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An Abu Dhabi-based investment firm has entered a non-binding agreement to buy 100% of McLaren’s automotive business, including a stake in the McLaren Group. This past April, Mumtalakat, the sovereign wealth fund of the Kingdom of Bahrain, wholly acquired McLaren Automotive and the McLaren Racing Formula One team.
Ford sees sales surge in Saudi Arabia with EVs en route More people are buying Ford’s vehicles in The Middle East than ever. The American automaker is growing in key regions, including the United Arab Emirates, Kuwait, Bahrain, Qatar, and Saudi Arabia. Ford said it’s currently the fastest-growing auto brand in Saudi Arabia.
With EV call for slowing at house, and firms dealing with considerable import price lists in america in addition to a Ecu Union probe into Chinese language subsidies, automakers view the patch as a big enlargement alternative that, thus far, is in large part untapped. of the passenger-vehicle marketplace. Chery Car Co.
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