Ford and Toyota have entered into a "memorandum of understanding" to develop rear-wheel-drive hybrid systems for trucks and SUVs.
The "equal partners" agreement is expected to result in a petrol-electric hybrid system different from that used in the Prius or other current hybrid, front-wheel-drive cars. The point is to have a more fuel-efficient system for trucks while still keeping the same driving dynamics.
"The importance here is in reducing the cost of ownership ... without compromising the ability to deliver the towing capacity and durability customers have come to expect," Derrick Kuzak, head of Ford's global product development, told the Detroit Free Press.
The system is expected to be ready by the end of the decade, about when the higher North American Corporate Average Fuel Economy standards will be implemented for car makers.
The same hybrid powertrain is intended to be used by both companies in their vehicles, though no specific models were given by either company.
Ford and Toyota will also work on improving in-vehicle communications.
1934 Voisin C-25 wins prestigious Concours d'Elegance award
Each year about 200 of the finest cars in the world descend on the 18th hole at Pebble Beach Golf Links, California, one of the most famous courses in the world, to compete for the prestigious title of Concours d'Elegance.
Dating back more than 60 years, the event is hotly contested and this year's "Best in Show" has been named as a 1934 Voisin C-25 Aerodyne, owned by Peter Mullin, of Mullin Automotive Museum, California.
The C-25, created by French pioneer Gabriel Voisin, had a 3.0L inline-six engine producing just more than 100hp. There were three variants made - the Cimier, Clariere and the Aerodyne - and only 28 vehicles were produced in total so they are very rare and desirable cars.
Despite that, Mullin has 15 Voisin creations in his collection, in addition to Bugattis, Talbot Lagos and Delahayes.
"I'm a total French car nut," he said. "French cars are the ultimate in automotive design, technology and performance."
And it's clear from this year's result that the judges agree with Mullin's estimation.
Records fall at car auctions
A Ferrari race car has become the most expensive car ever sold at auction, while Hollywood legend Steve McQueen's Porsche 911S from the 1971 movie Le Mans has sold for more than US$1 million.
At the Gooding & Company auction in Monterey, California last week, a 1957 Ferrari Testa Rossa sold for US$14.9 million (Dh54.7 million), or about $16.4 million including a buyer's premium.
The previous record holder was also a Testa Rossa, which sold for $12.4 million in 2009.
Meanwhile, the iconic sports car owned by McQueen went for US$1,375,000 (Dh5.05m) at RM Auctions in Monterey. It is the highest price for any Porsche 911 sold at auction.
In addition to its starring role in the film, the 1970 grey 911S was used as McQueen's personal transport during the movie's production, later joining his own stable of cars at his home in California.
The sale of the 911S was RM's 200th million-dollar-plus car sold at auction.
Other highlights of the sale were a 1967 Ferrari 275 GTB/4 Berlinetta, which sold for US$1.5m, and an 1899 Columbia Electric Landaulet, which sold for US$550,000 - the highest price ever for an electric car sold at auction.
Skoda beats speed record for production cars with 365kph run
You may have to do a double-take but it's official: Skoda's Octavia is the fastest 2.0L forced induction production car ever.
The modified Octavia vRS hatch hit 365kph on the salt flats at Bonneville Speed Week in Utah, US, this month, smashing the previous record of 347kph set in August 1998.
Skoda UK put together a team to challenge the record and came up with the 600hp "salt spec" racer, built to mark the 10th anniversary of the vRS performance badge.
The Octavia's outing consisted of two official runs of Bonneville's famous five-mile(8km) course, the first at 362kph and a return run at 367kph.
Robert Hazelwood, director of Skoda UK, said: "This is a truly stunning achievement.Our goal was to break 200mph [321kph] as a celebration of 10 years of vRS, and we have achieved that, and significantly more. The success is a tribute to everyone who has worked so tirelessly and with such passion for Skoda."
Bugatti lays plans for Dh9m follow-up to its plush Veyron
Bugatti chiefs are to decide within weeks whether to produce the Bugatti Galibier, the Dh9 million concept car, to supercede the now legendary Veyron.
Revealed at the Frankfurt Motor Show two years ago, the powerful four-door saloon concept is expected to succeed the Veyron, with the car hitting showrooms by as early as autumn 2013.
Wolfgang Dürheimer, Bugatti's chief executive, said engineers have been "deeply involved" for months in getting the vehicle fit for production at its plant in Molsheim, France.
Dürheimer also implied that the Galibier will have a sub-three second 0-100kph time and a top speed of more than 385kph.
Bugatti is thought to be planning production of between 500 and 1500 cars, in several models, over a period of five or six years.
Dürheimer would not be drawn on a price, only saying "it's the last thing we'll decide," but customers should expect to pay in the region of Dh9m.
Sholto Byrnes on Myanmar politics
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Homie%20Portal%20LLC%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20End%20of%202021%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EAbdulla%20Al%20Kamda%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20Undisclosed%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2014%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ELaunch%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
Bombshell
Director: Jay Roach
Stars: Nicole Kidman, Charlize Theron, Margot Robbie
Four out of five stars
MATCH INFO
World Cup qualifier
Thailand 2 (Dangda 26', Panya 51')
UAE 1 (Mabkhout 45 2')
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
PROFILE
Name: Enhance Fitness
Year started: 2018
Based: UAE
Employees: 200
Amount raised: $3m
Investors: Global Ventures and angel investors
How it works
Each player begins with one of the great empires of history, from Julius Caesar's Rome to Ramses of Egypt, spread over Europe and the Middle East.
Round by round, the player expands their empire. The more land they have, the more money they can take from their coffers for each go.
As unruled land and soldiers are acquired, players must feed them. When a player comes up against land held by another army, they can choose to battle for supremacy.
A dice-based battle system is used and players can get the edge on their enemy with by deploying a renowned hero on the battlefield.
Players that lose battles and land will find their coffers dwindle and troops go hungry. The end goal? Global domination of course.
Top 5 concerns globally:
1. Unemployment
2. Spread of infectious diseases
3. Fiscal crises
4. Cyber attacks
5. Profound social instability
Top 5 concerns in the Mena region
1. Energy price shock
2. Fiscal crises
3. Spread of infectious diseases
4. Unmanageable inflation
5. Cyber attacks
Source: World Economic Foundation
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
The specs: 2017 Dodge Ram 1500 Laramie Longhorn
Price, base / as tested: Dhxxx
Engine: 5.7L V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 556Nm @ 3,950rpm
Fuel economy, combined: 12.7L / 100km
The Sheikh Zayed Future Energy Prize
This year’s winners of the US$4 million Sheikh Zayed Future Energy Prize will be recognised and rewarded in Abu Dhabi on January 15 as part of Abu Dhabi Sustainable Week, which runs in the capital from January 13 to 20.
From solutions to life-changing technologies, the aim is to discover innovative breakthroughs to create a new and sustainable energy future.
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Roll%20of%20Honour%2C%20men%E2%80%99s%20domestic%20rugby%20season
%3Cp%3E%3Cstrong%3EWest%20Asia%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Bahrain%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Jebel%20Ali%20Dragons%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%201%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Sharks%0D%3Cbr%3ERunners%20up%3A%20Abu%20Dhabi%20Harlequins%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%202%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%20III%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Sharks%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDubai%20Sevens%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%3C%2Fp%3E%0A
Last 10 NBA champions
2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
Motori Profile
Date started: March 2020
Co-founder/CEO: Ahmed Eissa
Based: UAE, Abu Dhabi
Sector: Insurance Sector
Size: 50 full-time employees (Inside and Outside UAE)
Stage: Seed stage and seeking Series A round of financing
Investors: Safe City Group
Results
6.30pm: Al Maktoum Challenge Round-2 Group 1 (PA) US$75,000 (Dirt) 1,900m
Winner: Ziyadd, Richard Mullen (jockey), Jean de Roualle (trainer).
7.05pm: Al Rashidiya Group 2 (TB) $250,000 (Turf) 1,800m
Winner: Barney Roy, William Buick, Charlie Appleby.
7.40pm: Meydan Cup Listed Handicap (TB) $175,000 (T) 2,810m
Winner: Secret Advisor, Tadhg O’Shea, Charlie Appleby.
8.15pm: Handicap (TB) $175,000 (D) 1,600m
Winner: Plata O Plomo, Carlos Lopez, Susanne Berneklint.
8.50pm: Handicap (TB) $135,000 (T) 1,600m
Winner: Salute The Soldier, Adrie de Vries, Fawzi Nass.
9.25pm: Al Shindagha Sprint Group 3 (TB) $200,000 (D) 1,200m
Winner: Gladiator King, Mickael Barzalona, Satish Seemar.
Everton%20Fixtures
%3Cp%3EApril%2015%20-%20Chelsea%20(A)%3Cbr%3EApril%2021%20-%20N.%20Forest%20(H)%3Cbr%3EApril%2024%20-%20Liverpool%20(H)%3Cbr%3EApril%2027%20-%20Brentford%20(H)%3Cbr%3EMay%203%20-%20Luton%20Town%20(A)%3Cbr%3EMay%2011%20-%20Sheff%20Utd%20(H)%3Cbr%3EMay%2019%20-%20Arsenal%20(A)%3C%2Fp%3E%0A
Brief scores:
QPR 0
Watford 1
Capoue 45' 1