Auto Business Archives — Page 14 of 47

August 20, 2021 No Responses

Toyota To Cut Global Production By 40%

Toyota is to slash worldwide vehicle production by 40% in September because of the global microchip shortage. The world’s biggest carmaker had planned to make almost 900,000 cars next month but has now reduced that to 540,000 vehicles. Volkswagen, the...

August 17, 2021 No Responses

Toyota, Nissan, Others To Form Consortium Against Cyber Attack

Ninety companies, including Toyota and Nissan, will form a consortium to protect connected cars from cyber-attacks.In a report published by Nikkei Asia to prevent hijacking and data theft, the companies will check their automotive software ...

August 11, 2021 No Responses

Nissan Boss Implores Nigeria, Others On Auto Industry Development Plan, AfCFTA

Managing Director, Nissan’s Africa regional business unit, Mike Whitfield, has urged Nigeria and other African nations to put in place Automotive Industrial Development Plan as part of measures to unlock the economic benefits of the African Continental Fr...

August 8, 2021 No Responses

Hyundai Nigeria Seeks Subsidy On Locally Assembled Electric Vehicles

Stallion Hyundai Motors Nigeria has appealed to the Federal Government to approve subsidy for locally assembled Electric Vehicles. Speaking at the just concluded 2021 Nigeria Auto Journalists Association (NAJA) training workshop, Hyunda...

August 5, 2021 No Responses

Volkswagen Taigo SUV Debuts

Volkswagen has unveiled the all-new Taigo Sports Utility Vehicle (SUV) coupe.Volkswagen Taigo is the first SUV coupe by the brand to drive in the European roads. The company has already launched the compact crossover SUV as Nivus in South America and Mexico...

August 4, 2021 No Responses

Mercedes-Benz Rolls Out New S-Class S680 Guard

Mercedes-Benz has unveiled the new S-Class S680 Guard, the armoured version of its S-Class range with VPAM VR10 certification–the highest level of protection granted for civil vehicles. According to Daimler, the technology used for the...

August 3, 2021 No Responses

Renault India Begins Exports Of Kiger To South Africa

Renault India division on Monday commenced exports of its sub-4 metre compact SUV Renault KIGER to South Africa.Developed specifically for the Indian market and the Indian customers, before taking it globally, Renault KIGER is the latest ad...

August 2, 2021 No Responses

Hyundai Records 60,249 Sales In July

For the month of July, 2021, South Korea Auto firm, Hyundai reported a 46 percent increase in total sales at 60,249 units. According to Hyundai Motor India Ltd (HMIL), domestic sales were up 26 percent to 48,042 units as against...

August 2, 2021 No Responses

Volkswagen Records $13.5 b Profit In Half-Year Performance

Volkswagen has raised its profit margin target for the second time in less than three months, pointing to record earnings in the first six months of 2021 that came in above pre-pandemic levels.The company said it now expected an operating return on...

July 30, 2021 No Responses

Nigeria Incorporates Electric Vehicles In Revised Auto Plan

By Moses Ebosele, ebosele@hotmail.com – The Nigerian Government is incorporating Electric Vehicles (EVs) into its National Automotive Industry Development Plan (NAIDP). Addressing participants on Thursday at forum put together by the Nigeria Autom...

July 28, 2021 No Responses

Hyundai Opens New Corporate HQ

Hyundai Motor India (HMI), which is celebrating its silver jubilee in India on Tuesday, July 27, 2021, inaugurated its new corporate headquarters in Gurgaon.The new 10-storied headquarter in Gurgaon, which is Delhi-NCR’s IT belt, is a greenfield pro...

July 26, 2021 No Responses

Ford Escape Explains Special Discounts, Renews Commitment In Nigeria

One of the exciting take homes from the recently held Lagos Motor Fair was the announcement by Coscharis Motors Plc, Ford brand’s sole authorised dealer in Nigeria, of the nearly Two Million Naira discount on one of Ford’s vehicle name...

July 24, 2021 No Responses

Toyota Unveils New Aqua Electric Car

Toyota Motor Corporation has launched its new Aqua hybrid electric compact car redesigned to realize its mission to ‘introduce sustainable vehicles practically’ and to contribute to carbon neutrality, the company said in a release.The n...

July 23, 2021 No Responses

Toyota, Suzuki, Daihatsu Explore Electric Vehicle Venture

Suzuki Motor Corporation and Daihatsu are joining a commercial electric vehicle coalition led by Toyota Motor Corporation, the carmakers announced on Wednesday, helping the Japanese alliance expand its focus from trucks to smaller cars.The two automakers ...