Auto Business – Page 16 – City Business News

July 10, 2021 No Responses

Volkswagen Declares $13b Half-Year Profit

Volkswagen on Friday disclosed that first-half operating profit is expected to come in at around 11 billion euros ($13 billion), even surpassing pre-pandemic levels on the back of strong demand in Europe and the United States.Reuters report that the good result...

July 9, 2021 No Responses

Coscharis Motors Presents Locally Assembled Renault Vehicles At Lagos Motor Fair

Coscharis Motors, a subsidiary of Coscharis Group recently showcased two locally assembled Renault automobile models amongst others during the 15th Lagos Motor Fair held at the Federal Palace Hotel, Lagos. Speaking at the Fair with various stakeholders i...

July 7, 2021 No Responses

Jaguar Land Rover Begins Range Rover Evoque Deliveries

Jaguar Land Rover (JLR) on Tuesday commenced deliveries of the new Range Rover Evoque in India. According to the automaker, the new Evoque is available in R-Dynamic SE trim on Ingenium 2.0 l petrol and the S trim on 2.0 I diesel...

July 6, 2021 No Responses

Hyundai, KIA Attain Highest Sales In US

South Korean Auto firm, Hyundai Motor and KIA have achieved the highest sales mark in the US market in the first half of this year (2021).Hyundai Motor sold 407,135 units increased by 49.4 per cent, and KIA sold 378,511 units increased by 43.7 per...

July 6, 2021 No Responses

Coscharis Motors Unveils Ford Trucks

The management of Coscharis Motors, authorised representative of Ford Motors in Nigeria, has unveiled Ford Trucks for the Nigerian market. Regarded as a reliable force in the sector, Ford Trucks were unveiled recently at ...

July 6, 2021 No Responses

Coscharis Motors Rolls Out New Ford Explorer

Coscharis Motors has reveals the all-new 2021 Ford Explorer Sports Utility Vehicle (SUV) designed for the Nigerian Market. The Ford flagship was unveiled at the 15th Lagos Motor Show in Lagos by the Director-General of the National Automo...

July 2, 2021 No Responses

All-New Kia Sorento Makes Public Appearance In Nigeria

Kia’s presence at the 15th Lagos Auto Fair continues to highlight the wealth of research and development that has gone into the brand’s products, which aims to attract a trendsetting audience. This is matched by the display of the brand’s allu...

July 2, 2021 No Responses

Pirelli Investor, Camfin Ups Stake To 14%

Pirelli investor, Camfin, has increased its stake in the Italian tyre maker to 14.1% as a result of its previous deal with Longmarch, the investment vehicle of China‘s Niu family.Under the deal, Longmarch will take a 7.68% stake in Pirelli through an.....

July 2, 2021 No Responses

Hyundai Delivers 40,496 Units In June

Hyundai Motor India Limited (HMIL) on Thursday reported a 90% growth in its domestic sales at 40,496 units in June 2021, as against 21,320 units in June last year.Exports of the automaker were up by 154% at 13,978 units, against 5,500 units in.....

July 1, 2021 No Responses

Toyota Unveils Ghana’s Second Auto Assembly Plant

The launch of a Toyota assembly plant in Ghana, the second auto assembly plant in the country in less than a year, will help reduce imports of secondhand vehicles and boost export earnings, President Nana Akuffo-Addo has said. The assembly ...

June 30, 2021 No Responses

Electric Car Sales Surge As Climate Targets Bite

One in every nine new cars sold in Europe last year was an electric or plug-in hybrid vehicle, with low-emission car sales surging even as the COVID-19 pandemic knocked overall vehicle sales, the European Environment Agency said on Tuesday.The uptick in e...

June 29, 2021 No Responses

Volkswagen Targets Majority Stake In Europcar

German carmaker Volkswagen has confirmed that it is considering acquiring a majority stake in car rental company Europcar, along with investors Attestor and Pon Holdings.It said in a statement that considerations are at a very early stage and no...

June 28, 2021 No Responses

UNILAG Test-Runs Zero Emission Vehicle

The University of Lagos is test-running its Zero Emission Vehicle (ZEV) it initiated in 2018. The institution’s Deputy Vice-Chancellor, (Academics and Research), Prof. Oluwole Familoni, disclosed this in an interview with the News Agency of Nigeria (NA...

June 28, 2021 No Responses

COSCHARIS MOTORS STORMS 2021 LAGOS MOTOR FAIR WITH THREE BRANDS

All is set by the foremost automobile dealer in Nigeria, Coscharis Motors Plc and the exclusive distributors of Ford, Ford Trucks, Renault amongst a number of other iconic global automobile brands in the country to participate in this year’s Lagos...