Category: Auto

Hyundai, Shell Renew Pact
March 22, 2021 No Responses

Hyundai, Shell Renew Pact

 Hyundai Motor Company has signed a new five-year Global Business Cooperation Agreement with Shell for clean mobility, the automaker said in a release.   The agreement, which runs through 2026, marks the fourth extension of the partnership, having started in 2005.The partnership will undertake...
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NADDC, Coscharis Task Automotive Design Training Participants On Employment Opportunities
March 21, 2021 No Responses

NADDC, Coscharis Task Automotive Design Training Participants On Employment Opportunities

Investment in automotive design is the panacea for unemployment in Nigeria, the Director-General, National Automotive Design and Development Council (NADDC), Mr Jelani Aliyu, has said.   Aliyu said  this on Saturday in Owerri, Imo State&nbs...
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Despite Covid-19, Porsche Attains $34.14b Revenue, Delivers 272,000 Vehicles In 2020
March 21, 2021 No Responses

Despite Covid-19, Porsche Attains $34.14b Revenue, Delivers 272,000 Vehicles In 2020

For the 2020 financial year, Porsche achieved record revenues of 28.7 billion euros ($34.14 billion), despite the Covid-19pandemic.   Porsche’s profit before tax also increased to almost 4.4 billion euros in 2020. In total, it deliver...
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Kia Unveils EV6 Crossover
March 20, 2021 No Responses

Kia Unveils EV6 Crossover

Kia Motor Corporation has unveiled Battery-Electric Vehicle (BEV), the Kia EV6. EV6, scheduled to make its world premiere later this month.Kia EV6 adopts the Korean automaker’s brand new design philosophy, ‘Opposites United’, which ta...
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Volkswagen Is Worth $238b, Says CEO
March 17, 2021 No Responses

Volkswagen Is Worth $238b, Says CEO

 Volkswagen, the world’s No.2 carmaker, is worth 200 billion euros ($238 billion), Chief Executive Herbert Diess, confirming a previously stated target on the back of a 38% share price increase so far in 2021.“Analysts, too, arrive at the...
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Tata Motors Shareholders Approve New Entity
March 14, 2021 No Responses

Tata Motors Shareholders Approve New Entity

Shareholders of Tata Motors have approved separating its passenger vehicles business into an entity. The shareholders voted to consider and approve the transfer of the passenger vehicles business unit to TML Business Analytics Services Ltd ...
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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 ...
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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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