Category: Auto

Hyundai Motor To Invest $79.2b ln Eight Years 
March 3, 2022 No Responses

Hyundai Motor To Invest $79.2b ln Eight Years 

South Korea’s Hyundai Motor said on Wednesday it planned to invest about 95.5 trillion won ($79.21 billion) through 2030, including about 19.4 trillion won ($16.10 billion) towards electric vehicle (EV) related businesses.  Hyundai Motor, which together with affiliate Kia Corp...
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Toyota, Honda, VW, Jaguar Land Rover, Others Cut Business In Russia 
March 3, 2022 No Responses

Toyota, Honda, VW, Jaguar Land Rover, Others Cut Business In Russia 

Japanese car makers Toyota and Honda have joined the growing list of corporates pulling out of Russia as the Ukraine crisis continues to intensify. They follow western car makers Volkswagen, Volvo and General Motors, motorcycle maker Harley...
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Nissan Nigeria Introduces New Navara To Customers
February 27, 2022 No Responses

Nissan Nigeria Introduces New Navara To Customers

Stallion NMN Limited, Nigeria’s exclusive representative of Nissan brand, has officially revealed the new Navara pickup truck to its Nigerian customers.   Held on Friday evening at the Oriental Hotel, Lekki, Lagos, the Navara Customer launch attrac...
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Vitafoam Begins Production Of Oil Filter For Automobiles
February 24, 2022 No Responses

Vitafoam Begins Production Of Oil Filter For Automobiles

Vitaparts Nigeria Limited, a subsidiary of Vitafoam Nigeria Plc, has commenced manufacture of oil filters for automobiles.  The Company’s Operations Manager, Eghosa Osadolor, in a statement on Wednesday explained that the innovation puts the compan...
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Thailand Approves Tax Breaks For Electric Vehicles
February 24, 2022 No Responses

Thailand Approves Tax Breaks For Electric Vehicles

Thailand’s cabinet has approved tax incentives to promote a shift to electric vehicles (EVs), and to attract “high potential” foreigners to help boost the economy, the finance minister said.Reuters report that the vehicle tax measures inclu...
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Toyota Delivers 239,723 Units In Thai, Targets 284,000 In 2022 
February 21, 2022 No Responses

Toyota Delivers 239,723 Units In Thai, Targets 284,000 In 2022 

The Thai unit of Toyota Motor Corporation expects its car sales in the Southeast Asian country to rise 18.5% to 284,000 vehicles this year.  Reuters report that Toyota, which commands about a third of the Thai vehicle market, recorded sales...
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Kia Unveils Carens In 19 Variants
February 20, 2022 No Responses

Kia Unveils Carens In 19 Variants

Kia India has announced the launch of its fourth and latest ‘Made-for-India’ offering, the three-row recreational vehicle, Carens.   The highly anticipated model is available in five trims, three engine, and three transmission options.  With...
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NAJA Reelects Ocheoma As Chairman
February 19, 2022 No Responses

NAJA Reelects Ocheoma As Chairman

The Nigerian Auto Journalists Association (NAJA) has reelected Mike Ocheoma of Business AM Newspaper as Chairman to pilot the affairs of the association for another three years.   In the keely contested election held in Lagos on Friday, Ocheoma emerged ...
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NADDC Trains 70 Auto Technicians   
February 12, 2022 No Responses

NADDC Trains 70 Auto Technicians   

The National Automotive Design and Development Council (NADDC), has trained 70 automobile technicians in North East.  Speaking at the closing ceremony of the 14-day training exercise on Friday in Bauchi, the Coordinator, Prof. Ismaila Shehu explained that...
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Toyota Quarterly Profit Beats Estimates 
February 11, 2022 No Responses

Toyota Quarterly Profit Beats Estimates 

Toyota has declared a forecast-beating net profit of $6.8 billion for the three months to December, even as a global chip crunch and a pandemic-driven parts shortage forced production cuts.AFP report that the Japanese auto giant, which kept its crown as...
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Hyundai Santa Fe Gets Large SUV Award
February 8, 2022 No Responses

Hyundai Santa Fe Gets Large SUV Award

The Hyundai Santa Fe has been hailed ‘Large SUV of the Year’ in the prestigious 2022 What Car?  of the Year Awards. The What Car? judges also named the Hyundai i10 ‘Best Small Car for the City’ and the Hyundai TUCSON...
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Hyundai Delivers 44,022 Units In January
February 3, 2022 No Responses

Hyundai Delivers 44,022 Units In January

Hyundai Motor India Ltd (HMIL), on Wednesday, reported a decline of 15.35% in its domestic sales to 44,022 units in January 2022. The company had sold 52,005 units in January 2021. Hyundai Motor India  exported 9,405 units in January 2022, ...
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2021:Toyota Widens Lead On Volkswagen, Records 10.5m Sales
January 29, 2022 No Responses

2021:Toyota Widens Lead On Volkswagen, Records 10.5m Sales

Japan’s Toyota Motor Corporation said on Friday its vehicle sales rose by 10.1% last year, making it the world’s biggest carmaker for a second straight year and putting it further ahead of its nearest rival, Germany’s Volkswagen. The carmaker...
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Daimler AG To Rebrand As Mercedes-Benz Group
January 29, 2022 No Responses

Daimler AG To Rebrand As Mercedes-Benz Group

Daimler AG will be formally renamed Mercedes-Benz Group AG on Tuesday — nearly a year after the spin-off of its truck and bus division was announced — in a move its boss hopes will unlock shareholder value for the premium-car...
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