Category: Auto

Ford To Retire $5b Debt, Issue Green Bonds For Electric Vehicles
November 6, 2021 No Responses

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
November 4, 2021 No Responses

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
November 4, 2021 No Responses

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
November 4, 2021 No Responses

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
November 4, 2021 No Responses

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
November 3, 2021 No Responses

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
October 30, 2021 No Responses

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
October 29, 2021 No Responses

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
October 27, 2021 No Responses

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
October 26, 2021 No Responses

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
October 22, 2021 No Responses

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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Kia Nigeria Partners Custodian Insurance On Sponsorship Of Indian Golf Cup Tournament
October 21, 2021 No Responses

Kia Nigeria Partners Custodian Insurance On Sponsorship Of Indian Golf Cup Tournament

By Moses Ebosele, ebosele@hotmail.com   — As part of measures to foster sports development and promote the game of golf in the country, Kia Nigeria in partnership with the Indian Golfers Association of Nigeria (IGAN) on Thursday rolled out plans for t...
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Honda Introduces Anti-Viral Cabin Air Filter
October 20, 2021 No Responses

Honda Introduces Anti-Viral Cabin Air Filter

The management of Honda Cars India on Tuesday introduced an advanced cabin air filter that captures viral aerosols.According to the company, the anti-virus, cabin air filter was developed in co-operation with Freudenberg and ...
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Hyundai CRETA Displays Style, Performance
October 17, 2021 No Responses

Hyundai CRETA Displays Style, Performance

All-New Hyundai CRETA Sports Utility Vehicle (SUV) has successfully settled in the Nigerian market.   Fortified with more strength, award-winning CRETA was recently honoured with the global CarandBike 2021 Award as the Compact SUV of the year.     C...
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