"15cc3a2f-7280-4c93-ae01-f3a0e081fd3d","hero-image-s3-key":"gulfnews\u002F2025-02-05\u002Fgej3babu\u002F_1x_1.jpg","contributors":[],"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002F15cc3a2f-7280-4c93-ae01-f3a0e081fd3d\u002Felement\u002Fbad458d2-10f6-4a0c-a7ec-cdab38bbfbbd","type":"text","family-id":"c1e0f6fd-2f61-4e23-b615-10d9dc7c5cb2","title":"","id":"bad458d2-10f6-4a0c-a7ec-cdab38bbfbbd","metadata":{},"subtype":null,"text":"\u003Cp\u003ENissan Motor Co. is pulling out of its deal with Honda Motor Co. to \u003Ca href=\"https:\u002F\u002Fgulfnews.com\u002Fbusiness\u002Fretail\u002Fhonda-nissan-mitsubishi-motors-aim-to-merge-in-2026-as-talks-kick-off-1.1734940811516\"\u003Ecombine both brands\u003C\u002Fa\u003E and regain global competitiveness, the Nikkei newspaper reported Wednesday.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F15cc3a2f-7280-4c93-ae01-f3a0e081fd3d\u002Felement\u002F0e12a790-911b-465e-b58c-b415fa8b7740","type":"text","family-id":"ed9efe85-5cc8-4fc4-a82c-33226d6ed77e","title":"","id":"0e12a790-911b-465e-b58c-b415fa8b7740","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe pair had been negotiating the terms of a tie-up under which Honda would offer Nissan a lifeline by absorbing its struggling rival, and bring the two brands under a single holding company in 2026.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F15cc3a2f-7280-4c93-ae01-f3a0e081fd3d\u002Felement\u002F87737328-79a3-4e39-baf3-26b9c5795b27","type":"text","family-id":"5791d747-3ccc-4688-a447-28a14005551c","title":"","id":"87737328-79a3-4e39-baf3-26b9c5795b27","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe two competitors failed to reach a consensus after seven short but tumultuous weeks of talks, according to the newspaper, which cited people it didn’t identify, bringing to a swift end what could have been a historic partnership for Japan’s auto industry.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F15cc3a2f-7280-4c93-ae01-f3a0e081fd3d\u002Felement\u002F6dc9e675-936f-47b0-95e1-b44dbe3ef2b0","type":"text","family-id":"0b0ca74b-a9ab-49f9-95a7-d3e3b315a1df","title":"","id":"6dc9e675-936f-47b0-95e1-b44dbe3ef2b0","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe Tokyo Stock Exchange suspended trading of Nissan’s shares in response to the report. Honda’s shares rose as much as 12 per cent, while Nissan fell as much as 6.4 per cent.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F15cc3a2f-7280-4c93-ae01-f3a0e081fd3d\u002Felement\u002Fc13e47a2-968f-46a8-bad9-7e6217fa822b","type":"text","family-id":"3658684d-cb5f-4c4a-8413-7852ae466a4a","title":"","id":"c13e47a2-968f-46a8-bad9-7e6217fa822b","metadata":{},"subtype":null,"text":"\u003Cp\u003ESpokespeople for both companies said the report wasn’t based on announcements from either, and that a framework for ongoing negotiations will be announced as planned, albeit delayed once already, in mid-February. Friction emerged between the two this week after media reports said Honda floated the idea of a complete acquisition, a proposal that was met with strong opposition within Nissan. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F15cc3a2f-7280-4c93-ae01-f3a0e081fd3d\u002Felement\u002F8f74cf3b-22d3-4280-b9f5-736140ffc86d","type":"text","family-id":"f1cc1109-ab3d-4846-9edd-96d74682cbc1","title":"","id":"8f74cf3b-22d3-4280-b9f5-736140ffc86d","metadata":{},"subtype":null,"text":"\u003Cp\u003EFrom the moment initial reports of a so-called merger surfaced in December, it was clear that Honda, with more than quadruple the market value, had the upper hand. When the two announced the deal in December, Honda made it apparent that Nissan had to implement a restructuring plan in order for any transaction to materialize. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F15cc3a2f-7280-4c93-ae01-f3a0e081fd3d\u002Felement\u002Fe61277d5-9d86-42ba-9c17-228d6f052e68","type":"text","family-id":"03b70fe5-0113-44ae-8c67-55efc91a410f","title":"","id":"e61277d5-9d86-42ba-9c17-228d6f052e68","metadata":{},"subtype":null,"text":"\u003Cp\u003EAn outdated product lineup, bloated dealership incentives and shaky leadership are just a few of the chronic issues ailing Nissan. Without Honda’s backing, it’s unclear how the brand plans to turn itself around.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F15cc3a2f-7280-4c93-ae01-f3a0e081fd3d\u002Felement\u002F2ab2a64e-ad19-4833-9dd2-a48b5578e2e6","type":"text","family-id":"395ba8be-85e5-425f-a8c8-8100c027c8e1","title":"","id":"2ab2a64e-ad19-4833-9dd2-a48b5578e2e6","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe full picture of Nissan’s plight became clear in November, after a 94% drop in first-half net sales forced it to cut thousands of jobs, slash production capacity and lower its annual profit forecast by 70%.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F15cc3a2f-7280-4c93-ae01-f3a0e081fd3d\u002Felement\u002Fe96ef1b2-c2f9-412c-a237-1389976a1783","type":"text","family-id":"8f38c5bc-01bf-4f21-8fc3-c09712a77702","title":"","id":"e96ef1b2-c2f9-412c-a237-1389976a1783","metadata":{},"subtype":null,"text":"\u003Cp\u003EThen, weeks later, Honda unveiled plans to rescue Nissan by combining forces to regain lost ground in the US, where the popularity of gas-electric hybrids has given the edge to Toyota Motor Corp., and in China, where wave after wave of electric vehicles has forced foreign brands to turn tail.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F15cc3a2f-7280-4c93-ae01-f3a0e081fd3d\u002Felement\u002F1f7115a9-f3c0-4e52-80aa-deb72c449c37","type":"text","family-id":"01a2ea35-7201-4eb6-94ef-bc7e201acb5f","title":"","id":"1f7115a9-f3c0-4e52-80aa-deb72c449c37","metadata":{},"subtype":null,"text":"\u003Cp\u003ENissan is 36 per cent owned by French carmaker Renault SA, which in late January sent representatives to Japan to express concern over the transaction and seek a premium for its stake, people familiar with the matter said. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F15cc3a2f-7280-4c93-ae01-f3a0e081fd3d\u002Felement\u002Fb89d801f-e6b3-4eac-9007-328a5e4f0eb8","type":"text","family-id":"78310b46-4ea9-4113-8478-b4ca070e1b6c","title":"","id":"b89d801f-e6b3-4eac-9007-328a5e4f0eb8","metadata":{},"subtype":null,"text":"\u003Cp\u003EMitsubishi Motors Corp., which has reportedly decided against joining the alliance, said earlier this week it would make a final decision once Honda and Nissan reach an agreement later this month.\u003C\u002Fp\u003E"}],"card-updated-at":1738739692370,"content-version-id":"2ae7914e-3dcd-4e04-8851-ec5845b5ec7d","card-added-at":1738738322525,"status":"draft","id":"bb16adf0-99f2-4ad7-8644-881b826d5f00","content-id":"bb16adf0-99f2-4ad7-8644-881b826d5f00","version":4,"metadata":{"social-share":{"shareable":false,"title":"Nissan to bow out of historic tie-up with Honda, Nikkei says","message":"Nissan to Bow Out of Historic Tie-Up With Honda, Nikkei Says","image":{"key":"gulfnews\u002F2025-02-05\u002Fgej3babu\u002F_1x_1.jpg","url":null,"attribution":"Bloomberg","alt-text":null,"caption":"When the two announced the deal in December, Honda made it apparent that Nissan had to implement a restructuring plan in order for any transaction to materialize. 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Tuesday’s ruling, which was read out in court in less than an hour, main adjudicator repeatedly said the district court’s decision wasn’t unreasonable or erroneous.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F0be1a58b-3a15-4e9c-9437-1129ddb48ccd\u002Felement\u002F5b592194-0e37-48b1-869d-a9b01b28b577","type":"text","family-id":"6cb8b345-caee-423c-a114-4aed409960a6","title":"","id":"5b592194-0e37-48b1-869d-a9b01b28b577","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe ruling effectively preserves the status quo for Kelly, and by proxy, Ghosn, and gives Japanese authorities a way to claim some form of prosecutorial victory against the former chairman and chief executive of Nissan and Renault SA. Ghosn, who was arrested in November 2018 on accusations of underreporting compensation, has denied the charges before and after he fled Japan in late 2019, smuggled in a box for audio equipment.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F0be1a58b-3a15-4e9c-9437-1129ddb48ccd\u002Felement\u002Ff88c6de4-1b8d-4efb-8219-9006e028b7a5","type":"text","family-id":"292e60d5-642e-4d3f-8006-be7243235f01","title":"","id":"f88c6de4-1b8d-4efb-8219-9006e028b7a5","metadata":null,"subtype":null,"text":"\u003Cp\u003EProsecutors had also appealed the initial verdict, seeking to overturn the not-guilty rulings on other charges they brought against the former American executive. Yoichi Kitamura, Kelly’s lawyer, said he will appeal Tuesday’s decision to a higher court.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F0be1a58b-3a15-4e9c-9437-1129ddb48ccd\u002Felement\u002Fd62c4862-db64-4f25-9e13-9610d0f81502","type":"text","family-id":"7e26d7b9-1bd8-4d42-9097-cc80bb1e0c41","title":"","id":"d62c4862-db64-4f25-9e13-9610d0f81502","metadata":null,"subtype":null,"text":"\u003Cp\u003E“There was no explanation as to why such a result was reached,” Kitamura said of the court’s arguments. “They don’t make any sense.”\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F0be1a58b-3a15-4e9c-9437-1129ddb48ccd\u002Felement\u002F24e5ba02-12de-4e87-918e-6757bd9e8a4a","type":"text","family-id":"c2429f07-d2eb-4cd6-b005-cd58049005db","title":"","id":"24e5ba02-12de-4e87-918e-6757bd9e8a4a","metadata":null,"subtype":null,"text":"\u003Cp\u003EWhen the lower court had found Kelly guilty on one count for a single fiscal year, it cleared the American of the majority of charges for other years and gave him a suspended sentence. The proceedings, which lasted 17 months, essentially served as a substitute trial against Ghosn. Kelly left Japan after the verdict and hasn’t set foot in the country since.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F0be1a58b-3a15-4e9c-9437-1129ddb48ccd\u002Felement\u002F37e3f27d-1f37-40dd-a2a1-bd9e5435f4fe","type":"text","family-id":"038c22ab-2b7e-486b-b7b8-67a575705d47","title":"","id":"37e3f27d-1f37-40dd-a2a1-bd9e5435f4fe","metadata":null,"subtype":null,"text":"\u003Cp\u003EKelly’s lawyers had argued that he lacked any motive to overpay Ghosn and wasn’t privy to any plans, discussions or conspiracy to do so. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F0be1a58b-3a15-4e9c-9437-1129ddb48ccd\u002Felement\u002F46e2f808-e14e-4e1c-9a78-10930bd13381","type":"text","family-id":"b6eebff4-d0d8-4881-aa20-6df6eba98e91","title":"","id":"46e2f808-e14e-4e1c-9a78-10930bd13381","metadata":null,"subtype":null,"text":"\u003Cp\u003EProsecutors had asserted that Kelly should be found guilty on the other counts, saying that the testimony of Toshiaki Onuma, who ran the secretarial office for Nissan’s executives, paints a picture of a coordinated effort o hide Ghosn’s pay. Onuma, a key witness in the trial, testified for the prosecution in return for immunity.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F0be1a58b-3a15-4e9c-9437-1129ddb48ccd\u002Felement\u002Fe1d86a8e-6a01-43a5-bb6c-d9856bd5d6f5","type":"text","family-id":"0728db1f-ead4-4b3b-96f5-73fa58b1f909","title":"","id":"e1d86a8e-6a01-43a5-bb6c-d9856bd5d6f5","metadata":null,"subtype":null,"text":"\u003Cp\u003EGhosn and Kelly were arrested on the same day in November 2018, setting off a dramatic chain of events that upended Nissan’s alliance with longtime partner Renault. Nissan’s profits slumped and the score-settling fueled an exodus of other top management. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F0be1a58b-3a15-4e9c-9437-1129ddb48ccd\u002Felement\u002F53f1b9a5-a2d6-4d37-86ec-df2d44a16406","type":"text","family-id":"43efbfba-61fc-4438-b4b1-617d69aba2b5","title":"","id":"53f1b9a5-a2d6-4d37-86ec-df2d44a16406","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe turmoil left the Japanese automaker in a weaker position as it seeks to navigate an industry that’s being disrupted by electrification and autonomous driving. Nissan is now in talks with Honda Motor Co. for a combination under a holding company that would effectively bring it under control of a rival carmaker.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F0be1a58b-3a15-4e9c-9437-1129ddb48ccd\u002Felement\u002F6f32b2cd-90f8-4884-8069-3433cd903607","type":"text","family-id":"890ceb67-4486-4b2c-af18-d3d6e5cd9a5f","title":"","id":"6f32b2cd-90f8-4884-8069-3433cd903607","metadata":null,"subtype":null,"text":"\u003Cp\u003EKelly, who formerly oversaw human resources and legal affairs at Nissan, argued there wasn’t an agreement to pay Ghosn, and said there was requirement to disclose any such compensation and that his former boss was never paid. Kelly was acquitted of charges related to Ghosn’s pay before 2017 because he wasn’t aware of the unreported renumeration, the chief judge determined at his trial. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F0be1a58b-3a15-4e9c-9437-1129ddb48ccd\u002Felement\u002F4c51364e-176c-4d78-911f-2d48e0539bfc","type":"text","family-id":"455c2cd8-eaaa-40bc-a333-fc24cb85f391","title":"","id":"4c51364e-176c-4d78-911f-2d48e0539bfc","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe verdict from two years ago was a rare partial victory in a country where prosecutors win virtually all court cases. 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Tesla underperformed the overall industry and total EV sales, which were down 6.2% and 0.5%, respectively.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F5052b003-d83a-4196-88ba-7add38c6de36\u002Felement\u002Fe97b0764-5b42-407e-b860-fab778954196","type":"text","family-id":"ef03dd8a-f1ca-4fa4-9de5-538805f4f39e","title":"","id":"e97b0764-5b42-407e-b860-fab778954196","metadata":{},"subtype":null,"text":"\u003Cp\u003ETesla Chief Executive Officer Elon Musk has inserted himself in European politics to an unprecedented degree in recent months, throwing his support behind the far-right Alternative for Germany party and taking on UK Prime Minister Keir Starmer and his Labour government. It’s unclear to what degree that’s starting to take a toll on demand for the company’s cars.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F5052b003-d83a-4196-88ba-7add38c6de36\u002Felement\u002F061c6e2d-8906-4c2e-88d6-3d2aa9bcd835","type":"text","family-id":"a56ad160-6810-432c-ac11-e665fac0f729","title":"","id":"061c6e2d-8906-4c2e-88d6-3d2aa9bcd835","metadata":{},"subtype":null,"text":"\u003Cp\u003ETesla’s registrations across EU countries fell 13 per cent last year, with Germany accounting for much of the decline. \u003C\u002Fp\u003E\u003Cp\u003EThe EV maker has struggled in the country with an aging model lineup, increasing competition and the withdrawal of government subsidies in late 2023.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F5052b003-d83a-4196-88ba-7add38c6de36\u002Felement\u002Ff8c68ffd-1c3c-44aa-83e1-77082e0901a0","type":"text","family-id":"f3ba3fe3-ebbd-4cdc-9b86-ed8700806e71","title":"","id":"f8c68ffd-1c3c-44aa-83e1-77082e0901a0","metadata":{},"subtype":null,"text":"\u003Cp\u003ETesla registrations fell 41 per cent in Germany last year, while overall battery-electric vehicle sales declined 27 per cent.\u003C\u002Fp\u003E"}],"card-updated-at":1738644754817,"content-version-id":"b639fc20-beba-45e8-bec6-f4401008eef2","card-added-at":1738581604731,"status":"draft","id":"1d501c71-9f6f-465e-8524-96ad2194fd25","content-id":"1d501c71-9f6f-465e-8524-96ad2194fd25","version":4,"metadata":{"social-share":{"shareable":false,"title":"Tesla sales plunge 63% in France, the EU’s second-biggest EV market","message":"Tesla Sales Plunge 63% in France, the EU’s Second-Biggest EV Market","image":{"key":"gulfnews\u002F2025-02-03\u002Fn2k8kptw\u002F_1x_1.jpg","url":null,"attribution":null,"alt-text":null,"caption":"Tesla’s registrations across EU countries fell 13% last year","metadata":{"original-url":"https:\u002F\u002Fassets.bwbx.io\u002Fimages\u002Fusers\u002Fi4YKw4LYfAGo\u002Fikw6shUQCQJs\u002Fv0\u002FpiFq5T3pJF0qzS8rF9LjsWaQ\u002F-1x-1.jpg","width":2000,"height":1333}}},"attributes":{}}}],"url":"https:\u002F\u002Fgulfnews.com\u002Fauto\u002Fnews\u002Ftesla-sales-plunge-63-in-france-the-eu-s-second-biggest-ev-market-1.500027851","story-version-id":"1c8d9211-26c1-408b-9056-e10476c3c632","content-type":"story","content-updated-at":1738644762712,"author-id":2180993,"owner-id":2180995,"linked-story-ids":[],"access":null,"asana-project-id":null,"first-published-at":1738582162211,"hero-image-caption":"Tesla’s registrations across EU countries fell 13% last year","version":4,"story-template":"syndicated","sequence-no":null,"created-at":1738644754811,"authors":[{"slug":"bloomberg-wire","social":{},"name":"Bloomberg Wire","contributor-role":null,"avatar-url":null,"bio":null,"id":2180993,"avatar-s3-key":null,"twitter-handle":null}],"metadata":{"imported-card-is-read-only":null,"story-attributes":{"syndicatedfrom":["Wire - Bloomberg"],"syndicated-categories":null},"original-url":"https:\u002F\u002Fwww.bloomberg.com\u002Fnews\u002Farticles\u002F2025-02-03\u002Ftesla-sales-plunge-63-in-france-the-eu-s-second-biggest-ev-market","imported-card-id":"1d501c71-9f6f-465e-8524-96ad2194fd25","card-share":{"shareable":false}},"publish-at":null,"assignee-name":"Syndication"}},{"id":"5cdf6502-f67e-4caf-b3be-1464c0a40912","score":null,"type":"story","item":{"headline":["Linda Cars presents the ultimate car festival with a life-changing giveaway"]},"story":{"updated-at":1738216430349,"seo":{"meta-title":"Linda Cars presents the ultimate car festival with a life-changing giveaway","meta-description":"Get ready for an exciting car event – on February 1 and 2, used car company Linda Cars is hosting its biggest car sale festival at its flagship showroom in Al Quoz 4, Dubai. 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Don’t miss out on securing your dream car at an incredible price with no hidden costs or surprises.\u003C\u002Fp\u003E\u003Ch3\u003EWin a Chevrolet Captiva New Generation\u003C\u002Fh3\u003E\u003Cp\u003EPurchasing your dream car has never been this rewarding. Every customer who buys a car during the festival is automatically entered into a lucky draw for a chance to win a brand-new seven-seater Chevrolet Captiva New Generation. Stylish, spacious, and reliable, this SUV is perfect for families and adventure enthusiasts alike.\u003C\u002Fp\u003E\u003Ch3\u003EWhy choose Linda Cars?\u003C\u002Fh3\u003E\u003Cp\u003ETrusted quality vehicles: Linda Cars sources only the best vehicles in the UAE. Each car undergoes a meticulous 180-point inspection at its certified service centre. 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Whether you’re upgrading your ride, buying your first car, or just exploring options, Linda Cars Festival is the event you’ve been waiting for.\u003C\u002Fp\u003E\u003Cp\u003EMark your calendar and turn your dream car into reality—and maybe even win a second one for free.\u003C\u002Fp\u003E"}],"card-updated-at":1738154375780,"content-version-id":"f8f44ac2-1339-4338-a5a9-2d1147199615","card-added-at":1738154054908,"status":"draft","id":"cf5f67df-4b3b-4f17-9223-2acad31c9e2d","content-id":"cf5f67df-4b3b-4f17-9223-2acad31c9e2d","version":6,"metadata":{"social-share":{"shareable":false,"title":"Linda Cars presents the ultimate car festival with a life-changing giveaway","message":null,"image":{"key":"gulfnews\u002F2025-01-29\u002Frrczlvs5\u002F2.png","url":null,"attribution":"","caption":null,"alt-text":"Linda 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One of the key names in the UAE’s automotive retail sector, Michel Ayat has stepped down as CEO of AWR Automotive, the Dubai and northern emirates dealership for Nissan, Infiniti, and Renault, among others.\u003C\u002Fp\u003E\u003Cp\u003EAyat had been at the helm for 34 years and will continue as Board Advisor to the AWR Group.\u003C\u002Fp\u003E\u003Cp\u003EThe incoming CEO will be Tom Fux, who brings in over 25 years of experience tracking 53 markets in Europe, North and Central Asian region, spanning sales and marketing, value chain optimisation, financial services, and mobility solutions. \u003C\u002Fp\u003E\u003Cp\u003EHis previous roles include being managing director at Toyota Adria, president of Toyota Germany, founding president and CEO of Kinto Europe, and senior vice-president at Toyota Motor Europe. \u003C\u002Fp\u003E\u003Cp\u003E\"Tom Fux is a dynamic leader with a proven track record of success,” said Khalid Al Rostamani, Chairman & Group CEO of AWR Group. “His extensive international experience and deep understanding of the automotive industry will be instrumental to lead AWR Automotive into its next chapter of growth and innovation,” \u003C\u002Fp\u003E\u003Cp\u003EEstablished in 1968, AWR Automotive is the second largest automobile distributor in the UAE. \u003C\u002Fp\u003E\u003Cp\u003Eit is part of the group’s wider AWR Automotive division, which is also the authorised distributor for new UAE market entrants Chery, Zeekr, smart, and Royal Enfield. \u003C\u002Fp\u003E\u003Cp\u003E\"Michel Ayat's contributions to AWR Automotive over the last three decades are immeasurable,\" said Al Rostamani. \"His dedication and leadership have not only shaped our automotive business but have also left an indelible mark on the UAE's automotive industry.”\u003C\u002Fp\u003E"}],"card-updated-at":1738064624625,"content-version-id":"66ab79bb-2b0c-4560-9781-f379d1178683","card-added-at":1738064451243,"status":"draft","id":"a0d84635-d521-4c54-b373-139e2872d917","content-id":"a0d84635-d521-4c54-b373-139e2872d917","version":6,"metadata":{"social-share":{"shareable":false,"title":"Michel Ayat steps down as CEO of AWR Automotive","message":null,"image":{"key":"gulfnews\u002F2025-01-28\u002F2cjld5yu\u002FTom-Fux-Michael-Ayat-Combo.jpg","url":null,"attribution":"Supplied","alt-text":null,"caption":"Michel Ayat had been at the helm of AWR Automotive for 34 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Valondo"}},{"id":"91c45db9-be52-410e-9d0e-2b01e4632a8c","score":null,"type":"story","item":{"headline":["For BMW, Middle East makes up third 'strongest' growing market in 2024"]},"story":{"updated-at":1738052798082,"seo":{"claim-reviews":{"story":null}},"assignee-id":2175974,"author-name":"Gulf News Report","tags":[],"headline":"For BMW, Middle East makes up third 'strongest' growing market in 2024","storyline-id":null,"votes":{},"story-content-id":"91c45db9-be52-410e-9d0e-2b01e4632a8c","slug":"business\u002Fmarkets\u002Ffor-bmw-middle-east-makes-up-third-strongest-growing-market-in-2024-1.500024123","last-published-at":1738053000000,"public-identifier":"1.500024123","subheadline":"German luxury carmaker will also be pumped up by near 3% gain on its EV sales","alternative":{"home":{"default":{"headline":"BMW's Middle East sales take fast 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Valondo","custom-slug":null,"push-notification":null,"publisher-id":6314,"hero-image-metadata":{"mime-type":"image\u002Fjpeg","width":4000,"file-size":4164919,"file-name":"BMW-3.jpg","height":2667},"comments":null,"word-count":172,"story-features":{"push-notification":{"is-scheduled":false,"publish-at":null,"linked-with-story-fields-status":{"title":null,"message":null}}},"entities":{},"published-at":1738053000000,"embargoed-till":null,"breaking-news-linked-story-id":null,"storyline-title":null,"summary":null,"push-notification-title":null,"external-id":null,"canonical-url":null,"hero-image-hyperlink":null,"autotags":[],"linked-entities":[],"status":"published","hero-image-attribution":"Bloomberg\u002FEmily Elconin","bullet-type":"123","hero-image-alt-text":null,"id":"91c45db9-be52-410e-9d0e-2b01e4632a8c","hero-image-s3-key":"gulfnews\u002F2025-01-28\u002Fmg5lrvqi\u002FBMW-3.jpg","contributors":null,"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002F91c45db9-be52-410e-9d0e-2b01e4632a8c\u002Felement\u002F4c12e47a-a31b-4c61-b7c8-d21fdc8f0cf3","type":"text","family-id":"16e0f3ff-7106-45e8-b1a8-3bb994d17b8f","title":"","id":"4c12e47a-a31b-4c61-b7c8-d21fdc8f0cf3","metadata":{},"subtype":null,"text":"\u003Cp\u003EDubai: Electric vehicle sales for Germany’s BMW Group continues to tick along nicely in the Middle East markets in 2024. But there was quite a lot happening for the brand’s non-EV sales in these markets, with the Middle East now the ‘third-strongest growing market’ worldwide for the manufacturer. \u003C\u002Fp\u003E\u003Cp\u003EWhile unit sales break up was not provided, overall sales for BMW were higher by 15.4% from a year ago, while those of the Mini range grew 16%. When it comes to the EVs, the annual gain was more incremental, at 2.7%. \u003C\u002Fp\u003E\u003Cp\u003E“This record-breaking achievement in 2024 is a testament to the Middle East’s passion for innovation, luxury, and performance,” said Karim-Christian Haririan, Managing Director of BMW Group Middle East. \u003C\u002Fp\u003E\u003Cp\u003EAccording to auto industry sources, 2024 was a good year for new car sales in the UAE and Saudi Arabia, with buyers being particularly receptive to EV choices. The luxury end of the car market continued to maintain its own tempo, which is where the 15% year-on-year gain for BMW vehicles fit right in.\u003C\u002Fp\u003E"}],"card-updated-at":1738052756123,"content-version-id":"8f2ddc65-27d1-438a-b164-ab910e3ff1ef","card-added-at":1738052585566,"status":"draft","id":"84e5f2bd-f274-4e17-8595-60b49eeee4c0","content-id":"84e5f2bd-f274-4e17-8595-60b49eeee4c0","version":7,"metadata":{"social-share":{"shareable":false,"title":"For BMW, Middle East makes up third 'strongest' growing market in 2024","message":null,"image":{"key":"gulfnews\u002F2025-01-28\u002Fmg5lrvqi\u002FBMW-3.jpg","url":null,"attribution":"Bloomberg\u002FEmily Elconin","alt-text":null,"caption":"Luxury car sales in the Middle East continued to power along nicely in 2024 - BMW's double-digit sales offer ample evidence. And its 7-Series again did its part.","metadata":{"mime-type":"image\u002Fjpeg","width":4000,"file-size":4164919,"file-name":"BMW-3.jpg","height":2667}}},"attributes":{}}}],"url":"https:\u002F\u002Fgulfnews.com\u002Fbusiness\u002Fmarkets\u002Ffor-bmw-middle-east-makes-up-third-strongest-growing-market-in-2024-1.500024123","story-version-id":"31ff7eef-bd8a-45bf-879e-f96abbc542eb","content-type":"story","content-updated-at":1738052999510,"author-id":2123543,"owner-id":2175974,"linked-story-ids":[],"access":null,"asana-project-id":null,"first-published-at":1738053000000,"hero-image-caption":"Luxury car sales in the Middle East continued to power along nicely in 2024 - BMW's double-digit sales offer ample evidence. And its 7-Series again did its part.","version":7,"story-template":"text","sequence-no":null,"created-at":1738052756118,"authors":[{"slug":"gulf-news-report","social":{},"name":"Gulf News Report","contributor-role":null,"avatar-url":null,"bio":null,"id":2123543,"avatar-s3-key":null,"twitter-handle":null}],"metadata":{"card-share":{"shareable":false}},"publish-at":1738053000000,"assignee-name":"Cesar Valondo"}},{"id":"3ef98096-4daa-4bca-ad92-afbc6ef2160f","score":null,"type":"story","item":{"headline":["Meet EVA, India’s first solar-powered car and it costs only Dh14,000"]},"story":{"updated-at":1737956188141,"seo":{"claim-reviews":{"story":null}},"assignee-id":2165325,"author-name":"Jaya Chandran","tags":[],"headline":"Meet EVA, India’s first solar-powered car and it costs only Dh14,000","storyline-id":null,"votes":{},"story-content-id":"3ef98096-4daa-4bca-ad92-afbc6ef2160f","slug":"auto\u002Fnews\u002Fmeet-eva-indias-first-solar-powered-car-and-it-costs-only-dh14000-1.500023250","last-published-at":1737953704592,"public-identifier":"1.500023250","subheadline":"Targeting urban mobility, Vayve Mobility aims to make car ownership more accessible ","alternative":{"home":{"default":{"headline":"EVA, India’s first solar-powered car for only Dh14,000","hero-image":null}}},"sections":[{"domain-slug":null,"slug":"news","name":"auto-news","section-url":"https:\u002F\u002Fgulfnews.com\u002Fauto\u002Fnews","id":85371,"parent-id":85286,"display-name":"News","collection":{"slug":"news-auto","name":"auto-news (auto)","id":194795},"data":null},{"domain-slug":null,"slug":"india","name":"India","section-url":"https:\u002F\u002Fgulfnews.com\u002Fworld\u002Fasia\u002Findia","id":85231,"parent-id":85230,"display-name":"India","collection":{"slug":"india-asia-world","name":"India (Asia, World)","id":194655},"data":null}],"read-time":2,"access-level-value":null,"content-created-at":1737952644394,"is-embargoed":false,"owner-name":"Jaya Chandran","custom-slug":null,"push-notification":null,"publisher-id":6314,"hero-image-metadata":{"width":1057,"height":588,"mime-type":"image\u002Fjpeg","file-size":73720,"file-name":"Eva-the-car.jpg","focus-point":[456,190]},"comments":null,"word-count":279,"story-features":{"push-notification":{"is-scheduled":false,"publish-at":null,"linked-with-story-fields-status":{"title":null,"message":null}}},"entities":{},"published-at":1737953704592,"embargoed-till":null,"breaking-news-linked-story-id":null,"storyline-title":null,"last-correction-published-at":1737956189796,"summary":null,"push-notification-title":null,"external-id":null,"canonical-url":null,"hero-image-hyperlink":null,"autotags":[],"linked-entities":[],"status":"published","hero-image-attribution":"Courtesy of evayve.com","bullet-type":"123","hero-image-alt-text":null,"id":"3ef98096-4daa-4bca-ad92-afbc6ef2160f","hero-image-s3-key":"gulfnews\u002F2025-01-27\u002Fvedr39gl\u002FEva-the-car.jpg","contributors":[],"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002F3ef98096-4daa-4bca-ad92-afbc6ef2160f\u002Felement\u002F68facf8e-bcad-4627-878b-bc818a6b8f32","type":"text","family-id":"b0d61640-f70d-450f-bf65-c6b040f53681","title":"","id":"68facf8e-bcad-4627-878b-bc818a6b8f32","metadata":{},"subtype":null,"text":" \u003Cp\u003EDubai: Pune-based Vayve Mobility has launched India's first-ever solar-powered electric vehicle (EV), the Eva, at the Bharat Mobility Expo 2025 in New Delhi recently.\u003C\u002Fp\u003E\u003Cp\u003EPriced from ₹3.25 lakh (Dh14,000), the Eva boasts a sunroof that can generate approximately 1 kWh of energy daily under average Indian conditions. Bookings are now open with a token amount of ₹5,000, and deliveries are expected to commence later in 2026.\u003C\u002Fp\u003E"},{"description":"","embed-js":"PGJsb2NrcXVvdGUgY2xhc3M9InR3aXR0ZXItdHdlZXQiPjxwIGxhbmc9ImVuIiBkaXI9Imx0ciI+U21hcnQuIFNsZWVrLiBTb2xhci48YnI+MyBicmlsbGlhbnQgZmVhdHVyZXMuIDIgZGF5cyB0byBnby4gMSB1bmZvcmdldHRhYmxlIHJldmVhbCBhdCB0aGUgQmhhcmF0IE1vYmlsaXR5IEdsb2JhbMKgRXhwb8KgMjAyNSE8YnI+Ljxicj4uPGEgaHJlZj0iaHR0cHM6Ly90d2l0dGVyLmNvbS9oYXNodGFnL2JoYXJhdG1vYmlsaXR5ZXhwbzI1P3NyYz1oYXNoJmFtcDtyZWZfc3JjPXR3c3JjJTVFdGZ3Ij4jYmhhcmF0bW9iaWxpdHlleHBvMjU8L2E+IDxhIGhyZWY9Imh0dHBzOi8vdHdpdHRlci5jb20vaGFzaHRhZy92YXl2ZV9ldmE\u002Fc3JjPWhhc2gmYW1wO3JlZl9zcmM9dHdzcmMlNUV0ZnciPiN2YXl2ZV9ldmE8L2E+IDxhIGhyZWY9Imh0dHBzOi8vdHdpdHRlci5jb20vaGFzaHRhZy9ldj9zcmM9aGFzaCZhbXA7cmVmX3NyYz10d3NyYyU1RXRmdyI+I2V2PC9hPiA8YSBocmVmPSJodHRwczovL3R3aXR0ZXIuY29tL2hhc2h0YWcvc29sYXJjYXI\u002Fc3JjPWhhc2gmYW1wO3JlZl9zcmM9dHdzcmMlNUV0ZnciPiNzb2xhcmNhcjwvYT4gPGEgaHJlZj0iaHR0cHM6Ly90d2l0dGVyLmNvbS9oYXNodGFnL2NpdHljYXI\u002Fc3JjPWhhc2gmYW1wO3JlZl9zcmM9dHdzcmMlNUV0ZnciPiNjaXR5Y2FyPC9hPiA8YSBocmVmPSJodHRwczovL3QuY28vb29oWDdPc2NxcCI+cGljLnR3aXR0ZXIuY29tL29vaFg3T3NjcXA8L2E+PC9wPiZtZGFzaDsgVmF5dmUgTW9iaWxpdHkgKEBWYXl2ZU1vYmlsaXR5KSA8YSBocmVmPSJodHRwczovL3R3aXR0ZXIuY29tL1ZheXZlTW9iaWxpdHkvc3RhdHVzLzE4Nzk4NTM0Mjk0NDg5NjYyMTE\u002FcmVmX3NyYz10d3NyYyU1RXRmdyI+SmFudWFyeSAxNiwgMjAyNTwvYT48L2Jsb2NrcXVvdGU+CjxzY3JpcHQgYXN5bmMgc3JjPSJodHRwczovL3BsYXRmb3JtLnR3aXR0ZXIuY29tL3dpZGdldHMuanMiIGNoYXJzZXQ9InV0Zi04Ij48L3NjcmlwdD4KCg==","page-url":"\u002Fstory\u002F3ef98096-4daa-4bca-ad92-afbc6ef2160f\u002Felement\u002F8bd7cf2a-ccd0-4da0-aba6-ff23ac099c69","type":"jsembed","family-id":"363223c9-6ca0-4b7b-8f6f-bbfeed969d13","title":"","id":"8bd7cf2a-ccd0-4da0-aba6-ff23ac099c69","metadata":{"tweet-url":"https:\u002F\u002Ftwitter.com\u002FVayveMobility\u002Fstatus\u002F1879853429448966211","provider":"twitter","tweet-id":"1879853429448966211"},"subtype":"tweet"},{"description":"","page-url":"\u002Fstory\u002F3ef98096-4daa-4bca-ad92-afbc6ef2160f\u002Felement\u002F52b608e2-e091-47c8-b0fb-c7d2fe45d4a4","type":"text","family-id":"0b085e51-f430-4f90-b759-31e2b1fd3cdd","title":"","id":"52b608e2-e091-47c8-b0fb-c7d2fe45d4a4","metadata":{},"subtype":null,"text":" \u003Cp\u003EVayve Mobility aims to make car ownership more accessible in India, with a specific focus on Targeting urban mobility, says the company. Eva, a compact and agile city car, can seat two adults (including the driver) and a child, and is designed to navigate urban traffic with ease with its narrow body.\u003C\u002Fp\u003E\u003Cp\u003EEva is available in three variants: Nova, Stella, and Vega. All the variants offer battery pack options ranging from 9 kWh to 18 kWh, promising a range of 125-250 kilometres on a full charge. All variants feature air conditioning and come with a 3-year\u002F80,000 km warranty for the vehicle and a 5-year battery warranty.\u003C\u002Fp\u003E"},{"description":"","image-metadata":{"width":1200,"height":763,"mime-type":"image\u002Fjpeg","file-size":47592,"file-name":"Eva-Sunroof.jpg","focus-point":[524,247]},"page-url":"\u002Fstory\u002F3ef98096-4daa-4bca-ad92-afbc6ef2160f\u002Felement\u002F161090be-76ff-4edb-ae71-ca32bde6bfba","type":"image","family-id":"fff83cff-93ed-493a-a763-0148b6e7c3dc","image-attribution":"Courtesy of evayve.com","title":"The solar sunroof help add 10-12 km daily in optimum conditions, says the company.","id":"161090be-76ff-4edb-ae71-ca32bde6bfba","alt-text":"","hyperlink":null,"image-s3-key":"gulfnews\u002F2025-01-27\u002Fepnlji2i\u002FEva-Sunroof.jpg","metadata":{},"subtype":null},{"description":"","page-url":"\u002Fstory\u002F3ef98096-4daa-4bca-ad92-afbc6ef2160f\u002Felement\u002F8a30ba2b-a312-47c1-b50f-cde19b00f5a6","type":"text","family-id":"e806a485-f4a0-4058-bd8d-ee8e970fc5d5","title":"","id":"8a30ba2b-a312-47c1-b50f-cde19b00f5a6","metadata":{},"subtype":null,"text":" \u003Cp\u003EThe Nova variant includes a fast charging feature, enabling it to charge from 10% to 70% using a DC charger. The company claims a real-world range of up to 250 kilometres with moderate AC usage, with the solar panel contributing an additional 10-12 kilometres of range under suitable conditions. This means up to 3,000 km sun-powered driving per year, claims the company.\u003C\u002Fp\u003E\u003Cp\u003EIn addition to the Eva, Vayve Mobility also launched the CT5, an electric taxi designed for five passengers.\u003C\u002Fp\u003E\u003Cp\u003EBuilt on a monocoque chassis, the Eva incorporates features like over-the-air (OTA) updates, a vehicle diagnostics system, and smartphone connectivity, making it a practical and technologically advanced option for urban commuters. \u003C\u002Fp\u003E"}],"card-updated-at":1737953586937,"content-version-id":"408cb86c-179e-48d8-8109-8db3b3704ac4","card-added-at":1737952644396,"status":"draft","id":"b1ffcdde-d407-4cdd-b583-3841142d151b","content-id":"b1ffcdde-d407-4cdd-b583-3841142d151b","version":17,"metadata":{"social-share":{"shareable":false,"title":"Meet EVA, India’s first solar-powered car and it costs only Dh14,000","message":null,"image":{"key":"gulfnews\u002F2025-01-27\u002Fepnlji2i\u002FEva-Sunroof.jpg","url":null,"attribution":"Courtesy of evayve.com","caption":null,"alt-text":"","metadata":{"width":1200,"height":763,"mime-type":"image\u002Fjpeg","file-size":47592,"file-name":"Eva-Sunroof.jpg","focus-point":[524,247]}}},"attributes":{}}}],"url":"https:\u002F\u002Fgulfnews.com\u002Fauto\u002Fnews\u002Fmeet-eva-indias-first-solar-powered-car-and-it-costs-only-dh14000-1.500023250","story-version-id":"10959117-38bc-47c7-bba3-f41ea4c216d0","content-type":"story","content-updated-at":1737956189800,"author-id":2165325,"owner-id":2165325,"linked-story-ids":[],"access":null,"asana-project-id":null,"first-published-at":1737953704592,"hero-image-caption":null,"version":19,"story-template":"text","sequence-no":null,"created-at":1737956185938,"authors":[{"slug":"jaya-chandran","social":{},"name":"Jaya Chandran","contributor-role":{"id":9983,"name":"Author"},"avatar-url":null,"bio":null,"id":2165325,"avatar-s3-key":null,"twitter-handle":null}],"metadata":{"card-share":{"shareable":false}},"publish-at":null,"assignee-name":"Jaya Chandran"}},{"id":"cc85f3e5-44a0-4713-a970-96a2d995e7ea","score":null,"type":"story","item":{"headline":["India's electric car penetration to surge to 9 per cent by FY30: Nomura Report"]},"story":{"updated-at":1737801854381,"seo":{"meta-title":"India's electric car penetration to surge to 9 per cent by FY30: Nomura Report","meta-description":"The penetration of electric cars in India is projected to rise significantly, reaching 9 per cent by FY30 from the current 2 per cent, according to a report by Nomura. 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This shift is part of the country's broader transition toward sustainable and eco-friendly mobility solutions.","push-notification-title":null,"external-id":"20250125154151","canonical-url":null,"hero-image-hyperlink":null,"autotags":[],"linked-entities":[],"status":"published","hero-image-attribution":"ANI","bullet-type":"123","hero-image-alt-text":null,"id":"cc85f3e5-44a0-4713-a970-96a2d995e7ea","hero-image-s3-key":"gulfnews\u002F2025-01-25\u002Flz3uqhhs\u002FANI_20250125101110.jpg","contributors":[],"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002Fcc85f3e5-44a0-4713-a970-96a2d995e7ea\u002Felement\u002F613adfdc-0f3f-41c7-9a00-46e8f85913f6","type":"text","family-id":"9d9c571e-8ac6-4d0b-87dd-7ed16dbfd07c","title":"","id":"613adfdc-0f3f-41c7-9a00-46e8f85913f6","metadata":{},"subtype":null,"text":"\u003Cp\u003ENew Delhi: The penetration of electric cars in India is projected to rise significantly, reaching 9 per cent by FY30 from the current 2 per cent, according to a report by Nomura. This shift is part of the country's broader transition toward sustainable and eco-friendly mobility solutions.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fcc85f3e5-44a0-4713-a970-96a2d995e7ea\u002Felement\u002F203a7080-9eb1-4793-ab05-ec63fe9eedeb","type":"text","family-id":"603e652b-a873-4fba-a431-0c9d44458fce","title":"","id":"203a7080-9eb1-4793-ab05-ec63fe9eedeb","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe report highlighted that electric vehicle (EV) penetration in passenger cars has remained stagnant at around 2 per cent over the past two years.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fcc85f3e5-44a0-4713-a970-96a2d995e7ea\u002Felement\u002F813f4e66-87d6-4306-ae5a-18c87557d299","type":"text","family-id":"7cf62c9e-9dc3-47c7-8d20-4dc80fb86a54","title":"","id":"813f4e66-87d6-4306-ae5a-18c87557d299","metadata":{},"subtype":null,"text":"\u003Cp\u003EIt said \"EV penetration in cars, which has been around approx. 2 per cent over past two years, is set to increase to approx. 5 per cent\u002F9 per cent by FY27\u002FFY30F\".\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fcc85f3e5-44a0-4713-a970-96a2d995e7ea\u002Felement\u002F0038a197-5bd8-4b66-9daf-0179d4411d85","type":"text","family-id":"7aa2a59e-2c66-4738-84d5-9b7b2b96c659","title":"","id":"0038a197-5bd8-4b66-9daf-0179d4411d85","metadata":{},"subtype":null,"text":"\u003Cp\u003EHowever, it is expected to grow to 5 per cent by FY27 and further to 9 per cent by FY30. Similarly, the adoption of electric two-wheelers (2Ws) is predicted to rise from 5.8 per cent in FY25 to 10 per cent by FY27 and 20 per cent by FY30.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fcc85f3e5-44a0-4713-a970-96a2d995e7ea\u002Felement\u002F27b195ba-9da1-4376-baed-d4649ac3be0c","type":"text","family-id":"143231eb-bdc1-4666-871a-f2af14ecf595","title":"","id":"27b195ba-9da1-4376-baed-d4649ac3be0c","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe report emphasized that success in the EV segment is crucial for automakers to meet future Corporate Average Fuel Efficiency (CAFE) norms and maintain long-term competitiveness and sustainability. Companies are now focusing on developing production-ready, affordable EV models to drive adoption.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fcc85f3e5-44a0-4713-a970-96a2d995e7ea\u002Felement\u002F96e62131-7c9d-4869-b6e8-71578d5fdf61","type":"text","family-id":"a2f67ae2-782d-4aad-b3b9-19efe0f05bf7","title":"","id":"96e62131-7c9d-4869-b6e8-71578d5fdf61","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe recently concluded Bharat Mobility Expo 2025 showcased India's evolving automotive landscape, signaling a clear shift toward electric mobility. Exhibitors demonstrated a strong commitment to eco-friendly and technologically advanced vehicles, setting the stage for a greener and more connected future in Indian mobility.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fcc85f3e5-44a0-4713-a970-96a2d995e7ea\u002Felement\u002Fc8695dde-0e44-4d36-ab7f-fb7b835bb532","type":"text","family-id":"ff200829-f456-4796-bb41-6f431c6fd759","title":"","id":"c8695dde-0e44-4d36-ab7f-fb7b835bb532","metadata":{},"subtype":null,"text":"\u003Cp\u003EIt said \"As the Indian automotive market evolves, launches at recently Bharat Mobility Expo 2025 signal a dynamic shift toward eco-friendly and technologically advanced vehicles\".\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fcc85f3e5-44a0-4713-a970-96a2d995e7ea\u002Felement\u002F1e551090-fbb9-4d96-82ff-fff97a4596f6","type":"text","family-id":"c6f19470-34b1-4256-817e-604159dc0c48","title":"","id":"1e551090-fbb9-4d96-82ff-fff97a4596f6","metadata":{},"subtype":null,"text":"\u003Cp\u003EAdditionally, the Auto Component Expo underscored advancements in newer technologies such as Advanced Driver Assistance Systems (ADAS) and EV components.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fcc85f3e5-44a0-4713-a970-96a2d995e7ea\u002Felement\u002F7cf9d0cc-8e9d-422c-8d95-d72731cefb6b","type":"text","family-id":"3fdda7e2-2435-47ae-bd1e-0a346dde859b","title":"","id":"7cf9d0cc-8e9d-422c-8d95-d72731cefb6b","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe report noted that the content per vehicle is expected to increase significantly due to premium features and innovations. These include advanced lighting systems, interior plastics, touch-based switches, gear shifters, and more sensors for ADAS.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fcc85f3e5-44a0-4713-a970-96a2d995e7ea\u002Felement\u002F2cd9b883-8473-41f1-9b03-f4d52bcaf1a9","type":"text","family-id":"e6a51720-8117-430f-986a-b511478514f7","title":"","id":"2cd9b883-8473-41f1-9b03-f4d52bcaf1a9","metadata":{},"subtype":null,"text":"\u003Cp\u003EFor EVs, suppliers are focusing on integrated solutions, such as 3-in-1, 5-in-1, and 7-in-1 axles for both four-wheelers and two-wheelers. These innovations are expected to enhance efficiency and affordability, further boosting EV adoption.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fcc85f3e5-44a0-4713-a970-96a2d995e7ea\u002Felement\u002Fecbf2b8e-6829-47e5-9bf1-8efbdea32ff9","type":"text","family-id":"78ccc7b7-f012-4b7e-9089-4949dadda9ec","title":"","id":"ecbf2b8e-6829-47e5-9bf1-8efbdea32ff9","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe report highlights that India's automotive industry is gearing up for a transformative decade, with electric mobility taking center stage in shaping a sustainable future. \u003C\u002Fp\u003E"}],"card-updated-at":1737801851622,"content-version-id":"84c37406-77e7-4b90-851c-8a04517af0b1","card-added-at":1737799931409,"status":"draft","id":"5d14e069-8b5f-4dc5-a4f2-e4944d063e81","content-id":"5d14e069-8b5f-4dc5-a4f2-e4944d063e81","version":7,"metadata":{"social-share":{"shareable":false,"title":"India's electric car penetration to surge to 9 per cent by FY30: Nomura Report","message":"The penetration of electric cars in India is projected to rise significantly, reaching 9 per cent by FY30 from the current 2 per cent, according to a report by Nomura. 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","id":"90724f10-9996-4f02-8e20-e62312847ff1","alt-text":"","hyperlink":null,"image-s3-key":"gulfnews\u002F2025-01-24\u002Frrj2vkax\u002FMahindra4.jpg","metadata":{},"subtype":null},{"description":"","page-url":"\u002Fstory\u002Fb82a31ed-e92e-4d6c-981a-6271d7b31366\u002Felement\u002F28b0237d-50fa-43e2-a5b5-e8721184be1e","type":"text","family-id":"8dfbf9f4-c4c5-4088-8c8b-a1a0c0208bf0","title":"","id":"28b0237d-50fa-43e2-a5b5-e8721184be1e","metadata":{},"subtype":null,"text":" \u003Ch3\u003E\u003Cstrong\u003ERange anxiety buster\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\u003Cp\u003EThe XEV 9e marks a big step in the Mahindra's EV lineup. It has got a rugged, premium SUV vibe that could eat dirt tracks for breakfast. The 282- BHP electric motor delivers to the rear wheels, revving it up from 0 to 100 km\u002Fh in 6.8 seconds.\u003C\u002Fp\u003E\u003Cp\u003ESo, with its impressive 656-km range (WLTP) on a single charge, would that be enough to beat range anxiety?\u003C\u002Fp\u003E"},{"description":"","image-metadata":{"width":1200,"height":900,"mime-type":"image\u002Fjpeg","file-size":106620,"file-name":"Mahindra6.jpg"},"page-url":"\u002Fstory\u002Fb82a31ed-e92e-4d6c-981a-6271d7b31366\u002Felement\u002F5f1e61db-1860-42e2-be31-a9d2a9c80d02","type":"image","family-id":"f2b09af2-60ec-491b-9d15-333e6fc4e022","image-attribution":"Mahindra & Mahindra","title":"Inside the Mahindra XEV 9e: The company plans to have 20 per cent of its sports utility vehicles sales from EVs by 2027 and intends to introduce 5 more electric models by 2030.","id":"5f1e61db-1860-42e2-be31-a9d2a9c80d02","alt-text":"","hyperlink":null,"image-s3-key":"gulfnews\u002F2025-01-24\u002F4msquefr\u002FMahindra6.jpg","metadata":{},"subtype":null},{"description":"","page-url":"\u002Fstory\u002Fb82a31ed-e92e-4d6c-981a-6271d7b31366\u002Felement\u002F3556accd-3875-4b94-a574-dfa59721f7dc","type":"text","family-id":"b5c0e240-f7fc-43c9-b263-d04a4a9dff63","title":"","id":"3556accd-3875-4b94-a574-dfa59721f7dc","metadata":{},"subtype":null,"text":"\u003Ch3\u003EBattery\u003C\u002Fh3\u003E\u003Cp\u003EMahindra has worked with established industry leaders, having reportedly sourced it battery cells from China's BYD, utilising the brand's cutting-edge Blade battery technology, as per HT Auto. \u003C\u002Fp\u003E\u003Cp\u003EThe battery packs (59 kWh, with a 542-km range | 79 kWh, with a 656-km range on one charge) are developed and assembled under at the brand's state-of-the-art facility for testing batteries at the Mahindra Research Valley in Chennai, Tamil Nadu, India.\u003C\u002Fp\u003E "},{"description":"","image-metadata":{"width":800,"height":1542,"mime-type":"image\u002Fjpeg","file-size":362484,"file-name":"XEV-9e-80.jpg"},"page-url":"\u002Fstory\u002Fb82a31ed-e92e-4d6c-981a-6271d7b31366\u002Felement\u002F314accb7-887c-4e23-8590-314f00e6a5ab","type":"image","family-id":"761da56d-ee73-4bc1-987c-54aec7681bad","image-attribution":"Vijith Pulikkal | Gulf News","title":" ","id":"314accb7-887c-4e23-8590-314f00e6a5ab","alt-text":"","hyperlink":null,"image-s3-key":"gulfnews\u002F2025-01-24\u002F8kkioba3\u002FXEV-9e-80.jpg","metadata":{},"subtype":null},{"description":"","page-url":"\u002Fstory\u002Fb82a31ed-e92e-4d6c-981a-6271d7b31366\u002Felement\u002Fa84f7722-39fd-4eb1-b178-31084400b1d4","type":"text","family-id":"84fb19ba-f23a-4155-a0c7-7927781f7f88","title":"","id":"a84f7722-39fd-4eb1-b178-31084400b1d4","metadata":{},"subtype":null,"text":" \u003Ch3\u003E\u003Cstrong\u003EPerformance\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\u003Cp\u003EMahindra goes for grandeur in the interiors — a panoramic sunroof, a three-screen dashboard (why have one when you can have three?), and a sound system (Harman Kardon speakers). \u003C\u002Fp\u003E\u003Cp\u003EAble to juice up to 80% in 20 minutes (from 20%, using a 140kW DC fast charger), the XEV 9e vehicle comes with a three-screen dashboard, panoramic sunroof, Level 2 ADAS suite, wireless Apple CarPlay and Android Auto, 16-speaker Harman Kardon sound system.\u003C\u002Fp\u003E\u003Cp\u003EFor safety, it sports 7 airbags, a fatigue alert, 5-star rating in the Bharat NCAP crash tests.\u003C\u002Fp\u003E\u003Cp\u003EAnd don’t forget the spicy price point — it brings luxury without setting your wallet ablaze.\u003C\u002Fp\u003E\u003Ch3\u003E\u003Cstrong\u003EXEV 9e and BE 6e: \u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\u003Cp\u003EIn November 2024, Mahindra actually unveiled two electric SUVs: the BE 6e and XEV 9e.\u003C\u002Fp\u003E\u003Cp\u003EBoth are built on the new INGLO platform designed specifically for electric vehicles. 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Says","push-notification-title":null,"external-id":"SQKDWET0AFB400","canonical-url":null,"hero-image-hyperlink":null,"autotags":[],"linked-entities":[],"status":"published","hero-image-attribution":"Bloomberg","bullet-type":"123","hero-image-alt-text":null,"id":"9cfcbc01-398d-4990-99f5-5b62e0bb6cb0","hero-image-s3-key":"gulfnews\u002F2025-01-23\u002F6pe9dko2\u002F_1x_1.jpg","contributors":[],"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002F9cfcbc01-398d-4990-99f5-5b62e0bb6cb0\u002Felement\u002F3bad799a-5a83-4cf9-95e8-9460156f96d4","type":"text","family-id":"3088b132-1d9f-444c-9ffa-ad02a1431c81","title":"","id":"3bad799a-5a83-4cf9-95e8-9460156f96d4","metadata":{},"subtype":null,"text":"\u003Cp\u003EMitsubishi Motors Corp. won’t be a part of Honda Motor Co. and Nissan Motor Co.’s plans to combine their companies under a holding company, the Yomiuri reported.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F9cfcbc01-398d-4990-99f5-5b62e0bb6cb0\u002Felement\u002F9654eab1-dc8e-473d-9bb3-558e895dd0b6","type":"text","family-id":"b73d2524-3750-44ec-80b9-5df3e32f4b75","title":"","id":"9654eab1-dc8e-473d-9bb3-558e895dd0b6","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe smaller carmaker, which is partly owned by Nissan, will instead focus on strengthening its market share in Southeast Asia, according to the newspaper. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F9cfcbc01-398d-4990-99f5-5b62e0bb6cb0\u002Felement\u002F2c223c47-3e28-434c-b80c-995382b4f8a5","type":"text","family-id":"c6a26049-ac3e-4e10-a887-f4261307d901","title":"","id":"2c223c47-3e28-434c-b80c-995382b4f8a5","metadata":{},"subtype":null,"text":"\u003Cp\u003EMitsubishi Motors hasn’t made any announcements and is considering all options, a spokesperson for the company said Friday, adding that any communications would be made at the appropriate time. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F9cfcbc01-398d-4990-99f5-5b62e0bb6cb0\u002Felement\u002F24efe06c-64e9-4939-9d6a-bcb17a19d14f","type":"text","family-id":"6a0e62ec-f520-42ea-81de-4ec0b1e896e9","title":"","id":"24efe06c-64e9-4939-9d6a-bcb17a19d14f","metadata":{},"subtype":null,"text":"\u003Cp\u003EMitsubishi’s shares fell as much as 8.7 per cent in early Tokyo trading on Friday.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F9cfcbc01-398d-4990-99f5-5b62e0bb6cb0\u002Felement\u002F4126d8e1-df4d-46a4-861d-4a14bf9f3e4e","type":"text","family-id":"588d2d1b-8f8f-4627-9500-1a3cf05d9b60","title":"","id":"4126d8e1-df4d-46a4-861d-4a14bf9f3e4e","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe two bigger automobile manufacturers \u003Ca href=\"https:\u002F\u002Fgulfnews.com\u002Fbusiness\u002Fretail\u002Fhonda-nissan-mitsubishi-motors-aim-to-merge-in-2026-as-talks-kick-off-1.1734940811516\"\u003Eunveiled plans last month\u003C\u002Fa\u003E for a drawn-out deal that will effectively bring Nissan under Honda’s control as Japan’s automakers struggle to keep up in an increasingly competitive global car industry.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F9cfcbc01-398d-4990-99f5-5b62e0bb6cb0\u002Felement\u002Fa6eb230b-daaf-4f08-84f7-f0226205c57d","type":"text","family-id":"100df6e9-66e2-4e2f-a7a7-17410bf5319b","title":"","id":"a6eb230b-daaf-4f08-84f7-f0226205c57d","metadata":{},"subtype":null,"text":"\u003Cp\u003EThey’re planning to set up a joint holding company that will aim to list shares in August 2026. The two said they would announce a framework for ongoing negotiations in late January, then finalize terms of the deal this year before listing shares of the holding company in August 2026. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F9cfcbc01-398d-4990-99f5-5b62e0bb6cb0\u002Felement\u002F6c8ee663-401e-4818-b227-ab2724bede58","type":"text","family-id":"3fc91a1f-2b39-49c3-a824-7d413c305c2b","title":"","id":"6c8ee663-401e-4818-b227-ab2724bede58","metadata":{},"subtype":null,"text":"\u003Cp\u003EMitsubishi Motors, which is 24.5 per cent owned by Nissan, signed a preliminary agreement to explore joining the deal with Honda, saying it expects to firm up the decision, also by the end of January.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F9cfcbc01-398d-4990-99f5-5b62e0bb6cb0\u002Felement\u002Fa8fbab9d-b8be-40e7-a092-472a17a5a697","type":"text","family-id":"9ca08e62-9d53-416d-9d41-73fe51468c16","title":"","id":"a8fbab9d-b8be-40e7-a092-472a17a5a697","metadata":{},"subtype":null,"text":"\u003Cp\u003EHonda and Nissan both are having trouble contending with ascendant domestic automakers in China, which surpassed Japan as the world’s largest car-exporting nation last year and is pulling further ahead in 2024. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F9cfcbc01-398d-4990-99f5-5b62e0bb6cb0\u002Felement\u002Fed10d093-835c-40ba-9859-e72505dceaa6","type":"text","family-id":"8fbf6432-b9fa-4f9e-941a-a93593aceda7","title":"","id":"ed10d093-835c-40ba-9859-e72505dceaa6","metadata":{},"subtype":null,"text":"\u003Cp\u003ECombining Honda, Nissan and Mitsubishi Motors would create one of the world’s largest carmakers, though the group would still be smaller than Japan’s Toyota Motor Corp. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F9cfcbc01-398d-4990-99f5-5b62e0bb6cb0\u002Felement\u002F859c3674-b0c3-41fc-a04e-fde956586680","type":"text","family-id":"37eab4e7-e144-4542-97be-c85b10c0e655","title":"","id":"859c3674-b0c3-41fc-a04e-fde956586680","metadata":{},"subtype":null,"text":"\u003Cp\u003ENissan’s biggest shareholder, France’s Renault SA, acknowledged its longtime alliance partner’s announcement, saying the talks with Honda were still at an early stage. Renault, which owns 36 per cent of Nissan, also said in a statement that it will consider all options and continue executing its strategy, which includes joint projects with Nissan.\u003C\u002Fp\u003E"}],"card-updated-at":1737685288394,"content-version-id":"27b80a02-6c9b-4d4a-b2ad-e42459696482","card-added-at":1737676562281,"status":"draft","id":"498050d6-bc9d-486f-8166-81202994603f","content-id":"498050d6-bc9d-486f-8166-81202994603f","version":10,"metadata":{"social-share":{"shareable":false,"title":"Mitsubishi Motors won’t join Honda, Nissan tie-up: Yomiuri","message":"Mitsubishi Motors Won’t Join Honda, Nissan Tie-Up, Yomiuri Says","image":{"key":"gulfnews\u002F2025-01-23\u002F6pe9dko2\u002F_1x_1.jpg","url":null,"attribution":"Bloomberg","alt-text":null,"caption":"Displays at Tokyo Auto Salon","metadata":{"original-url":"https:\u002F\u002Fassets.bwbx.io\u002Fimages\u002Fusers\u002Fi4YKw4LYfAGo\u002FiG4QOfwgnRyo\u002Fv1\u002FpiFq5T3pJF0qzS8rF9LjsWaQ\u002F-1x-1.jpg","width":2000,"height":1334}}},"attributes":{}}}],"url":"https:\u002F\u002Fgulfnews.com\u002Fauto\u002Fnews\u002Fmitsubishi-motors-won-t-join-honda-nissan-tie-up-yomiuri-says-m69z2h10-1.500021825","story-version-id":"74825107-5a2c-4ad7-8da0-07e370f1ca5a","content-type":"story","content-updated-at":1737685293754,"author-id":2180993,"owner-id":2180995,"linked-story-ids":[],"access":null,"asana-project-id":null,"first-published-at":1737685293609,"hero-image-caption":"Displays at Tokyo Auto Salon","version":10,"story-template":"syndicated","sequence-no":null,"created-at":1737685288387,"authors":[{"slug":"bloomberg-wire","social":{},"name":"Bloomberg Wire","contributor-role":null,"avatar-url":null,"bio":null,"id":2180993,"avatar-s3-key":null,"twitter-handle":null}],"metadata":{"imported-card-is-read-only":null,"story-attributes":{"syndicatedfrom":["Wire - 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The Ritz-Carlton JBR in Dubai hosted a glittering event to showcase the cars to the media, influencers and enthusiasts.\u003C\u002Fp\u003E\u003Cp\u003EGreg Cottrell, Director of the Automotive Division, Al Naboodah Group, expressed his pride in the enduring partnership with GWM: “Tonight marks a significant milestone for both Al Naboodah and Great Wall Motor. The Haval H9 and H7 exemplify the very best of automotive engineering and design, perfectly suited for the UAE market. 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The H9 is a 4WD with a 7-drive mode all-terrain control system.  It has a high ground clearance of 224mm and an impressive 800mm wading depth. With the H9, GWM is targeting families with its 7-seater capacity and strong emphasis on safety.\u003C\u002Fp\u003E\u003Cp\u003EThe H9 boasts an impressive 14.6” infotainment screen that delivers crisp visuals and intuitive controls for a seamless and connected driving experience. It can wirelessly connect to devices, has a 10-speaker DTS, a 50W fast wireless charger and multiple USB ports. The driver and passenger seats come with ventilation and massage functions, while the second row of three seats offers ample legroom and the third row is more functional than before.\u003C\u002Fp\u003E"},{"description":"","image-metadata":{"width":4000,"height":2667,"mime-type":"image\u002Fjpeg","file-size":4070292,"file-name":"DSC216638.jpg"},"page-url":"\u002Fstory\u002Ffa9de8df-f746-47cd-9340-a99ff3d388cd\u002Felement\u002Fd27601a3-d6da-48c8-bad5-fe0464c77962","type":"image","family-id":"e9bec99c-cd01-4a6e-b718-77b98d7ceba3","image-attribution":"Supplied","title":"","id":"d27601a3-d6da-48c8-bad5-fe0464c77962","alt-text":"Haval 9","hyperlink":null,"image-s3-key":"gulfnews\u002F2025-01-21\u002Fmerjmsjc\u002FDSC216638.jpg","metadata":{},"subtype":null}],"card-updated-at":1737469303589,"content-version-id":"2dcf9ad1-bdeb-4e2c-8389-22e3c9c2c777","card-added-at":1737465271961,"status":"draft","id":"5d535c1f-e1b9-4e67-adaf-7ea32ee117c9","content-id":"5d535c1f-e1b9-4e67-adaf-7ea32ee117c9","version":28,"metadata":{"social-share":{"shareable":false,"title":"Newly launched Haval H9 and H7 set to conquer the UAE SUV market","message":null,"image":{"key":"gulfnews\u002F2025-01-21\u002Fmerjmsjc\u002FDSC216638.jpg","url":null,"attribution":"Supplied","caption":null,"alt-text":"Haval 9","metadata":{"width":4000,"height":2667,"mime-type":"image\u002Fjpeg","file-size":4070292,"file-name":"DSC216638.jpg"}}},"attributes":{"cardtype":["Detailed_Quote"]}}},{"story-elements":[{"description":"","page-url":"\u002Fstory\u002Ffa9de8df-f746-47cd-9340-a99ff3d388cd\u002Felement\u002Fb4585fe0-7df1-4947-a4c5-4a49f15194b4","type":"text","family-id":"75f69afe-649e-4f46-9665-28204e7b2f98","title":"","id":"b4585fe0-7df1-4947-a4c5-4a49f15194b4","metadata":{},"subtype":null,"text":"\u003Cp\u003EThis is a fantastic vehicle for families with a sense of adventure—ideal for school runs while being fully capable of heading into the desert for dune bashing.\u003C\u002Fp\u003E"}],"card-updated-at":1737466445831,"content-version-id":"b2d459ac-900d-4a57-8278-d29f75038431","card-added-at":1737465379008,"status":"draft","id":"87c09248-4c5d-4a72-ba01-ab7e6b8eebfb","content-id":"87c09248-4c5d-4a72-ba01-ab7e6b8eebfb","version":12,"metadata":{"social-share":{"shareable":false,"title":"Newly launched Haval H9 and H7 set to conquer the UAE SUV market","message":null,"image":{"key":"gulfnews\u002F2025-01-21\u002F3eds9z77\u002FPR.jpg","url":null,"attribution":"Supplied","alt-text":"GWM Haval 9 and Haval 7 launch","caption":null,"metadata":{"width":6261,"height":4174,"mime-type":"image\u002Fjpeg","file-size":4432912,"file-name":"PR.jpg","focus-point":[3224,1697]}}},"attributes":{}}},{"story-elements":[{"description":"","page-url":"\u002Fstory\u002Ffa9de8df-f746-47cd-9340-a99ff3d388cd\u002Felement\u002F78c39f13-c7bc-4983-bf3d-3abf6fcf0118","type":"text","family-id":"5a649fb0-a377-45db-9f57-9139220bcb4b","title":"","id":"78c39f13-c7bc-4983-bf3d-3abf6fcf0118","metadata":{},"subtype":null,"text":"\u003Ch3\u003E\u003Cstrong\u003EHaval H7: Style meets exploration\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\u003Cp\u003EThe second unveiling of the evening was the all-new H7 with a hardcore design style that differentiates from traditional flat waistline designs with a sectional splicing design approach. Its classic yet appealing retro round LED headlights come with a thick wall technology for brighter light dispersion. The round rear taillights match the front headlights, completing its distinctive look. 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The petrol engine delivers a high 228 HP and 380 Nm of torque. As a mid-to-large-sized 5-seater SUV, the H7 provides a spacious interior with a luxurious feel, featuring large instrument displays, a 14.6” touchscreen, a panoramic sunroof and a heads-up display. The H7 is classy and luxurious with a bit of beast mode all rolled into one. Its intelligent, electronically controlled 4WD features 9 all-terrain modes with dynamic torque distribution and millisecond response time. Amongst the myriad of driver assistance and safety features is the H7’s ability to recognise road speed limit signs and to automatically determine if the vehicle is exceeding the speed limit, thus potentially avoiding speeding tickets. \u003C\u002Fp\u003E\u003Cp\u003EGreat Wall Motor is determined to cater to a wide customer base in the region, as Sunny Bhat, Director of Sales and Marketing, explains: “GWM has been in this region for over 27 years. Initially, we started with pickups only but have since expanded our range to include SUVs and very hardcore off-road SUVs. Haval is the number one SUV brand from China with over 9 million sales globally. Today, we launched the next generation of the H9, a vehicle capable of full off-roading. We wanted to meet the needs of families—while not compromising on off-road capabilities and vehicle strength. Our vehicles are NCAP 5-star safety rated. We are technologically advanced and will continue bringing our latest technologies to the region. For instance, we offer a full range of powertrains: ICE, hybrid, plug-in hybrid and even hydrogen fuel cells. Our vision for this region is to bring high-quality, innovative technologies while prioritising our customers’ needs.” \u003C\u002Fp\u003E\u003Cp\u003EOther features to watch out for are its aviation-grade electronic gearshift lever, featuring an overall design that exudes a robust mechanical style. Its shape design fits comfortably in the palm of your hand. It also comes with 35 smart storage spaces, including a temperature-controlled centre armrest box. The H7 also supports Apple CarPlay and Android Auto, making the screen an extension of the phone.\u003C\u002Fp\u003E\u003Ch3\u003EA vision for success\u003C\u002Fh3\u003E\u003Cp\u003EProviding the best customer experience is Al Naboodah’s primary focus. To support this, it currently offers six workshops and six showrooms across the UAE to cater to its customers. Additionally, GWM operates a dedicated parts distribution centre in Jebel Ali, ensuring seamless access to vehicle parts. The Al Naboodah Group, along with its subsidiary Swaidan Trading and GWM, is building its network across the UAE, with plans to open new workshops, showrooms and distribution centres to provide enhanced support for its customers’ needs. Through these initiatives, GWM aims to dominate every segment it enters and become a key player in this highly competitive SUV market.\u003C\u002Fp\u003E\u003Cp\u003EThe introduction of the new Haval H9 and H7 marks a significant milestone in GWM’s 27-year journey in the UAE. \u003C\u002Fp\u003E\u003Cp\u003EThe H9 is available starting at Dh119,900, while the H7 starts at Dh96,900 and is available across GWM showrooms in the UAE with a six-year or 200,000km warranty, whichever comes first. \u003C\u002Fp\u003E\u003Cp\u003EVisit \u003Ca href=\"http:\u002F\u002Fwww.gwmuae.com\u002F\"\u003Ewww.gwmuae.com\u003C\u002Fa\u003E for more information.  \u003C\u002Fp\u003E"}],"card-updated-at":1737469637700,"content-version-id":"da0feda8-5763-4496-963d-7777ee43e49d","card-added-at":1737465503344,"status":"draft","id":"a03c73ef-d4d6-48aa-8725-1e6beba5f033","content-id":"a03c73ef-d4d6-48aa-8725-1e6beba5f033","version":11,"metadata":{"social-share":{"shareable":false,"title":"Newly launched Haval H9 and H7 set to conquer the UAE SUV market","message":null,"image":{"key":"gulfnews\u002F2025-01-21\u002F3eds9z77\u002FPR.jpg","url":null,"attribution":"Supplied","alt-text":"GWM Haval 9 and Haval 7 launch","caption":null,"metadata":{"width":6261,"height":4174,"mime-type":"image\u002Fjpeg","file-size":4432912,"file-name":"PR.jpg","focus-point":[3224,1697]}}},"attributes":{}}}],"url":"https:\u002F\u002Fgulfnews.com\u002Fauto\u002Fnewly-launched-haval-h9-and-h7-set-to-conquer-the-uae-suv-market-1.500020105","story-version-id":"01bd8552-0c50-46d7-a419-d3aad713a5ef","content-type":"story","content-updated-at":1737514499846,"author-id":2201275,"owner-id":2177449,"linked-story-ids":[],"access":null,"asana-project-id":null,"first-published-at":1737514500000,"hero-image-caption":null,"version":37,"story-template":"gn-reach","sequence-no":null,"created-at":1737469637694,"authors":[{"slug":"by-emma-brain-special-to-reach-by-gulf-news","social":{},"name":"By Emma Brain | Special to Reach by Gulf News","contributor-role":null,"avatar-url":null,"bio":null,"id":2201275,"avatar-s3-key":null,"twitter-handle":null}],"metadata":{"story-attributes":{"label":["PARTNER CONTENT"],"brandname":["Al Naboodah Group"],"noads":["true"],"layout":["Image_First"]},"card-share":{"shareable":false}},"publish-at":1737514500000,"assignee-name":"Priya Mathew"}},{"id":"2294c9c0-3431-46b7-8ff9-9cb02a41bac2","score":null,"type":"story","item":{"headline":["EXEED ET REEV 4WD conquers 37.82° snow slope challenge; shatters Audi's record "]},"story":{"updated-at":1737114082218,"seo":{"meta-title":"EXEED ET REEV 4WD conquers 37.82° snow slope challenge; shatters Audi's record ","meta-description":"On December 19, EXEED ET successfully accomplished the world's first 37.82 degrees snow slope challenge at the skiing venue of the Beijing Winter Olympic Games.\n\nFor a family SUV, climbing a 37.82 degrees slope is unimaginable due to its daunting difficulty level. 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Immediately after the starting gun was fired, the vast Big Air Ski Jump, which had been bustling with noise, fell into a sudden silence, as if time had been frozen by the ice and snow. \u003C\u002Fp\u003E\u003Cp\u003EAfter a brief moment of silence, the new EXEED ET Extended-Range 4WD emerged like a bolt of lightning, breaking through the ice. The rapidly spinning wheels continuously churned up the snow, and in just a few seconds, it left two tracks as it charged to the top of the slope, smoothly coming to a stop at the finish line. In an instant, the dust settled, and the scene erupted into enthusiastic cheers. 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Tesla has flipped the script with the release of its updated Model Y —  its superstar electric car — in China and across Asia on January 10. \u003C\u002Fp\u003E\u003Cp\u003EThe automaker is banking on a sleeker design, fancy upgrades, and a pinch of Cybertruck-inspired flair to outshine local heavyweights BYD and Xiaomi.\u003C\u002Fp\u003E\u003Cp\u003E\u003Cstrong\u003ELaunch Series\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EThe latest Model Y iteration, dubbed as the “Launch Series”, comes with subtle upgrades —  \u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003EA rear screen\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ETailgate that automatically opens when you approach the vehicle\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EInvisible speakers that create a minimalist aesthetic (and maximum audio performance)\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ERefined interiors with wrap-around interior 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sleeker design, fancy upgrades, and a pinch of Cybertruck-inspired flair to outshine local heavyweights BYD and Xiaomi.","id":"b1679d6e-b6cb-49b6-8ad3-41528c2bbae1","alt-text":"","hyperlink":"","image-s3-key":"gulfnews\u002F2025-01-10\u002Fbvq6mnte\u002FTesla-Model-Y-Launch-Series","metadata":{},"subtype":null},{"description":"","image-metadata":{"width":983,"height":415,"mime-type":"image\u002Fjpeg","file-size":31130,"file-name":"Model-Y-2.jpeg"},"type":"image","family-id":"291f2f2c-9843-4784-8637-6a2a6c3328d0","image-attribution":"Tesla","title":"The latest Model Y iteration, “Launch Series”, comes with subtle 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We call it as the new Tesla Model Y Launch Series,” a Tesla Manila staff said on Friday.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7c1fba73-c39d-4a61-b640-f4b063025333\u002Felement\u002F0d8f6bf7-838a-41bf-b064-9f986efef16d","type":"text","family-id":"ac1a85fa-3de5-4628-ae9b-740f18757422","title":"","id":"0d8f6bf7-838a-41bf-b064-9f986efef16d","metadata":{},"subtype":null,"text":" \u003Cp\u003E\u003Cstrong\u003ETesla vs. rivals \u003Cbr\u003E\u003C\u002Fstrong\u003E\u003Cbr\u003ESure, the Model Y was 2023’s global EV darling, but it hit a sales slump last year, as Chinese EV maker stole the thunder from Elon Musk’s team.\u003C\u002Fp\u003E\u003Cp\u003EBYD now reigns as China’s top dog, while newcomer Xiaomi, known as a phone maker, dazzled with 130,000 units of its SU7, its first EV model.\u003C\u002Fp\u003E\u003Cp\u003ETheir SUV sequel, YU7, drops this summer, setting the stage for a no-holds-barred clash.\u003C\u002Fp\u003E"},{"description":"","image-metadata":{"mime-type":"image\u002Fjpeg","width":720,"file-size":78436,"file-name":"Manila-Tesla.jpeg","height":1600},"page-url":"\u002Fstory\u002F7c1fba73-c39d-4a61-b640-f4b063025333\u002Felement\u002Fee92f66a-0a75-4226-b0ff-717db798ea60","type":"image","family-id":"f77ab585-8503-47c3-b8cb-4c39834ec27e","image-attribution":"Screengrab","title":"Tesla has unveiled its latest Model Y iteration, the \"Launch Series\" in Asia, with deliveries in China starting in March, and elsewhere in region (including Manila) starting April. The Model Y, Tesla's most popular model, has outsold the RAV 4 and Corolla.","id":"ee92f66a-0a75-4226-b0ff-717db798ea60","alt-text":"","hyperlink":null,"image-s3-key":"gulfnews\u002F2025-01-10\u002Fgwnk6tdy\u002FManila-Tesla.jpeg","metadata":{},"subtype":null},{"description":"","page-url":"\u002Fstory\u002F7c1fba73-c39d-4a61-b640-f4b063025333\u002Felement\u002F71c36d41-f4f0-4480-bf5d-02d19063eac5","type":"text","family-id":"684bf54b-7a04-4d16-8ed5-7ed6aeb1581e","title":"","id":"71c36d41-f4f0-4480-bf5d-02d19063eac5","metadata":{},"subtype":null,"text":" \u003Cp\u003E\u003Cstrong\u003ETesla’s counter? \u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EA surprise six-seat Model Y due later this year, rumour says. Can Elon’s team light the fuse for a comeback? \u003C\u002Fp\u003E\u003Cp\u003EThe plot is only starting to thicken.\u003C\u002Fp\u003E"},{"description":"","embed-js":"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","page-url":"\u002Fstory\u002F7c1fba73-c39d-4a61-b640-f4b063025333\u002Felement\u002Fd5f7d959-3078-4fa2-b629-1d8822eb64d6","type":"jsembed","family-id":"df65182b-874b-4449-a871-05eddcf0c88b","title":"","id":"d5f7d959-3078-4fa2-b629-1d8822eb64d6","metadata":{"tweet-url":"https:\u002F\u002Ftwitter.com\u002Fniccruzpatane\u002Fstatus\u002F1877557965042950566","provider":"twitter","tweet-id":"1877557965042950566"},"subtype":"tweet"}],"card-updated-at":1736507034046,"content-version-id":"ff307373-f2eb-4eb7-aba0-470ebfb35162","card-added-at":1736499855181,"status":"draft","id":"ca558e83-2177-47c2-baa2-e98c49dbb0a3","content-id":"ca558e83-2177-47c2-baa2-e98c49dbb0a3","version":19,"metadata":{"social-share":{"shareable":false,"title":"Tesla unveils new Model Y Launch Series, ‘Juniper is not true’","message":null,"image":{"key":"gulfnews\u002F2025-01-10\u002Fgwnk6tdy\u002FManila-Tesla.jpeg","url":null,"attribution":"Screengrab","caption":null,"alt-text":"","metadata":{"mime-type":"image\u002Fjpeg","width":720,"file-size":78436,"file-name":"Manila-Tesla.jpeg","height":1600}}},"attributes":{}}}],"url":"https:\u002F\u002Fgulfnews.com\u002Fauto\u002Ftesla-unveils-new-model-y-launch-series-juniper-is-not-true-1.500013736","story-version-id":"0d9e76fd-f503-4d58-b912-74b889ab54eb","content-type":"story","content-updated-at":1736507039355,"author-id":2183048,"owner-id":2183048,"linked-story-ids":[],"access":null,"asana-project-id":null,"first-published-at":1736500299787,"hero-image-caption":"The latest iteration of the Tesla Model Y, the world's best-selling car in 2023 and 2024.","version":23,"story-template":"text","sequence-no":null,"created-at":1736507034036,"authors":[{"slug":"jay-hilotin-2","social":{},"name":"Jay Hilotin","contributor-role":null,"avatar-url":null,"bio":null,"id":2183048,"avatar-s3-key":null,"twitter-handle":null}],"metadata":{"card-share":{"shareable":false}},"publish-at":null,"assignee-name":"Jay Hilotin"}},{"id":"7b1de0c9-93cc-4109-b716-96719ab771ba","score":null,"type":"story","item":{"headline":["BMW sparks up EV sales: i5 charges ahead with 310% surge"]},"story":{"updated-at":1736406001425,"seo":{"claim-reviews":{"story":null}},"assignee-id":2183048,"author-name":"Jay Hilotin","tags":[],"headline":"BMW sparks up EV sales: i5 charges ahead with 310% surge","storyline-id":null,"votes":{},"story-content-id":"7b1de0c9-93cc-4109-b716-96719ab771ba","slug":"auto\u002Fnews\u002Fbmw-ev-sales-up-123-in-2024-as-i5-clocks-up-310-spike-1.500013032","last-published-at":1736405822837,"public-identifier":"1.500013032","subheadline":"German powerhouse is electrifying fast, cracking self-driving tech code remains tough","alternative":{"home":{"default":{"headline":"BMW hits accelerator, with 310% spike in i5 sales ","hero-image":{"member-id":2183048,"hero-image-extracted-data":null,"index":1,"uploaded-at":1736405564933,"hero-image-metadata":{"width":750,"height":563},"source":null,"hero-image-attribution":"Bloomberg","hero-image-alt-text":"Stock - 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BMW","id":"7b1de0c9-93cc-4109-b716-96719ab771ba","hero-image-s3-key":"gulfnews\u002Fimport\u002F2022\u002F12\u002F27\u002FStock---BMW_18553df6ae6_large.jpg","contributors":[],"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002F9d66ea43-6f07-4336-8d69-67e5a04dde89","type":"text","family-id":"2413ce13-59c4-4efe-b3db-90fdd45559f8","title":"","id":"9d66ea43-6f07-4336-8d69-67e5a04dde89","metadata":{},"subtype":null,"text":"\u003Cp\u003EBMW’s electric vehicle (EV) lineup had a turbocharged 2024, clocking 50,981 battery electric vehicle (BEV) sales — a zippy 12.3 per cent boost from the previous year, and a whopping 310 per cent spike in BMW i5 sales.\u003C\u002Fp\u003E\u003Cp\u003EThrow in plug-in hybrids, and electrified models hit 70,379 units, snagging 19 per cent of the German automaker's total sales. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002Fa78e4938-3820-430e-9613-b89018e3ced1","type":"text","family-id":"81d47f9b-77b6-4927-9dd0-33b9695ea388","title":"","id":"a78e4938-3820-430e-9613-b89018e3ced1","metadata":{},"subtype":null,"text":"\u003Cp\u003E\u003Cstrong\u003E310% spike in BMW i5 sales\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EThe stars of the lineup? \u003C\u002Fp\u003E\u003Cp\u003E\u003Cem\u003ELet’s take a spin through the highlights:\u003C\u002Fem\u003E\u003C\u002Fp\u003E\u003Cp\u003E \u003Cstrong\u003Ei4\u003C\u002Fstrong\u003E: With 23,403 units cruising into owners’ garages, the i4 stayed on top, posting a 3.6 per cent gain. \u003C\u002Fp\u003E\u003Cp\u003E\u003Cstrong\u003Ei5\u003C\u002Fstrong\u003E: In its first full season, the i5 roared onto the scene with 8,763 units sold— a jaw-dropping 310.8 per cent growth. This one’s charging straight to the fast lane.\u003C\u002Fp\u003E\u003Cp\u003E\u003Cstrong\u003EiX\u003C\u002Fstrong\u003E: This luxe cruiser faced tough roads. The iX moved 15,383 units, a dip of 11.1 per cent as rivals turned up the heat. It’s holding its ground, but the competition is fierce in the luxury EV market.\u003C\u002Fp\u003E\u003Cp\u003E\u003Cstrong\u003Ei7\u003C\u002Fstrong\u003E: Electric elegance: The flagship sedan wooed 3,431 buyers with its refined charm. It's modest 0.9 per cent climb shows it’s weathering a Q4 slowdown gracefully.\u003C\u002Fp\u003E"},{"description":"","image-metadata":{"width":1200,"height":800,"mime-type":"image\u002Fjpeg","file-size":129909,"file-name":"BMW-EVS.jpg"},"page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002F99c6230b-79fe-4b75-91fc-c44944094fd9","type":"image","family-id":"46b28584-c5e0-45d2-809b-4e7e16894a03","image-attribution":"BMW","title":"BMW is hitting the accelerator in the EV race, blending innovation with style. ","id":"99c6230b-79fe-4b75-91fc-c44944094fd9","alt-text":"","hyperlink":null,"image-s3-key":"gulfnews\u002F2025-01-09\u002Fiawg876x\u002FBMW-EVS.jpg","metadata":{},"subtype":null},{"description":"","page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002Fe49b7b9c-fddf-4789-a0f5-92c19ed8842d","type":"text","family-id":"45befbe5-cdc1-41b9-bfa9-fe873a544f98","title":"","id":"e49b7b9c-fddf-4789-a0f5-92c19ed8842d","metadata":{},"subtype":null,"text":"\u003Cp\u003EIn the first nine months of 2024, BMW recorded a stunning 19.1 per cent surge in battery electric vehicle (BEV) sales, delivering a remarkable 294,054 fully electric models until September. \u003C\u002Fp\u003E\u003Cp\u003EThis was part of a strong year for BMW, with total US sales reaching 371,346 vehicles, a 2.5 per cent increase.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002F605f6b37-4477-46f7-acbe-6f92f777f698","type":"text","family-id":"62038416-a747-41f5-a573-36bf007aa6dd","title":"","id":"605f6b37-4477-46f7-acbe-6f92f777f698","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe BMW brand itself powered through with a 22.6 per cent rise, reaching 266,151 units, while its MINI counterpart delivered an electrifying performance with a 54.3 per cent leap in Q3 BEV sales, contributing 16,536 units.\u003C\u002Fp\u003E\u003Cp\u003EBut the road hasn’t been without its twists.\u003C\u002Fp\u003E\u003Cp\u003EThe overall BMW Group saw a 4.5 per cent dip in global deliveries, hampered by Integrated Braking System (IBS) delivery stoppages and softer demand in China.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002F45a61c87-cee9-41b9-83af-734d9737e75b","type":"text","family-id":"72dec069-5c77-4e00-a5b2-f7ce4c0274f8","title":"","id":"45a61c87-cee9-41b9-83af-734d9737e75b","metadata":{},"subtype":null,"text":"\u003Cp\u003E\u003Cstrong\u003ESales up in Europe, US up\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EYet, BMW’s resilience shines in Europe, where it achieved a 7.6 per cent sales increase, cementing its dominance in the region. \u003C\u002Fp\u003E\u003Cp\u003EThe US market, though stable, reflects the company’s steady foothold in North America.\u003C\u002Fp\u003E\u003Cp\u003EIn the fourth quarter of 2024, BMW sales in the US hit 117,506 vehicles, a 8.9 per cent rise from the 107,881 vehicles sold in the Q4 2023. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002F3b7e914e-c008-4eb8-9ad1-10bba5bbd726","type":"text","family-id":"a3cfc439-68ce-48a0-8ac7-475be96f2a19","title":"","id":"3b7e914e-c008-4eb8-9ad1-10bba5bbd726","metadata":{},"subtype":null,"text":"\u003Cp\u003E\u003Cstrong\u003EShifting gears\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002Fde2871b2-643a-47e6-903d-1f3f14301a36","type":"text","family-id":"7bf67f2c-ae36-4d0b-8377-61b760ca59d7","title":"","id":"de2871b2-643a-47e6-903d-1f3f14301a36","metadata":{},"subtype":null,"text":" \u003Cp\u003EWhile the numbers show the company’s superior qualities in key metrics such as driving feel and car handling dynamics, it may not last long.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002F3c8d8b1d-5ee3-412e-9793-04e4419730fd","type":"text","family-id":"493ed843-dbe5-4549-a63e-e287234695f3","title":"","id":"3c8d8b1d-5ee3-412e-9793-04e4419730fd","metadata":{},"subtype":null,"text":"\u003Cp\u003EBehind the scenes, BMW faces a high-stakes challenge in the race to master full self-driving (FSD) software, a field dominated by fierce competitors.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002F31ab9fba-bf38-4478-a8d7-489bc4d05f05","type":"text","family-id":"21a7639b-b065-4175-a4aa-c5116af94cc0","title":"","id":"31ab9fba-bf38-4478-a8d7-489bc4d05f05","metadata":{},"subtype":null,"text":"\u003Cp\u003EAs the industry shifts gears toward autonomous mobility, BMW’s ability to blend precision engineering with cutting-edge, software-driven innovation will determine whether it can outpace rivals.\u003C\u002Fp\u003E\u003Cp\u003EBMW stands at the crossroads: Its future depends not just on selling compelling cars but on conquering the formidable frontier of autonomous driving — a race where the stakes couldn’t be higher.\u003C\u002Fp\u003E\u003Cp\u003EBMW has a big -icture challenge, amid an industry facing disruptive innovations driven by AI.\u003C\u002Fp\u003E\u003Cp\u003EThat could mean going beyond competition, via collaborations in order to create greater value and future-proof the company.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002Fec9bc18c-ccc7-425a-9d90-041ed94b0dc6","type":"text","family-id":"094eb517-9fc2-42ce-8a92-547c40ddb4c3","title":"","id":"ec9bc18c-ccc7-425a-9d90-041ed94b0dc6","metadata":{},"subtype":null,"text":"\u003Ch3\u003EAutomation\u003C\u002Fh3\u003E\u003Cp\u003EBMW offers advanced driver-assistance systems (ADAS) that currently reach Level 2+ autonomy, which includes features such as:\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003ELane-keeping assistance\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EAdaptive cruise control with stop-and-go functionality\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EAutomated parking systems, and\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ETraffic jam assist.\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003EThese systems require the driver's hands on the wheel and full attention, making them a support system rather than true autonomy.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002F94c7a262-5cac-4936-b26e-e674855984ec","type":"text","family-id":"ca6e671b-4c43-4bbc-a763-8804e7b448b2","title":"","id":"94c7a262-5cac-4936-b26e-e674855984ec","metadata":{},"subtype":null,"text":"\u003Ch3\u003E\u003Cstrong\u003EPartnerships\u003C\u002Fstrong\u003E\u003C\u002Fh3\u003E\u003Cp\u003EBMW iNEXT: Launched in 2021, the iX SUV introduced enhanced autonomous features.\u003C\u002Fp\u003E\u003Cp\u003ECollaborations: BMW teamed up with Intel, Mobileye, and others to develop autonomous systems, particularly aiming for Level 4 capabilities.\u003C\u002Fp\u003E\u003Cp\u003EIn 2019, BMW joined forces with Daimler (Mercedes-Benz) in a partnership to co-develop autonomous technology. This cooperation was later paused in 2020 due to strategic changes.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002Fc6332a07-ad25-4cbe-8045-01d8a402d599","type":"text","family-id":"817defd5-ed62-4c87-b7d9-4f2440e1401f","title":"","id":"c6332a07-ad25-4cbe-8045-01d8a402d599","metadata":{},"subtype":null,"text":"\u003Cp\u003E\u003Cstrong\u003EChallenges\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EBMW had ambitious plans for a Level 3 autonomous system by 2021 but faced setbacks in development and regulatory hurdles.\u003C\u002Fp\u003E\u003Cp\u003ELike many legacy automakers, BMW struggles to match the speed and software-first approach of tech-driven rivals.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002Fa02f3803-97c2-4554-9280-d454fcfde4db","type":"text","family-id":"7ba9c4c4-3983-4f73-af4d-6507ff861627","title":"","id":"a02f3803-97c2-4554-9280-d454fcfde4db","metadata":{},"subtype":null,"text":"\u003Cp\u003E\u003Cstrong\u003ECurrent status\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003EThe most advanced feature, Highway Assist, is rolling out in newer models like the BMW 7 Series.\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ELevel 3 automation has been discussed for limited releases, but it is still far from mass adoption, largely due to regulations and the high complexity of urban driving.\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002Fac97f405-ef0d-4c17-a837-128631842fc8","type":"text","family-id":"bfd80103-7394-446f-8bb0-8ca4c49dde0d","title":"","id":"ac97f405-ef0d-4c17-a837-128631842fc8","metadata":{},"subtype":null,"text":"\u003Cp\u003EIn an era of strategic openness, where technology serves human progress instead of simply going by old-school metrics, legacy automakers like BMW face the challenge of reinventing their identities.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F7b1de0c9-93cc-4109-b716-96719ab771ba\u002Felement\u002Fc7bff611-4901-4839-b918-d70fb92972f4","type":"text","family-id":"a1ac0719-04e7-4211-9dde-e554d38f76e5","title":"","id":"c7bff611-4901-4839-b918-d70fb92972f4","metadata":{},"subtype":null,"text":"\u003Cp\u003EThat could mean aligning their operations and teams with rapidly-evolving consumer demands, EV mandates, and tech innovations, all while overcoming the weight of entrenched supply chains, regulatory scrutiny, and the growing threat from agile, tech-driven competitors like Tesla and BYD\u003C\u002Fp\u003E"}],"card-updated-at":1736405817138,"content-version-id":"b10c7c75-d59d-40ad-a027-c3f23672519a","card-added-at":1736403204383,"status":"draft","id":"404b4d58-882a-45fe-9f17-2d03c3fad03a","content-id":"404b4d58-882a-45fe-9f17-2d03c3fad03a","version":41,"metadata":{"social-share":{"shareable":false,"title":"BMW sparks up EV sales: i5 charges ahead with 310% 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$31,000?","hero-image":{"member-id":2118564,"hero-image-extracted-data":null,"index":3,"uploaded-at":1731863760508,"hero-image-metadata":{"width":750,"height":563},"source":null,"hero-image-attribution":"Bloomberg","hero-image-alt-text":"auto tesla","hero-image-s3-key":"gulfnews\u002Fimport\u002F2021\u002F05\u002F09\u002Fauto-tesla_17950ae45fa_large.jpg","creator-id":null,"hero-image-caption":"A Tesla Model Y on display at the Shanghai auto show. Tesla found itself in the headlines for all the wrong reasons last month in China after a highly public protest at the Shanghai Auto Show went viral. ","extracted-data":null,"hero-image-url":"https:\u002F\u002Fmedia.assettype.com\u002Fgulfnews\u002Fimport\u002F2021\u002F05\u002F09\u002Fauto-tesla_17950ae45fa_large.jpg","temporary-hero-image-key":null}}},"home":{"default":{"headline":"Tesla Model Y 'Juniper', from $31,490: Time to buy?","hero-image":{"member-id":2118564,"hero-image-extracted-data":null,"index":4,"uploaded-at":1731992312820,"hero-image-metadata":{"width":750,"height":563},"source":null,"hero-image-attribution":"Bloomberg","hero-image-alt-text":"20240421 model Y","hero-image-s3-key":"gulfnews\u002Fimport\u002F2024\u002F04\u002F21\u002F20240421-model-Y_18efe987d20_large.jpg","creator-id":null,"hero-image-caption":"On Tesla's website, the current Model Ys are listed from $31,490 to $37,990, after taking advantage of federal tax 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Hilotin","custom-slug":null,"push-notification":null,"publisher-id":6314,"hero-image-metadata":{"width":1200,"height":900,"mime-type":"image\u002Fjpeg","file-size":248888,"file-name":"Model-Y-Juniper.jpg"},"comments":null,"word-count":739,"story-features":{"push-notification":{"is-scheduled":false,"publish-at":null}},"entities":{},"published-at":1736316807237,"embargoed-till":null,"breaking-news-linked-story-id":null,"storyline-title":null,"last-correction-published-at":1736337879104,"summary":null,"push-notification-title":null,"external-id":null,"canonical-url":null,"hero-image-hyperlink":null,"autotags":[],"linked-entities":[],"status":"published","hero-image-attribution":"JacklJack | Reddit","bullet-type":"123","hero-image-alt-text":"Tesla Model Y Juniper from $31,490: Time to book one?","id":"bd0b6d11-a5e8-45b5-9715-135ee082c4a4","hero-image-s3-key":"gulfnews\u002F2025-01-08\u002Fgdcepdkz\u002FModel-Y-Juniper.jpg","contributors":[],"cards":[{"story-elements":[{"description":"","page-url":"\u002Fstory\u002Fbd0b6d11-a5e8-45b5-9715-135ee082c4a4\u002Felement\u002F08fd7035-e5d2-4773-bea6-42a6e4976504","type":"text","family-id":"6d9194dd-0913-4f0f-80e4-62bbef9ce841","title":"","id":"08fd7035-e5d2-4773-bea6-42a6e4976504","metadata":{},"subtype":null,"text":"\u003Cp\u003ESo a Tesla Model Y refresh for 2025 is (almost) here.\u003C\u002Fp\u003E\u003Cp\u003EAnd it has never been cheaper, only under $31,500.\u003C\u002Fp\u003E\u003Cp\u003EWhat’s going on with Tesla’s most popular electric crossover? \u003C\u002Fp\u003E\u003Cp\u003EThe new Model Y iteration, codenamed \"Juniper\", is turning heads. \u003C\u002Fp\u003E\u003Cp\u003EWith a jaw-dropping price tag of under $31,490, Tesla is rewriting the rules on affordable luxury EVs. \u003C\u002Fp\u003E\u003Cp\u003EBut don’t be fooled – this isn’t just about cost-cutting. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fbd0b6d11-a5e8-45b5-9715-135ee082c4a4\u002Felement\u002Fe5874f03-d6a1-4511-82bc-8fdbbf98fa53","type":"text","family-id":"eea04b49-88c9-4fb6-a83a-b3f957217835","title":"","id":"e5874f03-d6a1-4511-82bc-8fdbbf98fa53","metadata":{},"subtype":null,"text":"\u003Cp\u003E\u003Cstrong\u003EPrice down, specs up\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EWhat’s driving the price down while upgrading the specs? \u003C\u002Fp\u003E\u003Cp\u003EAnd how does this new Model Y stack up against competitors at this price point? \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fbd0b6d11-a5e8-45b5-9715-135ee082c4a4\u002Felement\u002Fdb535614-833d-48fb-ace6-82cc4ce40df3","type":"text","family-id":"3468a2ed-a08d-4b05-a6ea-c33d9a60f54c","title":"","id":"db535614-833d-48fb-ace6-82cc4ce40df3","metadata":{},"subtype":null,"text":"\u003Cp\u003E\u003Cstrong\u003ESpecs-up-price-down\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EThe specs-up-price-down move forms part of what economists calls a price juggernaut – which Tesla is using to the hilt, in an effort to lead the EV with innovations and unbeatable prices.\u003C\u002Fp\u003E\u003Cp\u003EResult: a more exciting run for EVs (and greater affordability). \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fbd0b6d11-a5e8-45b5-9715-135ee082c4a4\u002Felement\u002F18e8e1d2-2fcb-403d-9f10-44098c2d2f7d","type":"text","family-id":"900136ed-751a-492e-9187-fa37df102cd4","title":"","id":"18e8e1d2-2fcb-403d-9f10-44098c2d2f7d","metadata":{"content":"So, regarding the vehicle business, we are still on track to deliver more affordable models starting in the first half of 2025","attribution":"Elon Musk, Tesla CEO"},"subtype":"blockquote","text":"\u003Cdiv\u003E\u003Cblockquote\u003ESo, regarding the vehicle business, we are still on track to deliver more affordable models starting in the first half of 2025\u003C\u002Fblockquote\u003E\u003Cspan class=\"attribution\"\u003EElon Musk, Tesla CEO\u003C\u002Fspan\u003E\u003C\u002Fdiv\u003E"},{"description":"","page-url":"\u002Fstory\u002Fbd0b6d11-a5e8-45b5-9715-135ee082c4a4\u002Felement\u002F22f4ec11-c6b2-48e8-8bee-810f3c12be00","type":"text","family-id":"32ca2e13-f620-4f4d-8dee-3827549de9d8","title":"","id":"22f4ec11-c6b2-48e8-8bee-810f3c12be00","metadata":{},"subtype":null,"text":"\u003Cp\u003E\u003Cem\u003E\u003Cstrong\u003EJuniper features: What we know\u003C\u002Fstrong\u003E\u003C\u002Fem\u003E\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fbd0b6d11-a5e8-45b5-9715-135ee082c4a4\u002Felement\u002Ff634ef45-7b56-4354-84de-e63cd1412c83","type":"text","family-id":"78f74552-13a7-43f9-9187-894350e7db18","title":"","id":"f634ef45-7b56-4354-84de-e63cd1412c83","metadata":{},"subtype":null,"text":"\u003Cp\u003E\u003Cbr\u003EIncluded in the refresh is improved self-driving tech, and cheaper price. What we know so far:\u003Cbr\u003E\u003C\u002Fp\u003E\u003Cp\u003E\u003Cstrong\u003EExterior design tweaks\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003EFront hood and fascia: More refined lines and potentially a sharper, sleeker design.\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003ELighting updates: The Juniper is rumored to adopt a split front headlight and fog light setup, modernizing its look compared to the thinner headlights of the Model 3. The rear may feature a full-width, thin taillight, evoking the futuristic design seen in Tesla’s Robotaxi concept.\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003E\u003Cstrong\u003EAerodynamic enhancements\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003EExpect improvements to the car's aerodynamic efficiency, possibly including revised body contours and redesigned underbody elements for better performance and range.\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003E\u003Cstrong\u003EInterior overhaul\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003EMaterial quality: Tesla may raise the bar on interior materials, taking cues from the Model 3's transformation with higher-end finishes.\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003Cli\u003E\u003Cp\u003EComfort and technology: The cabin could receive updated seating, advanced infotainment, and additional features aimed at improving both comfort and convenience for passengers.\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003E\u003Cstrong\u003EQuieter ride\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003EFollowing the improvements made to the Model 3’s interior noise reduction, Model Y Juniper is expected to come with further soundproofing and a quieter cabin.\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003E\u003Cstrong\u003EImproved suspension\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003EWhile maintaining the fun-to-drive nature of the Model Y, the suspension is expected to soften somewhat for a smoother, less jarring ride.\u003C\u002Fp\u003E\u003C\u002Fli\u003E\u003C\u002Ful\u003E\u003Cp\u003E\u003Cstrong\u003EBattery\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cul\u003E\u003Cli\u003E\u003Cp\u003ERumours swirl about the inclusion of new battery technologies, potentially allowing for longer range or faster charging times, continuing Tesla’s innovation in EV powertrains.\u003C\u002Fp\u003E \u003C\u002Fli\u003E\u003C\u002Ful\u003E"},{"description":"","page-url":"\u002Fstory\u002Fbd0b6d11-a5e8-45b5-9715-135ee082c4a4\u002Felement\u002Feb909d2a-93a6-4c4a-9202-aea0c00109fb","type":"text","family-id":"99693c57-aecd-42af-8e3e-0490eb6cd97b","title":"","id":"eb909d2a-93a6-4c4a-9202-aea0c00109fb","metadata":{},"subtype":null,"text":"\u003Cp\u003E\u003Cstrong\u003EBest seller\u003C\u002Fstrong\u003E\u003Cbr\u003E\u003C\u002Fp\u003E\u003Cp\u003EThey all part of Tesla’s continuous “iteration” and game-changing strategy, which seems to work with customers.\u003C\u002Fp\u003E\u003Cp\u003EThe Tesla Model Y outsold the RAV4 and Corolla in 2023. Tesla reported 1.79 million deliveries in 2024 (though it was slight drop from the 1.81 million delivered in 2023). \u003C\u002Fp\u003E\u003Cp\u003EThe Texas-based company also delivered 471,930 Model 3\u002FY vehicles in Q4 2024, compared to 439,975 in the previous quarter, 7.3 per cent growth quarter-over-quarter.\u003C\u002Fp\u003E "},{"description":"","page-url":"\u002Fstory\u002Fbd0b6d11-a5e8-45b5-9715-135ee082c4a4\u002Felement\u002F4bca3c5b-9efa-4cf5-bf32-2486d4baefe7","type":"text","family-id":"b7c1536c-c787-437f-9ee0-18ef9ca49bf9","title":"","id":"4bca3c5b-9efa-4cf5-bf32-2486d4baefe7","metadata":{},"subtype":null,"text":"\u003Cp\u003E\u003Cbr\u003E\u003Cstrong\u003EGlobal sales\u003C\u002Fstrong\u003E\u003Cbr\u003EIn 2023, the Model Y was the world’s best-selling car, selling 1.23 million units, a 64% increase from 2022 – outselling the Toyota RAV4 and Corolla sedan. \u003C\u002Fp\u003E\u003Cp\u003ENow, industry pundits say its iteration, the Model Y Juniper, is set to further dominate the EV market.\u003C\u002Fp\u003E\u003Cp\u003EForbes reported that Model Y inventory dried up after Tesla went on a year-end discounting drive.\u003C\u002Fp\u003E\u003Cp\u003E\u003Cstrong\u003EPrice drop\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EThe expected price for the Model Y Juniper has never been seen before for such a top-notch EV like this. \u003C\u002Fp\u003E\u003Cp\u003EOn Tesla's US website, the current Model Ys are listed from $31,490 to $37,990 – after taking advantage of US federal tax credits of up to $7,500 (under Internal Revenue Code Section 30D), and considering the established 5-year fuel savings of $6,000. \u003C\u002Fp\u003E\u003Cp\u003EThese incentives may also be applied to the upcoming Model Y, making the price unprecedented low.\u003C\u002Fp\u003E\u003Cp\u003E\u003Cbr\u003EIn both the Q2 and Q3 2024 earnings calls, Musk has touted new “affordable” Teslas.\u003Cbr\u003EThere were recent reports pointing to a new mass-market Tesla codenamed “Redwood”, which Deutsche Bank dubbed \"Model Q\" due in mid-2025. \u003C\u002Fp\u003E\u003Cp\u003EThe Q would reportedly sell for $30,000 but that includes the $7,500 US federal tax credit, which Trump has threatened to scrap. \u003C\u002Fp\u003E\u003Cp\u003ESeparately, recent comments from AutoForecast Solutions also point to a more affordable compact SUV “baby Model Y” coming later this year that would compete on price with the new Chevy Bolt, which is due sometime in 2025.\u003Cbr\u003E\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fbd0b6d11-a5e8-45b5-9715-135ee082c4a4\u002Felement\u002F9f26190e-6527-418a-a3d7-1434989f0e02","type":"text","family-id":"8033e643-0178-4499-8699-8b3c190c31cc","title":"","id":"9f26190e-6527-418a-a3d7-1434989f0e02","metadata":{"content":"We can't emphasise enough how important cost is. It's not an optional thing—for most people, it is a necessary thing. We have to make our cars more affordable so people can buy them.","attribution":"Elon Musk, Tesla CEO"},"subtype":"blockquote","text":"\u003Cdiv\u003E\u003Cblockquote\u003EWe can't emphasise enough how important cost is. It's not an optional thing—for most people, it is a necessary thing. We have to make our cars more affordable so people can buy them.\u003C\u002Fblockquote\u003E\u003Cspan class=\"attribution\"\u003EElon Musk, Tesla CEO\u003C\u002Fspan\u003E\u003C\u002Fdiv\u003E"},{"description":"","page-url":"\u002Fstory\u002Fbd0b6d11-a5e8-45b5-9715-135ee082c4a4\u002Felement\u002Feaa7baef-954e-4035-a947-f03012ed45da","type":"text","family-id":"0d564813-d919-47e1-8a82-018b9662f7a4","title":"","id":"eaa7baef-954e-4035-a947-f03012ed45da","metadata":{},"subtype":null,"text":" \u003Cp\u003E\u003Cstrong\u003EExpectations soar\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003EMotor Trend's First Look has stoked the anticipation, echoing anticipation about Juniper.\u003C\u002Fp\u003E\u003Cp\u003ESo, what awaits the Model Y refresh? \u003C\u002Fp\u003E\u003Cp\u003EIf the anticipation surrounding Juniper is anything to go by, Tesla’s next chapter in the Model Y story may be its most electrifying yet.\u003C\u002Fp\u003E"}],"card-updated-at":1736337872806,"content-version-id":"2c2aea01-04c3-4d8b-a4c7-b68e1be26e0d","card-added-at":1736316087300,"status":"draft","id":"2e8eb863-656e-4a56-ba93-7336d34f76e6","content-id":"2e8eb863-656e-4a56-ba93-7336d34f76e6","version":23,"metadata":{"social-share":{"shareable":false,"title":"Tesla Model Y Juniper: What we know so far ","message":null,"image":{"key":"gulfnews\u002F2025-01-08\u002Fgdcepdkz\u002FModel-Y-Juniper.jpg","url":null,"attribution":"JacklJack | Reddit","alt-text":"Tesla Model Y Juniper from $31,490: Time to book one?","caption":"From sleek adjustments to the body — hood refinements, fascia, headlights, and taillights — to enhanced aerodynamics and an even quieter ride, Tesla seems poised to redefine its signature crossover. 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By announcing the launch on social media, the firm has “failed to provide equal and timely access to information for all investors,” Sebi said in its letter, which was shared by the company. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fdd0a38b5-5a4a-4589-bf81-6c097d8099a8\u002Felement\u002F6ea0fc4c-7d8f-4a88-b10c-d0cedc4a3a48","type":"text","family-id":"4293503f-b49d-43a8-a744-78fe718b3141","title":"","id":"6ea0fc4c-7d8f-4a88-b10c-d0cedc4a3a48","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe regulatory admonition is the latest in a series of disappointments for the electric two-wheeler maker and its investors. In recent years, the company has been the target of buyer complaints after a string of vehicle fires, regulatory scrutiny, social media backlash and market share loss. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fdd0a38b5-5a4a-4589-bf81-6c097d8099a8\u002Felement\u002F066318be-ccc0-4889-a4c5-043b136724ef","type":"text","family-id":"e4723377-80ec-470a-855a-350d2c96409f","title":"","id":"066318be-ccc0-4889-a4c5-043b136724ef","metadata":null,"subtype":null,"text":"\u003Cp\u003EIn December, the company opened about 3,200 stores in a single day as it sought to script a reputational turnaround and regain investor confidence. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fdd0a38b5-5a4a-4589-bf81-6c097d8099a8\u002Felement\u002Fc858f707-8cb9-487a-949f-ccba5abecc95","type":"text","family-id":"9c22dbcd-23d7-4f4b-8ce2-2ab095182e03","title":"","id":"c858f707-8cb9-487a-949f-ccba5abecc95","metadata":null,"subtype":null,"text":"\u003Cp\u003EThe Bengaluru-based company has violated regulations and has been “advised to be careful in the future and to improve your compliance standards to avoid recurrence of such instances, failing which appropriate enforcement action may be initiated,” said Sebi in the letter. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Fdd0a38b5-5a4a-4589-bf81-6c097d8099a8\u002Felement\u002Fc10bc493-bc2a-4c5a-b8a4-9b3e014fc3a1","type":"text","family-id":"ca38d8fb-76eb-41e8-8f4c-08b5a6cd9b8c","title":"","id":"c10bc493-bc2a-4c5a-b8a4-9b3e014fc3a1","metadata":null,"subtype":null,"text":"\u003Cp\u003EOla Electric shares were trading at 75.79 rupees ($0.88) at 9:36 am in Mumbai, down 3% over their previous close. 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this fall,  but declined to specify how much the ambitious project is costing the company.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Faabc2a83-0a58-42ac-a6f4-da979a5d6d84\u002Felement\u002Fddcd9cb1-20f7-4fa7-bf67-c8a0d361f2ba","type":"text","family-id":"a07bd251-c298-4210-80c6-3c3c36d50877","title":"","id":"ddcd9cb1-20f7-4fa7-bf67-c8a0d361f2ba","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe initial residents of Woven City will be composed mostly of the carmaker’s own employees and their families, and will gradually expand to about 2,000 residents as part of its initial phases, Toyota said Monday.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Faabc2a83-0a58-42ac-a6f4-da979a5d6d84\u002Felement\u002Ffc4521e9-2c21-4008-be99-72e5a1738914","type":"text","family-id":"280fa10a-38d8-457f-93cf-c73fcdb33cad","title":"","id":"fc4521e9-2c21-4008-be99-72e5a1738914","metadata":null,"subtype":null,"text":"\u003Cp\u003E“This year, residents will begin to moving in as we slowly bring Woven City to life,” Toyota Chairman Akio Toyoda said at a press conference at CES in Las Vegas. “We aim to accelerate the pace at which new technologies can be tested and developed at Woven City.”\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Faabc2a83-0a58-42ac-a6f4-da979a5d6d84\u002Felement\u002Fb8244c26-c13c-42c2-84cb-034a821674d0","type":"text","family-id":"486fcd19-4f83-4b78-a476-0b9343de4da4","title":"","id":"b8244c26-c13c-42c2-84cb-034a821674d0","metadata":null,"subtype":null,"text":"\u003Cp\u003EToyoda debuted plans for the “living laboratory” five years ago as Toyota’s then-president, saying it would be a fully sustainable city and real-world showcase for artificial intelligence, advanced robotics, self-driving cars and smart 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Well, maybe not,” Toyoda said. “As global citizens, I believe Toyota has a responsibility to invest in our collective future.”\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Faabc2a83-0a58-42ac-a6f4-da979a5d6d84\u002Felement\u002Ff06bed2b-58ee-492e-9305-d1142b7c4c7f","type":"text","family-id":"033d24be-e8d1-4882-923c-e822788f03aa","title":"","id":"f06bed2b-58ee-492e-9305-d1142b7c4c7f","metadata":null,"subtype":null,"text":"\u003Cp\u003EWoven’s Chief Executive Officer Hajime Kumabe pushed back on that by saying he does want the unit to become profitable, but added that might be hard to quantify as its innovations will blend into its parent’s carmaking. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Faabc2a83-0a58-42ac-a6f4-da979a5d6d84\u002Felement\u002F4a46522a-3598-47b3-b2a1-d6976a688d98","type":"text","family-id":"a248e3aa-071e-4b64-bc81-c41bb500254e","title":"","id":"4a46522a-3598-47b3-b2a1-d6976a688d98","metadata":null,"subtype":null,"text":"\u003Cp\u003EToyota appointed Kumabe as head of the wholly owned Woven subsidiary in 2023 as part of a shift from a research-heavy focus to become more involved in production of next-generation vehicles.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Faabc2a83-0a58-42ac-a6f4-da979a5d6d84\u002Felement\u002Fb4472a3e-62fa-45df-8b20-f1c1cb3cdcbb","type":"text","family-id":"fb892bfa-9314-4ee4-b397-a32833932159","title":"","id":"b4472a3e-62fa-45df-8b20-f1c1cb3cdcbb","metadata":null,"subtype":null,"text":"\u003Cp\u003EWoven’s Chief Financial Officer Kenta Kon wouldn’t specify how much is being spent on city-building, other than to tell reporters it’s a “big investment.” He added that Toyota’s chair has invested his own money in the subsidiary.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002Faabc2a83-0a58-42ac-a6f4-da979a5d6d84\u002Felement\u002F43d9c72b-6178-4784-b34e-587e45bce8cb","type":"text","family-id":"c868bb46-d76c-458d-949d-538e68b4de5a","title":"","id":"43d9c72b-6178-4784-b34e-587e45bce8cb","metadata":null,"subtype":null,"text":"\u003Cp\u003EA key part of Toyota’s broader Woven initiative is a new software platform and vehicle operating system it calls Arene, which is designed to speed up car development and lower costs. 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short of Wall Street’s 506,763 expectations (and even further below the rosiest guesses at around 512,000). \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F758633db-3d4c-4393-9eb4-ba47eab8f090\u002Felement\u002F2903ffbb-f27d-4797-b61a-035c1401f0d7","type":"text","family-id":"7c6de1d6-7670-4f21-8a72-354efe23f85e","title":"","id":"2903ffbb-f27d-4797-b61a-035c1401f0d7","metadata":{"linked-story-id":"73d71981-96b6-4406-97ce-49fa1fe4cfc8","linked-story":{"updated-at":1735901723341,"author-name":"Bloomberg Wire","headline":"Tesla annual China shipments from Shanghai drop for first time","story-content-id":"73d71981-96b6-4406-97ce-49fa1fe4cfc8","is-published":true,"slug":"auto\u002Ftesla-annual-china-shipments-from-shanghai-drop-for-first-time-1.500010356","highlighted-external-id":null,"last-published-at":1735901723336,"highlighted-text":"","alternative":{"home":{"default":{"headline":"Tesla annual China shipments from Shanghai see 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year.\u003C\u002Fp\u003E\u003Cp\u003EIn Q3 2024, Tesla reported just under $2.4 billion in revenue from its energy business for the quarter, versus $1.6 billion in the same quarter of last year.   \u003C\u002Fp\u003E\u003Cp\u003EMeanwhile, the overall gross margin from battery storage hit an impressive 19.8 per cent, leaving analysts’ 16.8 per cent estimate in the dust. \u003C\u002Fp\u003E\u003Cp\u003EAnd good thing, too, because Tesla’s bread-and-butter car revenue has hit cruise control, creeping up by just 1 per cent over the past year.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F758633db-3d4c-4393-9eb4-ba47eab8f090\u002Felement\u002Fc5767e84-fa7d-491e-8de4-b8d4e6777b48","type":"text","family-id":"75f13d57-480b-4c46-9cca-a017d124084b","title":"","id":"c5767e84-fa7d-491e-8de4-b8d4e6777b48","metadata":{},"subtype":null,"text":"\u003Cp\u003E\u003Cstrong\u003EMore than just a car company\u003C\u002Fstrong\u003E\u003C\u002Fp\u003E\u003Cp\u003ELately, Tesla has 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in 2020, a clear sign of the intensifying local competition and lukewarm global demand.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F73d71981-96b6-4406-97ce-49fa1fe4cfc8\u002Felement\u002Fa414916f-28ac-444b-809d-feefc074f362","type":"text","family-id":"d494903f-640c-4c48-82a8-bb730e5c52e9","title":"","id":"a414916f-28ac-444b-809d-feefc074f362","metadata":{},"subtype":null,"text":"\u003Cp\u003EThe automaker run by Elon Musk delivered 916,660 electric vehicles from Shanghai, the location of its first factory outside of the US, in 2024, down 3 per cent from the year prior, according to preliminary data released by China’s Passenger Car Association on 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decade.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F73d71981-96b6-4406-97ce-49fa1fe4cfc8\u002Felement\u002F620a0651-b889-4888-bf92-bc841fa80eb0","type":"text","family-id":"81d5d584-a8b2-4f13-a012-45554d2560ab","title":"","id":"620a0651-b889-4888-bf92-bc841fa80eb0","metadata":{},"subtype":null,"text":"\u003Cp\u003EInvestors have started to cast doubt on Musk’s sales growth objective of 20-30 per cent in 2025, counting in the potential roll-back of EV tax credits under the incoming Trump administration and continued competition from Chinese rivals including BYD Co.\u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F73d71981-96b6-4406-97ce-49fa1fe4cfc8\u002Felement\u002Fb17b90dd-a756-4ae9-9854-d18e1c18c8dd","type":"text","family-id":"db6cd582-7b41-41c7-8236-bfe7a21cd9b6","title":"","id":"b17b90dd-a756-4ae9-9854-d18e1c18c8dd","metadata":{},"subtype":null,"text":"\u003Cp\u003EGlobally, Tesla sold 1.79 million EVs last year, slightly less than what it delivered in 2023 and also below analysts’ consensus estimate. \u003C\u002Fp\u003E"},{"description":"","page-url":"\u002Fstory\u002F73d71981-96b6-4406-97ce-49fa1fe4cfc8\u002Felement\u002Fbffcf2d2-5b1d-41bd-876e-715ffdbb8dfd","type":"text","family-id":"efb11c6e-6a8c-4fdd-994f-832400a88a81","title":"","id":"bffcf2d2-5b1d-41bd-876e-715ffdbb8dfd","metadata":{},"subtype":null,"text":"\u003Cp\u003EBYD, which stopped making vehicles powered by fossil fuels entirely in 2022, sold 1.76 million battery-powered cars. 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