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Automakers meet UAE officials over 24-hour rule
Toyota recalls two models in the UAE
'No Chrysler vehicles in UAE affected by recall'
Auto sector poised to rise by 5pc in the UAE
Middle East's growing commercial vehicles industry gets new focal point in UAE
Car imports plunge in Abu Dhabi
Electric cars could zoom along UAE streets soon
Abu Dhabi buys into green automobile
Abu Dhabi’s plan to build Pakistan refinery on track
UAE leads world in Rolls-Royce sales
UAE leads world in Rolls-Royce sales
Auto parts trade up 33% to Dh5.3b
Dubai auto spare parts trade values Dh18.22 billion in 2007
High living standards, increasing population boost Dubai Auto sector
Auto finance market at US$2.3billion

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THE ECONOMY - AUTOMOBILE INDUSTRY


Automakers meet UAE officials over 24-hour rule
Posted on 09/03/2010

The Ministry of Economy has met with representatives of several auto dealers, including Al Futtaim Motors, Gargash Enterprises and Al Masaood Automobiles to ensure compliance with the "24-hour rule", which mandates the recall of all defective products within 24 hours of discovery. So far, Al Futtaim has sponsored the largest recall of 3,900 Toyotas of various models in the UAE for full maintenance due to specific defects identified and announced by Toyota in Japan. "The agency replaced all ...  >>MORE



Toyota recalls two models in the UAE
Posted on 02/02/2010

Toyota on Monday announced the recall of two models — Avalon and Sequoia (2005 - 2010) — in the UAE, out of the eight models recalled globally. Toyota recently had to recall 8 million cars globally due to a faulty accelerator which causes sudden and unexpected acceleration. The models affected are RAV4, Corolla, Matrix, Avalon, Camry, Highlander, Tundra, and Sequoia. Simon Frith, managing director of Al Futtaim Motors said: "We can now announce that of the 8 models affected by the USA ...  >>MORE



'No Chrysler vehicles in UAE affected by recall'
Posted on 21/01/2010

Following the recent news of faulty Chrysler vehicles being recalled due to a potential defect in the brake system, Chrysler Group Middle East has said no such vehicles are in the UAE. "The UAE is not affected by this voluntary recall and all the vehicles [mentioned- below] sold in the Emirates are absolutely free from this problem," Chrysler Group Middle East said in a statement sent to Emirates Business. Chrysler has notified NHTSA (National Highway Traffic and Safety Administration) about ...  >>MORE



Auto sector poised to rise by 5pc in the UAE
Posted on 15/09/2009

Auto sales in the UAE are expected to rise 5 per cent between 2009 and 2010 as an easing in liquidity conditions boosts confidence in the sector, according to an analysis by the 
Dubai Chamber. A general high-level of disposable income and renewed consumer confidence in the UAE on the back of easing liquidity conditions, provides a favourable background for the auto sector in the coming months. Furthermore, plans for a car production plant in the UAE could help initiate a local ...  >>MORE



Middle East's growing commercial vehicles industry gets new focal point in UAE
Posted on 29/07/2009

The UAE is to position itself as a regional focal point for the commercial vehicles industry in the Middle East, which is aiming for more major growth as the market recovers from the effects of the global economic crisis. The launch of the region's first specialised trade event for commercial vehicles in Dubai today came with a powerful endorsement from Mohammed Ben Sulayem, President of the Automobile and Touring Club of the UAE (ATCUAE). Sulayem, who enjoys enormous respect within the ...  >>MORE



Car imports plunge in Abu Dhabi
Posted on 19/07/2009

Abu Dhabi residents are shunning new car purchases during the global downturn but are buying more consumer goods such as clothing, appliances and food, statistics from Mina Zayed Port show. Vehicle imports slowed dramatically in the second quarter, falling by 81 per cent in April, 83 per cent in May and 86 per cent in June from the same periods last year, as dealerships dealt with falling demand and rising inventories. In total, 19,809 cars were brought in through Abu Dhabi's gateway port ...  >>MORE



Electric cars could zoom along UAE streets soon
Posted on 15/07/2009

Electric cars manufactured by California-based Tesla Motors may soon be operating on the streets of Abu Dhabi, reinforcing the emirate's commitment to cleaner alternative fuel technologies, a senior executive of Abu Dhabi-based Aabar Investments told Gulf News on Tuesday. "Tesla cars are already running successfully in California. Abu Dhabi, through its Masdar initiative, is committed to different alternative sources of fuel. Electric cars like Tesla - which run without petrol - will enhance ...  >>MORE



Abu Dhabi buys into green automobile
Posted on 14/07/2009

In a small but significant move towards becoming a global hub of green energy, Abu Dhabi on Monday bought a stake in a Silicon Valley start-up that makes high-performance electric sports cars. Aabar Investments, a subsidiary of government of Abu Dhabi-owned International Petroleum Investment Company, said that it acquired four per cent stake in Tesla Motors owned by the German automaker Daimler. The company did not disclose the cost. The move comes just two weeks after the city was elected to ...  >>MORE



Abu Dhabi’s plan to build Pakistan refinery on track
Posted on 14/05/2009

Abu Dhabi-based International Petroleum Investment Company's plan to build a refinery in Pakistan is on track, Pakistan's minister of investment said 
on Wednesday. "I just had a meeting with IPIC two days ago and they told me the project is on track,” Waqar Ahmed Khan told reporters at a 
Press conference. In January, International Petroleum Investment Company, or IPIC, said it had delayed plans to set up the 250,000 barrel per day refinery in Pakistan. "The only reason why IPIC ...  >>MORE



UAE leads world in Rolls-Royce sales
Posted on 24/01/2009

Abu Dhabi has become the world's biggest market for Rolls-Royce cars, edging out Dubai and Beijing in sales last year. Rolls-Royce's Abu Dhabi and Dubai dealerships achieved the highest sales and second-highest sales respectively, said Frank Tiemann, Rolls-Royce's communications manager for Europe and the Middle East. This was ahead of Beijing and London, which tied for third place, and Beverly Hills in the US in fifth place. "This is a very impressive development for Abu Dhabi,” Mr Tiemann ...  >>MORE



UAE leads world in Rolls-Royce sales
Posted on 22/01/2009

Abu Dhabi has become the world's biggest market for Rolls-Royce cars, edging out Dubai and Beijing in sales last year. Rolls-Royce's Abu Dhabi and Dubai dealerships achieved the highest sales and second-highest sales respectively, said Frank Tiemann, Rolls-Royce's communications manager for Europe and the Middle East. This was ahead of Beijing and London, which tied for third place, and Beverly Hills in the US in fifth place. "This is a very impressive development for Abu Dhabi,” Mr Tiemann ...  >>MORE



Auto parts trade up 33% to Dh5.3b
Posted on 03/06/2008

The latest Statistics released by Dubai World indicated a year on year 30 per cent increase in Dubai's total direct trade in auto parts and accessories which were valued at Dh 18.2 billion in 2007. This was announced at the Automechanika Academy taking place with Automechanika Middle East, the region's largest automotive aftermarket exhibition currently taking place at the Dubai International Convention & Exhibition Centre till June 3rd. The total direct trade in auto parts and accessories in ...  >>MORE



Dubai auto spare parts trade values Dh18.22 billion in 2007
Posted on 05/05/2008

Dubai's automobile spare parts trading sector recorded an impressive growth of 29.64 per cent in 2007 for a value of Dh18.22 billion, compared with Dh14.05 billion in 2006, according to figures released Sunday by Dubai World's Statistics Department. The strong growth of the sector has prompted the Statistics Department to take part in the Automechanika Middle East, the region's leading trade fair for the automobile sector, which will be held at Dubai International Convention and Exhibition ...  >>MORE



High living standards, increasing population boost Dubai Auto sector
Posted on 07/05/2007

The high standards of living and increasing population in Dubai have led to the dynamic growth of the automotive sector. The DCCI membership database as of February 2007, reveals that approximately 365 companies are actively involved in trading of motor vehicles and related items, 2,018 companies are involved in trading of motor vehicle parts and accessories, 204 of the companies involved in the maintenance and repair of motor vehicles while 73 companies are involved in other activities ...  >>MORE



Auto finance market at US$2.3billion
Posted on 28/12/2006

The UAE's automobile finance market is worth an estimated US$2.3 billion (Dh8.45bn), according to industry figures. A report published by the Dubai Chamber of Commerce and Industry (DCCI) says the auto finance market has flourished in recent years, leading to banks and companies offering flexible financing contracts with extended repayment periods. The DCCI report sourcing figures from Business Monitor International (BMI) said that the auto finance sector in 2005 was estimated to be worth ...  >>MORE

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