Autochek Secures $13.1m To Boost Technology

Autochek Secures $13.1m To Boost Technology

Automotive technology company in Africa, Autochek , has secured $13.1million in seed funding to boost its technology and deliver efficient services.  Mr Etop Ikpe, Founder, Chief Executive Officer, Autochek, in a statement on Tuesday explained that the funding was secured in collaboration...
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Tesla Hits $1 trillion Value As Hertz Orders 100,000 Electric Cars

Tesla Hits $1 trillion Value As Hertz Orders 100,000 Electric Cars

Tesla Inc (TSLA.O) surpassed $1 trillion in market value on Monday after landing its biggest-ever order from rental car company Hertz, a deal that reinforced the electric car leader’s ambitions to top the entire auto industry in sales...
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Russia To Export Premium Cars To Middle East, Africa In 2022

Russia To Export Premium Cars To Middle East, Africa In 2022

Russia will begin exporting its premium car Aurus to the countries of the Middle East and North Africa next year, Adil Shirinov, the company’s Chief Executive Officer, has said.   “I think that it [export] will definitely start next ...
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Kia Nigeria Partners Custodian Insurance On Sponsorship Of Indian Golf Cup Tournament

Kia Nigeria Partners Custodian Insurance On Sponsorship Of Indian Golf Cup Tournament

By Moses Ebosele, ebosele@hotmail.com   — As part of measures to foster sports development and promote the game of golf in the country, Kia Nigeria in partnership with the Indian Golfers Association of Nigeria (IGAN) on Thursday rolled out plans for t...
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Honda Introduces Anti-Viral Cabin Air Filter

Honda Introduces Anti-Viral Cabin Air Filter

The management of Honda Cars India on Tuesday introduced an advanced cabin air filter that captures viral aerosols.According to the company, the anti-virus, cabin air filter was developed in co-operation with Freudenberg and ...
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Hyundai CRETA Displays Style, Performance

Hyundai CRETA Displays Style, Performance

All-New Hyundai CRETA Sports Utility Vehicle (SUV) has successfully settled in the Nigerian market.   Fortified with more strength, award-winning CRETA was recently honoured with the global CarandBike 2021 Award as the Compact SUV of the year.     C...
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Toyota Cuts Global Production Plan By 15%

Toyota Cuts Global Production Plan By 15%

Toyota Motor Corporation on Friday cut its planned global output for November by as much as 15% due to ongoing chip shortages, but indicated it would ramp up production from December by sticking to its latest full-year production target.Japan’s lead...
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NAJA Opens Nominations For Nigeria’s Car Of The Year

NAJA Opens Nominations For Nigeria’s Car Of The Year

The Nigerian Auto Journalists Association (NAJA) has announced date for the 2021 edition of the NAJA Awards.  A statement issued by the 2021 NAJA Awards Planning Committee Chairman, Theodore Opara explained that the 2021 edition is scheduled for...
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Jaguar Land Rover Delivers 92,710 Units In Q2

Jaguar Land Rover Delivers 92,710 Units In Q2

For the second quarter ended September 30, 2021, Jaguar Land Rover delivered 92,710 vehicles, 18.4% lower than the 113,569 vehicles sold in Q2 last year.  Retails were lower year-on year in most regions, including North America (-15.6%), China (...
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Jaguar Land Rover Begins Delivery Of New SUV F-PACE

Jaguar Land Rover Begins Delivery Of New SUV F-PACE

Jaguar Land Rover (JLR) on Monday commenced deliveries of the new Jaguar F-PACE SVR Sports Utility Vehicle (SUV) to customers in India.Powered by a petrol engine with an output of 405kW, the vehicle can accelerate from 0-100 km/h in 4 seconds.The performanc...
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BMW Lifts 2021 Annual Profit Forecast To 9.5%-10.5%

BMW Lifts 2021 Annual Profit Forecast To 9.5%-10.5%

The management of BMW AG has lifted its annual profit margin forecast to between 9.5% and 10.5% from 7% to 9%.    The company in a statement also boosted its forecast for return on equity in its financial services segment to 20%-23% fr...
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Bajaj Auto Records 402,021 Sales In September

Bajaj Auto Records 402,021 Sales In September

Bajaj Auto’s total vehicle sales (domestic + exports) stood at 402,021 units in September 2021, marking a decline of 9% compared to 441,306 units recorded in the same month last year.  The management of Bajaj Auto has also explained 16%...
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Toyota Outsells GM In Nine Months

Toyota Outsells GM In Nine Months

Japanese automaker, Toyota Motor Corporation outsold General Motors Co in the United States for the first nine months of 2021 as the Detroit automaker grappled with production problems stemming from the semiconductor chip shortage.Toyota du...
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Rolls-Royce Targets All-Electric Range By 2030

Rolls-Royce Targets All-Electric Range By 2030

 Rolls-Royce will produce only electric cars by 2030, the luxury carmaker has said, joining other premium brands making the switch such as Volkswagen’s Bentley and Jaguar‘s Land Rover.The BMW-owned brand explained in a statement that its first...
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