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Al-Futtaim launches Toyota GR Sport Land Cruiser in UAE

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Dubai: Al-Futtaim has revealed that Toyota has unveiled the much-anticipated GR Sport model of the Land Cruiser in the region, boosting the profile of one of the best performing off-road vehicles in the Middle East. This car offers unparalleled performance on various roads and is complemented by a spacious and high quality interior that guarantees a refined experience on every journey.

Since its launch in 1951, the Land Cruiser has maintained its position among the most preferred choices among customers, thanks to Toyota’s high quality, durability and reliability that reflects its solid experience in this field. The new model, released after 70 years, features unprecedented improvements in the chassis and powertrain of the SUV segment.

The Land Cruiser debuted at the world’s toughest Dakar rally in 1995 and has not retreated in the commercial car segment for more than 25 years. Improvements in the new Land Cruiser (300 Series) and especially the GR Sport are the result of more than 25 years of experience from this highly competitive sporting event. The company has benefited from the feedback of drivers participating in the development of the GR Sport model, improving the car’s safety and driving ease and improving its ability to cope with even the most difficult driving conditions. The Land Cruiser team plans to take part in the Dakar Rally on the GR Sport (300 Series) from 2023.

Although Toyota has adopted its new DNGA platform, Toyota reaffirms its confidence in the design dimensions of the car that engineers who have proven its performance have maintained unchanged. These new improvements came as the car reduced its weight, reduced its center of gravity, adopted a new powertrain, added new components to the interior and exterior designs, and improved safety features; Toyota’s technical expertise has been accumulated over the years and the latest technologies.

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The new GR Sport model is unique with new exclusive features, including an electronic dynamic suspension system for the first time in the world, which controls stability and stability adjustment as it helps increase driving and stability in the city. The performance of the car is improved because it automatically adjusts independently with the front and rear dampers, and delivers precise adjustments to different road conditions and individually for each wheel position to ensure greater stability.

In addition, the new 3D Terrain Monitor helps the driver determine the condition of the roads around the vehicle, a new technology in Toyota vehicles that makes steering and maneuvering safe and reliable at low speeds. The automatic adjustment system improves the capabilities of many landscaping systems by making the necessary changes to suit the nature of road surfaces, whether sand, rock, dirt or mud, and also includes a feature when the car has a crawl control system and cornering.

The GR Sport model has a torque-sensitive finite slip variation that helps improve off-road performance, with a unique radiator grille, exceptional front and rear bumpers, exclusive wheel curve and swingarm fit, unique rear mudguards and a stylish logo on the front, and rear. Two distinctive stickers on the back doors and a special car logo. This car is unique in its interior design, with a unique leather steering and a special tag-off screen, as well as the GR logo on the front seats and carbon fiber power panels.

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Economy

Dubai Taxi increases the number of shares allocated to individuals in the public contribution

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Dubai Taxi increases the number of shares allocated to individuals in the public contribution

Dubai Taxi

Dubai Taxi Company on Tuesday announced that it will increase the number of shares allocated from its initial public offering to individual investors in the UAE in response to strong demand for their shares, and instead, it will reduce the number of shares allocated to professional investors. 25 percent of the total shares of the company remain unchanged.

Dubai Taxi reported that the number of shares allotted to individual investors in the UAE has been increased from 62.475 million to 74.970 million ordinary shares, following the approval of the Securities and Commodities Authority.

Based on the previously announced price range of between 1.8 and 1.85 dirhams per share, the value of the shares allocated to the individual investor segment will now be approximately 135 to 139 million dirhams, which, compared, would represent 12 percent of the size of the initial offering. to the earlier announced 10 per cent.

The offer size remains unchanged at 624.750 million ordinary shares, representing 24.99 percent of the total issued shares in the company’s capital. As a result of the increase in shares allocated to the category of individual investors in the UAE, 549.780 million ordinary shares will be allocated to the category of qualified investors instead of 562.275 million ordinary shares, representing 88 percent of the total offering shares. 90 percent of the previously reported.

As the subscription period for individual investors in the UAE ends on November 28, 2023, the subscription period for qualified investors ends on November 29.

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The offering is expected to be completed and listed shares accepted on December 7, 2023, subject to market conditions and receipt of relevant regulatory approvals in the UAE, including approval for listing and trading on the Dubai Financial Market. Report.

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Economy

“Tik Tok” is cutting hundreds of jobs in video games industry – UAE Breaking News

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“Tik Tok” is cutting hundreds of jobs in video games industry – UAE Breaking News

Chinese tech giant ByteDance, which owns the TikTok app, has decided to cut hundreds of jobs at its gaming unit, an informed source told AFP on Monday, reflecting the group’s retreat from the highly competitive video game industry.

“News,” a Beijing-based video game publisher affiliated with Byte Dance, is currently conducting a round of layoffs that will affect “hundreds of people,” the source said.

A Byte Dance spokesperson said in a statement, “We continue to review our business and make changes to focus on areas of long-term strategic growth.” “Following a recent review, we have made the difficult decision to restructure our gaming division.”

The decision to exit the video games industry comes despite Byte Dance’s large investments in Newverse over the past years in an effort to catch up with video games leader Tencent.

A source told AFP that although the sector’s size would decrease significantly, the current cuts did not represent a complete shutdown of the sector.

The source indicated that the staff reductions are aimed at helping ByteDance focus on its core business and streamline its organizational structure, with games not yet launched slated to close in December.

Games with active players, including the popular action game, the source said Atlan’s CrystalThe company will continue its operations as it seeks to diversify assets.

Launched in 2019 in an attempt to challenge Tencent’s dominance, Neoverse failed to achieve the commercial success that Byte Dance had hoped for.

China-based tech giant Tencent dominates the Asian market and is the biggest player in the global video game industry by revenue, investing in game studios around the world.

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Economy

Report: Platform X could lose $75 million as advertisers quit

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Report: Platform X could lose $75 million as advertisers quit

The “X” platform (formerly Twitter) is at risk of losing about $75 million within a year of its takeover by Elon Musk, a new report has revealed, amid a rapid withdrawal of advertisers.

According to the information published in the newspaper The New York TimesX’s ad department losses are the result of the withdrawal of more than 200 advertisers over the course of a year, including Amazon, Apple and Airbnb.

Since November 2022 Musk’s acquisition of controversial content publishers.

Anti-establishment

Advertisers’ pushback accelerated this November when Elon Musk made a comment endorsing a comment that was characterized as anti-Semitic. There he said: “I told the real truth”, “Jewish communities support hate. Of white people” and Musk tried to backtrack. Without evidence of what he wrote, he suggested he was primarily talking about his opponents in the Anti-Defamation League.

The US newspaper’s statement comes after Musk and others, as well as showing their ads next to anti-Semitic and hateful posts.

Although the platform’s CEO Linda Yaccarino acknowledged that some companies’ ads appeared with infringing content, X continued to sue.

It is reported that the public relations agency “11:11“, the star joins Paris Hilton, who has severed her partnership with X due to Musk’s position.

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