Auto – Page 113 – City Business News

May 19, 2019 No Responses

Mitsubishi Motors CEO Steps Down

Mitsubishi Motors Corporation has said that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia. Masuko will retain his role as chairman of the board, Mitsubishi...

May 18, 2019 No Responses

Michelin Acquires Masternaut

French tyre maker Michelin has agreed to buy telematics company Masternaut for an undisclosed amount, in a deal Michelin said would increase its presence in the field of customer services. According to Reuters, Masternaut manages over 220,0...

May 17, 2019 No Responses

Yamaha Attains 10 Million Production Milestone

Foremost Japanese two-wheeler manufacturer, Yamaha Motor has achieved 10 million production milestone in India. The company which has three manufacturing facilities at Surajpur (U.P), Faridabad (Haryana) and Chennai (Tamil Nadu) jointly contributed to th...

May 17, 2019 No Responses

Nissan Records 45 Per Cent Drop In Profit

For last fiscal year, Nissan profit dropped below that of French partner Renault for the first time in a decade. Nissan’s operating profit sank 45% to 318.2 billion yen ($2.91 billion) for the year ended in March, earnings released show...

May 16, 2019 No Responses

Pirelli Projects More Growth In 2019

Premium tyre manufacturer, Pirelli has projected a growth rate of between 4% to 6% in 2019. Pirelli, which makes tyres for Formula One racing teams and premium automakers like BMW and Audi, explained on Wednesday that revenues would g...

May 15, 2019 No Responses

Honda Confirms Closure Of UK Plant

Honda has confirmed its western England car factory, which employs 3,500 people, will close in 2021. The Japanese carmaker explained that the Swindon plant will shut in two years, “at the end of the current model’s production life cycle....

May 10, 2019 No Responses

Mercedes-Benz Sales Hit 742,809 Units In Four Months

For the Month of April 2019, Mercedes-Benz delivered not less than 181,936 cars and a total of 742,809 in the first four months of the year. According to the company, the ongoing sales success of the new A-Class resulted in worldwide growth...

May 10, 2019 No Responses

Coscharis Photo News

L – R: Ifeanyi Agwu, Managing Director, BKG Exhibitions Ltd; Adetunji Oyebanji, Managing Director 11 Plc; Susan Bisong Taiwo, Deputy Director, National Automotive Design and Development Council, NADDC; Abiona Babarinde, General Manager, Marketing and Corpo...

May 10, 2019 No Responses

Coscharis Motors Unveils New Ford Everest

Coscharis Motors, sole distributor of Ford vehicles in Nigeria has unveiled new Everest XLT Range and Everest Limited Sports Utility Vehicle (SUV). Unveiled at the 2019 Lagos International Motor Fair, the new SUV boast of 2.2-litre Duratorq TDCi engine a...

May 9, 2019 No Responses

Toyota Posts $21.66b Profit, Delivers 10.6m vehicles

For the fiscal year ended March 31st, Toyota Motor Corporation has declared $21.66billion operating profit and 10.6million sales worldwide.However, according to the financial statement released on Wednesday, net income declined 25 percent to 1.88 trillion yen ...

May 8, 2019 No Responses

BMW Explains $1.6B Drop In Q1 Profit

For the first quarter 2019, BMW has declared 1.4 billion euros ($1.6 billion) drop in profit. BMW’s first-quarter profits slumped after car sales in key markets slowed and the automaker revised a provision for a potential fine for alleged collusion...