Auto Archives — Page 31 of 126

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, which can assemble 300,000...

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...

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...

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....

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...

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...

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.....

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 ...

May 4, 2022 No Responses

Hyundai Rolls Out Creta Knight Edition

Hyundai Motor India on Tuesday unveiled Creta Sports Utility Vehicle (SUV) ‘Knight Edition’. According to Hyundai, the new edition the new edition will be offered on a S+ trim (MT only) and the SX (O) trim (IVT/AT only) availab...

May 2, 2022 No Responses

Geely Delivers 78,478 Units In February, Penetrates African Market

For the Month of February 2022, Geely Auto recorded total sales volume of 78,478 units, an increase of approximately Two per cent from the same period last year, but down approximately 46% from January 2022, primarily due to the supply sho...

May 2, 2022 No Responses

Hyundai To Unveil IONIQ 5

Korean automaker Hyundai has confirmed that the brand will be introducing the Ioniq 5 electric vehicle in India in the second half of 2022. The car will be a part of Hyundai’s Beyond Mobility strategy, which will also bring other...

April 26, 2022 No Responses

Nissan Ends Production Of Datsun Cars

Nissan is to stop producing vehicles under the Datsun name, which has a more than century-long history. BBC report that it was one of the brands that helped Japanese car makers become established globally after the Second World War. Despite...

April 16, 2022 No Responses

Nigeria Explains Financial Incentives Agenda For Electric Vehicle Makers, Buyers

THE National Automotive Design and Development Council (NADDC) is working on arrangement to encourage the production, sale and use of electric vehicles in Nigeria through incentives. Speaking at the just concluded Nigerian Ener...

April 16, 2022 No Responses

BMW CEO Warns Against Electric-Only Strategy

Chief Executive Officer Oliver Zipse said companies must be careful not to become too dependent on a select few countries by focusing only on electric vehicles, adding that there was still a market for combustion engine cars. “When you look...

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Category: Auto