Tug News Roundup: July 11 Highlights Global Design Successes
Recent deliveries include tugs for Australia and Egypt. Polestar Maritime orders two more tugs from Cochin Shipyard. Svitzer expands in...
Cars
Oman to Implement First Personal Income Tax in the Gulf Region
Oman is set to be the first Gulf country to introduce personal income tax. The new personal income tax will...
BYD Begins Assembling EVs at New Factory in Brazil
BYD is set to start assembling EVs in Bahia, Brazil. The plant's goal is to produce 50,000 vehicles by 2025....
Japan, South Korea, Malaysia Among 14 Nations Facing Tariffs
Japan and South Korea face 25% tariffs effective August 1. Potential price hikes for cars, electronics, and essential goods. Tariffs...
The New Frontier in Medtech: Navigating China-EU Trade Tensions for Investment Gains
China and EU trade tensions impact medical device supply chains. The EU's International Procurement Instrument will limit Chinese firms' access....
Daimler Truck Plans Senegal Assembly Plant in Tripartite Deal
Daimler Truck plans to build a truck assembly plant in Senegal. The plant is scheduled to begin production in 2026...
Renault Celebrates Production of Morocco’s First Fully Electric Quadricycle
Renault's Tangier factory produced Morocco's first fully electric quadricycle. The Mobilize DUO is primarily designed for urban transport and export...
Tim Mayer to Challenge Mohammed Ben Sulayem in FIA Election
Tim Mayer announces his candidacy against Mohammed Ben Sulayem in the FIA election. The FIA election is set for December...
Oman’s Karwa Motors Partners with Belarus’ MAZ for Joint Vehicle Production
Oman’s Karwa Motors and Belarus’ MAZ form a joint venture for vehicle manufacturing. Karwa Motors operates primarily in the local...
BYD Cancels Plans for Mexico Manufacturing Plant Amid Geopolitical Tensions
BYD cancels plans for a factory in Mexico due to geopolitical tensions. The Mexican plant was projected to produce 150,000...
