Automotive News Middle East

It's been three weeks since war broke out in Iran While effects haven't hit automakers just yet they're on the horizon Automotive. BMW North America CEO Sebastian Mackensen talks about the rollout of the Neue Klasse electric vehicle platform. Japan and South Korea's combined 19 billion used- car export industry is in chaos after Iran shut the Strait of Hormuz leaving. The US-Israel war on Iran has lead to disruptions in Asia's used- car exporting industry with the closure of the Strait of Hormuz.

The Middle East has become a growing high-margin market for the world's luxury and premium carmakers and one they need. Chief foreign correspondent Trey Yingst breaks down reports of an Iranian response to the latest U. S peace proposal and Hamas. Lucid grows in Middle East Report Tesla plant in Mexico Humble Toyota Crown expectations Ford freshens Escape.

President Donald Trump said the ceasefire between the US and Iran was on massive life support after he rejected Tehran's. President Donald Trump and Iran rejected each other's latest peace proposals to end the 10-week conflict as the two sides. Watch Sky News live to find out the latest on what is happening around the world and what is coming up throughout the day.