Auto Business – Page 29 – City Business News

July 10, 2020 No Responses

Hyundai Venue SUV Gets Intelligent Manual Transmission

Hyundai Motor has announced intelligent Manual Transmission (iMT) for the Hyundai Venue compact Sports Utility Vehicle (SUV). According to the auto firm, this is the first-in-industry dual-Pedal Intelligent Manual Transmission (iMT) technology.The iMT will be available with the Hyundai Venue compa...

July 9, 2020 No Responses

New Mercedes-Benz GLS Debuts In Nigeria

By Moses Ebosele, ebosele@hotmail.com — Regarded as Mercedes-Benz’s largest and most luxurious Sport Utility Vehicle (SUV), the all-new Mercedes-Benz GLS has arrived in Nigeria courtesy Weststar Associates Limited, Authorized General Distribut...

July 8, 2020 No Responses

Nissan Secures $7.8b From Creditors

Nissan Motor has raised $7.8 billion in financing from its creditors since April as it tries to shore up its cash position in the face of falling sales due to the coronavirus pandemic, its latest annual securities report shows.In a filing to Japanese...

July 4, 2020 No Responses

Daimler To Sell French Factory

Daimler will seek to sell its factory in Hambach, France, as part of an overhaul of its production system, the German carmaker said on Friday, prompting France’s finance minister to urge the company to reconsider.The move comes as the auto...

July 3, 2020 No Responses

Kia Delivers 7,275 Units In June

For the month of June, 2020, Kia Motors delivered 7,275 units in the Indian market. The Company sold 7,114 units of Seltos and 161 Carnivals.The South Korean SUV maker had sold 1,661 units in May 2020. Kookhyun Shim, MD & CEO, Kia...

July 2, 2020 No Responses

Turkey Probes Mercedes-Benz, BMW, Others

The Turkish Competition Board said on Wednesday that it launched an investigation into German carmakers Audi, Porsche, Volkswagen, Mercedes-Benz and BMW to determine whether they violated competition law.The competition board said findings regarding cla...

July 2, 2020 No Responses

Hyundai Delivers 21,320 Units In June

For the month of June, 2020, Hyundai Motor on Wednesday reported a decline of 49.2 percent at 21,320 units in Indian market, as against 42,007 units in the same period last year.The company’s exports for June 2020 stood at 5,500...

July 1, 2020 No Responses

JLR Reveals New Defender Hard Top SUV

Jaguar Land Rover has revealed the 2021 Land Rover Defender Hard Top, ahead of the rugged 4×4 SUV’s launch later this year.A statement explained that Land Rover will revive its Hard Top moniker through the new commercial De...

June 30, 2020 No Responses

Nissan To Unveil Seven New Models In Africa, Open Plants In Ghana, Kenya

Nissan Motor Company on Monday disclosed fresh agenda to launch seven new models in Africa over the next two years. Within the period, Nissan plans to make Africa a hub for light commercial vehicles (LCV) and increase production of its popular...

June 29, 2020 No Responses

Skoda Unveils New Octavia Variant

Czech auto major, Skoda has unveiled the Octavia G-Tec, which is designed to run on Compressed Natural Gas (CNG). Scheduled to be launched across European markets later this year, the new Octavia G-Tec comes as an environmentally friendly ...

June 27, 2020 No Responses

Hyundai Unveils New Elantra Sedan

Hyundai Motor has announced the launch of updated Elantra sedan with new BS-VI diesel engine for the Indian market. According to Hyundai, the new 1.5-litre U2 CRDi BS-VI diesel engine is available in SX and SX(O) variants, adding that the...

June 26, 2020 No Responses

Peugeot CEO: Merger With Fiat Chrysler On Track

Peugeot maker, PSA’s boss, Carlos Tavares said on Thursday he was confident the merger of the French carmaker and Fiat Chrysler (FCA) would go ahead as planned and yield synergies of at least 3.7 billion euros ($4.2 billion).“The timetable of ...

June 25, 2020 No Responses

Nissan Unveils Four-Year Business Agenda For Africa, Middle East

Nissan Group of Africa, Middle East and India (AMI) on Wednesday unveiled a comprehensive four-year strategy for the region.Under the company’s Global Transformation Plan, the AMI strategy is developed around two areas of rationalization, and prioritiza...

June 24, 2020 No Responses

Volkswagen Explores Acquisition Of Car Rental Group

Volkswagen AG is in talks to acquire car French rental firm Europcar Mobility Group SA , in a deal that would allow the German car maker to better capitalize on its fleet.The acquisition would come as Europcar struggles to cope with the economic fallout ...