Category: Auto

Daimler Recalls 2.6m Mercedes-Benz Cars
March 13, 2021 No Responses

Daimler Recalls 2.6m Mercedes-Benz Cars

German luxury automaker, Daimler will recall 2.6 million Mercedes-Benz vehicles in China due to a software design issue, the country’s market regulator said on Friday.Software may fail to communicate a vehicle’s correct location in the event of a crash, China’s State Administration for...
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BMW Targets More Profit In 2021
March 12, 2021 No Responses

BMW Targets More Profit In 2021

BMW on Thursday explained that  net profit fell 23 per cent last year to 3.86 billion euros (USD 4.62 billion) as the pandemic shuttered factories in the first part of the year. The maker of the X5 sport utility and 3-Series sedan said...
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Ecobank Partners NEXIM Bank, Unveils Trade Opportunities For Exporters
March 11, 2021 No Responses

Ecobank Partners NEXIM Bank, Unveils Trade Opportunities For Exporters

Ecobank, in partnership with the Nigerian Export Import Bank (NEXIM) is hosting a breakfast meeting with exporters on Thursday, March 11, 2021 by 11am.    The focus of the meeting according to Chijioke Uzoukwu, Head of Trade, Ecobank Nigeria wou...
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Hyundai Reveals All-New Kona N
March 11, 2021 No Responses

Hyundai Reveals All-New Kona N

Hyundai Motor on Wednesday revealed the first look of all-new Kona N with a powerful stance and high-performance design elements.Kona N will be the latest addition of the Hyundai N brand line-up, and the first N model with an SUV body type which...
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VW Doubles Sales Targets For Electric Vehicles
March 6, 2021 No Responses

VW Doubles Sales Targets For Electric Vehicles

The flagship VW brand of German automobile giant Volkswagen said Friday it hoped electric vehicles would account for 70 percent of its European sales by 2030, doubling its previous target in the face of ever-stricter legislation.“We are stepping up...
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Hyundai India Delivers 51,600 Units In February
March 2, 2021 No Responses

Hyundai India Delivers 51,600 Units In February

For the month of February, 2021, Hyundai Motor India on Monday reported growth of 29% in domestic sales at 51,600 units, against 40,010 units in the same month last year.Exports were up by 14.6% to 10,200 units in February 2021 over Februar...
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Hyundai To Strengthen SUV Lineup
March 1, 2021 No Responses

Hyundai To Strengthen SUV Lineup

South Korea Auto Firm,  Hyundai Motor has concluded plans to further consolidate its Sports Utility Vehicle (SUV)portfolio in India.   The company, which is the second largest passenger vehicle maker in the country, is a...
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Toyota Develops New Fuel Cell System
February 28, 2021 No Responses

Toyota Develops New Fuel Cell System

Toyota Motor Corporation has developed a packaged fuel cell system module, as it hopes to expand its usage and accessibility of the zero-emission technology amid the industry‘s shift towards electric vehicles (EVs).The world’s bigges...
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Despite Covid-19, Volkswagen Reports $10.7b Profit In 2020
February 27, 2021 No Responses

Despite Covid-19, Volkswagen Reports $10.7b Profit In 2020

For the 2020 financial year,  Volkswagen disclosed on Friday that it made better than expected profit of 8.8 billion euros ($10.7 billion) after tax despite the pandemic.    The world’s No. 2 automaker said the rapid recovery of ...
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Suzuki Motor Chairman Retires At 91
February 26, 2021 No Responses

Suzuki Motor Chairman Retires At 91

Suzuki Motor Corp‘s 91-year old chairman, Osamu Suzuki, announced he will retire in June, stepping aside for a new leader to navigate the shift to electric cars and fight off competition from tech giants such as Tesla and Apple.The company...
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Hyundai IONIQ 5 Redefines Electric Mobility Lifestyle
February 25, 2021 No Responses

Hyundai IONIQ 5 Redefines Electric Mobility Lifestyle

Hyundai Motor Company has launched the IONIQ 5 midsize CUV during a virtual world premiere event. As the first model in Hyundai’s new IONIQ brand dedicated to battery electric vehicles (BEV), IONIQ 5 sets the benchmark to redefine the electric mobility....
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Hyundai Nigeria Unveils 2021 Hyundai Grand i10 Sedan, Petrol Kona
February 23, 2021 No Responses

Hyundai Nigeria Unveils 2021 Hyundai Grand i10 Sedan, Petrol Kona

Stallion Hyundai Motors Nigeria has unveiled locally assembled petrol-powered Hyundai Kona and all new 2021 Hyundai Grand i10 Sedan as part of measures to provide options to Hyundai Kona Electric Vehicle (EV) customers.   The company had late last ye...
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Hyundai Signs Electric Vehicle MoU With Multiple Stakeholders
February 20, 2021 No Responses

Hyundai Signs Electric Vehicle MoU With Multiple Stakeholders

The management of Hyundai Motor Company has signed a memorandum of understanding (MoU) to work with the South Korean government along with logistics, battery and mobility companies for electric vehicle (EV) battery leasing, use and reuse business.The carmake...
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Michelin Explains Drop In Sales, Grip On Profit
February 19, 2021 No Responses

Michelin Explains Drop In Sales, Grip On Profit

French tyre manufacturer, Michelin, has explained that it remained profitable in 2020 despite a pandemic-induced drop in sales, thanks in part to prices dropping on raw ma taking a hit worldwide, Michelin also saw its sales drop by 15 ...
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