A European car booking portal is aiming to compete with ride-hailing rivals Uber and Careem, as it claims the Middle East has become one of its “quickest growing regions” and it has attracted local interest from potential investors.

Talixo was founded in 2012 in Berlin and is now active in over a dozen cities across the Middle East. It differentiates itself from household names such as Uber and Careem by claiming that, while the ride-hailing"...

Ford plans to cut 7,000 jobs, or 10 percent of its global workforce, as part of a reorganization as it revamps its vehicle offerings, the company said Monday.

The reorganization will involve some layoffs and reassignments and should be complete by the end of August, a Ford spokeswoman said. Ford has been phasing out most sedan models in the United States as more consumers have opted for pickup trucks and sport utility vehicles.

The"...

PitStopArabia.com, the leading online tyre retailer in UAE, announced today the completion of investment with Mitsubishi Corporation (MC). MC now becomes a strategic partner and a shareholder in the company. The investment is a significant milestone for PitStopArabia.com and is aimed at bolstering their market leadership and growing their foot print regionally.

“The decision to invest in PitStopArabia.com was made after a thorough study of"...

BMW's first-quarter operating profit fell 78 per cent to €589 million (Dh2.41bn), despite higher deliveries of luxury vehicles, as the car maker felt the effects of higher investment spending and a €1.4bn legal provision.

The European Commission last month told German car makers they face hefty fines for alleged collusion in the area of emissions filtering technology. BMW denies participating in anti-trust activities and is contesting"...

Winfooz, which is aimed at dealers of new and used automobiles in the Canadian market, made its debut with a public e-auction on May 2nd. A vast portfolio of cars of different makes, models and sizes were auctioned off to buyers.

The dealer-to-dealer market is the first initiative launched by Dublin-based Winfooz Information Technology Services, which has centres in Canada and the United States. The firm provides technology and smart auto delivery"...

AETOSWire, a leading innovative press release distribution company in Middle East and Africa, and RoadSafetyUAE, an initiative that ultimately aims to bring about safer roads in the region, cooperate once more in promoting the Road Safety Awareness Campaign for this year’s Holy Month of Ramadan.

This year’s campaign will build on the success achieved"...

The 5th United Nations (UN) Global Road Safety Week will run between 6-12 May 2019. RoadSafetyUAE want to help raising the awareness for this important initiative. As the theme of this activation is ‘Leadership’, we want to focus on the role of private corporations in the context of supporting the cause of road safety, which also has been declared a ‘national priority’ in the ‘UAE Vision 2021’. Private companies have direct influence over their staff and their eco-system and hence, can"...

(AETOS Wire)-- Niagara Falls tour operator Maid of the Mist orders two new passenger vessels sailing on pure electric power, enabled by ABB’s technology

Visitors to the iconic Niagara Falls will soon be able to experience one of the US’s top landmarks emission-free. Two new Maid of the Mist passenger vessels will be powered entirely by high-capacity battery packs, becoming the first all-electric"...

(AETOS Wire) -- ABB signed a formal agreement with SAIC Volkswagen to provide robotics painting solutions for the first New Energy Vehicle (NEV) factory of the Volkswagen Group based on the Modular Electric Driver Kit (MEB), an automotive platform specifically designed for the mass production of electric vehicles. Financial details were not disclosed.

The new 610,000 square meter NEV factory will be in Shanghai,"...