Category: Auto

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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University Dons Laud Coscharis Group On Assembly Plant
May 10, 2021 No Responses

University Dons Laud Coscharis Group On Assembly Plant

Foremost auto dealer, Coscharis Motors, a subsidiary of Coscharis Group has been commended for developing local contents in reference to the local assembly plant located in their group head office in Lagos.   This commendation came up during the rece...
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India Tops Vehicle Imports Into South Africa
May 9, 2021 No Responses

India Tops Vehicle Imports Into South Africa

Between January and December 2020, India was the top country of origin for vehicle imports into South Africa despite COVID-19 lockdowns and overall declines in vehicle sales.  The Automotive Export Manual report unveiled at the weekend by the Au...
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BMW Confirms 2021 Outlook
May 9, 2021 No Responses

BMW Confirms 2021 Outlook

BMW remains on course to meet its profit targets for 2021 despite rising raw material costs, the German carmaker ha said, having largely steered clear of the semiconductor chip shortage battering rivals like Volkswagen.Volkswagen boss Herbert Di...
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SHACMAN Fire Truck Debuts
May 7, 2021 No Responses

SHACMAN Fire Truck Debuts

To address the issues of the recent rampant fire outbreak across states, Transit Support Services (TSS), has introduced SHACMAN Fire Trucks. SHACMAN fire trucks which was added to SHACMAN Nigeria range ofproducts; tractor heads, dump/tipper trucks, mixer and l...
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Renault Unveils New Logo
May 7, 2021 No Responses

Renault Unveils New Logo

Renault on Thursday unveiled its new brand identity. The previous iteration was created in 1992 and was re-worked in 2015. According to Renault, its recently unveiled logo is more modern and vibrant, and it serves a key purpose: to portray the Renaul...
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Winpart By CFAO Unveils Spare Parts e-Commerce Website For All Car Brands
May 5, 2021 No Responses

Winpart By CFAO Unveils Spare Parts e-Commerce Website For All Car Brands

Winpart, a division of CFAO Motors and Nigeria’s fast-growing distributor in original vehicle maintenance spare parts, has launched an e-commerce website as part of its commitment to solve the fake parts dilemma faced by vehicle owners, and to deepen ac...
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New Nissan Pathfinder Debuts
May 4, 2021 No Responses

New Nissan Pathfinder Debuts

Nissan has rolled out new Nissan Pathfinder Sports Utility Vehicle (SUV). The 7-seater SUV builds upon the characteristics of its predecessors.Under the hood of the new Pathfinder is a 284-horsepower 3.5-liter Direct Injection V6 with 259 lb-ft of torque. The....
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South Korea Captures 31 Per Cent Of Global Electric Vehicle Battery Market In Q1
May 3, 2021 No Responses

South Korea Captures 31 Per Cent Of Global Electric Vehicle Battery Market In Q1

Three South Korean electric vehicle (EV) battery makers accounted for 31 percent of the global market in the first quarter, but their share has slipped since last year in the face of toughening competition with Chinese rivals, a market research firm said...
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Ford, BMW Lead $130m Investing Round In Solid-State Battery Startup
May 3, 2021 No Responses

Ford, BMW Lead $130m Investing Round In Solid-State Battery Startup

Ford Motor Co and BMW AG are leading a $130 million funding round in a solid-state battery startup, Solid Power, as carmakers push to lower the cost of electric vehicles by investing in the development of affordable but powerful rechargeable batteries, the ...
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Toyota To Invest $803m In New Plant, Targets 1,400 Jobs
April 29, 2021 No Responses

Toyota To Invest $803m In New Plant, Targets 1,400 Jobs

Toyota says it will invest $803 million and add 1,400 new jobs at its Indiana auto manufacturing plant so it can produce two new SUVs there, one of which will be the first Lexus made at the plant.The Japanese automaker says both...
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