World’s Most Expensive Car

World’s Most Expensive Car

A 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe, one of only two on Earth, has sold for a record $143 million, making it the most expensive car in the world. The car was named after its creator and chief engineer, Rudolf Uhlenhaut, and was sold at...
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Hyundai Budgets $5.5b For EV, Battery Facilities In U.S.

Hyundai Budgets $5.5b For EV, Battery Facilities In U.S.

South Korea’s Hyundai Motor Group said on Friday it plans to invest about $5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States  Reuters report that Hyundai will break gr...
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Nissan, Mitsubishi Unveil Light Electric Vehicles

Nissan, Mitsubishi Unveil Light Electric Vehicles

Japan’s Mitsubishi Motors Corp and Nissan Motor Co unveiled their first jointly developed light electric vehicles (EVs), aiming to draw more Japanese drivers to battery-powered cars by offering low-priced micro models. According to Reuters, the two Japan...
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Toyota Records $22b Full-Year Profit 

Toyota Records $22b Full-Year Profit 

Toyota Motor Corporation on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and the war in Ukraine disrupt supply chains.The Japanese auto giant, which kept its cr...
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Geely Acquires Stake In Renault Korea, Targets US Exports 

Geely Acquires Stake In Renault Korea, Targets US Exports 

China’s Geely Automobile will buy just over a third of Renault’s Korea unit for roughly $200 million, potentially helping it boost U.S. exports, and freeing up funds for the French automaker to invest in its electric business. Renault, wh...
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Toyota To Forecast Higher Profit, Helped By Solid Demand

Toyota To Forecast Higher Profit, Helped By Solid Demand

Toyota Motor Corporation is expected to forecast higher profit for the year ahead when it reports earnings this week, helped by solid demand and a weaker yen, even as commodities costs and supply chain woes put pressure on the global...
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Hyundai Plans U.S. EV Plant

Hyundai Plans U.S. EV Plant

Hyundai Motor Company plans to build a new electric-vehicle manufacturing plant in the United States and has held discussions with officials in Georgia, near existing plants for the Hyundai and Kia brands, people with knowledge of its plans told Reuters....
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Porsche AG Acquires Stake In Group14 Technologies 

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 ...
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Hyundai Rolls Out Creta Knight Edition

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...
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Over 200 Innoson-BOSCH Trainees Graduates

Over 200 Innoson-BOSCH Trainees Graduates

All is now set for the over 200 students who were Inducted into the BOSCH- Innoson Kiara Academy (IKA) training programme  in automobile maintenance to graduate on Friday, April 29th, 2022,   The  training was inaug...
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Nissan Ends Production Of Datsun Cars 

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...
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Kia Unveils Miss Nigeria As Brand Ambassador

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...
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VW Rejects Shareholder Push For Climate Lobbying Disclosures 

VW Rejects Shareholder Push For Climate Lobbying Disclosures 

Volkswagen has rejected a shareholder proposal for it to explain how its lobbying activities align with its climate goals – something two of the carmaker’s leading competitors have already promised to do, one of the investors said.A filing by ...
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Mikano Unveils All-New Geely Azkarra, Gets Order For 100 Units

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...
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