Middle East

PSA eyes re-entry to Iran's auto market, report says

May 8, 2015 15:17 CET

PSA/Peugeot-Citroen is in talks about a possible joint venture with Iranian carmaker Iran Khodro if sanctions against the Islamic Republic are lifted, a German magazine reported, citing Peugeot brand chief Maxime Picat....
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Oman will use Italian expertise to help build auto industry

April 17, 2015 06:01 CET

The Oman government has bought into an Italian supplier as part of its goal to develop car production in the oil-rich Middle Eastern state. The state-owned Oman Investment Fund last month bought a 40 percent stake in Italian thermoplastic parts supplier Sigit....
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Nuclear deal may unleash big, pent-up Iran market

12:01 am U.S. ET | April 13, 2015

The prospective nuclear agreement among Iran, the U.S. and four other nations could have major ramifications for the auto industry by opening up a new and significant emerging market....
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Oil prices? They're nothing to worry about

12:01 am U.S. ET | Oct. 6, 2014

Spikes in fuel prices have been behind most recessions during the last 40 years, Ira Silver reminded the National Auto Auction Association at its annual conference last month in Boston....
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Mobileye shares surge 48% after $890 million IPO

11:25 am U.S. ET | Aug. 1, 2014

Shares of Mobileye NV soared 48 percent in their market debut today as investors bet that the race by automakers to improve safety ratings would boost demand for the company's unique camera-based systems that help drivers avoid collisions....
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Ford readies product push in fast-growing Africa, Middle East

12:34 am U.S. ET | July 17, 2014

Ford plans to introduce 25 new models by 2016 in Africa and the Middle East, where it projects the driving age population will grow 31 percent by 2023 to 1.7 billion people....
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