Category: Auto

Trump Visits Ford
May 23, 2020 No Responses

Trump Visits Ford

President Donald Trump traveled on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid tensions with its Democratic governor during the coronavirus pandemic, opting not to wear a protective face mask for the cameras.Trump toured...
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Renault May Close French Factories
May 21, 2020 No Responses

Renault May Close French Factories

French automobile manufacturer Renault has earmarked three manufacturing and assembling factories for closure. According to French media daily,the move comes as a core of the restructuring plan for the company with the intention to reduce fixed costs by €2 b...
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Mitsubishi Motors Declares 89 Per Cent Drop In Profit
May 20, 2020 No Responses

Mitsubishi Motors Declares 89 Per Cent Drop In Profit

Mitsubishi Motors Corporation  will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual profit, its weakest performance in three years, and skipping its year-end dividend.The coronavirus crisis has...
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Hyundai Unveils Smart Mobility Ecosystem
May 19, 2020 No Responses

Hyundai Unveils Smart Mobility Ecosystem

 Hyundai Motor on Monday  announced that it is displaying its futuristic smart mobility ecosystem concept’s miniature version at the headquarter.The smart mobility ecosystem of the automaker comprises its Urban Air Mobility (UAM) concept, Purpose Bu...
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Kia Resumes Production
May 19, 2020 No Responses

Kia Resumes Production

Kia Motors on Monday announced that it has resumed production at the Anantapur plant in India after a month long shutdown in accordance to the lockdown announced by the Government.  The South Korean automaker explained that it has incorporated stringent.....
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Coscharis Motors Reopens Auto Sales, Service Facilities
May 18, 2020 No Responses

Coscharis Motors Reopens Auto Sales, Service Facilities

  By Citybusinessnews@yahoo.com Foremost  auto dealer, Coscharis Motors, a subsidiary of Coscharis Group is set to reopen its auto sales outlets and service workshops in accordance with government directive from Wednesday May 20, 2020.  According to t...
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Nissan Unveils Kicks e-Power SUV
May 18, 2020 No Responses

Nissan Unveils Kicks e-Power SUV

Nissan has launched the Kicks e-Power SUV in Thailand. The SUV is capable of delivering the power and performance of an electric car.Available in four different variants, the  e-Power technology onboard the Nissan Kicks e-Power SUV combines an EM57 electric...
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Renault To Discontinue Iconic Models
May 17, 2020 No Responses

Renault To Discontinue Iconic Models

Renault is preparing to substantially reduce its vehicle range, withdrawing well-known but ailing models like the Espace minivans, as part of looming cost cutting plans.  According to Reuters,the company had already embarked on an overhaul of it...
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Nissan To Raise $4.7b Bond
May 16, 2020 No Responses

Nissan To Raise $4.7b Bond

Nissan Motor has registered with the Japanese government to issue up to 500 billion yen ($4.7 billion) in bonds within two years The major Japanese automaker, which registered its first corporate bond issue in four years with the Kanto Local...
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Weststar Reopens Facilities, Fumigates Premises
May 14, 2020 No Responses

Weststar Reopens Facilities, Fumigates Premises

  By citybusinessnews@yahoo.com  Weststar Associates Limited, authorized general distributor of Mercedes-Benz in Nigeria has reopened its facilities in Lagos and Abuja for business operations.  However, due to Coronavirus pandemic and in line with gove...
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Kia Motors Nigeria Resumes Operations, Explains Safety Modalities
May 14, 2020 No Responses

Kia Motors Nigeria Resumes Operations, Explains Safety Modalities

 By Citybusinessnews@yahoo.com Kia Motors Nigeria has opened its facilities inline with government’s and health experts’ directives for business operations as the Coronavirus lockdown eases in phases. Marketing Manager, Olawale Jimoh, in a ...
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Honda TO Resume Auto Production In U.K.
May 14, 2020 No Responses

Honda TO Resume Auto Production In U.K.

Honda Motor Company  said it plans to resume production in the U.K. early next month, the latest automaker to restart operations shuttered amid the global coronavirus pandemic. The Japanese carmaker, which makes the Civic compact sedan at a factory in...
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Toyota Pledges To Protect Workers, Explains $66b Quarterly sales
May 13, 2020 No Responses

Toyota Pledges To Protect Workers, Explains $66b Quarterly sales

The President of Toyota Motor Corporation, Akio Toyoda on Tuesday promised to protect jobs and what he called “Toyota people” across the world “with their skills and shared sense of mission“.  Akio Toyoda said the company is facing it...
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Auto Industry To Raise $100b From Banks
May 12, 2020 No Responses

Auto Industry To Raise $100b From Banks

Global automakers and suppliers are on track to get at least $100 billion of bank financing as the coronavirus pandemic hammers car sales.Mazda Motor is the latest to join the rush, with Nikkei reporting that the company is seeking a 300...
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