PARIS: Renault’s first loss in a decade triggered a no-taboos commitment to cut costs by 2 billion euros ($2.2 billion) over the next three years from the carmaker on Friday, as it tries to put the Carlos Ghosn affair behind it.
As ex-Volkswagen brand manager Luca de Meo prepares to take over as chief executive of the French automaker, which has been rocked by the Ghosn scandal, it did not exclude job cuts in a promised review of its performance across all factories.
Like many auto industry rivals, including"...

• Ninth edition of the annual TomTom Traffic Index provides detailed insights on live and historic road congestion levels in cities around the world

• 57% of countries included see increase in traffic congestion, while both Abu Dhabi (-1%) and Dubai (-2%) see decreases

• Global average congestion level is 29%, while Abu Dhabi’s is 10% and Dubai is 21%

• Drivers, city planners, automakers and policy makers can use the TomTom Traffic Index to help tackle traffic-related"...

YallaMotor in partnership with Generation.e, has announced that it will be running the second Electric Vehicle Buyers Survey in the lead up to the Smarter Mobility World forum set to take place in Dubai in March. The survey, which last year canvased the views of over 3,800 people in the GCC, is the largest survey ever to be conducted in the region to better understand the appetite for electric vehicles in the Middle East.
The announcement was made at the flagship DXB Green Leadership Series, hosted by Dubai Carbon Centre"...

MUSCAT: Dr Ahmed bin Mohammed al Futaisi, Minister of Transport, met with the head and members of the Board of Directors of the branch of Oman Chamber of Commerce and Industry (OCCI) in the Governorate of North Al Batinah on Monday. Present in the meeting were businessmen and representatives of Sohar Industrial Estate (Madayn).
The meeting reviewed the conditions of the transport sector in the Governorate of North Al Batinah, highlighting aspirations of businessmen in general and owners of land transport establishments"...

WASHINGTON: Toyota Motor Corp said on Friday it will move production of its mid-size Tacoma pick-up truck from the United States to Mexico as it adjusts production around North America.
The largest Japanese automaker also said it will end production of the Toyota Sequoia in Indiana by 2022 as that facility focuses on mid-size SUVs and minivans.
Toyota will shift production of the Sequoia in 2022 to Texas and that plant will end production of the Tacoma by late 2021.
Toyota has been building Tacoma trucks"...

Rome: Fiat Chrysler Automobiles (FCA) said on Friday it is in talks with Taiwanese electronics manufacturer Foxconn over a joint venture to produce electric cars in China.
What is at stake is “an equal joint venture to develop and manufacture in China new generation battery electric vehicles and engage in the IoV (Internet of Vehicles) business,” FCA said.
“The parties are in the process of signing a preliminary agreement which will govern further discussions aimed at reaching final binding agreements"...