Category: Auto

Electric Vehicles: Nigeria Seeks UN Assistance  
March 19, 2022 No Responses

Electric Vehicles: Nigeria Seeks UN Assistance  

The Federal Government of Nigeria is seeking the assistance of United Nations (UN) in the areas of technical and infrastructural capacity in its drive to transit to electric vehicles.  The Secretary to the Government of Federation (SGF), Mr Boss Mustapha...
read more
VW Recalls 246,000 SUVs
March 19, 2022 No Responses

VW Recalls 246,000 SUVs

 Volkswagen is recalling more than 246,000 SUVs in the U.S. and Canada because faulty wiring harnesses can make them brake unexpectedly, sometimes while in traffic.The recall comes three days after The Associated Press reported that 47 people had com...
read more
Tata Motors To Take Over Ford’s Indian Plant
March 18, 2022 No Responses

Tata Motors To Take Over Ford’s Indian Plant

read more
Nissan India Appoints Torres As President
March 18, 2022 No Responses

Nissan India Appoints Torres As President

Japanese automaker, Nissan has appointed senior executive Frank Torres as the new President of the India operations, effective from April 1, 2022. He will be responsible for leading the brand across its operations in the country.Torres replaces Sinan...
read more
Mercedes To Sustain EV Investments Despite Ukraine War
March 17, 2022 No Responses

Mercedes To Sustain EV Investments Despite Ukraine War

Mercedes-Benz AG won’t cut spending on future electric vehicles even as it copes with supply-chain cost pressures exacerbated by the Russia-Ukraine conflict, the German automaker’s chief executive has said   Ola Kaellenius,...
read more
Hyundai Launches Plant To Produce Indonesia’s First Electric Car
March 17, 2022 No Responses

Hyundai Launches Plant To Produce Indonesia’s First Electric Car

Hyundai Motor Group launched a new automotive plant on Wednesday that will produce Indonesia‘s first locally assembled electric vehicle, part of President Joko Widodo’s goal of developing a full EV supply chain utilising the cou...
read more
BMW Cuts 2022 Profit Forecast For Car Segment
March 17, 2022 No Responses

BMW Cuts 2022 Profit Forecast For Car Segment

BMW lowered its profit margin expectations for its automotive segment for 2022 due to the war in Ukraine, the German carmaker said on Wednesday.BMW Group now predicts growth of earnings before interest and taxation (EBIT) in its car segment in a...
read more
Auto Finance: Nigerian Startup Firm Secures $105m For Expansion 
March 15, 2022 No Responses

Auto Finance: Nigerian Startup Firm Secures $105m For Expansion 

A Nigerian startup, Moove Africa BV, that provides vehicle financing to Uber Technologies drivers among others, has raised $105 million to expand operations in new markets including in Asia and the Middle East.  The company in a statement issued on...
read more
VW, Ford Deepen Electric Vehicle Cooperation
March 15, 2022 No Responses

VW, Ford Deepen Electric Vehicle Cooperation

Volkswagen Monday said it has deepened its e-mobility partnership with Ford under which the U.S. carmaker will produce a second electric vehicle for the European market based on its German rival’s platform.As part of th...
read more
VW Profits Surge Despite Selling Fewer Cars
March 13, 2022 No Responses

VW Profits Surge Despite Selling Fewer Cars

Volkswagen said its net profits jumped last year despite selling fewer cars due to the semiconductor shortage as buyers forked out for better-equipped cars.The German automaker’s net profit rose 75% to 15.4 billion euros (USD 16.8 billion) in 2021.The...
read more
Toyota To Cut Production In April, May, June 
March 13, 2022 No Responses

Toyota To Cut Production In April, May, June 

Toyota Motor Corporation  will scale back domestic production by up to 20% during the months of April, May and June, to ease the strain on suppliers struggling with shortages of chips and other parts.The move by Japan’s largest automaker is the...
read more
Changan Star 9 Bus Settles In Nigeria 
March 12, 2022 No Responses

Changan Star 9 Bus Settles In Nigeria 

By ebosele@hotmail.com  — Fortified with safety attributes, body strength, fuel efficiency and powerful engine, Changan Star 9 Bus is set to alter existing status quo in Nigeria’s competitive mini bus segment.    Positioned to ...
read more
BMW Triples Pre-Tax Earnings, Vehicle Sales With $17.67b
March 11, 2022 No Responses

BMW Triples Pre-Tax Earnings, Vehicle Sales With $17.67b

Foremost auto firm, BMW, more than doubled pre-pandemic earnings in 2021 to 16 billion euros ($17.67 billion), the company said on Thursday, as higher prices and strong sales of top-end cars boosted revenue despite supply chain constraints. The premium carmake...
read more
Edo Delegation Visits ICRC, Explains  Agro-Based River Port 
March 11, 2022 No Responses

Edo Delegation Visits ICRC, Explains  Agro-Based River Port 

Representatives from Edo Government on Wednesday, visit the Infrastructure Concession Regulatory Commission (ICRC) with a view to establishing an agro-based river port.  This is contained in a statement issued by Manji Yarling, the Acting Head, Media and ...
read more
1 … 27 28 29 30 31 … 122