A continuing Iran war could destabilize the larger Gulf region, an increasingly important profit center for luxury automakers challenged elsewhere.
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The instability brought on by the Iran war and rising geopolitical tensions pose a threat to automakers with a presence in the Middle East.
European luxury and high-performance brands such as Porsche
, Mercedes-Benz
, BMW
Oil prices above $100 per barrel, rising fuel costs for consumers and shortages of metals and petrochemicals refined in the Gulf…
While regional sales will be impacted, the closing of the Strait of Hormuz and rising oil prices will have ripple effects across…
Supercar engines rely on base oils because they can withstand extreme heat, high revs and intense pressure.
Dubai in the UAE has been the biggest driver of growth in recent years, and the Middle East tensions come at a critical time in…
GM CEO Mary Barra said the Detroit automaker continues to monitor any change in customer spending, but so far, the company's…
Fashion retailer Next has accounted for millions in additional costs likely to arise from the Middle East conflict
