Category: Auto

Obaseki To Seek Funding For Edo Projects From NSE
March 10, 2020 No Responses

Obaseki To Seek Funding For Edo Projects From NSE

Edo State Government is to raise instruments from the Nigerian Stock Exchange (NSE) for developmental projects. The State Governor, Godwin Obaseki, stated this on Monday during a courtesy visit to the NSE in Lagos. Obaseki, who assured the capital market...
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Nigeria Unveils $1b Locally-Assembled Vehicles
March 9, 2020 No Responses

Nigeria Unveils $1b Locally-Assembled Vehicles

The Ministry of Industry, Trade and Investment in collaboration with the National Automotive Design and Development Council (NADDC) on Monday commissioned $1billion worth of locally-assembled vehicles.The vehicles are locally produced by 17 companies including...
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Jaguar Land Rover Records 85% Drop In Sales
March 9, 2020 No Responses

Jaguar Land Rover Records 85% Drop In Sales

Coronavirus outbreak has thrown a wrench into the works of Jaguar Land Rover’s recovery plan with its sales in China — the largest market for the UK-based luxury carmaker — crashing 85% in February. The drop in China sales was...
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New Volkswagen Tiguan Allspace Debuts
March 9, 2020 No Responses

New Volkswagen Tiguan Allspace Debuts

Volkswagen family has announced the launch of its first Sports Utility Vehicle (SUV) of 2020, the Tiguan Allspace in India.  Based on the MQB architecture, the Tiguan Allspace seven-seater SUV comes powered by a 2.0-litre TSI petrol engine, clubbed with.....
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Nissan Unveils Agenda For New Qashquai SUV
March 7, 2020 No Responses

Nissan Unveils Agenda For New Qashquai SUV

Nissan on Friday unveiled plans to build its new Qashqai Sports Utility Vehicle (SUV) at its British factory despite warnings over Brexit.  The Japanese carmaker has said that if Britain’s departure from the European Union leads to tariffs, its Euro...
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Toyota Recalls 3.2m Vehicles Worldwide
March 5, 2020 No Responses

Toyota Recalls 3.2m Vehicles Worldwide

Toyota Motor Corporation on Wednesday recalled 3.2 million vehicles worldwide to address a fuel pump issue that could result in engines stalling. The Japanese automaker first said in January it would recall 696,000 U.S. vehicles with a fuel pump that...
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Toyota Restructures Management Team
March 4, 2020 No Responses

Toyota Restructures Management Team

Toyota Motor Corporation is to scrap executive vice president (EVP) roles as part of measures to streamline the company’s structure, improve production systems and cut costs.  Also on Tuesday, Toyota .named Kenta Kon as its next chief financial offi...
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Toyota Explains $1.2b New Plant
March 3, 2020 No Responses

Toyota Explains $1.2b New Plant

Despite onging ravaging effect of Coronavirus, Japanese automaker Toyota plans to build a new electric vehicle plant in the Chinese city of Tianjin with its local partner FAW Group.The joint venture between Toyota and FAW plans to invest around 8.5...
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Hyundai Delivers 275,044 Vehicles In February
March 3, 2020 No Responses

Hyundai Delivers 275,044 Vehicles In February

For the Month of February, 2020, Hyundai Motor on Monday reported sales of 275,044 vehicles, 13% below 315,820 vehicles sold a year earlier,as the coronavirus outbreak hurt demand. South Korea’s Hyundai, which with affiliate Kia Motors is the world&#8217...
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Hyundai Appoints Jeong As Vice President Of Middle East and Africa
March 2, 2020 No Responses

Hyundai Appoints Jeong As Vice President Of Middle East and Africa

Hyundai Motor Company has announced the appointment of Bang Sun Jeong as their new Vice President of the Middle East and Africa region.Based at Dubai’s regional headquarters in the United Arab Emirates, Jeong will oversee the day-to-day operations and will.....
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Hyundai Unveils New Grand i10
March 2, 2020 No Responses

Hyundai Unveils New Grand i10

Hyundai Motor has unveiled new 1.0-litre turbo GDi engine variant of Grand i10 Nios hatchback in the Indian market.  According to Hyundai, the Grand i10 Nios turbo is based on Sportz trim while the new BS-VI compliant 1.0-litre turbo-petrol engine...
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Auto Manufacturers, Dealers Shift Marketing To Online Platforms
March 2, 2020 No Responses

Auto Manufacturers, Dealers Shift Marketing To Online Platforms

Car Manufacturers and Dealers are to present their new models on the internet especially online news platforms following the cancellation of the Geneva Motor Show because of the coronavirus epidemic. The announcement came after the Swiss government banned all ...
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Tata Motors To Wind Up Auto Retail Business
February 29, 2020 No Responses

Tata Motors To Wind Up Auto Retail Business

Tata Motors is winding up its auto retail business Concorde Motors as part of its strategy to move away from non-core businesses.  Set up in the late 90s in partnership with Jardine Matheson’s Jardine Motors, the Concorde retail business over...
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Peugeot Records 13.2 Per Cent Increase In Profit
February 27, 2020 No Responses

Peugeot Records 13.2 Per Cent Increase In Profit

Peugeot maker PSA Group said its profitability reached a record high in 2019 but the French carmaker forecast falling industry sales in Europe this year as it pursues its merger with Fiat Chrysler, which is strong in North America. PSA...
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