Category: Auto

Toyota To Forecast Higher Profit, Helped By Solid Demand
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...
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Hyundai Plans U.S. EV Plant
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....
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GAC Motor Lauds Nigerian Deal, Reviews Q1 Performance
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...
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Nigeria Implores Toyota, Nissan, VW, Others On Assembly Plant
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...
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Nissan To Invest $700m In Mexico
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.....
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Porsche AG Acquires Stake In Group14 Technologies 
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 ...
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Hyundai Rolls Out Creta Knight Edition
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...
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Geely Delivers 78,478 Units In February, Penetrates African Market
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...
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Hyundai To Unveil IONIQ 5
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...
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Nissan Ends Production Of Datsun Cars 
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...
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Nigeria Explains Financial Incentives Agenda For Electric Vehicle Makers, Buyers
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...
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BMW CEO Warns Against Electric-Only Strategy
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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Nissan Plans ‘Game Changing’ Electric Car Batteries 
April 15, 2022 No Responses

Nissan Plans ‘Game Changing’ Electric Car Batteries 

Nissan is working with the National Aeronautics and Space Administration (NASA) on a new type of battery for electric vehicles that promises to charge quicker and be lighter yet safe, the Japanese automaker said Friday. The all-solid-state battery will replace...
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Hyundai Budgets $300m For Eco-Friendly Plant
April 15, 2022 No Responses

Hyundai Budgets $300m For Eco-Friendly Plant

Hyudai Motor has concluded plans to invest $300million in its US plant to begin the production of environment-friendly vehicles later this year.Hyundai Motor will upgrade the existing assembly lines of its Alabama plant for the production of the Sant...
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