Auto Maker Archives — Page 4 of 37

November 3, 2022 No Responses

Geely’s Zeekr Plans Electric Vehicle Sales In Europe

Zhejiang Geely Holding Group’s premium electric car business plans to sell the first electric vehicle produced under the Zeekr brand in Europe next year, Zeekr’s CEO said. Zeekr joins a growing list of Chinese automakers looking to launch or expand...

November 3, 2022 No Responses

Toyota Seeks Govt Support, Tax Break

Toyota Motor Corporation president, Akio Toyoda on Wednesday raised the issue of tax breaks in a meeting with Japanese Prime Minister, Fumio Kishida. The pair’s meeting came after Kishida said he wanted to exchange views with auto industry leaders ...

October 20, 2022 No Responses

Geely Acquires 7.60 Per Cent Stake In Aston Martin Lagonda

Zhejiang Geely Holding Group (Geely Holding), China’s largest privately-owned automotive technology group, has acquired a shareholding in Aston Martin Lagonda Global Holdings plc, representing 7.60% of the ordinary share capital of the ultra-luxury British p...

October 5, 2022 No Responses

At Seoul Exhibition, Kia To Host Design Philosophy

Kia is hosting a ‘Kia Design Philosophy Exhibition’ in cooperation with the Seoul Design Foundation in October, with the intention of further communicating the principles behind the brand’s ‘Opposites United’ design philosophy through video, audio, a...

September 2, 2022 No Responses

Ford Recalls 198,000 SUVs Over Fire Risks

Ford Motor is recalling 198,000 SUVs in the United States to replace a blower motor assembly after reports of 25 fires, it said on Thursday. Reuters report that the recall covers 2015-2017 model year Ford Expedition and Lincoln Navigator vehicles....

August 31, 2022 No Responses

Geely Secures $400m To Accelerate Green Transformation

Geely Automobile Holdings has become the first Chinese automaker to secure an overseas sustainable club loan. Information obtained by City Business News on Tuesday explained that the three-year $400 million facility will be used to support Geely Au...

August 27, 2022 No Responses

Kia EV9 Undergoes Final Technical Testing

Kia has revealed details of the final intensive testing program undertaken by the Kia EV9 ahead of its world debut in 2023. According to Kia, the all-electric Kia EV9 will become the brand’s flagship model and will revolutionize the large...

August 23, 2022 No Responses

Ford To Cut 3,000 Jobs

Ford Motor Company said it’s cutting 3,000 jobs this week in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles. The cuts will come primarily in the US, while some positions...

August 8, 2022 No Responses

Geely Marks 11th Year On Fortune Global 500

Geely Holding Group has been listed in the 2022 Fortune Global 500 for the 11th consecutive year with a ranking of 229th after its last year’s revenues reached $55.86 billion. Since first entering the Fortune Global 500 in 2012, Geely...

August 8, 2022 No Responses

Tata Acquires Ford Car Plant In India

Indian automaker, Tata Motors has agreed to buy a Ford manufacturing plant in the western state of Gujarat for 7.26bn rupees ($91.5m). The deal comes as Tata moves to boost its car production to meet demand. The deal between Tata’s...

August 7, 2022 No Responses

Hyundai To Raise Stake In Startup

Hyundai Motor Group plans to ramp up its stake in a local startup specialised in autonomous driving technology and invest about 400 billion won ($308.19 million), a newspaper report has said. Hyundai Motor Group, which houses Hyundai Motor Co and Kia...

August 4, 2022 No Responses

Ford Trucks To Unveil Zero Emissions Agenda At 2022 IAA

Ahead of the 2022 IAA Transportation, Ford Trucks, on Thursday rolled out its 2022 zero emission agenda. A statement explained that Ford Trucks, winner of the prestigious IToY Award in Hannover with its F-MAX in 2018, “returns to IAA ...

August 2, 2022 No Responses

IMO State Owes IVM N2.5b, Innoson Group Insists

The management of Innoson Vehicle Manufacturing Company (IVM) has insisted that the Imo State Government under Governor Hope Uzodinma is owning the automobile manufacturer N2.5 billion. The Head, Corporate Communications and Affairs, IVM Innoson Grou...

August 1, 2022 No Responses

Stallion Group Unveils New Changan CS15 Crossover SUV

Zahav Automobile Company, a subsidiary of Stallion Group has unveiled the all-new Changan CS15 Crossover Sports Utility Vehicle (SUV) for the Nigerian market Unveiling the sensational Crossover SUV in Lagos at the weekend, Changan Head of Sales and...