Auto Business Archives — Page 45 of 47

July 29, 2019 No Responses

Expert Implores FG On Auto Policy, N2.5t Investments

By Moses Ebosele, ebosele@hotmail.com — Inability to secure presidential assent for Nigeria’s automotive policy is a direct threat to over N2.5trillion private sector investments, an automotive communication consultant, Dr Oscar Odiboh has said. Speaking at the 2019 training workshop...

July 29, 2019 No Responses

Kia Motors Nigeria Seeks More Support For Auto Industry

By Moses Ebosele, ebosele@hotmail.com — As stakeholders in Nigeria awaits presidential assent for National Automotive Industry Development Plan (NAIDP), the Managing Director and Chief Executive Officer of Kia Motors Nigeria, Mr Jacky Hathiramani h...

July 27, 2019 No Responses

Michelin Records Eight Per Cent Decline In Net Income

Michelin’s firm pricing and cost-cutting lifted first-half revenue and operating earnings, the French tyre maker has said. However, the explained that profitability suffered from shrinking vehicle production. Net income fell 8% to 844 million euros ($940...

July 27, 2019 No Responses

Kia To Roll Out Seltos SUV July 31

South Korean auto major, Kia Motors is all set to roll out its first made in India mid-SUV, Kia Seltos, from its plant located in Anantapur in Andhra Pradesh on July 31. “Kia Motors will roll out the first car...

July 26, 2019 No Responses

Nissan To Sack 10,000 Workers

Nissan plans to cut more than 10,000 jobs globally, according to Japanese media reports. The move comes as a part of company’s path of turning around its business and indicates tough road ahead with management upheaval. In May, the company...

July 24, 2019 No Responses

Mercedes-Benz Secures Approval For Driverless Parking

Bosch and Daimler have reached a milestone on the way to automated driving: the two companies have now obtained approval from the relevant authorities in Baden-Württemberg for their automated parking system in the Mercedes-Benz Museum parking garage in Stuttg...

July 19, 2019 No Responses

Renault, Coscharis Group Seal Partnership

By Moses Ebosele, ebosele@hotmail.com – After several weeks of speculations, French carmaker, Renault and foremost Nigerian firm, Coscharis Group on Thursday sealed a new partnership to assemble and distribute Renault vehicles in Nigeria. At...

July 17, 2019 No Responses

VW Declares 974,400 Sales In June

Volkswagen Group in June 2019 recorded 1.6 per cent increase in its global sales, amounting to 974,400 units. The company explained that the number is mostly driven by 15 per cent growth in the Chinese market, where the Volkswagen Group...

July 16, 2019 No Responses

Ceat Tyre Revamps Capacity, Exports To 100 Countries

By citybusinessnews@yahoo.com – Ceat tyre has lined up more investment to ramp up manufacturing capacity across its plants over the next three to four years. Ceat currently exports tyres to around 100 countries. Already, the company has conso...

July 15, 2019 No Responses

Experts Raise Concerns Over Brake, Tyre Emissions

With the environmental pollution reaching alarming levels, the UKgovernment’s Air Quality Expert Group (AQEG) identified emission from tyres and brakes as a prime contributor to the declining air quality. It mentioned that emissions from car brakes and t...

July 15, 2019 No Responses

Daimler Trucks Tests New Digital Vehicle Systems

Daimler Trucks has taken a new initiative to test and develop the new digital operating menus and apps. The German CV manufacturer has involved the truck drivers to test the digital system on-board the new Mercedes-Benz Actros. The company has...

July 14, 2019 No Responses

Volkswagen To Invest $1.12b In Battery Production Plant

Volkswagen AG says it is investing 1 billion euros ($1.12 billion) to set up a battery production plant in Germany. Chief executive Herbert Diess said Tuesday that the factory is part of the company’s effort to electrify its vehicles. He...

July 14, 2019 No Responses

Samsung Unveils Remote-Controlled 5G Car

Samsung has revealed its 5G enabled car that can be operated remotely. developed in association with Vodafone. The South Korean technology giant claims, this connected car s first-of-its-kind virtual reality car. Based on a Lincoln MKZ, the car was being...

July 13, 2019 No Responses

Dana Pledges World-Class Products, Services As DFM Settles In Nigeria

By Moses Ebosele, ebosele@hotmail.com The Managing Director/Chief Executive Officer of Dana Motors, Jacky Hathiramani has assured Nigerians of quality sales, after sales support as Dongfeng Motor Corporation (DFM) settles in Nigeria. Products from the st...