Recent encouraging figures from a swathe of auto manufacturers around the world — from General Motors, Chrysler and Ford to Nissan, Subaru and Honda — show that the international automotive industry has pulled itself out of the global recession.
CHINESE cars have not only been steadily increasing their presence in Saudi Arabia and elsewhere across the Middle East but have been making inroads for their luxury versions in recent years.
World financial crises or not, Saudi Arabia has remained largely insulated from the waves of misfortune washing over some countries. The occasional fiscal ripple breaks on the sandy shores of the Kingdom but quickly disperses. The market in the luxury segment, particularly in the upper segment, has been stagnant over the last few years, said Amr Dajani of the M. A. Naghi and Sons group.