Auto Business Archives — Page 4 of 47

September 12, 2022 No Responses

Hyundai Motor Delivers 334,794 Units In August

By Moses Ebosele, ebosele@hotmail.com — For the month of August, 2022, Hyundai Motor Company recorded global sales of 334,794 units, an increase of 11.6 per cent when compared with the same period last year. According to the company, in markets outside of Korea,...

September 7, 2022 No Responses

Jelani Canvasses Support For Auto Policy

Director-General, National Automotive Design and Development Council (NADDC), Jelani Aliyu has said the auto policy is working. Aliyu, who was a guest of the Nigeria Television Authority (NTA) during the network news on Saturday said: It...

September 3, 2022 No Responses

Nissan To Leverage US Tax Credit On Electric Vehicles

Nissan will more aggressively push electric vehicles to take advantage of a new US law that gives up to $7,500 in tax credits, the Japanese automaker said on Friday. President Joe Biden signed the landmark climate change and health care bill into...

September 2, 2022 No Responses

Ford Recalls 198,000 SUVs Over Fire Risks

Ford Motor is recalling 198,000 SUVs in the United States to replace a blower motor assembly after reports of 25 fires, it said on Thursday. Reuters report that the recall covers 2015-2017 model year Ford Expedition and Lincoln Navigator vehicles....

August 31, 2022 No Responses

Geely Secures $400m To Accelerate Green Transformation

Geely Automobile Holdings has become the first Chinese automaker to secure an overseas sustainable club loan. Information obtained by City Business News on Tuesday explained that the three-year $400 million facility will be used to support Geely Au...

August 29, 2022 No Responses

Hyundai, Kia Sign Patent License Agreement With Avanci

Avanci has signed patent license agreements with Hyundai Motor Company and Kia Corporation, increasing the total number of automotive brands licensed through Avanci to 45. Connected vehicles from the Genesis, Hyundai and Kia brands receive licenses...

August 19, 2022 No Responses

Geely Delivers 613,845 Vehicles In Six Months

Geely Automobile Holdings, the Hong Kong-listed entity in which Zhejiang Geely Holding Group is the lead shareholder, on Thursday, released its 2022 Half-Year performance, indicating significant progress in the premium market segments....

August 12, 2022 No Responses

Lagos, CIG Motors Target 5,000 Annual Vehicle Production

The Lagos State Government has partnered with the Choice International Group (CIG) Motors on the establishment of an Automobile Assembly Plant in the state. Speaking during the inspection of the assembly plant in Ogba area of the state, Gov. Babajide...

August 11, 2022 No Responses

Coscharis Motors Renews Excellent Service, Value For Money Commitment

Rising from a two-day strategy retreat session, the top management team of one of the leading auto players, Coscharis Motors Plc has resolved to further deliver value for money to their numerous stakeholders in all ramifications of their customer engagement......

August 8, 2022 No Responses

Tata Acquires Ford Car Plant In India

Indian automaker, Tata Motors has agreed to buy a Ford manufacturing plant in the western state of Gujarat for 7.26bn rupees ($91.5m). The deal comes as Tata moves to boost its car production to meet demand. The deal between Tata’s...

August 7, 2022 No Responses

Hyundai To Raise Stake In Startup

Hyundai Motor Group plans to ramp up its stake in a local startup specialised in autonomous driving technology and invest about 400 billion won ($308.19 million), a newspaper report has said. Hyundai Motor Group, which houses Hyundai Motor Co and Kia...

August 4, 2022 No Responses

Ford Trucks To Unveil Zero Emissions Agenda At 2022 IAA

Ahead of the 2022 IAA Transportation, Ford Trucks, on Thursday rolled out its 2022 zero emission agenda. A statement explained that Ford Trucks, winner of the prestigious IToY Award in Hannover with its F-MAX in 2018, “returns to IAA ...

August 4, 2022 No Responses

Coscharis Secures N1.8b Contract To Supply 60 Ford Ranger

The Federal Executive Council on Wednesday approved N2.7 billion contracts for the purchase of operational vehicles and equipment to support security agencies to protect lives and property in the FCT. A statement issued on Wednesday by Chief Press Secret...

July 20, 2022 No Responses

Hyundai IONIQ 6 Electrified Streamliner Debuts

Hyundai Motor Company launched the eagerly awaited IONIQ 6 Electrified Streamliner with a digital world premiere film. As the new model in the brand’s IONIQ all-electric lineup brand, the electrified streamliner’s array of advanced technologies...