FG Budgets N250b For Autogas Vehicle Conversion

FG Budgets N250b For Autogas Vehicle Conversion

As part of efforts to ensure that the autogas conversion of vehicles yielded the desired results, the Federal Government says it has set aside N250 billion for willing investors in autogas assembly plants in the country.  The Minister of State...
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Delta Partners Stallion Auto On Tricycle Plant

Delta Partners Stallion Auto On Tricycle Plant

Delta Government and Stallion Auto Keke Limited have reached an agreement to establish tricycle manufacturing plant in the state.  Dr Kingsley Emu, Chief Economic Adviser to Governor . Ifeanyi Okowa, said this at the exhibition of the new Auto Keke...
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Coscharis Motors Opens All-New Range Rover Portal

Coscharis Motors Opens All-New Range Rover Portal

By ebosele@hotmail.com — As part of measures to enhance customer choice and scope, Coscharis Motors has opened portal for the All New Range Rover.  In a statement sent to City Business News on Tuesday, Coscharis Motors said: “Interested custo...
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Ford To Retire $5b Debt, Issue Green Bonds For Electric Vehicles

Ford To Retire $5b Debt, Issue Green Bonds For Electric Vehicles

Ford Motor Company said it plans to retire up to $5 billion in high-interest debt and tap into the fast-growing market for “green” bonds to help it finance new electric vehicles and expand credit to customers with lower scores.  Ultimately,...
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Coscharis Motors Partners Sterling Bank On e-Commerce, Vehicle Finance

Coscharis Motors Partners Sterling Bank On e-Commerce, Vehicle Finance

By Moses Ebosele, ebosele@hotmail.com   — Foremost Nigerian automobile firm, Coscharis Motors has keyed into Sterling Bank’s Non-Interest Banking Division platform- AltDrive.   In a statement sent to City Business News on Thursday, Coschar...
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BMW Beat Forecasts, Declares $2.99b Profit In Q3

BMW Beat Forecasts, Declares $2.99b Profit In Q3

For the third quarter (Q3)ended September, 2021, BMW beat analysts’ forecasts on Wednesday with a 42.4% year-on-year increase in net profit to 2.58 billion euros ($2.99 billion). According to Reuters, higher prices and strong electric vehicle sales helpe...
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Innoson Leads Other Local Auto Manufacturers To Edo Summit

Innoson Leads Other Local Auto Manufacturers To Edo Summit

Nigerian indigenous motor manufacturing company, Innoson Vehicle Manufacturing (IVM) will lead other top players in the nation’s automotive industry to the Alaghodaro Summit 2021, scheduled to take place between November 12 and 14, in Benin City, the Edo Sta...
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Elizade Secures N1.5b Contract For 46 Customs Vehicles

Elizade Secures N1.5b Contract For 46 Customs Vehicles

By Moses Ebosele, ebosele@hotmail.com   — The Federal Executive Council (FEC) has awarded N1.5bilion contract to Elizade Nigeria Limited to supply 46 units of vehicles to Nigeria Customs Service.   Briefi...
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NAJA To Honour Ade-Ojo, Jelani, Oyeyemi, Hathiramani

NAJA To Honour Ade-Ojo, Jelani, Oyeyemi, Hathiramani

By Moses Ebosele, ebosele@hotmail.com   — The Nigeria Auto Journalists Association (NAJA) has concluded plans to honour Founder of Elizade Nigeria Limited, Chief Michael Ade-Ojo, Director General, National Automotive Design and Development Council (NA...
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New Rolls-Royce Black Badge Ghost Debuts

New Rolls-Royce Black Badge Ghost Debuts

By Moses Ebosele, ebosele@hotmail.com — A new Rolls-Royce Black Badge Ghost, identified as the purest, most technologically advanced has rolled out of the production line.   Rolls-Royce debuted Black Badge with Wraith and Ghost ...
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Stallion Flaggs Off  ‘Buy-Now-Pay-In-2022 Promo’ for NISSAN ALMERA

Stallion Flaggs Off ‘Buy-Now-Pay-In-2022 Promo’ for NISSAN ALMERA

Stallion NMN Limited, Nigeria’s exclusive representative of Nissan brand, has rolled out an offer that enables Nigerian auto buyers to acquire a brand new NISSAN ALMERA with an option to pay in installments from 2022.  The company’s General Manager, A...
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Autochek Secures $13.1m To Boost Technology

Autochek Secures $13.1m To Boost Technology

Automotive technology company in Africa, Autochek , has secured $13.1million in seed funding to boost its technology and deliver efficient services.  Mr Etop Ikpe, Founder, Chief Executive Officer, Autochek, in a statement on Tuesday explained t...
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Tesla Hits $1 trillion Value As Hertz Orders 100,000 Electric Cars

Tesla Hits $1 trillion Value As Hertz Orders 100,000 Electric Cars

Tesla Inc (TSLA.O) surpassed $1 trillion in market value on Monday after landing its biggest-ever order from rental car company Hertz, a deal that reinforced the electric car leader’s ambitions to top the entire auto industry in sales...
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Russia To Export Premium Cars To Middle East, Africa In 2022

Russia To Export Premium Cars To Middle East, Africa In 2022

Russia will begin exporting its premium car Aurus to the countries of the Middle East and North Africa next year, Adil Shirinov, the company’s Chief Executive Officer, has said.   “I think that it [export] will definitely start next ...
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