Somewhere in a scarlet Ferrari factory in downtown Maranello, Italy, there are some very smug engineers. Every year the luxury sports car brand unveils a raft of gleaming new models, …
Tag:
cars
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Minimal economic growth and lower purchasing power have affected sales of luxury cars to a greater degree than the rest of the market, with the segment down by an estimated …
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With the International Monetary Fund forecasting the Lebanese economy to grow by just 1.5 percent in 2011, it is no surprise that the automotive sector has not had a stellar …
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There are around 200 super cars in Lebanon tucked away in garages, strategically parked by valets outside high-end night spots and, on occasion, swerving around suspension-wrecking potholes on Lebanon’s mountain …
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Ford Motor Company, the grandparent of affordable Americanautomobiles, has just reaped first-quarter profits of $2.6 billion [AED 9.55billion], putting them on pace for a record year. The group’s resurgence …
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Car distributors in the Gulf and Middle East region have seensales bloom in the first quarter of 2011. Whether they are unrestrainedly regalchariots or utterly practical wheels, vehicles made by …
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The United Arab Emirates’ luxury sports-car segment represents 11 percent of the country’s car market, equivalent to some 3,000 units per year, according to Business Monitor International (BMI). Ford …
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BMW Group’s unveiling of the Ghost, its newest addition to the Rolls Royce line-up, at the Frankfurt Motor Show last September sent a small shockwave through the blogs and forums …
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Since 1963, McLaren has been renowned for its race cars and is the only racing team to have won Formula 1, Indianapolis 500, Can-Am and Le Mans championships. McLaren Automotive …
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The automotive industry is feeling the full force of the global financial crisis. General Motors, Ford and Chrysler are on the brink of collapse after their failed bid to get …