Category: Auto

Stallion Rolls Out 100,000th Bajaj Keke In Nigeria
March 23, 2022 No Responses

Stallion Rolls Out 100,000th Bajaj Keke In Nigeria

In less than two years, Stallion Auto Keke Limited (SAKL), a member of Stallion Group and Nigeria’s sole distributor of Bajaj 3-wheelers & 4-wheelers, has rolled out 100,000 Bajaj Keke into the nation’s tricycle market.        Making the announcement in...
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Osinbajo Inaugurates Toyota Service Centre In Lagos 
March 22, 2022 No Responses

Osinbajo Inaugurates Toyota Service Centre In Lagos 

The Vice President, Yemi Osinbajo, on Monday inaugurated the state-of-the-art Toyota Service and Research Facility in Lagos State.   Osinbajo also applauded the Managing Director, Toyota Nigeria Limited, Mr Kunle Ade-Ojo, as well as its board an...
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Toyota Suspends 18 Assembly Lines
March 20, 2022 No Responses

Toyota Suspends 18 Assembly Lines

Japanese manufacturers began restarting production at plants in the country’s quake-hit northeast, but Toyota Motor Corporation said it plans to idle 18 assembly lines for a few days this week due to a shortage of parts from suppliers.On one ha...
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VW Joins Sustainable Mining Initiative
March 20, 2022 No Responses

VW Joins Sustainable Mining Initiative

 Volkswagen has joined a group that sets environmental and social standards in mining as the world’s No.2 carmaker steps up efforts ensure its raw materials are sustainable, especially in electric vehicles (EVs).Big companies have com...
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Electric Vehicles: Nigeria Seeks UN Assistance  
March 19, 2022 No Responses

Electric Vehicles: Nigeria Seeks UN Assistance  

The Federal Government of Nigeria is seeking the assistance of United Nations (UN) in the areas of technical and infrastructural capacity in its drive to transit to electric vehicles.  The Secretary to the Government of Federation (SGF), Mr Boss Mustapha....
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VW Recalls 246,000 SUVs
March 19, 2022 No Responses

VW Recalls 246,000 SUVs

 Volkswagen is recalling more than 246,000 SUVs in the U.S. and Canada because faulty wiring harnesses can make them brake unexpectedly, sometimes while in traffic.The recall comes three days after The Associated Press reported that 47 people had com...
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Tata Motors To Take Over Ford’s Indian Plant
March 18, 2022 No Responses

Tata Motors To Take Over Ford’s Indian Plant

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Nissan India Appoints Torres As President
March 18, 2022 No Responses

Nissan India Appoints Torres As President

Japanese automaker, Nissan has appointed senior executive Frank Torres as the new President of the India operations, effective from April 1, 2022. He will be responsible for leading the brand across its operations in the country.Torres replaces Sinan...
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Mercedes To Sustain EV Investments Despite Ukraine War
March 17, 2022 No Responses

Mercedes To Sustain EV Investments Despite Ukraine War

Mercedes-Benz AG won’t cut spending on future electric vehicles even as it copes with supply-chain cost pressures exacerbated by the Russia-Ukraine conflict, the German automaker’s chief executive has said   Ola Kaellenius,...
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Hyundai Launches Plant To Produce Indonesia’s First Electric Car
March 17, 2022 No Responses

Hyundai Launches Plant To Produce Indonesia’s First Electric Car

Hyundai Motor Group launched a new automotive plant on Wednesday that will produce Indonesia‘s first locally assembled electric vehicle, part of President Joko Widodo’s goal of developing a full EV supply chain utilising the cou...
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BMW Cuts 2022 Profit Forecast For Car Segment
March 17, 2022 No Responses

BMW Cuts 2022 Profit Forecast For Car Segment

BMW lowered its profit margin expectations for its automotive segment for 2022 due to the war in Ukraine, the German carmaker said on Wednesday.BMW Group now predicts growth of earnings before interest and taxation (EBIT) in its car segment in a...
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Auto Finance: Nigerian Startup Firm Secures $105m For Expansion 
March 15, 2022 No Responses

Auto Finance: Nigerian Startup Firm Secures $105m For Expansion 

A Nigerian startup, Moove Africa BV, that provides vehicle financing to Uber Technologies drivers among others, has raised $105 million to expand operations in new markets including in Asia and the Middle East.  The company in a statement issued on...
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VW, Ford Deepen Electric Vehicle Cooperation
March 15, 2022 No Responses

VW, Ford Deepen Electric Vehicle Cooperation

Volkswagen Monday said it has deepened its e-mobility partnership with Ford under which the U.S. carmaker will produce a second electric vehicle for the European market based on its German rival’s platform.As part of th...
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VW Profits Surge Despite Selling Fewer Cars
March 13, 2022 No Responses

VW Profits Surge Despite Selling Fewer Cars

Volkswagen said its net profits jumped last year despite selling fewer cars due to the semiconductor shortage as buyers forked out for better-equipped cars.The German automaker’s net profit rose 75% to 15.4 billion euros (USD 16.8 billion) in 2021.The...
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