Auto – Page 122 – City Business News

May 26, 2018 No Responses

Kia Celebrate Founding Anniversary With ‘Green Light Volunteer Week’

Kia Motors Corporation is celebrating its founding anniversary with a series of volunteer activities across the globe. Kia’s ‘Green Light Volunteer Week’ which runs until May 30, will see thousands of its employees around the world volunteering in their local...

May 15, 2018 No Responses

Hyundai Reports 391,197 Sales In April

Hyundai Motor Company, South Korea’s largest automaker and No.1 Selling Korean Automaker in the World, has announced its global sales results for April 2018, posting a total of 391,197 units sold, up 11.1 percent from a year earlier. The...

May 12, 2018 No Responses

Geely Proposes Dual Listing For Volvo In Hong Kong, Sweden

Volvo parent company, Zhejiang Geely has selected Citigroup, Goldman Sachs and Morgan Stanley to advise on an initial public offering (IPO). According to Bloomberg, Geely is looking at a value of between $16 billion and $30 billion and a dual...

May 11, 2018 No Responses

Rolls-Royce £200,000 SUV Debuts

Rolls-Royce has become the latest luxury car maker to launch an SUV. Chief executive Torsten Müller-Ötvös said the new Cullinan, which will cost more than £200,000, was a “seminal” moment and probably the “most anticipated” Rolls-Ro...

May 7, 2018 No Responses

BMW Explains €2.3b Net Profit, 604,629 Sales In Q1

BMW profits expanded slightly in the first quarter of 2018 as margins unexpectedly climbed despite a hit from currency headwinds on its top-line The Munich-based premium carmaker explained that first quarter revenues fell 5.1 per cent from a year ago...

May 5, 2018 No Responses

Toyota Explains Proposed Self-Driving Test Site

Toyota Motor Corporation has unveiled plans to build a dedicated test site for self-driving cars in the United States of America. The site will be located within the 1.75-mile oval test track of the Michigan Technical Resource Park at...

May 3, 2018 No Responses

Kia Records 240,028 Global Sales In April

Kia Motors Corporation on Wednesday announced its April 2018 global sales figures for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 240,028 units sold, increasing 9.3% from 2017. In April, sales in Korea totaled 50,0...

April 30, 2018 No Responses

Honda, Mazda issue profit warnings

Two Japanese automakers, including Honda Motor, issued profit warnings for the current financial year on worries a stronger yen would erode their operating earnings, wiping out the impact of record high global vehicle sales. The outlook highlights fears of....