Category: Auto

Nissan Targets 50% EV Sales, Budgets $17.6b
November 29, 2021 No Responses

Nissan Targets 50% EV Sales, Budgets $17.6b

Nissan Motor Company on Monday announced its plans to accelerate the electrification of its vehicle lineup and rate of technology innovation with investments of 2 trillion yen (USD 17.6 billion) over the next five years.    The Japanese auto major also wants half its...
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Innoson, Jet Systems, Others Set For 2021 NAJA Awards
November 28, 2021 No Responses

Innoson, Jet Systems, Others Set For 2021 NAJA Awards

All is now set for the 2021 Nigeria Auto Journalists Association (NAJA) Awards scheduled to hold on Wednesday, December 1, 2021 at the Eko Hotel & Suites, Victoria Island, Lagos State.    According to the organisers, eventual winners in each...
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Toyota Nigeria Unveils New Corolla
November 22, 2021 No Responses

Toyota Nigeria Unveils New Corolla

By ebosele@hotmail.com  —  Toyota Nigeria Limited (TNL) has unveiled new Corolla sedan for the nation’s market.   The new Corolla was the only new vehicle (model) unveiled at the just concluded 2021 Abuja auto fair.  Toyota N...
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Electric Vehicle Transition Threatens 60,000 Italian Jobs
November 21, 2021 No Responses

Electric Vehicle Transition Threatens 60,000 Italian Jobs

The transition to electric cars could jeopardise 60,000 jobs in Italy, one of the country’s main metal workers’ unions has said and called on the government to support a sector that is “overwhelmed by changes”.Industry analysts say the...
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Mercedes-Benz SL-Class, BMW 7-Series Jostle For Luxury Car Of The Year Award In Nigeria
November 15, 2021 No Responses

Mercedes-Benz SL-Class, BMW 7-Series Jostle For Luxury Car Of The Year Award In Nigeria

By Moses Ebosele, ebosele@hotmail.com   — All is now set for the 2021 Nigeria Auto Journalists Association (NAJA) award scheduled to hold December 1, at Eko Hotels and Towers, Victoria Island, Lagos State.  Already, finalists in each of the award...
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Daimler To Sell Entire $364m Stake In Renault
November 12, 2021 No Responses

Daimler To Sell Entire $364m Stake In Renault

Daimler plans to dispose of its stake in Renault, the next step in dissolving equity ties forged over a decade ago to cement a three-way partnership between the German automaker, Renault and Nissan. Automotive News report that the maker of...
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COSCHARIS Motors Woos Ford, Renault Customers To Abuja Auto Fair With Discounts
November 11, 2021 No Responses

COSCHARIS Motors Woos Ford, Renault Customers To Abuja Auto Fair With Discounts

By Moses Ebosele, ebosele@hotmail.com   — The management of Coscharis Motors has pledged to delight Abuja and Northern automobile enthusiasts by participating in the Abuja auto fair scheduled to hold from 15th – 20th November 2021 at the Internation...
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FG Budgets N250b For Autogas Vehicle Conversion
November 10, 2021 No Responses

FG Budgets N250b For Autogas Vehicle Conversion

As part of efforts to ensure that the autogas conversion of vehicles yielded the desired results, the Federal Government says it has set aside N250 billion for willing investors in autogas assembly plants in the country.  The Minister of State...
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Delta Partners Stallion Auto On Tricycle Plant
November 10, 2021 No Responses

Delta Partners Stallion Auto On Tricycle Plant

Delta Government and Stallion Auto Keke Limited have reached an agreement to establish tricycle manufacturing plant in the state.  Dr Kingsley Emu, Chief Economic Adviser to Governor . Ifeanyi Okowa, said this at the exhibition of the new Auto Keke...
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Coscharis Motors Opens All-New Range Rover Portal
November 9, 2021 No Responses

Coscharis Motors Opens All-New Range Rover Portal

By ebosele@hotmail.com — As part of measures to enhance customer choice and scope, Coscharis Motors has opened portal for the All New Range Rover.  In a statement sent to City Business News on Tuesday, Coscharis Motors said: “Interested custo...
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Ford To Retire $5b Debt, Issue Green Bonds For Electric Vehicles
November 6, 2021 No Responses

Ford To Retire $5b Debt, Issue Green Bonds For Electric Vehicles

Ford Motor Company said it plans to retire up to $5 billion in high-interest debt and tap into the fast-growing market for “green” bonds to help it finance new electric vehicles and expand credit to customers with lower scores.  Ultimately,...
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Coscharis Motors Partners Sterling Bank On e-Commerce, Vehicle Finance
November 4, 2021 No Responses

Coscharis Motors Partners Sterling Bank On e-Commerce, Vehicle Finance

By Moses Ebosele, ebosele@hotmail.com   — Foremost Nigerian automobile firm, Coscharis Motors has keyed into Sterling Bank’s Non-Interest Banking Division platform- AltDrive.   In a statement sent to City Business News on Thursday, Coschar...
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BMW Beat Forecasts, Declares $2.99b Profit In Q3
November 4, 2021 No Responses

BMW Beat Forecasts, Declares $2.99b Profit In Q3

For the third quarter (Q3)ended September, 2021, BMW beat analysts’ forecasts on Wednesday with a 42.4% year-on-year increase in net profit to 2.58 billion euros ($2.99 billion). According to Reuters, higher prices and strong electric vehicle sales helpe...
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Innoson Leads Other Local Auto Manufacturers To Edo Summit
November 4, 2021 No Responses

Innoson Leads Other Local Auto Manufacturers To Edo Summit

Nigerian indigenous motor manufacturing company, Innoson Vehicle Manufacturing (IVM) will lead other top players in the nation’s automotive industry to the Alaghodaro Summit 2021, scheduled to take place between November 12 and 14, in Benin City, the Edo Sta...
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