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| AME Info News - Executive Motoring | |
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| Description: | AME Info News - Executive Motoring |
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| AME Info News - Executive Motoring |
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| UAE auto sales may slow Thu, 20 Nov 2008 08:14:00 +0400 Automobile sales growth in the UAE could decline next year when the impact of the global financial crisis hits the region, reported Gulf News. Other factors that are likely to hinder sales growth are job cuts and a slowdown in the local real estate sector, the credit squeeze imposed by banks, perennial traffic congestion on Dubai's roads and tightened rules over the issuance of new driving licences. [AMEInfo.com] |
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| Suzuki sales jump 180% in UAE Wed, 19 Nov 2008 12:10:00 +0400 Al Rostamani Trading Co., Suzuki's sole distributor in the UAE, has announced that it has achieved 180% growth in sales for Suzuki vehicles in the UAE for the period January to October 2008, compared to the same period last year. [AMEInfo.com] |
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| Arabian Automobiles predicts record-breaking year Tue, 18 Nov 2008 10:04:00 +0400 Arabian Automobiles, exclusive dealer for Nissan, Infiniti and Renault vehicles in Dubai and the Northern Emirates, remains upbeat about future growth, despite the gloomy economic forecasts. The company is confident that it will be able to achieve sales of 40,000 vehicles in FY2008 in this, the company's 40th year in business. [AMEInfo.com] |
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| TAC Launches Car-Leasing Division Mon, 17 Nov 2008 12:08:00 +0400 Towell Auto Centre (TAC) has announced the launch of its car-leasing division. The Leasing Division is located at Al Ghubra in Muscat and offers a multi-brand leasing facility. S. Kasthurirengan, CEO, TAC said the company aims to be the first preferential car rental and leasing company in Oman by providing excellent service to clients and by opening leasing offices in other parts of the country. [AMEInfo.com] |
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| Egypt's GB Auto's posts 72% increase Sun, 16 Nov 2008 12:21:00 +0400 GB Auto, Egypt's only publicly traded automotive company, posted a net income of LE417m for the first nine months of 2008, a 72% increase over the same period in 2007. The company reported sales of 44,198 passenger cars. The company's gross profit margin rose to 17.7%, an increase of 3.6%. [AMEInfo.com] |
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