Latest news with #KIA
The Irish Sun
12 hours ago
- Automotive
- The Irish Sun
UK's best-selling car unveils bold new look with stylish ‘star-point' lights and sleek interior
KIA has unveiled a new-look model of their popular Sportage – and it's gunning to stay one of the UK's favourite SUVs. The Advertisement 3 The model is getting a handsome facelift Credit: Supplied 3 It boasts a new sleek interior For buyers to better understand, they should know that Kia is launching the Sportage in three clear These are named Pure, GT-Line and GT-Line S. Each one comprises a range of plug-in hybrids . Automatic, manual, front and all-wheel Advertisement READ MORE MOTOR NEWS Inside the new The GT-Line S adds a full digital cockpit and a 10-inch head-up display. All versions keep a 1.6-litre turbo engine but each have different levels of hybridisation. The first hybrid starts with 148bhp and a choice of manual or dual-clutch automatic transmission. Advertisement Most read in Motors Full hybrids have jumped 28bhp to 235bhp thanks to a beefier e-motor. Meanwhile, Kia 's plug-in hybrid electric (PHEV) powertrain has gotten the biggest upgrade due to a 42bhp increase in power. The first-ever all-electric MINI JCW Aceman It can now punch out a whopping 283bhp. Kia has remained tight-lipped on the electric-only range's max distance - so shoppers can expect it to remain at roughly 40 miles. Advertisement The car manufacturer is sticking to offering the Sportage in its Euro-centric short-wheelbase form. Models made in the domestic Korean, American and Australasian markets will feature a longer wheelbase The exterior also boasts new colour options - as well as a range of new 17-19-inch wheels. New swipe-down shortcuts and AI voice control make the tech accessible and top of the line. Advertisement Also important to note, is the glossy scratch-prone plastics used in the surround, which have been binned for a tougher brushed metal trim. Since 2022, Brits have snapped up over 124,000 Sportages and sales have often topped monthly charts. Rivals like VW's Tiguan and Hyundai's Tucson are worthy competitors in the SUV market. But the Advertisement The old model already looks great, drives sweetly, and has the right mix of hybrid engines, useful tech and practicality. And it starts from just £29,000. The Sportage has been dubbed the "do-it-all family SUV". 3 Brits snapped up over 124,000 Sportages last year Credit: Supplied Advertisement
Scottish Sun
12 hours ago
- Automotive
- Scottish Sun
UK's best-selling car unveils bold new look with stylish ‘star-point' lights and sleek interior
In 2024, Kia sold 112,252 cars in the UK making it the fourth best-selling brand FRESH FACE UK's best-selling car unveils bold new look with stylish 'star-point' lights and sleek interior KIA has unveiled a new-look model of their popular Sportage – and it's gunning to stay one of the UK's favourite SUVs. The Sportage's facelift brings together a bolder EV-style body with "star-point" LEDs and chunkier bumpers. 3 The model is getting a handsome facelift Credit: Supplied 3 It boasts a new sleek interior For buyers to better understand, they should know that Kia is launching the Sportage in three clear lines. These are named Pure, GT-Line and GT-Line S. Each one comprises a range of electrified powertrains made up from petrol, hybrid and plug-in hybrids. Automatic, manual, front and all-wheel drive are all available. Inside the new cutting-edge model is a slick 12.3-inch touchscreen and a clutter-free dashboard. The GT-Line S adds a full digital cockpit and a 10-inch head-up display. All versions keep a 1.6-litre turbo engine but each have different levels of hybridisation. The first hybrid starts with 148bhp and a choice of manual or dual-clutch automatic transmission. Full hybrids have jumped 28bhp to 235bhp thanks to a beefier e-motor. Meanwhile, Kia's plug-in hybrid electric (PHEV) powertrain has gotten the biggest upgrade due to a 42bhp increase in power. The first-ever all-electric MINI JCW Aceman It can now punch out a whopping 283bhp. Kia has remained tight-lipped on the electric-only range's max distance - so shoppers can expect it to remain at roughly 40 miles. The car manufacturer is sticking to offering the Sportage in its Euro-centric short-wheelbase form. Models made in the domestic Korean, American and Australasian markets will feature a longer wheelbase The exterior also boasts new colour options - as well as a range of new 17-19-inch wheels. New swipe-down shortcuts and AI voice control make the tech accessible and top of the line. Also important to note, is the glossy scratch-prone plastics used in the surround, which have been binned for a tougher brushed metal trim. Since 2022, Brits have snapped up over 124,000 Sportages and sales have often topped monthly charts. Rivals like VW's Tiguan and Hyundai's Tucson are worthy competitors in the SUV market. But the Kia Sportage was crowned the UK's best selling car of 2024. The old model already looks great, drives sweetly, and has the right mix of hybrid engines, useful tech and practicality. And it starts from just £29,000. The Sportage has been dubbed the "do-it-all family SUV".
Arabian Business
15 hours ago
- Business
- Arabian Business
Kuwait Investment Authority enters AI race by joining MGX-backed AIP
Kuwait Investment Authority (KIA) has taken its first major step in the artificial intelligence space when it became the first non-founder financial anchor investor to join the AI Infrastructure Partnership (AIP), which was created last year by Abu Dhabi-based MGX, Microsoft, BlackRock and Global Infrastructure Partners (GIP, a part of BlackRock). KIA is the sovereign wealth fund of Kuwait and is one of the largest in the world, with approximately US$1 trillion in assets under management. AIP was created in September last year to help mobilise US$30 billion of equity capital from investors, asset owners, and corporations, with the potential to reach up to US$100 billion when including debt financing. Over the past year, it has become one of the world's leading AI infrastructure platforms with the addition of technology partners NVIDIA, xAI, and Cisco, as well as agreements with GE Vernova and NextEra Energy to help accelerate the scaling of energy solutions for AI data centers. KIA's addition reinforces AIP's global reach and strategic impact as it accelerates investment in next-generation AI infrastructure. It underscores the partnership between leading regional and global institutions in advancing the infrastructure and innovation needed to power the future of artificial intelligence. Sheikh Saoud Salem Abdulaziz Al-Sabah, Managing Director of the Kuwait Investment Authority, commented: 'KIA's participation in AIP reflects our long-term commitment to investing in transformative global infrastructure that drives innovation and economic progress. We view AI infrastructure as an instrumental driver of future growth, and we are proud to collaborate with leading global partners to accelerate its development at scale.' Ahmed Yahia Al Idrissi, Managing Director and CEO of MGX, added: 'We are delighted to welcome KIA as a strategic capital partner, marking a significant milestone that further reinforces the strength and long-term vision of the AIP Partnership. As the demand for AI infrastructure continues to rise, we must scale our investments and accelerate the pace of execution, working with our global partners.'
Dubai Eye
a day ago
- Business
- Dubai Eye
Kuwait Investment Authority joins AI Infrastructure Partnership
MGX, BlackRock, Global Infrastructure Partners (GIP)- a part of BlackRock- and Microsoft have welcomed the Kuwait Investment Authority (KIA) to the AI Infrastructure Partnership (AIP), further reinforcing AIP's global reach and strategic impact as it accelerates investment in next-generation AI infrastructure. KIA is the first non-founder financial anchor investor to join AIP. With decades of deep investment experience, KIA is "well positioned to support AIP's growth and help execute its global strategy." Established in September 2024 by BlackRock, Global Infrastructure Partners (GIP), MGX, and Microsoft, AIP was created to help mobilise $30 billion in equity capital from investors, asset owners, and corporations, with the potential to reach up to $100 billion when including debt financing. Over the past year, it has become one of the world's leading AI infrastructure platforms with the addition of technology partners NVIDIA, xAI, and Cisco, along with agreements with GE Vernova and NextEra Energy to help accelerate the scaling of energy solutions for AI data centres. Sheikh Saoud Salem Abdulaziz Al-Sabah, Managing Director of KIA, said: 'KIA's participation in AIP reflects our long-term commitment to investing in transformative global infrastructure that drives innovation and economic progress. We view AI infrastructure as an instrumental driver of future growth, and we are proud to collaborate with leading global partners to accelerate its development at scale.' The partnership announcement coincided with His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court's official visit to Kuwait. It is one of many agreements signed between Emirati and Kuwaiti entities in sectors ranging from technology, diplomacy, justice, defence, education, and social affairs.
Business Wire
a day ago
- Business
- Business Wire
MGX, BlackRock, Global Infrastructure Partners, and Microsoft Welcome Kuwait Investment Authority (KIA) to the AI Infrastructure Partnership
KUWAIT CITY & ABU DHABI, United Arab Emirates & NEW YORK--(BUSINESS WIRE)--MGX, BlackRock, Global Infrastructure Partners (GIP), a part of BlackRock, and Microsoft today announced that the Kuwait Investment Authority (KIA) will join the AI Infrastructure Partnership (AIP). This addition further reinforces AIP's global reach and strategic impact as it accelerates investment in next-generation AI infrastructure. KIA's participation underscores the partnership between leading regional and global institutions in advancing the infrastructure and innovation needed to power the future of artificial intelligence. KIA is the first non-founder financial anchor investor to join AIP. With decades of deep investment experience, KIA is well positioned to support AIP's growth and help execute its global strategy. Established in September 2024 by BlackRock, Global Infrastructure Partners (GIP), MGX, and Microsoft, AIP was created to help mobilize $30 billion of equity capital from investors, asset owners, and corporations, with the potential to reach up to $100 billion when including debt financing. Over the past year, it has become one of the world's leading AI infrastructure platforms with the addition of technology partners NVIDIA, xAI, and Cisco, along with agreements with GE Vernova and NextEra Energy to help accelerate the scaling of energy solutions for AI data centers. Sheikh Saoud Salem Abdulaziz Al-Sabah, Managing Director of the Kuwait Investment Authority (KIA), said, 'KIA's participation in AIP reflects our long-term commitment to investing in transformative global infrastructure that drives innovation and economic progress. We view AI infrastructure as an instrumental driver of future growth, and we are proud to collaborate with leading global partners to accelerate its development at scale.' Ahmed Yahia Al Idrissi, Managing Director and CEO of MGX, said, 'We are delighted to welcome KIA as a strategic capital partner, marking a significant milestone that further reinforces the strength and long-term vision of the AIP Partnership. As the demand for AI infrastructure continues to rise, we must scale our investments and accelerate the pace of execution, working with our global partners.' Bayo Ogunlesi, Chairman and CEO of Global Infrastructure Partners, a part of BlackRock, said: 'We are pleased to welcome KIA as a partner in AIP. We have a longstanding and deep relationship with KIA and we look forward to working with them and our other partners to position AIP at the forefront of helping to further our joint ambition to enhance AI innovation and economic growth.' Forward-Looking Statements This press release, and other statements that the parties may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the parties' or AIP's future financial or business performance, strategies or expectations, including the anticipated timing, consummation and expected benefits of AIP. Forward-looking statements are typically identified by words or phrases such as 'trend,' 'potential,' 'opportunity,' 'pipeline,' 'believe,' 'comfortable,' 'expect,' 'anticipate,' 'current,' 'intention,' 'estimate,' 'position,' 'assume,' 'outlook,' 'continue,' 'remain,' 'maintain,' 'sustain,' 'seek,' 'achieve,' and similar expressions, or future or conditional verbs such as 'will,' 'would,' 'should,' 'could,' 'may' and similar expressions. The parties caution that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time and may contain information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any projections or forecasts made will come to pass. Forward-looking statements speak only as of the date they are made, and the parties assume no duty to and do not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. Certain of the parties have previously disclosed risk factors in their respective United States Securities and Exchange Commission ('SEC') reports. These risk factors and those identified elsewhere in this release, among others, could cause actual results to differ materially from forward-looking statements or historical performance. Such parties' Annual Reports on Form 10–K, Quarterly Reports on Form 10-Q and subsequent filings with the SEC, accessible on the SEC's website at and on the applicable party's website, discuss certain of these factors in more detail and identify additional factors that can affect forward–looking statements. The information contained on each party's website is not a part of this press release, and therefore, is not incorporated herein by reference.
