Auto – Page 114 – City Business News

November 23, 2018 No Responses

Nissan Sacks Chairman Over Alleged Financial Misconduct

Carlos Ghosn has been ousted after nearly two decades at the helm of Japanese carmaker Nissan, following allegations of financial misconduct. BBC reports that he has been accused by Nissan of under-reporting his salary and using company assets for personal...

November 21, 2018 No Responses

Renault Names Thierry Bolloré Interim Chief Executive

Renault has appointed a temporary deputy chief executive to take over the running of the French car firm following the arrest of Carlos Ghosn. Renault said its chief operating officer, Thierry Bolloré, would step up to the role because Mr...

November 20, 2018 No Responses

Nissan Boss Arrested Over Alleged Corruption

The shares of Nissan on Monday slumped by six per cent in Tokyo trade after the arrest of the firm’s chairman, Carlos Ghosn. According to Japanese prosecutors, Ghosn under-reported his income by 5billion yen ($44.4m; £34.5m) over five years. He....

November 14, 2018 No Responses

Ashok Leyland MD Resigns, Shares Down By Eight Per Cent

Citing personal reasons, the Managing Director and Chief Executive Officer of commercial vehicle manufacturer, Ashok Leyland, Vinod K. Dasari has resigned. The resignation which takes effect March 31, 2019, was announced on Wednesday. He will be suceeded by ...

November 14, 2018 No Responses

Hyundai Targets 700 New Jobs With Expansion

Hyundai Motor India Limited (HMIL) has concluded plans to increase its passenger vehicle production capacity to eight lakh units from seven lakh at its Sriperumbudur factory, near Chennai. According to Hyundai, the proposed capacity expansion is expected to ...

November 13, 2018 No Responses

Coscharis Motors Flags-Off ‘Unbeatable Offers’ For BMW, Ford

As 2018 business year runs to a close, Coscharis Motors has lined up unbeatable offers for two of its major brands. The offers are intended for BMW and Ford loyal customers together with new prospects that are potential brand converts...

November 12, 2018 No Responses

Brazil Approves Tax Holiday For Ford, Others

Brazil‘s President Michel Temer has signed into law hundreds of millions of dollars in incentives for automakers such as General Motors Company and Volkswagen to produce locally and continue developing engines that run on both gasoline and ethanol. ...

November 9, 2018 No Responses

Mercedes-Benz Records 1.9m Unit Sales In 10 Months

Mercedes-Benz started the fourth quarter with a new record in unit sales. Worldwide, the brand with the three-pointed star delivered 190,021 vehicles, surpassing the previous best October unit sales from last year by 3.9%. In the first ten months of...

November 7, 2018 No Responses

Toyota Declares $5.09b Profit, 2.68m Sales In Second Quarter

Toyota Motor Corporation’s operating profit increased by 11 percent in the latest quarter as the automaker tapped growing demand for light trucks. Operating profit rose to 579.1 billion yen ($5.09 billion) in the automaker’s fiscal second quarter...

October 25, 2018 No Responses

Nigerian Auto Journalists Award holds December 13

The Nigerian Auto Journalists Association (NAJA), a body of all Journalists reporting the Nigerian auto industry has fixed December 13, 2018 for its annual Awards. The annual event is designed to honour corporate organizations and individuals that have mad...

October 24, 2018 No Responses

Nigerians Spend $8B Annually On Importation Of Vehicles

Nigerians spent about 8 billion dollars annually on importation of vehicles, Vice President Yemi Osinbajo has said Osinbajo, who was represented by the Director-General, National Automotive Design and Development Council, Jelani Aliyu, disclosed this at th...

October 20, 2018 No Responses

Peugeot Confirms Agenda For Electrified Performance Cars

French automaker, Peugeot on Friday announced plans to launch a new range of high-performance plug-in hybrid vehicles starting from 2020. The cars form a key part of Peugeot’s overall strategy to transition to an electrified lineup, and will be develop...

October 20, 2018 No Responses

Rolls-Royce Appoints Johann Wolf As Director Of Manufacturing

Rolls-Royce Motor Cars has announced that Johann Wolf has been appointed as Director of Manufacturing, effective from 1 November 2018. According to Rolls-Royce, Wolf is an exceptionally experienced production expert, having spent over 40 years with the BMW Gr...

October 17, 2018 No Responses

All-New Mercedes Benz Actros, Arocs Explore New Dimension, Debuts In Nigeria

By citybusinessnews@yahoo.com – The All-New Mercedes-Benz Actros and Arocs was on Tuesday unveiled in Lagos, Nigeria at a colorful ceremony. The ceremony, put together by Weststar Associates, representative of Mercedes-Benz family in Nigeria had...

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Category: Auto