Yamaha Recalls 13,348 Motorcycles

Yamaha Recalls 13,348 Motorcycles

Japanese two-wheeler manufacturer, Yamaha on Wednesday declared increase of 0.5 per cent in its consolidated net sales, amounting to 1.2billion Yen.   Yamaha is also recalling 13,348 units of FZ 25 and Fazer 25 in order to fix a faulty...
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Jaguar Land Rover Delivers 41,866 Units In October

Jaguar Land Rover Delivers 41,866 Units In October

For the Month of October 2019, Jaguar Land Rover recorded sales of 41,866 units, down by 5.5 per cent when compared to the same month last year.  A statement issued by the company on Monday explained that Year-on-Year sales in...
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Daimler To Sack 1,100 Senior Management Staff

Daimler To Sack 1,100 Senior Management Staff

Daimler will cut 1,100 leadership positions worldwide, or about 10% of its management, German daily Sueddeutsche Zeitung has said, citing a newsletter circulated by the company’s works council. According to Agency Report, a spokesman for Daimler’s ...
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Toyota Declares $6.09b Profit, 2.75m Sales In Q2

Toyota Declares $6.09b Profit, 2.75m Sales In Q2

Toyota Motor Corporation posted a 14% rise in second-quarter profit on Thursday, boosted by a rise in global vehicle sales. Japan’s biggest automaker posted an operating profit of 662.3 billion yen ($6.09 billion) in the July-September quarter, up from 5...
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Audi To Increase Engine Production

Audi To Increase Engine Production

Audi will increase the production of engines at its Hungarian factory to 2.25 million units next year, Hungarian Foreign Minister Peter Szijjarto has said.  According to agency report, an Audi representative at the premium carmaker’s Ingolstadt head...
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Kia Joins Top Five Carmakers

Kia Joins Top Five Carmakers

South Korean carmaker,  Kia Motors, which started its operations in India in August, has joined the list of top five carmakers  in the country in terms of market share, leaving behind established players such as Toyota Kirloskar Motors and Honda...
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Peugeot, Fiat Chrysler To Sign $50b Merger Deal In December

Peugeot, Fiat Chrysler To Sign $50b Merger Deal In December

Fiat Chrysler and Peugeot owner PSA aim to sign a final merger agreement as early as the beginning of December.  The two automakers explained last week that they planned to join forces in a 50-50 share merger to create the...
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New Fiat Pick Up Debuts At Lagos Trade Fair

New Fiat Pick Up Debuts At Lagos Trade Fair

Fortified with 2.4lit engine and available in single and double engine, a new Fiat Pick Up has joined ongoing competition in the Nigerian market.  A reporter from City BusinessNews (www.citybusinessnews.com) who was at the ongoing lagos Internation Trade ...
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GM Recalls 638,000 Chevrolet Suburban, Tahoe

GM Recalls 638,000 Chevrolet Suburban, Tahoe

General Motors has recalled 638,000 Sport Utility Vehicles and pickup trucks because a wheel-speed sensor could fail and cause unintended braking.The recall covers some 2015-2020 Chevrolet Suburban, Tahoe, and Yukon models, and some 2014-2018 Chevrolet Silvera...
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Peugeot, Fiat Chrysler Boards Approve Merger

Peugeot, Fiat Chrysler Boards Approve Merger

The Supervisory Board of Peugeot S.A. and the Board of Directors of Fiat Chrysler Automobiles (FCA) have each unanimously agreed to work towards a full combination of their respective businesses by way of a 50/50 merger. Both boards have given...
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Peugeot, Fiat Chrysler In merger Talks

Peugeot, Fiat Chrysler In merger Talks

US-Italian auto giant Fiat Chrysler and France’s Peugeot are in merger talks that would yield an entity valued at about $50 billion, a person with knowledge of the matter told AFP on Tuesday. Carlos Tavares, the chief executive of Peugeot’s...
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Mahindra Acquires Peugeot Motocycles

Mahindra Acquires Peugeot Motocycles

Mahindra & Mahindra (M&M) subsidiary, Mahindra Two Wheelers Europe is to fully acquire France-based Peugeot Motocycles (PMTC) for an undisclosed amount....
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Renault Seek New Partners As Revenue Drops Further

Renault Seek New Partners As Revenue Drops Further

French carmaker Renault is on the hunt for new partners to buy its cars and components as it reported a fall in quarterly revenue and pushed ahead on a strategic review with “nothing off the table”. According to agency reports,...
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Renault Declares 4.4 Per Cent Drop In Sales

Renault Declares 4.4 Per Cent Drop In Sales

Renault’s group revenue fell in the third quarter, weighed down by a drop in production at partners Nissan and Daimler as declining demand for diesel engines added to the effects of a slowing global market. The company, which owns 43.4%...
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