Cherry Trading said the credit facilities will be utilized to purchase vehicles for long-term lease customers Cherry Trading Co. signed today, Dec. 21, a Shariah-compliant credit facility deal worth SAR 250 million with Alinma Bank, according to a Tadawul filing. The three-year financing is covered by a promissory note and the assignment of proceeds. The loan will be utilized to purchase new vehicles for long-term lease customers, the statement added, indicating that no related parties were incl...

American car manufacturer Ford has recalled more than 270,000 pickup trucks and SUVs with electric and hybrid drives, some of which have been sold in the US for years. When left in park mode, due to a software error that controls the transmission, these vehicles may not remain locked and can move on their own, even on a downhill slope, or be easier to steal. Ford has announced that it will update the parking mode module software at no cost to prevent this issue from occurring. The Detroit automa...

Counties Manukau Police have arrested one person in a bizarre incident when carrying out patrols in an unmarked vehicle last night. Inspector Kerry Watson said officers on duty noticed a station wagon following them equipped with a flashing bar of red and blue lights – a typical Police signal for the vehicle in front of them to pull over to the side of the road. “Our officers were perplexed and quickly clocked the car was not Police-official. It took a few moments for the impersonato...

A Los Angeles jury returned a “not guilty” verdict in the case of a tow truck driver who was charged with theft for towing a government vehicle being used by Immigration and Customs Enforcement (ICE) during a downtown raid earlier this year. The U.S. Attorney’s Office had charged Los Angeles truck driver Bobby Nuñez, 33, with “theft of government property,” which carries a penalty of up to ten years in prison. But a jury found him not guilty on Friday. Nunez’s attorneys, Public Defe...