Auto Archives — Page 25 of 127

November 4, 2022 No Responses

Pirelli Ups 2022 Sales View As Pricing, Product Mix Give Boost

Italian tyremaker, Pirelli on Thursday lifted its 2022 sales forecast after third-quarter figures came in above expectations, citing the resilience of its business model and measures put in place against market volatility. The manufacturer of tyres for Formula One and high-end carmakers such...

November 3, 2022 No Responses

Geely’s Zeekr Plans Electric Vehicle Sales In Europe

Zhejiang Geely Holding Group’s premium electric car business plans to sell the first electric vehicle produced under the Zeekr brand in Europe next year, Zeekr’s CEO said. Zeekr joins a growing list of Chinese automakers looking to launch or expand...

November 3, 2022 No Responses

Toyota Seeks Govt Support, Tax Break

Toyota Motor Corporation president, Akio Toyoda on Wednesday raised the issue of tax breaks in a meeting with Japanese Prime Minister, Fumio Kishida. The pair’s meeting came after Kishida said he wanted to exchange views with auto industry leaders ...

October 27, 2022 No Responses

Hyundai breaks Ground On $5.5b EV, Battery Plant

Hyundai Motor Company broke ground on a $5.54 billion Electric Vehicle (EV) and battery plant in the United States. According to Reuters, the investment is the largest in the state’s history and the latest in a string of EV...

October 20, 2022 No Responses

Geely Acquires 7.60 Per Cent Stake In Aston Martin Lagonda

Zhejiang Geely Holding Group (Geely Holding), China’s largest privately-owned automotive technology group, has acquired a shareholding in Aston Martin Lagonda Global Holdings plc, representing 7.60% of the ordinary share capital of the ultra-luxury British p...

October 18, 2022 No Responses

Kia Nigeria Hosts Korea-Nigeria Youth Camp, Students Tour Assembly Plant

Kia Nigeria, recently, played host to teenagers from the Korean-Nigeria youth camp at its state-of-the-art multi-billion Naira assembly plant in Isolo, Lagos State. A statement sent to City Business News Online explained that the teenage Nige...

October 8, 2022 No Responses

NADDC, Korean Firms To Produce Electric Vehicles In Nigeria

The National Automotive Design and Development Council (NADDC) has sealed partnerships with some Korean companies to produce more Electric Vehicles in Nigeria. A statement from the council on Friday explained that Jelani Aliyu, its Director-General, disclose...

October 5, 2022 No Responses

At Seoul Exhibition, Kia To Host Design Philosophy

Kia is hosting a ‘Kia Design Philosophy Exhibition’ in cooperation with the Seoul Design Foundation in October, with the intention of further communicating the principles behind the brand’s ‘Opposites United’ design philosophy through video, audio, a...