Auto News Archives — Page 11 of 60

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 Auto’s R&D of...

August 29, 2022 No Responses

Hyundai, Kia Sign Patent License Agreement With Avanci

Avanci has signed patent license agreements with Hyundai Motor Company and Kia Corporation, increasing the total number of automotive brands licensed through Avanci to 45. Connected vehicles from the Genesis, Hyundai and Kia brands receive licenses...

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 19, 2022 No Responses

Geely Delivers 613,845 Vehicles In Six Months

Geely Automobile Holdings, the Hong Kong-listed entity in which Zhejiang Geely Holding Group is the lead shareholder, on Thursday, released its 2022 Half-Year performance, indicating significant progress in the premium market segments....

August 16, 2022 No Responses

Hyundai Ranks Third In Global Vehicle Sales In 2022 First Half

South Korea’s Hyundai Motor Group on Monday said it positioned third in the first half of global vehicle deals on increased top-of-the-line model deals notwithstanding the absence of semiconductor chips. Hyundai Motor, its independent Genesis brand and ...

August 12, 2022 No Responses

Lagos, CIG Motors Target 5,000 Annual Vehicle Production

The Lagos State Government has partnered with the Choice International Group (CIG) Motors on the establishment of an Automobile Assembly Plant in the state. Speaking during the inspection of the assembly plant in Ogba area of the state, Gov. Babajide...

August 11, 2022 No Responses

Coscharis Motors Renews Excellent Service, Value For Money Commitment

Rising from a two-day strategy retreat session, the top management team of one of the leading auto players, Coscharis Motors Plc has resolved to further deliver value for money to their numerous stakeholders in all ramifications of their customer engagement......

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 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 6, 2022 No Responses

Suzuki Motor: Demand Strong Despite Economic Concerns

Japan’s Suzuki Motor said on Friday it did not see demand for vehicles slowing at home or in its key market of India amid growing concerns about a global economic downturn. The view from Masahiko Nagao, Suzuki’s senior managing executive...

August 2, 2022 No Responses

Stallion Motors Reiterates Support For NAJA Training

The management of Stallion Motors Limited, Nigeria’s leading automobile assembler, has described its support for the just concluded Nigeria Auto Journalists’ Annual Training Workshop as an initiative aimed at the development of the nation’s economy via t...

July 29, 2022 No Responses

Weststar, Stallion, Toyota, CFAO Back NAJA Training

Weststar Associates Limited, Stallion Motors, Toyota Nigeria Limited and CFAO Motors, have thrown their weight behind this year’s Nigeria Auto Journalists Association (NAJA) Training/Capacity Building Workshop to be held Friday, 29th July, 2022, at the Lagos...

July 20, 2022 No Responses

Hyundai IONIQ 6 Electrified Streamliner Debuts

Hyundai Motor Company launched the eagerly awaited IONIQ 6 Electrified Streamliner with a digital world premiere film. As the new model in the brand’s IONIQ all-electric lineup brand, the electrified streamliner’s array of advanced technologies...