Anyone would think that Toyota was showcasing a new gadget that would obliterate the iPhone, such is the fanfare surrounding its arrival in the UAE. As I turn up at the venue for the media briefing and road test, at the Meydan hotel in Dubai, there is a sea of red-and-white banners, flags and other paraphernalia surrounding the entrance. A DJ is spinning tunes in the cavernous area downstairs, there’s a party atmosphere and dozens of staff tear around making sure that the army of journos is kept fed, watered and entertained. Yes, all for a Yaris – the car that you hope won’t be foisted upon you when you approach the doors of a rental office.
Yet the market for cars such as this represents almost a quarter of all annual sales, so there’s a strong demand for cheap and reliable transportation. Cars like the Nissan Tiida, the Mitsubishi Lancer and others are everywhere here, but the Yaris is inescapable. And now there’s an all-new one.
When Toyota says “all-new”, that might be a tad misleading. What it actually mean is “newly styled one” because, at least when it comes to power trains, it’s the same as the model that it replaces, which means either 1.3L or 1.5L engines putting out 84 and 103hp respectively, coupled to four-speed automatic transmissions.
The real differences between it and the model that it replaces are a new look, larger dimensions and improved levels of kit. Externally, the Yaris saloon looks like the recent Camry, only smaller, and it does still look like its wheels are lost under a body that’s too big for it. But at least those tyres will be cheap enough to replace. It’s 110mm longer than before (reaching 4,410mm), 10mm wider and 15mm taller and, to be fair, whoever was in charge of styling it has made a decent fist of moving it more upmarket. It looks more expensive than it is, and that can only be a good thing.
Inside, too, the Camry association continues, with a horizontal beam dashboard that mimics its larger brother’s look. It appears graceful and stylish, way ahead of the Tiida and the Lancer, although what you, at first, think will be nice, cushioned and stitched textures are actually rock hard. There isn’t a soft surface anywhere, not even on the door armrests, although the higher-end models are treated to a leather-bound steering wheel. The seats are comfortable enough, and there’s a sense that, in buying this thing, you’ve availed yourself of excellent value for money. Toyota has actually made an effort to ensure those motoring on a budget aren’t reminded of the fact every time that they get in.
There’s little point in taking to desert or mountain roads in this car to see what it’s capable of, and I do have to question what the brochure copywriters were ingesting when they wrote: “While feeling at one with the car, you experience a superb driving experience that is in line with your inspiration.” What nonsense. The Yaris doesn’t pretend to deliver thrills on any level and it doesn’t need to – it’s simply a vehicle for the daily grind so that’s what I put it through. I plump for a 1.5L SE+ version and head into the insanity that is Dubai’s rush-hour traffic, along Umm Suqeim Road and Sheikh Zayed Road, reasoning that this is the kind of journey that most of these will be making.
This is the range-topper, with the aforementioned leather wheel, but there’s also (a rather pointless) keyless entry system and a six-speaker sound system with a CD player and USB connectivity. The Yaris thrashes away whenever I squeeze the throttle, getting louder but not feeling like it’s going any quicker, but while the engine’s noises are uninspiring, at least wind noise and tyre roar are conspicuous only by their absence; Toyota’s attention to sound deadening paying off nicely.
It steers nicely, with next-to-no effort, even when parking, and the brakes are full of bite yet not over-assisted. And, yes, I do feel that this is a premium product, despite my sore left elbow, and when I pass other cars in its class, I reckon that I’m in the better car. The air conditioning is quite something, too – far better than that fitted in German cars such as my own.
The Yaris saloon, then, comes recommended. With it, Toyota has set out to obliterate the competition by offering more style and refinement than its rivals and, I have to concur, it’s a job well done. It will never be a car to yearn for, but, at least now, when you’re walking up to the doors of that rental agency, there’s no need to fear being dealt a Yaris. However, when it’s so cheap to buy in the first place, you have to ask yourself why you’d bother renting one in the first place?
khackett@thenational.ae
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A%20QUIET%20PLACE
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How it works
Each player begins with one of the great empires of history, from Julius Caesar's Rome to Ramses of Egypt, spread over Europe and the Middle East.
Round by round, the player expands their empire. The more land they have, the more money they can take from their coffers for each go.
As unruled land and soldiers are acquired, players must feed them. When a player comes up against land held by another army, they can choose to battle for supremacy.
A dice-based battle system is used and players can get the edge on their enemy with by deploying a renowned hero on the battlefield.
Players that lose battles and land will find their coffers dwindle and troops go hungry. The end goal? Global domination of course.
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now
Company%20profile
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Scoreline
Al Wasl 1 (Caio Canedo 90 1')
Al Ain 2 (Ismail Ahmed 3', Marcus Berg 50')
Red cards: Ismail Ahmed (Al Ain) 77'
Ballon d’Or shortlists
Men
Sadio Mane (Senegal/Liverpool), Sergio Aguero (Aregentina/Manchester City), Frenkie de Jong (Netherlans/Barcelona), Hugo Lloris (France/Tottenham), Dusan Tadic (Serbia/Ajax), Kylian Mbappe (France/PSG), Trent Alexander-Arnold (England/Liverpool), Donny van de Beek (Netherlands/Ajax), Pierre-Emerick Aubameyang (Gabon/Arsenal), Marc-Andre ter Stegen (Germany/Barcelona), Cristiano Ronaldo (Portugal/Juventus), Alisson (Brazil/Liverpool), Matthijs de Ligt (Netherlands/Juventus), Karim Benzema (France/Real Madrid), Georginio Wijnaldum (Netherlands/Liverpool), Virgil van Dijk (Netherlands/Liverpool), Bernardo Silva (Portugal/Manchester City), Son Heung-min (South Korea/Tottenham), Robert Lewandowski (Poland/Bayern Munich), Roberto Firmino (Brazil/Liverpool), Lionel Messi (Argentina/Barcelona), Riyad Mahrez (Algeria/Manchester City), Kevin De Bruyne (Belgium/Manchester City), Kalidou Koulibaly (Senegal/Napoli), Antoine Griezmann (France/Barcelona), Mohamed Salah (Egypt/Liverpool), Eden Hazard (BEL/Real Madrid), Marquinhos (Brazil/Paris-SG), Raheem Sterling (Eengland/Manchester City), Joao Félix(Portugal/Atletico Madrid)
Women
Sam Kerr (Austria/Chelsea), Ellen White (England/Manchester City), Nilla Fischer (Sweden/Linkopings), Amandine Henry (France/Lyon), Lucy Bronze(England/Lyon), Alex Morgan (USA/Orlando Pride), Vivianne Miedema (Netherlands/Arsenal), Dzsenifer Marozsan (Germany/Lyon), Pernille Harder (Denmark/Wolfsburg), Sarah Bouhaddi (France/Lyon), Megan Rapinoe (USA/Reign FC), Lieke Martens (Netherlands/Barcelona), Sari van Veenendal (Netherlands/Atletico Madrid), Wendie Renard (France/Lyon), Rose Lavelle(USA/Washington Spirit), Marta (Brazil/Orlando Pride), Ada Hegerberg (Norway/Lyon), Kosovare Asllani (Sweden/CD Tacon), Sofia Jakobsson (Sweden/CD Tacon), Tobin Heath (USA/Portland Thorns)
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Coal Black Mornings
Brett Anderson
Little Brown Book Group
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
Essentials
The flights
Emirates and Etihad fly direct from the UAE to Los Angeles, from Dh4,975 return, including taxes. The flight time is 16 hours. Alaska Airlines, United Airlines, Delta Air Lines, Aeromexico and Southwest all fly direct from Los Angeles to San Jose del Cabo from Dh1,243 return, including taxes. The flight time is two-and-a-half hours.
The trip
Lindblad Expeditions National Geographic’s eight-day Whales Wilderness itinerary costs from US$6,190 (Dh22,736) per person, twin share, including meals, accommodation and excursions, with departures in March and April 2018.
Company%20Profile
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