Auto Market Archives — Page 12 of 14

March 13, 2020 No Responses

BMW Declares $115.4b In 2019

BMW on Thursday reported a 29-percent drop in profits in 2019, blaming heavy legal costs and high investments in a challenging economic environment. Despite record revenues of 104 billion euros ($115.4 billion), driven by strong sales of its highest-end models,...

March 12, 2020 No Responses

Dana Motors Displays Made-In-Nigeria Kia, DFM Models In Abuja

Dana Motors, a leading auto company in Nigeria participated in the recently held media parade organized by the National Automotive Design and Development Council [NADDC] in Abuja. A prelude to the eventful Argungu Motor rally, the all-new 2020 Kia and...

March 11, 2020 No Responses

Nissan Pulls Out Of Venture Fund With Renault, Mitsubishi

Nissan Motor Company is to pull out from a venture capital fund it runs with alliance partners Renault SA and Mitsubishi Motors, as part of the Japanese automaker’s drive to cut costs and conserve cash. Under the arrangement, Nissan will...

March 9, 2020 No Responses

New Volkswagen Tiguan Allspace Debuts

Volkswagen family has announced the launch of its first Sports Utility Vehicle (SUV) of 2020, the Tiguan Allspace in India. Based on the MQB architecture, the Tiguan Allspace seven-seater SUV comes powered by a 2.0-litre TSI petrol engine, clubbed with.....

March 5, 2020 No Responses

Toyota Recalls 3.2m Vehicles Worldwide

Toyota Motor Corporation on Wednesday recalled 3.2 million vehicles worldwide to address a fuel pump issue that could result in engines stalling. The Japanese automaker first said in January it would recall 696,000 U.S. vehicles with a fuel pump that...

March 2, 2020 No Responses

Hyundai Unveils New Grand i10

Hyundai Motor has unveiled new 1.0-litre turbo GDi engine variant of Grand i10 Nios hatchback in the Indian market. According to Hyundai, the Grand i10 Nios turbo is based on Sportz trim while the new BS-VI compliant 1.0-litre turbo-petrol engine...

February 29, 2020 No Responses

Tata Motors To Wind Up Auto Retail Business

Tata Motors is winding up its auto retail business Concorde Motors as part of its strategy to move away from non-core businesses. Set up in the late 90s in partnership with Jardine Matheson’s Jardine Motors, the Concorde retail business over...

February 27, 2020 No Responses

Peugeot Records 13.2 Per Cent Increase In Profit

Peugeot maker PSA Group said its profitability reached a record high in 2019 but the French carmaker forecast falling industry sales in Europe this year as it pursues its merger with Fiat Chrysler, which is strong in North America. PSA...

February 25, 2020 No Responses

Jaguar Land Rover Opens New Dealership

Jaguar Land Rover on Monday announced the opening of its new 3S facility in the city of Hyderabad, india through Pride Motors. A statement explained that It also has a JLR approved pre-owned car section and showcases a wide range...

February 22, 2020 No Responses

Chinese Car Sales Drop 92 Per Cent

Chinese sales of passenger cars collapsed 92 per cent on an annual basis in the first 16 days of February as the coronavirus outbreak halted business output across the country. According to China Passenger Car Association (CPCA), only 4,909 vehicles...

February 21, 2020 No Responses

Pirelli Unveils New Agenda For Growth

Pirelli has disclosed plans to focus on its premium products and cost-cutting measures to drive a gradual increase in core profit margins over the next two years. Announcing its strategic plan along with annual results, the group said its margin...

February 20, 2020 No Responses

Jaguar Land Rover Unveils New Discovery Sport

Jaguar Land Rover has Unveiled new Discovery Sport for the India market. The Indian subsidiary of the British marquee also explained that start of delivery for the petrol-powered Discovery Sport will be subsequent to start of diesel and will be...

February 19, 2020 No Responses

New Mercedes-Benz Comil Debuts In Nigeria

Weststar Associates Limited, Authorized General Distributor of Mercedes-Benz in Nigeria in collaboration with Utobras Nigeria Limited, the authorized representative of Comil buses in Nigeria, are proud to unveil the all new Mercedes-Benz ComilCampione Invictus...

February 12, 2020 No Responses

Michelin Projects Lower Income In 2020

French tyre maker, Michelin on Tuesday projected lower operating income in 2020, saying the forecast did not include the systemic effect of the coronavirus crisis in China. The Paris-based company, which restarted operations in its three factories in China on....