Auto Maker Archives — Page 6 of 37

June 22, 2022 No Responses

Geely Automobile Sets 5-Year Carbon Reduction Target

Geely Automobile Holdings Limited has published its Environmental, Social and Governance (ESG) Report 2021, introducing in detail Geely Auto’s practices and plans on ESG issues such as climate change, environmental protection, corporate governance, customer interests, sustainable supply chain, employee rights, among...

June 22, 2022 No Responses

Toyota Joins Redwood Materials’ EV Battery Recycling Initiative

The United States startup Redwood Materials Incorporated on Tuesday said Japan’s Toyota Motor Corporation has become the latest auto industry giant to join its comprehensive electric vehicle (EV) battery recycling and remanufacturing initiative. Redwood ...

June 11, 2022 No Responses

NADDC Boss Inaugurates 2,322 Gas Powered Made-In-Nigeria Buses

The Director-General, National Automotive Design and Development Council (NADDC), Mr Jelani Aliyu, has inaugurated 2,322 gas-powered Made-in-Nigeria buses bought by the Road Transport Employers Association of Nigeria (RTEAN). Inaugurating the buses ...

June 6, 2022 No Responses

Mercedes Recalls One Million Cars Worldwide Over Faulty Brakes

German carmaker, Mercedes-Benz is recalling almost one million vehicles from around the world because of potential problems with their braking system. Over the weekend, the company said it will contact owners of the vehicles as their brakes may be affected...

June 5, 2022 No Responses

Hyundai Indian Delivers 51,263 Units In May

For the Month of May 2022, Hyundai Motor India has reported total sales of 51,263 units, compared with 30,703 units in the same month of last year. According to the company, domestic sales stood at 42,293 units last month. It was...

May 31, 2022 No Responses

Nissan Unveils New Corporate HQ

Nissan India has inaugurated its new corporate headquarters in Gurugram. The facility is situated in Worldmark Gurugram and will be the carmaker’s hub for sales, marketing, aftersales, finance, human resource, and corporate communications. Accordi...

May 21, 2022 No Responses

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 wa...

May 21, 2022 No Responses

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...

May 21, 2022 No Responses

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...

May 12, 2022 No Responses

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...

May 11, 2022 No Responses

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...

May 10, 2022 No Responses

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...

May 10, 2022 No Responses

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....

May 5, 2022 No Responses

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 ...