Auto – Page 124 – City Business News

December 8, 2017 No Responses

Weststar terminates distributorship of Chrysler, Dodge, Jeep, RAM, Fiat

As part of measures to consolidate and expand the Mercedes-Benz business in Nigeria, Weststar Associates Limited and FCA have resolved to “mutually terminate its distributorship agreement”. Under the arrangement, with effect from Monday, 5th December 2017, Weststar will no...

December 7, 2017 No Responses

Ex Volkswagen executive jailed

A former Volkswagen executive has been sentenced to seven years in prison and a $400,000 (£298,778) fine, after admitting he helped the firm evade clean-air laws. Oliver Schmidt, 48, is the second person to be imprisoned in the US over...

December 6, 2017 No Responses

Kia unveils new Sorento SUV

Kia Motors America (KMA) on Tuesdat unveiled the refreshed 2019 Sorento SUV at the Los Angeles International Auto Show. Refined, rugged and roomy, the Sorento according to the auto firm remains as capable as ever, but touts a number...

December 5, 2017 No Responses

Hilux boosts TNL sales by 70 per cent

By Moses Ebosele, ebosele@hotmail.com – Between January and the third quarter of this year, award winning Hilux contributed about 70 per cent of the 1,900 units of vehicles sold by Toyota Nigeria Limited. Briefing Journalists on the performa...

December 2, 2017 No Responses

VW targets improved profit with electric cars

Volkswagen AG’s core VW brand raised its mid-term target for profit margins and said it would speed up turnaround efforts as cost cuts help free funds to boost its SUV lineup and develop more hybrid and full-electric cars. The...

November 30, 2017 No Responses

Daimler rejects Geely’s offer to aquire 5% stake

Daimler turned down an offer from China’s Zhejiang Geely Holding Group to take a stake of up to 5 percent via a discounted share placement. According to Automotive News, Geely is keen to access Daimler’s electric car battery technology...

November 29, 2017 No Responses

Top Gear Names Rolls-Royce Phantom Luxury Car of 2017

The Rolls-Royce Phantom has earned BBC Top Gear Magazine’s coveted ‘Luxury Car of the Year’, just weeks after its global media launch on the banks of Lake Lucerne in Vitznau, Switzerland. Referred to by the cognoscenti as ‘the best car...

November 27, 2017 No Responses

Mazda to unveil new SUV

Four years ago, CEO Masamichi Kogai predicted Mazda would be notching annual U.S. sales of 400,000 vehicles by now. Instead, it is in a second-straight year of decline, with volume under 300,000 and market share retreating from an erstwhile goal...

November 25, 2017 No Responses

BMW to invest $237m on battery cell center

BMW will bundle its battery cell expertise in a new competence center, the German luxury carmaker said on Friday, adding it would invest 200 million euros ($237 million) in the site over the next four years. “By producing battery-cell prototypes,...

November 24, 2017 No Responses

Real Madrid Players get their yearly Audis, many are Q7 SUVs

In Spain it’s that time of the year for Real Madrid’s players to take delivery of their shiny new cars from the team’s sponsor Audi. The company with the four-ring logo joined forces with the hugely popular soccer team back...

November 23, 2017 No Responses

Ford to partner Mahindra on electric vehicles in India

Ford Motor Company and its Indian partner Mahindra & Mahindra Ltd. could create their own electric car line in the country to help battle pollution from the vehicles clogging India’s roads, Chairman Anand Mahindra said. Mahindra & Mahindra, which ...

November 20, 2017 No Responses

VW sets aside $40b for electric vehicles

Volkswagen AG will spend more than 34 billion euros ($40 billion) over the next five years to develop automotive technology for an era of electric robo-taxis. With the unprecedented investment through 2022, Volkswagen is accelerating its push into battery-powe...

November 17, 2017 No Responses

CFAO marks new milestone, commissions FUSO Assembly Plant in Lagos

By citybusinessnews@yahoo.com – The CFAO group, with its subsidiary CFAO Equipment, the sole distributor of the FUSO brand in Nigeria, in conjunction with Mitsubishi Fuso Truck and Bus Corporation (MFTBC), one of Asia’s leading commercial vehicle...

November 15, 2017 No Responses

Report predicts drastic drop in Vehicle sales

Global vehicle sales will decline over the next two decades as consumers embrace on-demand ride services such as Uber, according to a study by IHS Markit. Annual private vehicle sales in the U.S., Europe, China and India will decline over the...

« Previous 1 … 122 123 124 125 126 … 142 Next »

Category: Auto