Auto Business Archives — Page 11 of 47

November 15, 2021 No Responses

Mercedes-Benz SL-Class, BMW 7-Series Jostle For Luxury Car Of The Year Award In Nigeria

By Moses Ebosele, ebosele@hotmail.com — All is now set for the 2021 Nigeria Auto Journalists Association (NAJA) award scheduled to hold December 1, at Eko Hotels and Towers, Victoria Island, Lagos State. Already, finalists in each of the awards categories have...

November 12, 2021 No Responses

Daimler To Sell Entire $364m Stake In Renault

Daimler plans to dispose of its stake in Renault, the next step in dissolving equity ties forged over a decade ago to cement a three-way partnership between the German automaker, Renault and Nissan. Automotive News report that the maker of...

November 6, 2021 No Responses

Ford To Retire $5b Debt, Issue Green Bonds For Electric Vehicles

Ford Motor Company said it plans to retire up to $5 billion in high-interest debt and tap into the fast-growing market for “green” bonds to help it finance new electric vehicles and expand credit to customers with lower scores. Ultimately,...

November 4, 2021 No Responses

BMW Beat Forecasts, Declares $2.99b Profit In Q3

For the third quarter (Q3)ended September, 2021, BMW beat analysts’ forecasts on Wednesday with a 42.4% year-on-year increase in net profit to 2.58 billion euros ($2.99 billion). According to Reuters, higher prices and strong electric vehicle sales helpe...

November 4, 2021 No Responses

Innoson Leads Other Local Auto Manufacturers To Edo Summit

Nigerian indigenous motor manufacturing company, Innoson Vehicle Manufacturing (IVM) will lead other top players in the nation’s automotive industry to the Alaghodaro Summit 2021, scheduled to take place between November 12 and 14, in Benin City, the Edo Sta...

November 4, 2021 No Responses

Elizade Secures N1.5b Contract For 46 Customs Vehicles

By Moses Ebosele, ebosele@hotmail.com — The Federal Executive Council (FEC) has awarded N1.5bilion contract to Elizade Nigeria Limited to supply 46 units of vehicles to Nigeria Customs Service. Briefi...

October 30, 2021 No Responses

New Rolls-Royce Black Badge Ghost Debuts

By Moses Ebosele, ebosele@hotmail.com — A new Rolls-Royce Black Badge Ghost, identified as the purest, most technologically advanced has rolled out of the production line. Rolls-Royce debuted Black Badge with Wraith and Ghost ...

October 29, 2021 No Responses

Stallion Flaggs Off ‘Buy-Now-Pay-In-2022 Promo’ for NISSAN ALMERA

Stallion NMN Limited, Nigeria’s exclusive representative of Nissan brand, has rolled out an offer that enables Nigerian auto buyers to acquire a brand new NISSAN ALMERA with an option to pay in installments from 2022. The company’s General Manager, A...

October 27, 2021 No Responses

Autochek Secures $13.1m To Boost Technology

Automotive technology company in Africa, Autochek , has secured $13.1million in seed funding to boost its technology and deliver efficient services. Mr Etop Ikpe, Founder, Chief Executive Officer, Autochek, in a statement on Tuesday explained t...

October 26, 2021 No Responses

Tesla Hits $1 trillion Value As Hertz Orders 100,000 Electric Cars

Tesla Inc (TSLA.O) surpassed $1 trillion in market value on Monday after landing its biggest-ever order from rental car company Hertz, a deal that reinforced the electric car leader’s ambitions to top the entire auto industry in sales...

October 22, 2021 No Responses

Russia To Export Premium Cars To Middle East, Africa In 2022

Russia will begin exporting its premium car Aurus to the countries of the Middle East and North Africa next year, Adil Shirinov, the company’s Chief Executive Officer, has said. “I think that it [export] will definitely start next ...

October 17, 2021 No Responses

Hyundai CRETA Displays Style, Performance

All-New Hyundai CRETA Sports Utility Vehicle (SUV) has successfully settled in the Nigerian market. Fortified with more strength, award-winning CRETA was recently honoured with the global CarandBike 2021 Award as the Compact SUV of the year. C...

October 14, 2021 No Responses

NAJA Opens Nominations For Nigeria’s Car Of The Year

The Nigerian Auto Journalists Association (NAJA) has announced date for the 2021 edition of the NAJA Awards. A statement issued by the 2021 NAJA Awards Planning Committee Chairman, Theodore Opara explained that the 2021 edition is scheduled for...

October 5, 2021 No Responses

Jaguar Land Rover Begins Delivery Of New SUV F-PACE

Jaguar Land Rover (JLR) on Monday commenced deliveries of the new Jaguar F-PACE SVR Sports Utility Vehicle (SUV) to customers in India.Powered by a petrol engine with an output of 405kW, the vehicle can accelerate from 0-100 km/h in 4 seconds.The performanc...