Category: Auto

Ford To Cut 3,000 Jobs
August 23, 2022 No Responses

Ford To Cut 3,000 Jobs

Ford Motor Company said it’s cutting 3,000 jobs this week in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles.  The cuts will come primarily in the US, while some positions...
read more
Geely Delivers 613,845 Vehicles In Six Months
August 19, 2022 No Responses

Geely Delivers 613,845 Vehicles In Six Months

Geely Automobile Holdings, the Hong Kong-listed entity in which Zhejiang Geely Holding Group is the lead shareholder, on Thursday, released its 2022 Half-Year performance, indicating significant progress in the premium market segments....
read more
Toyota Suspends Operations At Sichuan Plant
August 17, 2022 No Responses

Toyota Suspends Operations At Sichuan Plant

Toyota Motor Corp has suspended operations at its plant in China’s Sichuan province after local authorities issued an order to conserve electricity. Toyota’s joint venture plant in the city of Chengdu has ceased operations until Saturday, a company spokesp...
read more
Hyundai Ranks Third In Global Vehicle Sales In 2022 First Half
August 16, 2022 No Responses

Hyundai Ranks Third In Global Vehicle Sales In 2022 First Half

South Korea’s Hyundai Motor Group on Monday said it positioned third in the first half of global vehicle deals on increased top-of-the-line model deals notwithstanding the absence of semiconductor chips. Hyundai Motor, its independent Genesis brand and ...
read more
Lagos, CIG Motors Target 5,000 Annual Vehicle Production 
August 12, 2022 No Responses

Lagos, CIG Motors Target 5,000 Annual Vehicle Production 

The Lagos State Government has partnered with the Choice International Group (CIG) Motors on the establishment of an Automobile Assembly Plant in the state.  Speaking during the inspection of the assembly plant in Ogba area of the state, Gov. Babajide...
read more
Coscharis Motors Renews Excellent Service, Value For Money Commitment
August 11, 2022 No Responses

Coscharis Motors Renews Excellent Service, Value For Money Commitment

Rising from a two-day strategy retreat session, the top management team of one of the leading auto players, Coscharis Motors Plc has resolved to further deliver value for money to their numerous stakeholders in all ramifications of their customer engagement......
read more
Geely Marks 11th Year On Fortune Global 500 
August 8, 2022 No Responses

Geely Marks 11th Year On Fortune Global 500 

Geely Holding Group has been listed in the 2022 Fortune Global 500 for the 11th consecutive year with a ranking of 229th after its last year’s revenues reached $55.86 billion.   Since first entering the Fortune Global 500 in 2012, Geely...
read more
Tata Acquires Ford Car Plant In India
August 8, 2022 No Responses

Tata Acquires Ford Car Plant In India

Indian automaker, Tata Motors has agreed to buy a Ford manufacturing plant in the western state of Gujarat for 7.26bn rupees ($91.5m). The deal comes as Tata moves to boost its car production to meet demand.  The deal between Tata’s...
read more
Hyundai To Raise Stake In Startup
August 7, 2022 No Responses

Hyundai To Raise Stake In Startup

Hyundai Motor Group plans to ramp up its stake in a local startup specialised in autonomous driving technology and invest about 400 billion won ($308.19 million), a newspaper report has said. Hyundai Motor Group, which houses Hyundai Motor Co and Kia...
read more
Suzuki Motor: Demand Strong Despite Economic Concerns
August 6, 2022 No Responses

Suzuki Motor: Demand Strong Despite Economic Concerns

Japan’s Suzuki Motor said on Friday it did not see demand for vehicles slowing at home or in its key market of India amid growing concerns about a global economic downturn. The view from Masahiko Nagao, Suzuki’s senior managing executive...
read more
Ford Trucks To Unveil Zero Emissions Agenda At 2022 IAA
August 4, 2022 No Responses

Ford Trucks To Unveil Zero Emissions Agenda At 2022 IAA

Ahead of the 2022 IAA Transportation, Ford Trucks, on Thursday rolled out its 2022 zero emission agenda.     A statement explained that Ford Trucks, winner of the prestigious IToY Award in Hannover with its F-MAX in 2018, “returns to IAA ...
read more
Coscharis Secures N1.8b Contract To Supply 60 Ford Ranger
August 4, 2022 No Responses

Coscharis Secures N1.8b Contract To Supply 60 Ford Ranger

The Federal Executive Council on Wednesday approved N2.7 billion contracts for the purchase of operational vehicles and equipment to support security agencies to protect lives and property in the FCT.  A statement issued on Wednesday by Chief Press Secret...
read more
Toyota Votes $1.8b To Build Electric Vehicles In Indonesia
August 4, 2022 No Responses

Toyota Votes $1.8b To Build Electric Vehicles In Indonesia

Toyota plans to invest $1.80 billion in Indonesia in the next five years to produce electric vehicles (EVs), Indonesia’s economics ministry said.  Indonesia’s chief economics Minister, Airlangga Hartarto explained in a statement that Toyota had invest...
read more
Stallion Motors Reiterates Support For NAJA Training
August 2, 2022 No Responses

Stallion Motors Reiterates Support For NAJA Training

The management of Stallion Motors Limited, Nigeria’s leading automobile assembler, has described its support for the just concluded Nigeria Auto Journalists’ Annual Training Workshop as an initiative aimed at the development of the nation’s economy via t...
read more
1 … 20 21 22 23 24 … 122