Category: Auto

Suzuki Declares 46% Drop In Profit
August 6, 2019 No Responses

Suzuki Declares 46% Drop In Profit

Suzuki Motor Corporation on Monday reported a 46.2% fall in first-quarter operating profit, hurt by lower output at home as it improves its inspection systems, and falling demand in India, its biggest market.Japan’s fourth-largest automaker posted an operating profit of...
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Kia Delivers 225,902 Units In July
August 6, 2019 No Responses

Kia Delivers 225,902 Units In July

For the month of July, 2019, Kia Motors Corporation’s global sales stood at 225,902 units, a decline of 2.7% when compared to the same month last year. Sales in Kia’s home market, South Korea increased slightly to 47,080 units, reports the...
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Renault May Cut Stake In Nissan
August 5, 2019 No Responses

Renault May Cut Stake In Nissan

Renault and Nissan Motor Co. have held talks that would see Renault reduce its stake in the Japanese carmaker and help the French company restart merger discussions with Fiat Chrysler Automobiles, The Wall Street Journal reported.The sides are weighing plans.....
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Suzuki Cuts Workforce As Sales Sink
August 4, 2019 No Responses

Suzuki Cuts Workforce As Sales Sink

Maruti Suzuki India Ltd, has cut the number of workers it employs on temporary contracts following a plunge in vehicle sales, it told Reuters.The auto industry, which accounts for nearly half of India’s manufacturing output, is going through one of...
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Kia Motors Revs Up Service, Training Network
August 3, 2019 No Responses

Kia Motors Revs Up Service, Training Network

Kia Motors on Friday commenced its widespread service network of 192 centres across 160 cities in India.  Kia in a statement explained that through IoT-based Kia Link App, the company aims to offer seamless and new-age car service and vehicle...
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Ceat Tyre Declares 15% Increase In Q1 Profit
August 2, 2019 No Responses

Ceat Tyre Declares 15% Increase In Q1 Profit

Tyre maker, Ceat on Thursday reported 15 per cent increase in its consolidated profit at for the first quarter ended June 30, 2019.  Anant Goenka, Managing Director, CEAT Limited said, “The impact of fall in demand from automobile manufacturers has...
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Uganda Unveils New Vehicle Production, Targets 5,000 Units
July 30, 2019 No Responses

Uganda Unveils New Vehicle Production, Targets 5,000 Units

Uganda is aiming to start assembling new vehicles by June 2022, with an initial production capacity of 5,000 units per year, a top official of the state-owned Kiira Motors Corporation (KMC) told Reuters on Monday. The East African country joins...
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Expert Implores FG On Auto Policy, N2.5t Investments
July 29, 2019 No Responses

Expert Implores FG On Auto Policy, N2.5t Investments

By Moses Ebosele, ebosele@hotmail.com —  Inability to secure presidential assent for Nigeria’s automotive policy is a direct threat to over N2.5trillion private sector investments, an automotive communication consultant, Dr Oscar Odiboh has said. ...
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Kia Motors Nigeria Seeks More Support For Auto Industry
July 29, 2019 No Responses

Kia Motors Nigeria Seeks More Support For Auto Industry

By Moses Ebosele, ebosele@hotmail.com — As stakeholders in Nigeria awaits presidential assent for National Automotive Industry Development Plan (NAIDP), the Managing Director and Chief Executive Officer of Kia Motors Nigeria, Mr  Jacky Hathiramani h...
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Michelin Records Eight Per Cent Decline In Net Income
July 27, 2019 No Responses

Michelin Records Eight Per Cent Decline In Net Income

Michelin’s firm pricing and cost-cutting lifted first-half revenue and operating earnings, the French tyre maker has said. However, the explained that profitability suffered from shrinking vehicle production. Net income fell 8% to 844 million euros ($940...
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Kia To Roll Out Seltos SUV July 31
July 27, 2019 No Responses

Kia To Roll Out Seltos SUV July 31

South Korean auto major, Kia Motors is all set to roll out its first made in India mid-SUV, Kia Seltos, from its plant located in Anantapur in Andhra Pradesh on July 31. “Kia Motors will roll out the first car...
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Nissan To Sack 10,000 Workers
July 26, 2019 No Responses

Nissan To Sack 10,000 Workers

Nissan plans to cut more than 10,000 jobs globally, according to Japanese media reports. The move comes as a part of company’s path of turning around its business and indicates tough road ahead with management upheaval. In May, the company...
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Nasarawa To Partner PAN On Locally Assembled Vehicles, Training
July 25, 2019 No Responses

Nasarawa To Partner PAN On Locally Assembled Vehicles, Training

Nasarawa State Governor, Engr. Abdullahi A. Sule has described PAN Nigeria Limited, assemblers of Peugeot brand of vehicles, as “a pride of the Nigerian economy.”  He made this remarks when a team of the Management of PAN led by General...
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Mercedes-Benz Secures Approval For Driverless Parking
July 24, 2019 No Responses

Mercedes-Benz Secures Approval For Driverless Parking

Bosch and Daimler have reached a milestone on the way to automated driving: the two companies have now obtained approval from the relevant authorities in Baden-Württemberg for their automated parking system in the Mercedes-Benz Museum parking garage in Stuttg...
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