Tag: Auto Business

Hyundai, Shell Sign New Agreement To Expand Clean Energy Solutions
April 1, 2021 No Responses

Hyundai, Shell Sign New Agreement To Expand Clean Energy Solutions

Hyundai Motor Company has  signed a new five-year Global Business Cooperation Agreement with Royal Dutch Shell plc, the international energy company known as Shell — but this time with a clean mobility twist. The signing ceremony was held online at Hyundai Motorstudio Goyang,...
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Coscharis Motors Unveils Easter Special Offer
April 1, 2021 No Responses

Coscharis Motors Unveils Easter Special Offer

Coscharis Motors Plc has announced exclusive offers for its range of auto products for the entire period of Easter. These offers range from favourable pricing, giveaways, complementary insurance, registration and services.   In his words, the General...
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Toyota Seeks Roll-Out Of Hydrogen Fuel Stations
March 30, 2021 No Responses

Toyota Seeks Roll-Out Of Hydrogen Fuel Stations

Toyota Motor Corporation  on Monday opened its first commercial hydrogen fuel pump site in the Australian state of Victoria, urging the government to encourage the rollout of more sites to boost the take-up of cleaner cars.The automaker is bringing in 20...
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Skoda Budgets €2.5b For New Technologies
March 28, 2021 No Responses

Skoda Budgets €2.5b For New Technologies

Skoda Auto is to invest 2.5 billion euros over the next five years on future technologies, with more than half going to electric vehicle investment.Already, the Czech Republic’s largest exporter has reported a 756 million euro operating profit ...
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TSS Motors Displays Products At Enugu Trade Fair
March 27, 2021 No Responses

TSS Motors Displays Products At Enugu Trade Fair

Transit Support Services Limited, promoters of SHACMAN Heavy and Medium Duty Trucks, FORLAND Medium and Light Duty Trucks, ASIASTAR Bus and BAW Pilot Mini Bus and Ambulance franchise is at the on-going 32nd Enugu International Trade Fair.The fair opened on...
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Audi To Cut Water Consumption In Production
March 24, 2021 No Responses

Audi To Cut Water Consumption In Production

Audi has concluded plans to drastically reduce its fresh water consumption and the water used per produced vehicle by half by 2035.  Board Member for production and logistics, Peter Kössler, said “Wherever possible, we are already using r...
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Hyundai Declares Winner Of H-Social Creator 2020
March 24, 2021 No Responses

Hyundai Declares Winner Of H-Social Creator 2020

The CSR arm of Hyundai Motor India Ltd has declared Bhagwati Prasad as the winner of the second edition of H-Social Creator for his idea, ‘Accident Alert System for Blind Turns’.Prasad’s idea involves capturing data at blind turns and transmitting ...
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Hyundai, Shell Renew Pact
March 22, 2021 No Responses

Hyundai, Shell Renew Pact

 Hyundai Motor Company has signed a new five-year Global Business Cooperation Agreement with Shell for clean mobility, the automaker said in a release.   The agreement, which runs through 2026, marks the fourth extension of the pa...
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Despite Covid-19, Porsche Attains $34.14b Revenue, Delivers 272,000 Vehicles In 2020
March 21, 2021 No Responses

Despite Covid-19, Porsche Attains $34.14b Revenue, Delivers 272,000 Vehicles In 2020

For the 2020 financial year, Porsche achieved record revenues of 28.7 billion euros ($34.14 billion), despite the Covid-19pandemic.   Porsche’s profit before tax also increased to almost 4.4 billion euros in 2020. In total, it deliver...
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Kia Unveils EV6 Crossover
March 20, 2021 No Responses

Kia Unveils EV6 Crossover

Kia Motor Corporation has unveiled Battery-Electric Vehicle (BEV), the Kia EV6. EV6, scheduled to make its world premiere later this month.Kia EV6 adopts the Korean automaker’s brand new design philosophy, ‘Opposites United’, which ta...
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Volkswagen Is Worth $238b, Says CEO
March 17, 2021 No Responses

Volkswagen Is Worth $238b, Says CEO

 Volkswagen, the world’s No.2 carmaker, is worth 200 billion euros ($238 billion), Chief Executive Herbert Diess, confirming a previously stated target on the back of a 38% share price increase so far in 2021.“Analysts, too, arrive at the...
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Tata Motors Shareholders Approve New Entity
March 14, 2021 No Responses

Tata Motors Shareholders Approve New Entity

Shareholders of Tata Motors have approved separating its passenger vehicles business into an entity. The shareholders voted to consider and approve the transfer of the passenger vehicles business unit to TML Business Analytics Services Ltd ...
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Daimler Recalls 2.6m Mercedes-Benz Cars
March 13, 2021 No Responses

Daimler Recalls 2.6m Mercedes-Benz Cars

German luxury automaker, Daimler will recall 2.6 million Mercedes-Benz vehicles in China due to a software design issue, the country’s market regulator said on Friday.Software may fail to communicate a vehicle’s correct location in the event of ...
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BMW Targets More Profit In 2021
March 12, 2021 No Responses

BMW Targets More Profit In 2021

BMW on Thursday explained that  net profit fell 23 per cent last year to 3.86 billion euros (USD 4.62 billion) as the pandemic shuttered factories in the first part of the year. The maker of the X5 sport utility and 3-Series sedan said...
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