Competition Commission South Africa blocks Naspers acquisition of WeBuyCars

The Competition Commission South Africa has recommended to Competition Tribunal that the proposed acquisition of WeBuyCars Ltd by MIH eCommerce Holdings Ltd, an entity of the Naspers Group, be prohibited.

MIH eCommerce wishes to acquire 60% of WeBuyCars. MIH eCommerce is mainly an investment holding company and does not itself supply any products or services in South Africa. MIH eCommerce has investments in OLX and the Naspers’ subsidiary,"...

Importing used vehicles to exert pressure on prices of locally assembled ones

ALGIERS- The return, planned by the government, to the importation of used cars will enable “exerting pressure” on the prices of the locally assembled ones, said Saturday, in Algiers, Trade Minister Saïd Djellab.

“One of the objectives behind importing used vehicles (under 3 years) is to exert pressure on the prices of the locally manufactured"...

PitStopArabia.com Attracts Mitsubishi Corporation as a Strategic Investor

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"...

Velodyne Showcases World’s Most Advanced Lidar for Autonomous Vehicles at SmartDrivingCar Summit

Velodyne Alpha Puck™ Delivers Game-Changing Innovation for Smart Driving Mobility (AETOS Wire) --Velodyne Lidar, Inc. today announced it is sponsoring the SmartDrivingCar Summit, which takes place on May 15-16 in Princeton, N.J. and brings together buyers, sellers, and facilitators of autonomous cars, trucks, and buses. At the summit, Velodyne will discuss and demonstrate their smart, powerful lidar solutions as an essential technology for autonomous vehicles (AVs) and advanced driver assistance systems (ADAS). The SmartDrivingCar Summit examines the fundamental economic forces of supply, demand, and public oversight driving deployment and commercialization of vehicle autonomy. The event is co-chaired by Professor Alain Kornhauser of Princeton University and features academic, industry, and government experts discussing the safety benefits of self-driving cars, regulatory challenges, mobility and community service benefits, and technology. The summit will feature demonstrations of the Velodyne Alpha Puck™, a lidar sensor specifically made for autonomous......

Winfooz launches first public e-auction for Canada-based dealers of new and used cars

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 and RoadSafetyUAE Join Hands Again to Promote Road Safety Awareness Campaign for Ramadan 2019

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"...

5th United Nations (UN) Global Road Safety Week, 6-12 May 2019, under the theme ‘Leadership’

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"...

ABB Powers Tourists to the Niagara Falls with First US Built All-Electric Vessels

(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"...

ABB to Provide Paint Solutions to SAIC Volkswagen’s First Electric Vehicle Factory in China

(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,"...

LUKOIL Lubricants Partner With Al Mustaqbil Al Zahir Cars Trading (AMAZ)

LUKOIL, one of the world’s largest vertically integrated and privately-owned global energy companies and the market leading lubricants brand in Russia and Europe, has partnered with
AL MUSTAQBIL AL ZAHIR CARS TRADING (AMAZ) to distribute their extensive range of LUKOIL Lubricant products in the United Arab Emirates. LUKOIL’s premium product range includes GENESIS, the advanced Synthetic Automotive Lubricants products, already acclaimed in the industry and approved by reputed car manufacturers globally. LUKOIL"...