Category: Auto

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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Massilia Reveals New Mitsubishi Pajero Sports At First Virtual Car Launch In Nigeria
August 1, 2020 No Responses

Massilia Reveals New Mitsubishi Pajero Sports At First Virtual Car Launch In Nigeria

By Moses Ebosele, ebosele@hotmail.com   — New Mitsubishi Pajero Sports officially commenced its sojourn in Nigeria on Friday courtesy Massilia Motors, sole distributor of Mitsubishi Motors in Nigeria.   Unveiling the new Sports U...
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Renault Records $8.58b Loss In Six Months
August 1, 2020 No Responses

Renault Records $8.58b Loss In Six Months

French carmaker Renault posted a record net loss of 7.292 billion euros ($8.58 billion) in the first half of the year, as the COVID-19 pandemic hampered its turnaround efforts while losses at alliance partner Nissan also weighed.Group operating losses, fac...
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Jaguar Land Rover Appoints Thierry Bollore New CEO
July 29, 2020 No Responses

Jaguar Land Rover Appoints Thierry Bollore New CEO

Chairman of Tata Sons, Tata Motors and Jaguar Land Rover plc, N Chandrasekaran, has announced Thierry Bolloré as the new Chief Executive Officer of Jaguar Land Rover, effective 10 September 2020.Bolloré succeeds Prof Sir Ralf Speth, who will take up...
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Mitsubishi Stops Production Of Pajero SUV, Forecasts $1.33b Loss
July 28, 2020 No Responses

Mitsubishi Stops Production Of Pajero SUV, Forecasts $1.33b Loss

Mitsubishi Motors Corporation  on Monday projected an operating loss of 140 billion yen ($1.33 billion) in the year to March as the automaker battles a fall in demand for cars due in part to the coronavirus pandemic.   Under the a...
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Skoda’s First Electric SUV Debuts September 1
July 27, 2020 No Responses

Skoda’s First Electric SUV Debuts September 1

 Skoda Auto has  scheduled world premiere Enyaq iV electric Sports Utility Vehicle (SUV) for September 1, 2020.The all-electric SUV is Škoda’s first series-production vehicle to be based on the Volkswagen Group’s mo...
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BMW Rolls Out $77,000 Electric SUV
July 24, 2020 No Responses

BMW Rolls Out $77,000 Electric SUV

BMW AG has unveiled its own electric sports utility vehicle to take on the likes of Tesla Inc.’s Model Y and Daimler AG’s Mercedes-Benz EQC.The Munich-based company unveiled the iX3, a variant of the mid-size X3 and its first battery-powered SUV,...
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