Auto Business Archives — Page 7 of 47

May 5, 2022 No Responses

Nissan To Invest $700m In Mexico

The Japanese automaker, Nissan Motors said on Wednesday it would invest more than $700 million in Mexico during the next three years to boost its operations in the country. The investment is set to improve the facilities, equipment and automation procedures...

May 5, 2022 No Responses

Porsche AG Acquires Stake In Group14 Technologies

German automotive manufacturer, Porsche on Wednesday announced its stake acquisition in the US company Group14 Technologies, a producer of advanced silicon-carbon technology for lithium-ion batteries. As the lead investor, Porsche is raising ...

May 4, 2022 No Responses

Hyundai Rolls Out Creta Knight Edition

Hyundai Motor India on Tuesday unveiled Creta Sports Utility Vehicle (SUV) ‘Knight Edition’. According to Hyundai, the new edition the new edition will be offered on a S+ trim (MT only) and the SX (O) trim (IVT/AT only) availab...

May 2, 2022 No Responses

Geely Delivers 78,478 Units In February, Penetrates African Market

For the Month of February 2022, Geely Auto recorded total sales volume of 78,478 units, an increase of approximately Two per cent from the same period last year, but down approximately 46% from January 2022, primarily due to the supply sho...

April 26, 2022 No Responses

Nissan Ends Production Of Datsun Cars

Nissan is to stop producing vehicles under the Datsun name, which has a more than century-long history. BBC report that it was one of the brands that helped Japanese car makers become established globally after the Second World War. Despite...

April 16, 2022 No Responses

Nigeria Explains Financial Incentives Agenda For Electric Vehicle Makers, Buyers

THE National Automotive Design and Development Council (NADDC) is working on arrangement to encourage the production, sale and use of electric vehicles in Nigeria through incentives. Speaking at the just concluded Nigerian Ener...

April 16, 2022 No Responses

BMW CEO Warns Against Electric-Only Strategy

Chief Executive Officer Oliver Zipse said companies must be careful not to become too dependent on a select few countries by focusing only on electric vehicles, adding that there was still a market for combustion engine cars. “When you look...

April 15, 2022 No Responses

Hyundai Budgets $300m For Eco-Friendly Plant

Hyudai Motor has concluded plans to invest $300million in its US plant to begin the production of environment-friendly vehicles later this year.Hyundai Motor will upgrade the existing assembly lines of its Alabama plant for the production of the Sant...

April 15, 2022 No Responses

Kia Unveils Miss Nigeria As Brand Ambassador

Kia Nigeria has unveils Shatu Garko, Miss Nigeria Queen as their brand ambassador. The unveiling and handover ceremony was held at the Kia Showroom, Adeola Odeku, Lagos, and marks the beginning of Shatu’s brand ambassadorship with Kia Nigeria. The bran...

April 14, 2022 No Responses

Hyundai Boss Bags ‘Visionary Of The Year’ Award

Hyundai Motor Group’s Executive Chair, Euisun Chung, has won the ‘Visionary of the Year’ award at the inaugural Newsweek World’s Greatest Auto Disrupters event. A statement explained that the World’s Greatest Auto Disruptors 2022 programm...

April 14, 2022 No Responses

Nissan Unveils Navara Assembly Plant In Ghana

Ghanaian President Nana Addo Danquah Akufo-Addo has commissioned Nissan’s new Navara semi-knockdown assembly plant in Tema, outside Accra. The $9-million facility is the culmination of a process that began in 2018 when Nissan signed a memoran...

April 10, 2022 No Responses

Mikano Unveils All-New Geely Azkarra, Gets Order For 100 Units

By Moses Ebosele, ebosele@hotmail.com The Motors division of Mikano International has welcomed the All-New Geely Azkarra Sports Utility Vehicle (SUV) to Nigeria. Unveiling the Azkarra at a colourful ceremony in Lagos, on Saturday, General Manager, M...

April 7, 2022 No Responses

MG, Toyota, Hyundai Top In Sales Satisfaction Index

On a 1,000-point scale, MG India has ranked highest in the J.D. Power 2021 India Sales Satisfaction Index (SSI) Study., MG scored 881, followed by Toyota India (877) and Hyundai India (875). The J.D. Power 2021 India Sales Satisfaction Index (S...

April 6, 2022 No Responses

Q1: Toyota Outsells GM In the US

United States automakers reported a slump in first-quarter domestic sales, as the entire industry was slammed by chip shortages and disruptions to supply chains. Toyota, which in 2021 upstaged GM as the top-selling automaker in the United States, outsold ...