Category: Auto

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 China, its largest single...
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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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Afreximbank, Association Sign MoU To Promote Automotive Industry In Africa
February 19, 2021 No Responses

Afreximbank, Association Sign MoU To Promote Automotive Industry In Africa

The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have signed a Memorandum of Understanding (MoU) for the financing and promotion of the automotive industry in Africa. A joint statement issued by both o...
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Global Premiere Of New Skoda Kushaq Holds March 18
February 18, 2021 No Responses

Global Premiere Of New Skoda Kushaq Holds March 18

Skoda Auto India head Zac Hollis on Wednesday took to Twitter to announce that the Skoda Kushaq will be premiered on March 18. The Skoda Kushaq is the Czech automaker’s first Made-for-India car.The Skoda Kushaq was christened back in January a...
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Jaguar Land Rover To Sack 2,000 Workers
February 18, 2021 No Responses

Jaguar Land Rover To Sack 2,000 Workers

The management of Jaguar Land Rover said on Wednesday it would cut 2,000 jobs from its global salaried workforce, just days after announcing its luxury Jaguar brand will be entirely electric by 2025 and e-models of its entire lineup will be launched by 203...
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FG To Establish Automotive Industrial Parks In Nnewi, Ede, Kaduna
February 17, 2021 No Responses

FG To Establish Automotive Industrial Parks In Nnewi, Ede, Kaduna

The Director General, National Automotive Design and Development Council (NADDC), Mr Jelani Aliyu, on Tuesday said the Federal Government will  establish Automotive Industrial Parks in three states to promote local production of v...
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Jaguar Car Brand To Be All-Electric By 2025
February 16, 2021 No Responses

Jaguar Car Brand To Be All-Electric By 2025

Jaguar Land Rover’s Jaguar brand will be all-electric by 2025, the carmaker has said.  The company will launch electric models of its entire Jaguar and Land Rover line-up by 2030, it added.  The firm said it would keep all three...
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Mercedes-Benz Crosses 50m Vehicle Production Landmark
February 15, 2021 No Responses

Mercedes-Benz Crosses 50m Vehicle Production Landmark

Mercedes-Benz  family has achieved the milestone of producing fifty million vehicles globally.    The foremost auto firm explained at the weekend  that the fifty millionth car produced is the new Mercedes-Maybach S-...
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Electric Cars: Autoworkers Face Uncertain Future
February 13, 2021 No Responses

Electric Cars: Autoworkers Face Uncertain Future

When General Motors boldly announced its goal last month to make only battery-powered vehicles by 2035, it didn’t just break from more than a century of internal combustion engines. It also clouded the future for 50,000 GM workers whose jobs could beco...
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Volkswagen Explores Flying Cars
February 10, 2021 No Responses

Volkswagen Explores Flying Cars

Volkswagen is conducting a feasibility study in China about flying cars, Europe’s biggest automaker said on Tuesday, joining a growing number of companies looking into the potential technology.“Beyond autonomous driving the conc...
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