German luxury carmaker BMW said on Wednesday that it swung into its first loss since 2009 as the coronavirus pandemic ravaged car sales but said it still hopes turn an operating profit for the year.
The Munich-based company reported an operating loss (EBIT) of 666 million euros ($787.6 million), compared with an operating profit of 2.1 billion euros in the same period of 2019, after selling around 25 percent fewer cars year-on-year in the three months to the end of June.
The group kept net loss to just 212 million"...

Tesla reported a surprise second-quarter profit on Wednesday as it confirmed ambitious targets for 2020 car deliveries despite the coronavirus pandemic and announced plans for a new auto factory in Texas.
The result clears the way for the highflying company led by Elon Musk to potentially join the S&P 500. A requirement for the prestigious Wall Street index is four successive profitable quarters, which Tesla has now achieved.
Tesla shares -- which have exploded in 2020 as the company has met key targets --"...

Doha: FAHES Centers will resume its normal operations for vehicle inspections in coordination with the Traffic Department starting next month.

All centers except the one at Industrial area will begin inspection on August 9.

It also clarified that the exemption from physical inspection of vehicles will stop effective August 1. The vehicles registered online for inspection"...

Doha: KONA Electric, Hyundai Motor Company’s globally rewarded full electric compact SUV, has surpassed the 100,000 global sales milestone.

Cumulative sales of KONA Electric reached 103,719 units as of June 30, just over two years since its launch in March 2018. Sales outside of its home market Korea accounted for more than three quarters of the total. KONA Electric has been widely lauded for its classleading driving range, fastcharging capability,"...

Doha: Skyline Automotive, a Jaidah Group company, successfully opened the first ever Geely Auto showroom in Qatar via a digital reveal, making the brand available in the Qatari market for the very first time. Hosted by renowned local personality, Khalifa Al Haroon, Geely introduced the Coolray as the first model made available for customers. Mr. Q walked the viewers through the features of the car and did a virtual tour of the showroom.

In celebration"...

Doha: The National Museum of Qatar (NMoQ) is inviting vintage car owners and collectors to showcase their collections at the Mal Lawal 3 exhibition.

Under the patronage of Qatar Museums’ (QM) Chairperson, H E Sheikha Al Mayassa Bint Hamad Bin Khalifa Al Thani, and in collaboration with Mawater Center, the highly anticipated exhibition is set to take place in the last quarter of 2020 at NMoQ.

Mal"...

Auto Class cars, the authorised general distributor of Maxus in Qatar, has unveilded the Maxus D90 in Qatar, the company announced in a statement on Saturday.
The new SUV concept is an excellent example of the innovation of Chinese auto brands and recently received a five-star recognistion in terms of safety from the ANCAP safety ranking.
The Maxus D90 is the first smart and customisable vehicle type, which can be mass-produced. It is representative of the company’s products targeted at the SUV market, and"...

Qatar Automobiles Company (QAC), the authorised distributor of Mitsubishi Motors Corporation and FUSO in Qatar, has unveiled the new Mitsubishi Outlander in Qatar, which is characterised by new styling, better performance, and specialised traits that few if any of its rivals can match. This includes a standard third row of seating, a comfortable ride and competitive options.
The Mitsubishi Outlander and wide range of Mitsubishi vehicles are available now in Mitsubishi Motors Showroom on Salwa Road and Alkhor, QAC said"...

In line with the efforts of the government of Qatar to limit the spread of the Covid -19 virus, and a commitment from Abdullah Abdulghani & Bros Co (AAB) to ensure the protection of the health and safety of its customers, the company has initiated its second digital launch in Qatar with the introduction of the all-new Toyota Highlander, a new member to the Toyota Hybrid Vehicle (HEV) family, the company announced in a statement on Tuesday.
Announcing the launch of the all new Toyota Highlander RK Murugan, AAB Acting"...