Category: Auto

Volkswagen records $5.01 billion earnings in Q3
October 30, 2017 No Responses

Volkswagen records $5.01 billion earnings in Q3

Volkswagen AG said earnings rose 15 percent in the third quarter, benefiting from cost cuts at its core VW passenger cars division. Quarterly group earnings before interest and taxes (EBIT) and before special items jumped to 4.31 billion euros ($5.01...
read more
Ford declares $1.6 billion profit in Q3
October 27, 2017 No Responses

Ford declares $1.6 billion profit in Q3

Ford Motor Company  on Thursday said its third-quarter net income rose 63 percent to $1.6 billion, helped by foreign tax credits and strong light-truck sales in North America.  Ford’s revenue, pretax profit and operating margin all increased in what C...
read more
Coscharis thrills BMW club, highlights 5 series performamce, achievements
October 26, 2017 No Responses

Coscharis thrills BMW club, highlights 5 series performamce, achievements

Coscharis Motors in partnership with BMW Club Nigeria, recently demonstrated BMW 5 Series performance and achivements during the 2017Bimmerfest event held at the Muri Okunola Park, Victoria Island, Lagos State.   According to Coscharis, the event is aimed at ...
read more
Hyundai votes $5m for research and development
October 25, 2017 No Responses

Hyundai votes $5m for research and development

Hyundai America Technical Center Incorporated  is investing $5 million in the American Center for Mobility in Ypsilanti Township.   According to Agency Report, the investment brings the autonomous vehicle testing site’s fundraising total to $101 millio...
read more
Five auto firms under investigation over alleged limit on emission technology
October 21, 2017 No Responses

Five auto firms under investigation over alleged limit on emission technology

BMW has confirmed its head office was searched this week by European Union officials investigating an alleged cartel among five German carmakers. EU investigators are looking into allegations that BMW, Daimler, VW, Audi and Porsche colluded to limit their spen...
read more
Again, Toyota emerges best in global reliability survey
October 20, 2017 No Responses

Again, Toyota emerges best in global reliability survey

For the fifth year in a row, Toyota and Lexus rank as the top two brands for reliability based on a survey of Consumer Reports subscribers.   Consumer Reports‘ 2017 Auto Reliability Survey published on Thursday  found “growing pains” among....
read more
Mitsubishi unveils 30% growth agenda
October 19, 2017 No Responses

Mitsubishi unveils 30% growth agenda

Mitsubishi Motors has unveiled a three-year plan to boost global vehicle sales by 40 percent and revenue by more than 30 percent as it rebounds from a fuel economy scandal by strengthening its utility vehicle lineup and targeting rapid growth...
read more
Nissan appoints Anthony Thomas Chief Information Officer, brand value rises to $11.5b
October 17, 2017 No Responses

Nissan appoints Anthony Thomas Chief Information Officer, brand value rises to $11.5b

Nissan Motor Company Limited has announced that Anthony Thomas, most recently group CIO at GE Global, will assume the duties of CVP, CIO (chief information officer), Global IS/IT Nissan from October 23, 2017.  Thomas will be based at Nissan’s headquarte...
read more
Coscharis unveils Ford Assembly plant in Lagos, rolls out 600 units of Ranger
October 14, 2017 No Responses

Coscharis unveils Ford Assembly plant in Lagos, rolls out 600 units of Ranger

By Moses Ebosele, ebosele@hotmail.com –    A leading player in the automotive industry in Nigeria, Coscharis Group, has unveiled Ford Assembly plant in Lagos.   Already, the plant located at KM 32, Lekki-Epe Expressway, Awoyaya, Lagos State has rolle...
read more
Isuzu unveils new pick-up
October 13, 2017 No Responses

Isuzu unveils new pick-up

Growing demand for light commercial vehicles has spurred Isuzu to expand its offering in Sub-Saharan Africa to include the KB 4×4 crew cab X-Rider model.   Introduced initially as a 700-unit limited edition, the X-Rider according to the auto firm...
read more
Audi delivers 1,380,800 vehicles in nine months
October 12, 2017 No Responses

Audi delivers 1,380,800 vehicles in nine months

AUDI AG ended the third quarter with an increase of 2.6 percent in September sales compared to 2016. In the past month, the company sold 178,350 units.   The picture was mixed among the top markets: While sales grew in the...
read more
Kia records 252,254 sales in September
October 11, 2017 No Responses

Kia records 252,254 sales in September

Kia Motors Corporation announced its September 2017 global sales figures for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 252,254 units sold.  According to the suto firm, in September, domestic market sales totaled...
read more
Porsche seeks $235m damages from Audi over diesel scandal
October 10, 2017 No Responses

Porsche seeks $235m damages from Audi over diesel scandal

There’s trouble in Volkswagen paradise as Porsche begins litigation against its sister-brand Audi, alleging that the auto manufacturer’s role in the Dieselgate scandal has cost the luxury automaker upwards of $234 million, Reutersreports. In 2015, ...
read more
Hyundai global brand value hits $13.2b
October 7, 2017 No Responses

Hyundai global brand value hits $13.2b

Hyundai has maintained its position as one of the world’s 40 most valuable brands for the third year in a row, according to the latest Best Global Brands report from respected international consultancy Interbrand.   The carmaker retained its place...
read more
1 … 108 109 110 111 112 … 127