kuwait

Car sales increase in the Middle East for 2012

Car sales increase in the Middle East for 2012


There’s a lot of talk about a second recession hitting at some point in the near future, on the back of an economic downturn in Europe. But that hasn’t affected car sales in the Middle East, and the GCC in particular, as almost all brands have reported a further increase in sales for 2012. For a look at the cross-section of the market, here’s the results from Ford, BMW, Volvo, Porsche, Hyundai and Toyota.

Read More …

Troubled Aston Martin finds Italian buyer

Troubled Aston Martin finds Italian buyer


If you’re wondering why every Aston Martin is simply a rehash of a decade-old design with a new name, it’s because they’re probably poorer than you are. Investment Dar, the troubled Kuwaiti financial firm that owns a majority stake in the ailing carmaker, is apparently seeking to restructure its debt load, part of which will be by selling off shares in Aston Martin, and they’ve now found a buyer.

Read More …

Browse archives