Category: Auto

Coscharis Unveils All-New Ford Bronco
June 3, 2022 No Responses

Coscharis Unveils All-New Ford Bronco

Coscharis Motors unveiled the all-new  Ford Bronco into the Nigerian market at the ongoing Lagos Motor Fair. Speaking during the launch, Abiona Babarinde, General Manager, Marketing and Corporate Communications, Coscharis Group, said, “The Bronco has come home to stay in Nigeria....
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Nissan Unveils New Corporate HQ
May 31, 2022 No Responses

Nissan Unveils New Corporate HQ

Nissan India has inaugurated its new corporate headquarters in Gurugram. The facility is situated in Worldmark Gurugram and will be the carmaker’s hub for sales, marketing, aftersales, finance, human resource, and corporate communications.  Accordi...
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Toyota To Cut Global Production Plan, Deliver 9.3m Vehicles By March 2023
May 24, 2022 No Responses

Toyota To Cut Global Production Plan, Deliver 9.3m Vehicles By March 2023

Toyota Motor Corporation will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage. Reuters report on Tuesday that the company did not change its estimate of producing about 9.7 million...
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World’s Most Expensive Car
May 21, 2022 No Responses

World’s Most Expensive Car

A 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe, one of only two on Earth, has sold for a record $143 million, making it the most expensive car in the world. The car was named after its creator and chief engineer, Rudolf Uhlenhaut, and wa...
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Hyundai Budgets $5.5b For EV, Battery Facilities In U.S.
May 21, 2022 No Responses

Hyundai Budgets $5.5b For EV, Battery Facilities In U.S.

South Korea’s Hyundai Motor Group said on Friday it plans to invest about $5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States  Reuters report that Hyundai will break gr...
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Nissan, Mitsubishi Unveil Light Electric Vehicles
May 21, 2022 No Responses

Nissan, Mitsubishi Unveil Light Electric Vehicles

Japan’s Mitsubishi Motors Corp and Nissan Motor Co unveiled their first jointly developed light electric vehicles (EVs), aiming to draw more Japanese drivers to battery-powered cars by offering low-priced micro models. According to Reuters, the two Japan...
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Autochek Acquires Morocco’s KIFAL Auto
May 20, 2022 No Responses

Autochek Acquires Morocco’s KIFAL Auto

Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of KIFAL Auto, Morocco’s leading automotive technology startup, to drive its expansion into North Africa. &...
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Hyundai To Invest $16.5b In South Korea EV Business 
May 19, 2022 No Responses

Hyundai To Invest $16.5b In South Korea EV Business 

Hyundai Motor Group said on Wednesday it plans to invest a total of 21 trillion won ($16.54 billion) through 2030 for the expansion of its electric vehicle (EV) business in South Korea. The South Korean auto group, which houses Hyundai...
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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 acro...
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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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