Auto Business Archives — Page 18 of 47

May 23, 2021 No Responses

Nissan, Suzuki To Curtail Production In June

A global chip shortage is forcing Nissan Motor Co and Suzuki Motor Corp to temporarily halt production at some plants in June, sources with direct knowledge of the plans told Reuters.Nissan Motor Co will idle its factory in Kyushu, southern Japan, for three days on June...

May 21, 2021 No Responses

South Africa Unveils Electric Vehicle Manufacturing Agenda

As part of measures to increase the country’s competitiveness in the global automotive market, the South African Government has launched a public consultation on how to boost domestic production of electric vehicles (EVs). Already, the Department o...

May 20, 2021 No Responses

Coscharis Extends Renault Giveaway Promo

Foremost automobile company and sole distributor of Renault brand in Nigeria, Coscharis Motors has announced the extension of its Renault giveaway promo. The promo which was earlier scheduled to run till the end of April has now been extended to...

May 19, 2021 No Responses

Jaguar Land Rover Explains $1b Loss

Jaguar Land Rover’s (JLR) owner Tata Motors announced a surprise quarterly loss of more than $1bn (£700m). It came as the Indian company wrote off $2.05bn related to its revamp of the UK-based luxury car business. It also warned that...

May 15, 2021 No Responses

Hyundai, Kia To Suspend Plants

Hyundai Motor and its affiliate Kia said on Friday they will suspend some of their assembly lines for several days next week due to semiconductor shortages.Hyundai Motor plans to halt the No. 5 Ulsan plant, which produces the Tucson sport utility vehicle an...

May 14, 2021 No Responses

Hyundai To Invest $7.4b In Electric Cars, Expansion

South Korea’s Hyundai Motor Group said on Thursday it planned to invest $7.4 billion in the United States by 2025 to produce electric vehicles, upgrade production facilities and further its investment in smart mobility solutions.The announcement came b...

May 13, 2021 No Responses

Jaguar Land Rover’s Fourth Quarter Is ‘Good News’, Says CEO

Jaguar Land Rover’s (JLR) fourth-quarter results next week will be “good news” and the carmaker is open to doing more in partnership with other companies, including going further on an existing relationship with BMW, its boss said on Wednesda...

May 9, 2021 No Responses

BMW Confirms 2021 Outlook

BMW remains on course to meet its profit targets for 2021 despite rising raw material costs, the German carmaker ha said, having largely steered clear of the semiconductor chip shortage battering rivals like Volkswagen.Volkswagen boss Herbert Di...

May 7, 2021 No Responses

SHACMAN Fire Truck Debuts

To address the issues of the recent rampant fire outbreak across states, Transit Support Services (TSS), has introduced SHACMAN Fire Trucks. SHACMAN fire trucks which was added to SHACMAN Nigeria range ofproducts; tractor heads, dump/tipper trucks, mixer and l...

May 5, 2021 No Responses

Winpart By CFAO Unveils Spare Parts e-Commerce Website For All Car Brands

Winpart, a division of CFAO Motors and Nigeria’s fast-growing distributor in original vehicle maintenance spare parts, has launched an e-commerce website as part of its commitment to solve the fake parts dilemma faced by vehicle owners, and to deepen ac...

May 3, 2021 No Responses

Ford, BMW Lead $130m Investing Round In Solid-State Battery Startup

Ford Motor Co and BMW AG are leading a $130 million funding round in a solid-state battery startup, Solid Power, as carmakers push to lower the cost of electric vehicles by investing in the development of affordable but powerful rechargeable batteries, the ...

April 29, 2021 No Responses

Toyota To Invest $803m In New Plant, Targets 1,400 Jobs

Toyota says it will invest $803 million and add 1,400 new jobs at its Indiana auto manufacturing plant so it can produce two new SUVs there, one of which will be the first Lexus made at the plant.The Japanese automaker says both...

April 28, 2021 No Responses

Kia To Enter New Segment In 2022

Stepping up its transformation game to drive eco-friendly mobility solutions in the India Market, Kia India is getting ready to enter a new segment by early 2022.“In continuation of our aim to drive innovation for future mobility and offer the ...

April 28, 2021 No Responses

Hero Motocorp, Gogoro Seal Strategic Partnership

Hero MotoCorp and Gogoro on Tuesday announced a strategic partnership to accelerate the shift to sustainable electric mobility in India. The partnership brings together Hero, the world’s largest manufacturer of motorcycles and scooters, and Gogoro, the globa...