Category: Auto

Rolls-Royce ‘Boat Tail’: Counterpoint To Industrialised Luxury
June 6, 2021 No Responses

Rolls-Royce ‘Boat Tail’: Counterpoint To Industrialised Luxury

“We are proud to unveil Rolls-Royce Boat Tailto the world,and with it, the confirmation of coachbuilding as a permanent fixture within our future portfolio.  “Historically, coachbuilding had been an integral part of the Rolls-Royce story.  In the contemporary Rolls-Royce narrative, it...
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Toyota Restructures, Expands Venture Fund
June 4, 2021 No Responses

Toyota Restructures, Expands Venture Fund

Toyota Motor Corporation  is rebranding its corporate investment arm as Toyota Ventures and adding two early-stage funds, including one focused on investing in startups developing solutions for climate change and carbon neutrality...
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Kia Delivers 11,050 Units In May
June 2, 2021 No Responses

Kia Delivers 11,050 Units In May

 Kia India, a subsidiary of Kia Corporation, sold 11,050 units in May 2021. On a month-on-month basis the company saw 31% decline in sales as its April sales were at 16,111 units.Sales of Kia Sonet were at 6,627 units. It was followed by Seltos...
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Hyundai Targets One Million Electric Vehicles By 2025
May 29, 2021 No Responses

Hyundai Targets One Million Electric Vehicles By 2025

 Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs).   According to Reuters report, the move will result in a 50% reduction in m...
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Ford CEO: Electric Vehicle Demand Will Transform Industry
May 24, 2021 No Responses

Ford CEO: Electric Vehicle Demand Will Transform Industry

A new electric version of Ford’s immensely popular F-150 pickup truck might just be the catalyst that hastens America’s transition from gasoline to battery-powered vehicles.Jim Farley, the company’s new CEO, calls the introduction of an elect...
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Nissan, Suzuki To Curtail Production In June
May 23, 2021 No Responses

Nissan, Suzuki To Curtail Production In June

A global chip shortage is forcing Nissan Motor Co and Suzuki Motor Corp to temporarily halt production at some plants in June, sources with direct knowledge of the plans told Reuters.Nissan Motor Co will idle its factory in Kyushu, southern Japan, for th...
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Coscharis Unveils New Vehicle Finance Scheme
May 22, 2021 No Responses

Coscharis Unveils New Vehicle Finance Scheme

By citybusinessnews@yahoo.com — Coscharis Mobility Limited, a subsidiary of Coscharis Group has unveiled new vehicle finance scheme in partnership with Coscharis Motors.    Unlike the conventional vehicle finance usually midwifed by b...
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South Africa Unveils Electric Vehicle Manufacturing Agenda
May 21, 2021 No Responses

South Africa Unveils Electric Vehicle Manufacturing Agenda

As part of measures to increase the country’s competitiveness in the global automotive market, the South African Government has launched a public consultation on how to boost domestic production of electric vehicles (EVs).  Already, the Department o...
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Coscharis Extends Renault Giveaway Promo
May 20, 2021 No Responses

Coscharis Extends Renault Giveaway Promo

Foremost automobile company and sole distributor of Renault brand in Nigeria, Coscharis Motors has announced the extension of its Renault giveaway promo.  The promo which was earlier scheduled to run till the end of April has now been extended to...
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All-New Kia K5 Settles In Nigeria, Displays Attributes
May 20, 2021 No Responses

All-New Kia K5 Settles In Nigeria, Displays Attributes

The K5 luxury sedan since its launch in Nigeria has continued to wow and creates head-turning experiences to people across the country. It’s wide acceptance and awe are a testament to Kia’s commitment to design, quality, and the ownership experience...
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Jaguar Land Rover Explains $1b Loss
May 19, 2021 No Responses

Jaguar Land Rover Explains $1b Loss

Jaguar Land Rover’s (JLR) owner Tata Motors announced a surprise quarterly loss of more than $1bn (£700m). It came as the Indian company wrote off $2.05bn related to its revamp of the UK-based luxury car business.  It also warned that...
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Hyundai, Kia To Suspend Plants
May 15, 2021 No Responses

Hyundai, Kia To Suspend Plants

Hyundai Motor and its affiliate Kia said on Friday they will suspend some of their assembly lines for several days next week due to semiconductor shortages.Hyundai Motor plans to halt the No. 5 Ulsan plant, which produces the Tucson sport utility vehicle an...
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Hyundai To Invest $7.4b In Electric Cars, Expansion
May 14, 2021 No Responses

Hyundai To Invest $7.4b In Electric Cars, Expansion

South Korea’s Hyundai Motor Group said on Thursday it planned to invest $7.4 billion in the United States by 2025 to produce electric vehicles, upgrade production facilities and further its investment in smart mobility solutions.The announcement came b...
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Jaguar Land Rover’s Fourth Quarter Is ‘Good News’, Says CEO
May 13, 2021 No Responses

Jaguar Land Rover’s Fourth Quarter Is ‘Good News’, Says CEO

Jaguar Land Rover’s (JLR) fourth-quarter results next week will be “good news” and the carmaker is open to doing more in partnership with other companies, including going further on an existing relationship with BMW, its boss said on Wednesda...
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