Category: Auto

Pirelli Projects More Growth In 2019
May 16, 2019 No Responses

Pirelli Projects More Growth In 2019

Premium tyre manufacturer, Pirelli has projected a growth rate of between 4% to 6% in 2019.  Pirelli, which makes tyres for Formula One racing teams and premium automakers like BMW and Audi, explained on Wednesday that revenues would grow this year between 3% and...
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Honda Confirms Closure Of UK Plant
May 15, 2019 No Responses

Honda Confirms Closure Of UK Plant

Honda has confirmed its western England car factory, which employs 3,500 people, will close in 2021. The Japanese carmaker explained  that the Swindon plant will shut in two years, “at the end of the current model’s production life cycle....
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Mercedes-Benz Sales Hit 742,809 Units In Four Months
May 10, 2019 No Responses

Mercedes-Benz Sales Hit 742,809 Units In Four Months

For the Month of April 2019, Mercedes-Benz delivered not less than 181,936 cars and a total of 742,809 in the first four months of the year. According to the company, the ongoing sales success of the new A-Class resulted in worldwide growth...
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Coscharis Photo News
May 10, 2019 No Responses

Coscharis Photo News

L – R: Ifeanyi Agwu, Managing Director, BKG Exhibitions Ltd; Adetunji Oyebanji, Managing Director 11 Plc; Susan Bisong Taiwo, Deputy Director, National Automotive Design and Development Council, NADDC; Abiona Babarinde, General Manager, Marketing and Corpo...
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Coscharis Motors Unveils New Ford Everest
May 10, 2019 No Responses

Coscharis Motors Unveils New Ford Everest

Coscharis Motors, sole distributor of Ford vehicles in Nigeria has unveiled new Everest XLT Range and Everest Limited Sports Utility Vehicle (SUV).  Unveiled at the 2019 Lagos International Motor Fair, the new SUV boast of 2.2-litre Duratorq TDCi engine a...
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Toyota Posts $21.66b Profit, Delivers 10.6m vehicles
May 9, 2019 No Responses

Toyota Posts $21.66b Profit, Delivers 10.6m vehicles

For the fiscal year ended March 31st, Toyota Motor Corporation has declared $21.66billion operating profit and 10.6million sales worldwide.However, according to the financial statement released on Wednesday, net income declined 25 percent to 1.88 trillion yen ...
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BMW Explains $1.6B Drop In Q1 Profit
May 8, 2019 No Responses

BMW Explains $1.6B Drop In Q1 Profit

For the first quarter 2019, BMW has declared 1.4 billion euros ($1.6 billion) drop in profit. BMW’s first-quarter profits slumped after car sales in key markets slowed and the automaker revised a provision for a potential fine for alleged collusion...
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Rolls-Royce Celebrates 115 Years Of Innovation, Excellence
May 4, 2019 No Responses

Rolls-Royce Celebrates 115 Years Of Innovation, Excellence

On 4 May 1904, Charles Rolls and Henry Royce met for the first time at The Midland Hotel, Manchester; an encounter that would change the course of automotive history. Exactly 115 years later, the marque they agreed to form that...
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Jaguar Moves Land Rover Defender Production To Slovakia
May 3, 2019 No Responses

Jaguar Moves Land Rover Defender Production To Slovakia

British carmaker, Jaguar Land Rover (JLR) will move the assembly of its Land Rover Defender to its plant in Slovakia to make room for newer models at its factory in Britain, the company has said.  The Defender 4X4, which is designed an...
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VW, JAC Seal $750.8m Electric Car Deal
April 28, 2019 No Responses

VW, JAC Seal $750.8m Electric Car Deal

Volkswagen AG’s joint venture with China’s Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.83 million) in a new electric car factory in the eastern Chinese city of Hefei, according to local authorities. A document post...
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Peugeot Maker, PSA Group Explains Drop In Revenue
April 27, 2019 No Responses

Peugeot Maker, PSA Group Explains Drop In Revenue

Peugeot maker, PSA Groupe has reported a 1.1 percent decline in revenue, as falling overseas sales outweighed pricing improvements in the first quarter. According to the Group, revenue fell to 17.98 billion euros ($20.05 billion) in January-Marc...
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Toyota, Firm Invest $1b In Uber
April 21, 2019 No Responses

Toyota, Firm Invest $1b In Uber

Japan’s top automaker Toyota, auto parts maker Denso and internet company SoftBank‘s investment fund are investing $1 billion in car-sharing Uber‘s technology unit. The Japanese companies said Friday that Toyota Motor...
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Easter: FRSC Boss Seeks Attitudinal Change
April 20, 2019 No Responses

Easter: FRSC Boss Seeks Attitudinal Change

As Nigeria joins the rest of the world to observe this year’s E8aster celebration, the Corps Marshal of the Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi has called for deep reflection by Christian faithful on the need to show...
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Ford Ranger To Attain $1b Profit
April 20, 2019 No Responses

Ford Ranger To Attain $1b Profit

Ford Motor Co’s shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official has said. According to the company, the proposed increase in earnings...
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