Category: Auto

Toyota Declares $6.09b Profit, 2.75m Sales In Q2
November 8, 2019 No Responses

Toyota Declares $6.09b Profit, 2.75m Sales In Q2

Toyota Motor Corporation posted a 14% rise in second-quarter profit on Thursday, boosted by a rise in global vehicle sales. Japan’s biggest automaker posted an operating profit of 662.3 billion yen ($6.09 billion) in the July-September quarter, up from 579.1...
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Renewed Interest In BMW Lifts Q3 Profit By 33 Per Cent
November 7, 2019 No Responses

Renewed Interest In BMW Lifts Q3 Profit By 33 Per Cent

BMW’s new chief executive delivered a 33% third-quarter operating profit rise as stronger sports utility vehicle sales and the absence of the one-off factors which depressed earnings a year earlier lifted its earnings.Oliver Zipse, who became CEO in Augu...
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Audi To Increase Engine Production
November 6, 2019 No Responses

Audi To Increase Engine Production

Audi will increase the production of engines at its Hungarian factory to 2.25 million units next year, Hungarian Foreign Minister Peter Szijjarto has said.  According to agency report, an Audi representative at the premium carmaker’s Ingolstadt head...
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Kia Reveals New Futuron Concept
November 5, 2019 No Responses

Kia Reveals New Futuron Concept

Kia Motors has revealed its new Futuron Concept, an illuminating all-wheel drive SUV coupe which proposes new designs for future electric vehicles.The Futuron Concept represents the modern and confident image of a progressive electric SUV coupe envisioned by K...
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Kia Joins Top Five Carmakers
November 5, 2019 No Responses

Kia Joins Top Five Carmakers

South Korean carmaker,  Kia Motors, which started its operations in India in August, has joined the list of top five carmakers  in the country in terms of market share, leaving behind established players such as Toyota Kirloskar Motors and Honda...
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Cornerstone Insurance: Only 2.5m of 12m Vehicles In Nigeria Have Genuine Insurance Cover
November 4, 2019 No Responses

Cornerstone Insurance: Only 2.5m of 12m Vehicles In Nigeria Have Genuine Insurance Cover

Out of 12 million registered vehicles in Nigeria, only 2.5 million have genuine insurance cover, Ikeja branch manager of Cornerstone Insurance plc, Pelumi Akindumusire has said.In a chat with motoring journalists,  Akindumusire explained that most  m...
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Continental Tyre Boss Emerges 2019 Africa MD
November 4, 2019 No Responses

Continental Tyre Boss Emerges 2019 Africa MD

Managing Director of Continental Tyre South Africa and Sub-Saharan Africa, Shaun Uys  has been selected as  2019 Africa MD  by Global 100.Global 100 is  an annual publication with a readership of over 293 000 industry leaders in 163 countri...
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Peugeot, Fiat Chrysler To Sign $50b Merger Deal In December
November 4, 2019 No Responses

Peugeot, Fiat Chrysler To Sign $50b Merger Deal In December

Fiat Chrysler and Peugeot owner PSA aim to sign a final merger agreement as early as the beginning of December.  The two automakers explained last week that they planned to join forces in a 50-50 share merger to create the...
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New Fiat Pick Up Debuts At Lagos Trade Fair
November 3, 2019 No Responses

New Fiat Pick Up Debuts At Lagos Trade Fair

Fortified with 2.4lit engine and available in single and double engine, a new Fiat Pick Up has joined ongoing competition in the Nigerian market.  A reporter from City BusinessNews (www.citybusinessnews.com) who was at the ongoing lagos Internation Trade ...
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GM Recalls 638,000 Chevrolet Suburban, Tahoe
November 2, 2019 No Responses

GM Recalls 638,000 Chevrolet Suburban, Tahoe

General Motors has recalled 638,000 Sport Utility Vehicles and pickup trucks because a wheel-speed sensor could fail and cause unintended braking.The recall covers some 2015-2020 Chevrolet Suburban, Tahoe, and Yukon models, and some 2014-2018 Chevrolet Silvera...
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India Records 12% Increase In Tyre Exports
November 1, 2019 No Responses

India Records 12% Increase In Tyre Exports

The Automotive Tyre Manufacturers Association (ATMA) on Thursday  revealed that Tyre exports from India increased by 12% in volume between April-August 2019.  The India tyre exports hit double-digit growth between 2016-2017 when it increased by 16%. ...
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Peugeot, Fiat Chrysler Boards Approve Merger
November 1, 2019 No Responses

Peugeot, Fiat Chrysler Boards Approve Merger

The Supervisory Board of Peugeot S.A. and the Board of Directors of Fiat Chrysler Automobiles (FCA) have each unanimously agreed to work towards a full combination of their respective businesses by way of a 50/50 merger. Both boards have given...
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Volkswagen, Siemens Launch Electric Vehicle In Rwanda
October 31, 2019 No Responses

Volkswagen, Siemens Launch Electric Vehicle In Rwanda

In a first for the African continent, the Volkswagen Brand has launched a pilot project in partnership with Siemens to test the feasibility of electric mobility in an African country. The pilot project, which will form part of Volkswagen’s operations...
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Pirelli Tyre Projects 2019 Revenue To €5.3b
October 31, 2019 No Responses

Pirelli Tyre Projects 2019 Revenue To €5.3b

Pireli Tyre has projected that its 2019 revenue would grow to 5.3 billion euros, 2,5 per cent  higher than a previous guidance of between 1.5% and 2.5%.  Under the arrangement, the company is expecting  a full-year cash flow of between...
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