Category: Auto

New Honda City Debuts
June 18, 2020 No Responses

New Honda City Debuts

Ahead of the official launch in July, 2020,  Honda  on Wednesday  revealed the details of its upcoming fifth-generation City sedan. The midsize sedan competes with rivals like Maruti Suzuki CIaz, Hyundai Verna, Volkswagen Vento, Skoda Rapid and Toyota Yaris.According to Honda,...
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Jaguar Land Rover Records Surprise Sales Surge
June 17, 2020 No Responses

Jaguar Land Rover Records Surprise Sales Surge

Jaguar Land Rover said it’s seeing the beginnings of a demand rebound in China as the world’s second-largest economy opens up after months of inactivity following the coronavirus outbreak.While JLR lost 501 million pounds ($630 million) before tax in ...
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New Hyundai Creta Gets 30,000 Bookings
June 17, 2020 No Responses

New Hyundai Creta Gets 30,000 Bookings

South Korean auto firm, Hyundai, on Tuesday disclosed that the new Creta has received not less than 30,000 bookings in the Indian Market . According to the auto firm, 55 percent of the total bookings are diesel powered Hyundai Creta.The new...
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Volkswagen To Pay $267m For Audi Buyout
June 17, 2020 No Responses

Volkswagen To Pay $267m For Audi Buyout

Volkswagen will pay a 48% premium to buy out the minority shareholders of premium division Audi, Audi said on Tuesday.Volkswagen, which already holds 99.64% of Audi, announced the squeeze-out plans in February.“Volkswagen AG announced and specified tha...
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Nissan Unveils Agenda For New Rogue SUV
June 16, 2020 No Responses

Nissan Unveils Agenda For New Rogue SUV

There’s a lot riding on the Nissan Rogue, the struggling Japanese automaker’s top-selling vehicle in the hottest part of its second-biggest market, the United States. The small SUV has been redesigned for the 2021 model year, and a replac...
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At AGM, Toyota Vows To Remain Profitable
June 14, 2020 No Responses

At AGM, Toyota Vows To Remain Profitable

The Chief Executive Officer of Toyota Motor Corporation,  Akio Toyoda told shareholders at the automaker’s annual meeting that the company will remain profitable during the coronavirus pandemic, using lessons it learned during the global financial ...
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Ford Recalls 2.5m Vehicles
June 11, 2020 No Responses

Ford Recalls 2.5m Vehicles

Ford is recalling about 2.5 million vehicles in the U.S., Canada and elsewhere because of a nagging door latch problem and a brake fluid leak.The door latch recall covers more than 2.1 million cars, SUVs and vans in the U.S. The...
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Covid-19: Ford Re-Evaluates Office Space
June 9, 2020 No Responses

Covid-19: Ford Re-Evaluates Office Space

Ford Motor Co is re-evaluating how much office space it needs for white-collar workers as restrictions put in place during the coronavirus pandemic are eased and employees return to workplaces.In March, Ford, General Motors Co and Fiat Chrysler Automobiles...
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GAC Delivers First All-Electric Vehicle GE3
June 8, 2020 No Responses

GAC Delivers First All-Electric Vehicle GE3

Chinese OEM GAC Motor has  completed the first overseas delivery of its all-electric vehicle, the GE3 SUV. Yakov Ben Hion, the first international GE3 owner, is a technology enthusiast and environmentalist.  A statement quoted the owner as ...
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Jaguar Land Rover Secures $705m Loan
June 6, 2020 No Responses

Jaguar Land Rover Secures $705m Loan

Jaguar Land Rover (JLR) has entered into agreements with lenders in China for a secured term loan facility of 5 billion yuan ($704.50 million).. JLR’s vice president and China chief financial officer, Arthur Yu, said the Chinese banks that would pro...
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SHACMAN Nigeria Boosts Product Range With Fire Trucks
June 5, 2020 No Responses

SHACMAN Nigeria Boosts Product Range With Fire Trucks

SHACMAN Nigeria  has introduced two models of fire trucks to its range of trucks.In a statement sent to City Business News (www.citybusinessnews.com) on Friday, the company  explained that the two new fire trucks  as SHACMAN ...
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Germany Unveils $130b Stimulus To Kickstart Economy As Car Sales Drop By Half
June 5, 2020 No Responses

Germany Unveils $130b Stimulus To Kickstart Economy As Car Sales Drop By Half

Germany will plough 130 billion euros ($146 billion) into a stimulus package to kick-start an economy severely hit by the coronavirus pandemic, Chancellor Angela Merkel has said.Under the wide-ranging measures outlined in a 15-page document, value-ad...
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Hyundai Projects More Sales Though Digital Platforms
June 4, 2020 No Responses

Hyundai Projects More Sales Though Digital Platforms

Hyundai Motor has projected more sales in India through digital platforms in the coming months. Keeping this in mind, the country’s second largest passenger vehicle manufacturer, on Wednesday launched an updated version of its vehicle research and selling pl...
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Mercedes-Benz Unveils Digital Sales Platform
June 4, 2020 No Responses

Mercedes-Benz Unveils Digital Sales Platform

In keeping with auto industry trends of going digital, Mercedes-Benz has unveiled digital sales platform for customers in the India market. Through ‘Merc from Home’, Mercedes-Benz customers can make a booking, purchase a new car and get it delivered at...
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