Carlyle Group has said it will struggle to match its 2017 investment gains this year, due to the volatile stock market and rising interest rates. It reported bumper fourth-quarter earnings last year, with its private equity funds rising by eight per cent in the last three months. Its fourth-quarter economic net income per adjusted unit [...]

Al Ahlia Insurance Company, Oman’s most progressive insurance company, has announced what it claims to be a revolutionary new proposition for motor insurance. The company now offers a repair-time guarantee and vehicle return in five days for minor repairs. Additionally, customers are also guaranteed a compensation amounting to RO7 per day in cash, for any [...]

In January 2018 the Volkswagen brand handed over 533,500 vehicles to customers throughout the world. Deliveries were therefore 7.1% above the figure for the corresponding month of the previous year. Jürgen Stackmann, Volkswagen brand board member for sales commented, ‘Volkswagen Passenger Cars has started the new year with considerable momentum. I am pleased that we [...]

Polestar has started construction of a new headquarter building located in Torslanda, Sweden, on the same campus as the main Volvo Cars head offices and factory. ‘The new Polestar headquarters will be the heart and home of our growing team,’ said Thomas Ingenlath, CEO of Polestar. ‘It is an architectural translation of what our brand [...]

Uber and Waymo have reached a settlement over claims Uber stole trade secrets from the self-driving company. As part of the agreement, Uber is giving a 0.34% Uber stake to Waymo, worth approximately $245m (£177m). Uber has also agreed not to use Waymo’s technology in its self-driving cars, though it maintains it never did. Uber’s [...]