Category: Auto

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 million) on revenue of...
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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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BMW Delivers 12,52,837 Units In Six Months
July 23, 2019 No Responses

BMW Delivers 12,52,837 Units In Six Months

BMW Group has posted its best-ever first half of the year sales with 12,52,837 units sold between January-June 2019, marking 0.8% growth compared to the same period last year, says the German company in a release. This success bucks the...
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Toyota To Lead Training Session At 2019 NAJA Workshop
July 23, 2019 No Responses

Toyota To Lead Training Session At 2019 NAJA Workshop

Toyota Nigeria Limited will be presenting a technical training session on Friday this week, at the 2019 Nigeria Auto Journalists Asociation Training/Capacity Building Workshop at the Golden Tulip Hotel, along Airport Road in Lagos. Among others expected to mak...
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BMW Names New CEO
July 19, 2019 No Responses

BMW Names New CEO

BMW has named its top production manager, Oliver Zipse, as CEO to lead the luxury automaker through a shift to new ways of doing business such as electric vehicles and offering cars on a per-use basis.The company said Thursday that...
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Renault, Coscharis Group Seal Partnership
July 19, 2019 No Responses

Renault, Coscharis Group Seal Partnership

By Moses Ebosele, ebosele@hotmail.com – After several weeks of speculations, French carmaker, Renault and foremost Nigerian firm,  Coscharis Group on Thursday sealed a new partnership to assemble and distribute Renault vehicles in Nigeria.   At...
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VW Declares 974,400 Sales In June
July 17, 2019 No Responses

VW Declares 974,400 Sales In June

Volkswagen Group in June 2019 recorded 1.6 per cent increase in its global sales, amounting to 974,400 units. The company explained that the number is mostly driven by 15 per cent growth in the Chinese market, where the Volkswagen Group...
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Ceat Tyre Revamps Capacity, Exports To 100 Countries
July 16, 2019 No Responses

Ceat Tyre Revamps Capacity, Exports To 100 Countries

By citybusinessnews@yahoo.com – Ceat tyre has lined up more investment to ramp up manufacturing capacity across its plants over the next three to four years.  Ceat currently exports tyres to around 100 countries.  Already, the company has conso...
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Experts Raise Concerns Over Brake, Tyre Emissions
July 15, 2019 No Responses

Experts Raise Concerns Over Brake, Tyre Emissions

With the environmental pollution reaching alarming levels, the UKgovernment’s Air Quality Expert Group (AQEG) identified emission from tyres and brakes as a prime contributor to the declining air quality. It mentioned that emissions from car brakes and t...
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Daimler Trucks Tests New Digital Vehicle Systems
July 15, 2019 No Responses

Daimler Trucks Tests New Digital Vehicle Systems

Daimler Trucks has taken a new initiative to test and develop the new digital operating menus and apps. The German CV manufacturer has involved the truck drivers to test the digital system on-board the new Mercedes-Benz Actros. The company has...
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Volkswagen To Invest $1.12b In Battery Production Plant
July 14, 2019 No Responses

Volkswagen To Invest $1.12b In Battery Production Plant

Volkswagen AG says it is investing 1 billion euros ($1.12 billion) to set up a battery production plant in Germany. Chief executive Herbert Diess said Tuesday that the factory is part of the company’s effort to electrify its vehicles. He...
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