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Automobile bridge at Turkmen-Iran border nearly ready
June 27, 2017
Turkmenistan is completing construction of an automobile bridge across the Tejen River at the Serakhs-Sarakhs (Turkmenistan-Iran) checkpoint, Turkmen Deputy Prime Minister for Transport and Communications Dadebay Amangeldiev said. He made the remarks June 24 at a government meeting in Turkmenistan, the country’s government said in a message. The length of the bridge"...
Peugeot 2008 Buyers in Iran Get a Raw Deal
June 25, 2017
Iran Khodro Company, the largest automaker in Iran, has started the presale of its new Peugeot 2008 crossover without announcing the final price. IKCO is now taking 600 million rials ($16,000) as down payment for the car, Asbe Bokhar reported. According to laws governing auto presale in the country, carmakers may not receive more than 50% of total price as deposit; thus"...
Confederate Fighter Creates Mayhem As Cool Motorcycle Punk, Mohawk, In Transformers: The Last Knight
June 23, 2017
(ME NewsWire)-- Confederate Motorcycles, creator of the world’s most exotic road-going machines, has announced that its most advanced motorcycle yet, the P51 Combat Fighter, has been included in the production of Transformers: The Last Knight. The global luxury brand is excited to confirm that the Decepticon, Mohawk, will appear as a Fighter in its disguised vehicle form. H. Matthew Chambers, CEO of Confederate Motorcycles, said: “The Fighter is pure yang power born to raise hell, so his transformation into the knife wielding, mayhem-causing, motorcycle punk is logical and interesting.” Of the 61 Combat Collection special editions, each hand built by Confederate’s highly-skilled master craftsmen at its Birmingham headquarters, only two remain available for reservation. Transformers: The Last Knight is now showing in theaters worldwide. Confederate Motors, Inc. (CFED)......
XPRIZE Announces Teams Advancing in $15M Global Learning XPRIZE at EdTechXEurope
June 22, 2017
(ME NewsWire)-- Today, XPRIZE, the world’s leader in designing and managing incentive competitions to solve humanity’s grand challenges, announced 11 semi-finalists advancing in the $15M Global Learning XPRIZE. Announced at this year’s EdTechXEurope, XPRIZE is challenging these semi-finalist teams to develop open source and scalable software that will enable children in developing countries to teach themselves basic reading, writing and arithmetic within 15 months. “Throughout my career, I’ve seen the many ways technology has evolved to help children access an education they may otherwise not have,” said Matt Keller, senior director of the Global Learning XPRIZE. “What most excites XPRIZE about these semi-finalist teams is the possibility that their innovative software solutions can exponentially transform the way learning happens across the world,......
Australian Automotive Manufacturing Plants Shutting Down Operations
June 22, 2017
(ME NewsWire)-- Hilco Industrial Acquisitions B.V. (www.hilcoind.com) announced today that it will lead the disposition process for a massive machinery and equipment asset sale which will effectively shut down the automobile manufacturing business on the Australian Continent. The sale comes because of the recent closure of all Toyota Australia manufacturing operations, the last remaining auto production facility remaining on the continent. This unprecedented auto equipment sale will include all the key production shops and vendors that have been part of the manufacture of cars in Australia for over 60 years. All the equipment will be offered for sale via private treaty from their production shops including aluminum casting, furnaces, engine line machining, assembly, robotic automation, presses, extruders, plastic injection molding machines, welding lines and plant services. Certain key machinery......
Chinese Automaker JAC Motors Exhibited at Expo 2017 Held in Kazakhstan
June 19, 2017
(ME NewsWire)-- At the ongoing Expo 2017 in Astana, the leading Chinese automaker JAC Motors and its Kazakhstani distributor showcased three models: the S3, the iEV6S and the iEV5. Echoing the theme of China Pavilion, “Future Energy, Green Silk Road”, JAC also took the opportunity to exhibit their latest green energy vehicle technologies and concepts. Making a mark in Kazakhstan As an important nation along the corridor, Kazakhstan connects China with Central Europe via “the Belt and Road” economic zone. The country covers a large region of Central Asia and Eastern Europe and is one of JAC’s most valuable markets. In March 2015, with the blessing of China’s Premier Li Keqiang and Kazakhstan’s Premier Karim Masimov, JAC and its distributor Allur Group, officially signed the KD assembly licensing agreement. As per the agreement, Allur Group, a Kazakhstan automotive company, will be responsible for the assembly of all JAC cars. By signing this agreement, JAC is expected to meet the demands in Russia and neighboring countries and......
GCC BORGWARD Distributors Experience SUV’s Unparalleled Performance
June 18, 2017
BORGWARD Group AG, the global automotive manufacturer, invited distributors and VIP guests from the GCC to Germany for a thrilling, once-in-a-lifetime driving adventure in BX5 and BX7 vehicles. The following local distributors were in Germany to experience first-hand the rich and innovative racing history and the new “Accessible Premium” of the reborn BORGWARD brand: Bahrain:"...
GE Signs $575 Million Agreement with Ministry of Transportation and Egyptian National Railways to Help Transform Rail Infrastructure in Egypt
June 18, 2017
(ME NewsWire)-- GE (NYSE: GE) announced today that it signed a Letter of Intent with the Ministry of Transportation (MoT) and Egyptian National Railways (ENR), worth $575 million, to supply 100 GE ES30ACi Light Evolution Series Locomotives that can be used for both passengers or freight rail, as well as a 15-year agreement for parts and technical support for GE locomotives in ENR’s new and current fleet. The agreement, which is the largest ever between the parties, also includes"...
Iran JV to Launch Peugeot 508
June 18, 2017
The joint venture between France's Peugeot and Iran Khodro, IKAP, has announced that the presale of Peugeot 508 will commence in the next few weeks, but failed to give a price. The car will be sold first under its sports variant called the GT line, which claims to offer a better level of comfort and sportier features, according to local auto blog Asbe Bokhar. It has"...
Minister: Iran, Austria to produce fuel-efficient cars
June 12, 2017
An Iranian and Austrian company have agreed to manufacture fuel-efficient cars, said minister of industry, mine and trade. Speaking during a meeting with an Austrian delegation in Tehran, Mohammadreza Nematzadeh said the agreement is part of a bilateral cooperation accord which was reached a year ago, ISNA reported. He added that the two sides have embarked on a project"...
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