Auto Business Archives — Page 8 of 47

April 5, 2022 No Responses

Mercedes-Benz Puts 5,600 Workers On Vacation

Mercedes-Benz Group will put more than five thousand workers on collective vacation in two plants in Brazil due to the shortage of semiconductor chips, the company said on Monday.The production stoppage will happen from April 18 to May 3 and...

April 4, 2022 No Responses

Ford Recalls 737,000 Vehicles

Ford Motor Co is recalling 737,000 vehicles in the United States over a part that could develop an oil leak and a software error that could hinder braking, it said on Friday.The automaker is recalling 345,451 of its 2020-2022 Ford...

April 2, 2022 No Responses

CIG Motors Partners Lotus Bank On Auto Finance

As part of measures to make vehicle acquisition easier and more affordable to all prospective, CIG Motors has entered into a partnership with Lotus Bank. The scheme, ‘Rent to Win’, the two organisations said, is aimed at reducing the number...

April 1, 2022 No Responses

Toyota Rolls Out 884,528 Vehicles In February

Parts supply disruptions continued to affect Japanese automakers’ global production for February, but the results released by Toyota showed a clear contrast. Toyota said its group, including Daihatsu and Hino Motors, produced 884,528 vehicles globa...

March 31, 2022 No Responses

Hyundai, Saudi Aramco To Develop Eco-Friendly Vehicle Engine

Hyundai Motor Group disclosed on Wednesday it will collaborate with Saudi Aramco and a Saudi Arabian university to jointly develop an environment-friendly fuel and engine for vehicles. Hyundai, Aramco, and King Abdullah University of Science an...

March 20, 2022 No Responses

VW Joins Sustainable Mining Initiative

Volkswagen has joined a group that sets environmental and social standards in mining as the world’s No.2 carmaker steps up efforts ensure its raw materials are sustainable, especially in electric vehicles (EVs).Big companies have com...

March 19, 2022 No Responses

Electric Vehicles: Nigeria Seeks UN Assistance

The Federal Government of Nigeria is seeking the assistance of United Nations (UN) in the areas of technical and infrastructural capacity in its drive to transit to electric vehicles. The Secretary to the Government of Federation (SGF), Mr Boss Mustapha....

March 18, 2022 No Responses

Tata Motors To Take Over Ford’s Indian Plant

March 17, 2022 No Responses

Mercedes To Sustain EV Investments Despite Ukraine War

Mercedes-Benz AG won’t cut spending on future electric vehicles even as it copes with supply-chain cost pressures exacerbated by the Russia-Ukraine conflict, the German automaker’s chief executive has said Ola Kaellenius,...

March 17, 2022 No Responses

Hyundai Launches Plant To Produce Indonesia’s First Electric Car

Hyundai Motor Group launched a new automotive plant on Wednesday that will produce Indonesia‘s first locally assembled electric vehicle, part of President Joko Widodo’s goal of developing a full EV supply chain utilising the cou...

March 15, 2022 No Responses

VW, Ford Deepen Electric Vehicle Cooperation

Volkswagen Monday said it has deepened its e-mobility partnership with Ford under which the U.S. carmaker will produce a second electric vehicle for the European market based on its German rival’s platform.As part of th...

March 13, 2022 No Responses

Toyota To Cut Production In April, May, June

Toyota Motor Corporation will scale back domestic production by up to 20% during the months of April, May and June, to ease the strain on suppliers struggling with shortages of chips and other parts.The move by Japan’s largest automaker is the...

March 8, 2022 No Responses

NADDC Seeks Partnership As Pantami Test Drives New Hyundai Kona

The Director General, National Automotive Design and Development Council (NADDC), Jelani Aliyu has called on the digital economy sector for support and partnership as part of efforts to develop and sustain the automotive industry in Nigeria. ...

March 5, 2022 No Responses

More Safety Features For Hyundai Creta, Alcazar

Hyundai Motors has concluded plans to standardise certain safety features on the Creta and the Alcazar. These safety features include 6 airbags, Electronic Stability Control with Vehicle Stability Management, and ISOFIX child seat anchorages.&n...