African Energy Chamber
Source: African Energy Chamber |

If oil disappeared tomorrow (By HE Haitham Al Ghais)

If oil disappeared tomorrow, petroleum based-products would vanish with it

By HE Haitham Al Ghais, OPEC Secretary General. If oil disappeared tomorrow, there would be no more jet fuel, gasoline or diesel. Internal combustion engine automobiles, buses, trucks, lorries and coaches would be stranded. Airplanes powered by jet fuel would be grounded. Freight and passenger rail powered by diesel would…

Source: Stellantis |

Stellantis Middle East and Africa Reports Strong 2023 Performance – Advancing Fast Toward Dare Forward 2030 Goals

Stellantis MEA's performance in 2023 reflects a steady alignment with the Dare Forward 2030 strategy, focusing on offering mobility solutions that answer the needs of our customers in the MEA region

Stellantis Middle East and Africa (MEA) (www.Stellantis.com) has shown robust performance in 2023, effectively advancing its Dare Forward 2030 objectives despite global challenges. Key achievements include: Net Revenues up 64% versus 2022 to €10.560 billion Shipments up 43% versus 2022 to 616,100 units Adjusted Operating Income (AOI) up by 111%…

Stellantis
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    • Stellantis, Société Générale and Caetano Squadra Africa Sign an Unprecedented Strategic Collaboration Agreement for Vehicle Sales and Financing in Sub-Saharan Africa
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Source: Stellantis |

Stellantis, Société Générale and Caetano Squadra Africa Sign an Unprecedented Strategic Collaboration Agreement for Vehicle Sales and Financing in Sub-Saharan Africa

Stellantis, in partnership with Societe Generale bank and distributor Caetano Squadra Africa, SA, a Salvador Caetano Group company, announce the signature of a strategic collaboration agreement aimed at facilitating the sale and financing of Stellantis vehicle sales on the African continent

Under this agreement, the parties undertake to work closely together to offer customers a comprehensive range of competitive financial services, in accordance with local laws, applicable credit policies and the market needs of each country concerned. This range of services includes loans, leasing and financial rental contracts, and the sale…

Stellantis
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    • Stellantis Delivers Record Net Revenues, Net Profit, Industrial Free Cash Flows for Full Year 2023
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    • Stellantis Delivers Record Net Revenues, Net Profit, Industrial Free Cash Flows for Full Year 2023 (1)
    • Stellantis Delivers Record Net Revenues, Net Profit, Industrial Free Cash Flows for Full Year 2023 (2) (FR)
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Source: Stellantis |

Stellantis Delivers Record Net Revenues, Net Profit, Industrial Free Cash Flows for Full Year 2023

Net revenues grew 6% y-o-y to €189.5 billion, Net profit rose 11% to €18.6 billion, and Industrial free cash flows increased 19% y-o-y to €12.9 billion

Net revenues of €189.5 billion, up 6% compared to 2022, with consolidated shipment volumes increasing 7%; Net profit grew 11% to €18.6 billion. Adjusted operating income (1) rose 1% to €24.3 billion, with AOI margin of 12.8%; Industrial free cash flows (2) of €12.9 billion, an increase of 19% compared to 2022; Strong…

Source: Forum on China-Africa Cooperation (FOCAC) |

Chinese brands bring quality, affordable cars to Angola: official

More Chinese brands in Angola will enrich the country's automotive market, creating more competition and offering customers quality and affordable products

Chinese vehicle brands are bringing high-quality and affordable cars to Angola, said Amadeu Nunes, the secretary of state for commerce of Angola, during his speech at the opening ceremony of the first 4S store of Great Wall Motors (GWM), on Wednesday, in Luanda, Angola's capital. Nunes said that more Chinese…

Alfa Romeo
Source: Alfa Romeo |

Alfa Romeo “MILANO” History in a name

In April 2024 in Milan, Alfa Romeo will unveil to the world the first Sport Urban Vehicle in its history, which will also be available in a 100% electric version

Its name will be MILANO. Alfa Romeo (www.AlfaRomeo.com) has chosen a name with a strong historical value for the brand’s first Sport Urban Vehicle, faithful to its sporting DNA, which will also be available in a 100% electric version; A clear tribute to its hometown, ambassador of Made in Italy around the…

Source: Stellantis |

Stellantis Starts Production in its Tafraoui Plant in Algeria

The plant represents an initial investment of €200 million and will assemble 90,000 cars annually for Algerian market with over 35% localization rate

Stellantis (www.Stellantis.com) delivers on its commitment made in November 2022; The plant represents an initial investment of €200 million and will assemble 90,000 cars annually for Algerian market with over 35% localization rate; This strategic move illustrates a long-term commitment to the development of the Algerian automotive industry, job creation, and…

Citroen
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    • Citroën Oli Design Team Receives Three Car Design News People Awards 2023 (1)
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Source: Citroen |

Citroën Oli Design Team Receives Three Car Design News People Awards 2023

Citroën Oli concept has a fresh, creative design and showcases Citroën’s innovative take on the future of electric mobility

The Citroën Design Team was rewarded for its concept car OLI [All-ë] by the Car Design News (CDN) People Awards, which aim at celebrating excellence in design for every aspect of its process as well as the design teams behind the car; Citroën (https://www.Citroen.com) won three prizes -the Most Sustainable Design…

China Dongfeng Motor Industry Imp. & Exp. Co. Ltd
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    • The new generation of DONGFENG SHINE is launched at Park Hyaat Hotel in Jeddah, Saudi Arabia
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Source: China Dongfeng Motor Industry Imp. & Exp. Co. Ltd |

The New DONGFENG SHINE Entered Saudi Arabia, and the International Influence of Dongfeng Brand Continued to Increase

The new SHINE appearance is more avant-garde, sports wheels and colored calipers enhance its sports style

On November 28th, local time, the new generation of DONGFENG SHINE was launched at Park Hyaat Hotel in Jeddah, Saudi Arabia, and began to sell in all Dongfeng exhibition halls in Saudi Arabia, opening a new chapter for Dongfeng (www.Dongfeng-Global.com) to enter the Middle East market. On the evening of…

FIAT
Source: FIAT |

When Fiat Topolino meets Topolino, magic happens

FIAT homages Disney's 100th anniversary with an exclusive gift, by designing 5 theme-based versions of the new Fiat Topolino dedicated to Mickey Mouse

A FIAT (https://www.FIAT.com) tribute to the 100th Disney anniversary: five unique Fiat Topolino, four designed by FIAT Centro Stile inspired by Disney Creatives and one with the participation of the Disney artist Giorgio Cavazzano; A longstanding relationship dating back to the 1930s: Topolino is the Italian name of Mickey Mouse, and…