Auto Business Archives — Page 9 of 47

March 4, 2022 No Responses

Ford Budgets $50b For Electric Vehicles In Three Years

Ford Motor Company is to increase its electric vehicle (EV) investment to $50 billion through 2026, up from the previous $30 billion investment till 2025.The automaker aims to produce more than 2 million electric vehicles annually by 2026, representing about one-third of Ford’s global volume,...

March 3, 2022 No Responses

Hyundai Motor To Invest $79.2b ln Eight Years

South Korea’s Hyundai Motor said on Wednesday it planned to invest about 95.5 trillion won ($79.21 billion) through 2030, including about 19.4 trillion won ($16.10 billion) towards electric vehicle (EV) related businesses. Hyundai Motor, which together...

February 27, 2022 No Responses

Nissan Nigeria Introduces New Navara To Customers

Stallion NMN Limited, Nigeria’s exclusive representative of Nissan brand, has officially revealed the new Navara pickup truck to its Nigerian customers. Held on Friday evening at the Oriental Hotel, Lekki, Lagos, the Navara Customer launch attrac...

February 20, 2022 No Responses

Kia Unveils Carens In 19 Variants

Kia India has announced the launch of its fourth and latest ‘Made-for-India’ offering, the three-row recreational vehicle, Carens. The highly anticipated model is available in five trims, three engine, and three transmission options. With...

February 8, 2022 No Responses

Hyundai Santa Fe Gets Large SUV Award

The Hyundai Santa Fe has been hailed ‘Large SUV of the Year’ in the prestigious 2022 What Car? of the Year Awards. The What Car? judges also named the Hyundai i10 ‘Best Small Car for the City’ and the Hyundai TUCSON...

February 3, 2022 No Responses

Hyundai Delivers 44,022 Units In January

Hyundai Motor India Ltd (HMIL), on Wednesday, reported a decline of 15.35% in its domestic sales to 44,022 units in January 2022. The company had sold 52,005 units in January 2021. Hyundai Motor India exported 9,405 units in January 2022, ...

January 29, 2022 No Responses

2021:Toyota Widens Lead On Volkswagen, Records 10.5m Sales

Japan’s Toyota Motor Corporation said on Friday its vehicle sales rose by 10.1% last year, making it the world’s biggest carmaker for a second straight year and putting it further ahead of its nearest rival, Germany’s Volkswagen. The carmaker...

January 29, 2022 No Responses

Daimler AG To Rebrand As Mercedes-Benz Group

Daimler AG will be formally renamed Mercedes-Benz Group AG on Tuesday — nearly a year after the spin-off of its truck and bus division was announced — in a move its boss hopes will unlock shareholder value for the premium-car...

January 22, 2022 No Responses

Hyundai Motor Partners Quantum Computer On Battery Development

Quantum computer maker, IonQ Incorporated has sealed partnership with Hyundai Motor on the use of quantum computers to develop more effective batteries. A statement explained that the partnership will create a battery chemistry model to simulate the...

January 21, 2022 No Responses

Jelani, Kunle Ade.Ojo To Unveil Diverse Autocare Centre

All is now set for the formal commissioning of Diverse Autocare Centre on 11th February, 2022 in Benin City, Edo State. Scheduled to unveil the facility are the DirectorGeneral, National Automotive Design and Development Council (NADDC), Jelani Aliyu &nbs...

January 21, 2022 No Responses

Kia Nigeria Partners Fixit45 On Auto Parts, After-Sales

As part of measures to offer customers genuine spare parts and exceptional after-sales services, Kia Nigeria has partnered Fixit45. According to Kia Nigeria, the commitment to provide the very best after-sales service delivery and customer experience to ...

January 19, 2022 No Responses

Toyota Targets One Million Cars In March

Foremost auto firm, Toyota Motor Corporation will build 700,000 vehicles globally in February, up 10% on the year, but will still need to make a million more in March in order to reach an annual production target of 9 million, the...

January 15, 2022 No Responses

Reliance, Hyundai, Bid For Incentives Under India’s $2.4b Battery Scheme

Indian conglomerate, Reliance Industries, South Korea’s Hyundai Motor Co and automaker Mahindra & Mahindra are among companies that have submitted bids under the country’s $2.4 billion battery scheme, two sources told Reuters. India last ...

January 14, 2022 No Responses

Porsche Delivers 301,915 Vehicles In 2021

Between January and December 2021, Porsche delivered a record 301,915 vehicles to customers worldwide, 11 percent more than 2020. A statement issued by the German luxury sports car manufacturer, quoted a member of the Executive Board responsible for sale...