Category: Auto

Hyundai, Firm Name $4b Self-Driving Joint Venture Motional
August 12, 2020 No Responses

Hyundai, Firm Name $4b Self-Driving Joint Venture Motional

South Korean automaker Hyundai Motor Co and auto supplier Aptiv PLC have named their self-driving joint venture Motional, the companies said Tuesday.Formed a year ago, the $4-billion venture is developing a fully automated system that it hopes to begin selling in 2022 to robotaxi companies...
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Hyundai Records 10.2 Per Cent Increase In Shares
August 10, 2020 No Responses

Hyundai Records 10.2 Per Cent Increase In Shares

Hyundai Motor Company stock has jumped as much as 10.2% to its highest price since May 2018, after the automaker said it would create a family of Ioniq-brand electric vehicles (EVs) as it aims to become the third-largest EV maker...
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Jaguar Land Rover Loses Court Battle Over Defender Trademark
August 9, 2020 No Responses

Jaguar Land Rover Loses Court Battle Over Defender Trademark

 Jaguar Land Rover lost a UK court bid to get the trademark rights for the shape of its iconic Defender Sports Utility Vehicle (SUV), freeing billionaire Jim Ratcliffe’s Ineos Group to go ahead with the Grenadier off-road vehicle. A London court...
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Mitsubishi Motors Chairman Steps Down
August 8, 2020 No Responses

Mitsubishi Motors Chairman Steps Down

Mitsubishi Motors Corporation chairman, Osamu Masuko on Friday resigned due to health reasons and has handed over the role to Chief Executive Officer to  Takao Kato on a temporary basis.Masuko joined the automaker in 2004, and became president i...
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Kia Motors Premieres Sonet SUV
August 8, 2020 No Responses

Kia Motors Premieres Sonet SUV

Kia Motors Corporation on Friday unveiled its sub-compact Sports Utility Vehicle (SUV) Sonet. Kia Sonet will be offered with 3 engine options of 1.2-litre petrol, 1.0-litre turbo petrol and the 1.5-litre turbo diesel.  According to Kia, these engines...
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Stallion Bajaj Flags-Off Keke Rally
August 7, 2020 No Responses

Stallion Bajaj Flags-Off Keke Rally

      By Moses Ebosele, ebosele@hotmail.com     Stallion Bajaj on Friday in Lagos, Nigeria  flagged-off what it described as the “First Keke Rally In Nigeria’’.    Comprised of five“Keke Rally Drivers’’, security agents, among other...
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Toyota Reports 74 Per Cent Drop In Profit
August 7, 2020 No Responses

Toyota Reports 74 Per Cent Drop In Profit

Toyota‘s profit plunged 74 per cent in the last quarter as the coronavirus pandemic sank vehicle sales to about half of what the top Japanese automaker sold the previous year. Toyota Motor Corporation  reported on Thursday a profit of 158.8 billion...
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New Ford CEO Targets Expansion
August 6, 2020 No Responses

New Ford CEO Targets Expansion

Ford Motor Co‘s incoming Chief Executive Jim Farley said he wants to expand the automaker’s operations into related technology fields, including software, fleet management and electric vehicle charging. “These are new growth initiatives tha...
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Mitsubishi To Begin Car Production In Myanmar
August 5, 2020 No Responses

Mitsubishi To Begin Car Production In Myanmar

  Mitsubishi Motors is considering building vehicles in Myanmar, as the Japanese automaker deepens its commitment to Southeast Asia.   The Japanese automaker already has a production base in Vietnam, as well as in Thailand, Indonesia and the Philippines. A...
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Ford Motor’s CEO Steps Down
August 5, 2020 No Responses

Ford Motor’s CEO Steps Down

The Chief Executive Officer of Ford Motor Company, Jim Hackett, is stepping down on October 1 after three years at the helm.  In a statement on Tuesday, the American multinational automaker said Hackett would be succeeded by Jim Farley, its...
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Hyundai Acquires GM Plant
August 5, 2020 No Responses

Hyundai Acquires GM Plant

Russia’s Anti-Monopoly Service has  approved Hyundai‘s acquisition of a General Motors factory in St Petersburg.  Russia’s auto market has come under strain from the coronavirus crisis, which caused new car sales...
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Skoda Appoints Thomas Schäfer As Board Chairman
August 4, 2020 No Responses

Skoda Appoints Thomas Schäfer As Board Chairman

Skoda Auto has announced that Thomas Schäfer has taken over as the Chairman of the Board with immediate effect.In this position, he succeeds Bernhard Maier, who is handing over the office to his successor after almost five years at the helm, th...
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Volkswagen Unveils Vehicle Assembly Facility In Ghana
August 4, 2020 No Responses

Volkswagen Unveils Vehicle Assembly Facility In Ghana

Volkswagen is expanding its footprint in Sub-Sahara Africa with the official opening of  vehicle assembly facility in Accra, Ghana.  A statement issued by Head of Group Communications, Volkswagen Group South Africa, Andile Dlamini,  sa...
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Bajaj Keke Partners With Stallion Group To Attain Market Dominance
August 3, 2020 No Responses

Bajaj Keke Partners With Stallion Group To Attain Market Dominance

Foremost conglomerate in Nigeria, Stallion Group recently emerged sole representative of Bajaj in Nigeria. In this interview, Managing Director, Stallion Auto KeKe Ltd, Mr. Manish Rohtagi bares his mind on the Bajaj brand, growth agenda, after-sales, network e...
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