17 Aug 2019

Velodyne Files Patent Infringement Complaint with ITC Against Hesai and RoboSense

Velodyne Lidar, Inc. filed a patent infringement complaint with the U.S. International Trade Commission (ITC) against Hesai Photonics Technology Co., Ltd. and Suteng Innovation Technology Co., Ltd. (a.k.a. RoboSense) for violations of section 337 of the Tariff Act of 1930 which makes unfair methods of competition and importation of certain products into the United States unlawful. Earlier this week, Velodyne also filed patent infringement complaints against Hesai and RoboSense in the U.S. District Court for the Northern District of California. Velodyne is asking the ITC to investigate these lidar manufacturers for unlawfully importing and selling......

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08 Aug 2019

Egypt to purchase six trains from Hyundai for Cairo metro

Cairo: Egypt has signed a supply contract for six new trains for Greater Cairo's Metro Line 2 with South Korean Hyundai Rotem, a statement by the country's transportation ministry said.

According to the"...

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08 Aug 2019

Yamaha Motor Reveals Rise in Consolidated Sales

Yamaha Motor Co., Ltd. (TOKYO:7272) announced today that for the first half of the fiscal year ending December 31, 2019, consolidated net sales were 855.9 billion yen, an increase of 0.5% from the same period the previous year. The company experienced a 16.1% decrease in operating income"...

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03 Aug 2019

Souq Al Haraj for Cars finalising standardized contract for the sale of used cars

Management of Souq Al Haraj for Cars in Sharjah announced that the standardized contract for the sale of used cars is in the final process of drafting and will soon be approved. The announcement was made during the meeting which was held in Souq Al Haraj where there were discussions regarding"...

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01 Aug 2019

Automotive market sales dip 6.7% during 1st half of 2019

CAIRO – 31 July 2019: Sales of the automotive market declined 6.7 percent during the first six months of 2019, recording 74,084 vehicles, compared to 79,474 vehicles in the same months of 2018, according to the monthly bulletin of the Automotive Market Information Council (AMIC)....

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29 Jul 2019

'Let it Rust' reduces cars prices by 30%: campaign spokesperson

CAIRO – 28 July 2019: Cars purchase boycott campaign “let it rust” has reduced car prices by up to 30 percent, ranging from LE 50,000 to LE 150,000, depending on the car type, spokesperson of the campaign Mohamed Shata said Saturday.

Shata added during a TV"...

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25 Jul 2019

Brilliance to invest $120 in reassembling cars in Egypt

CAIRO – 25 July 2019: Brilliance Auto intends to reassemble its cars in Egypt starting from the first quarter of 2020 with investments of $120 million, General Manager of Brilliance Egypt and agent of Brilliance China Khalid Saad told Enterprise.

Saad added that the company"...

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