Category: Auto

Hyundai Partners Tata Power On Fast Chargers
May 18, 2022 No Responses

Hyundai Partners Tata Power On Fast Chargers

The management of Hyundai Motor India has announced a partnership with Tata Power to set up electric vehicle (EV)-charging infrastructure in India. Hyundai explained that it plans to facilitate the installation of Tata Power’s DC 60 kW fast chargers across...
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Russia Nationalises Renault’s Moscow Plant 
May 17, 2022 No Responses

Russia Nationalises Renault’s Moscow Plant 

Renault has announced it is selling its majority stake in Russian carmaker Avtovaz, following pressure over its continued presence in the country.  The French carmaker said it would sell its 68% interest to a Russian science institute, while its shares...
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VW Targets 800,000 Fully-Electric Cars This Year, 1.3m In 2023
May 17, 2022 No Responses

VW Targets 800,000 Fully-Electric Cars This Year, 1.3m In 2023

Volkswagen is planning to build 800,000 fully electric cars worldwide this year and 1.3 million in 2023, the carmaker said, as it works towards making half its global output all-electric by 2030. It is optimistic that it will reach European...
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New Range Rover Sport Debuts
May 12, 2022 No Responses

New Range Rover Sport Debuts

Sensational New Range Rover Sport has made its global premiere with a dramatic world-first climb up a flooded dam spillway in Iceland.  New Range Rover Sport is based on Land Rover’s advanced, flexible Modular Longitudinal Architecture (MLA-Flex), which...
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Toyota Records $22b Full-Year Profit 
May 12, 2022 No Responses

Toyota Records $22b Full-Year Profit 

Toyota Motor Corporation on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and the war in Ukraine disrupt supply chains.The Japanese auto giant, which kept its cr...
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Lagos Motor Fair Begins May 30
May 11, 2022 No Responses

Lagos Motor Fair Begins May 30

By citybusinessnews@yahoo.com   The 16th annual Lagos Motor Fair & Autoparts Expo Africa is to hold from May 30-June 4, 2022 at the Federal Palace Hotel, Ahmadu Bello Way, Victoria Island, Lagos State.    According t...
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Geely Acquires Stake In Renault Korea, Targets US Exports 
May 11, 2022 No Responses

Geely Acquires Stake In Renault Korea, Targets US Exports 

China’s Geely Automobile will buy just over a third of Renault’s Korea unit for roughly $200 million, potentially helping it boost U.S. exports, and freeing up funds for the French automaker to invest in its electric business. Renault, wh...
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Toyota Cuts Production Due To Lockdown In Shanghai
May 11, 2022 No Responses

Toyota Cuts Production Due To Lockdown In Shanghai

Toyota says it will suspend operations at more production lines at its factories in Japan this month due to the coronavirus lockdown in Shanghai. The firm says the production halt will come into effect on Monday and stay in place...
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Toyota To Forecast Higher Profit, Helped By Solid Demand
May 10, 2022 No Responses

Toyota To Forecast Higher Profit, Helped By Solid Demand

Toyota Motor Corporation is expected to forecast higher profit for the year ahead when it reports earnings this week, helped by solid demand and a weaker yen, even as commodities costs and supply chain woes put pressure on the global...
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Hyundai Plans U.S. EV Plant
May 10, 2022 No Responses

Hyundai Plans U.S. EV Plant

Hyundai Motor Company plans to build a new electric-vehicle manufacturing plant in the United States and has held discussions with officials in Georgia, near existing plants for the Hyundai and Kia brands, people with knowledge of its plans told Reuters....
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GAC Motor Lauds Nigerian Deal, Reviews Q1 Performance
May 9, 2022 No Responses

GAC Motor Lauds Nigerian Deal, Reviews Q1 Performance

By Moses Ebosele, ebosele@hotmail.com   The headquarters of GAC Motor in Guangzhou, China, on Monday described its performance in the first quarter (Q1) of 2022 as impresive.    Within the period, according to GAC Motor, the brand “c...
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Nigeria Implores Toyota, Nissan, VW, Others On Assembly Plant
May 9, 2022 No Responses

Nigeria Implores Toyota, Nissan, VW, Others On Assembly Plant

By citybusinessnews@yahoo.com  — The National Automotive Design And Development Council (NADDC) has implored multinational firms such as Toyota Motor Corporation, Volkswagen and Nissan to establish production plants in Nigeria.   Sp...
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Nissan To Invest $700m In Mexico
May 5, 2022 No Responses

Nissan To Invest $700m In Mexico

The Japanese automaker, Nissan Motors said on Wednesday it would invest more than $700 million in Mexico during the next three years to boost its operations in the country. The investment is set to improve the facilities, equipment and automation procedures.....
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Porsche AG Acquires Stake In Group14 Technologies 
May 5, 2022 No Responses

Porsche AG Acquires Stake In Group14 Technologies 

German automotive manufacturer, Porsche on Wednesday announced its stake acquisition in the US company Group14 Technologies, a producer of advanced silicon-carbon technology for lithium-ion batteries.    As the lead investor, Porsche is raising ...
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