Auto News Archives — Page 17 of 60

March 17, 2022 No Responses

Hyundai Launches Plant To Produce Indonesia’s First Electric Car

Hyundai Motor Group launched a new automotive plant on Wednesday that will produce Indonesia‘s first locally assembled electric vehicle, part of President Joko Widodo’s goal of developing a full EV supply chain utilising the country’s mineral resources.At the plant’s inauguration on Wednesday, Jokowi, as....

March 17, 2022 No Responses

BMW Cuts 2022 Profit Forecast For Car Segment

BMW lowered its profit margin expectations for its automotive segment for 2022 due to the war in Ukraine, the German carmaker said on Wednesday.BMW Group now predicts growth of earnings before interest and taxation (EBIT) in its car segment in a...

March 15, 2022 No Responses

Auto Finance: Nigerian Startup Firm Secures $105m For Expansion

A Nigerian startup, Moove Africa BV, that provides vehicle financing to Uber Technologies drivers among others, has raised $105 million to expand operations in new markets including in Asia and the Middle East. The company in a statement issued on...

March 15, 2022 No Responses

VW, Ford Deepen Electric Vehicle Cooperation

Volkswagen Monday said it has deepened its e-mobility partnership with Ford under which the U.S. carmaker will produce a second electric vehicle for the European market based on its German rival’s platform.As part of th...

March 13, 2022 No Responses

VW Profits Surge Despite Selling Fewer Cars

Volkswagen said its net profits jumped last year despite selling fewer cars due to the semiconductor shortage as buyers forked out for better-equipped cars.The German automaker’s net profit rose 75% to 15.4 billion euros (USD 16.8 billion) in 2021.The...

March 13, 2022 No Responses

Toyota To Cut Production In April, May, June

Toyota Motor Corporation will scale back domestic production by up to 20% during the months of April, May and June, to ease the strain on suppliers struggling with shortages of chips and other parts.The move by Japan’s largest automaker is the...

March 12, 2022 No Responses

Changan Star 9 Bus Settles In Nigeria

By ebosele@hotmail.com — Fortified with safety attributes, body strength, fuel efficiency and powerful engine, Changan Star 9 Bus is set to alter existing status quo in Nigeria’s competitive mini bus segment. Positioned to ...

March 11, 2022 No Responses

BMW Triples Pre-Tax Earnings, Vehicle Sales With $17.67b

Foremost auto firm, BMW, more than doubled pre-pandemic earnings in 2021 to 16 billion euros ($17.67 billion), the company said on Thursday, as higher prices and strong sales of top-end cars boosted revenue despite supply chain constraints. The premium carmake...

March 11, 2022 No Responses

Nissan Appoints Lavanya Wadgaonkar As VP Of Global Communications

Japanese automobile manufacturer, Nissan has promoted divisional GM of global communications, Lavanya Wadgaonkar as its VP of global communications. In her role, Wadgaonkar (pictured) will be responsible for leading all of Nissan’s...

March 8, 2022 No Responses

NADDC Seeks Partnership As Pantami Test Drives New Hyundai Kona

The Director General, National Automotive Design and Development Council (NADDC), Jelani Aliyu has called on the digital economy sector for support and partnership as part of efforts to develop and sustain the automotive industry in Nigeria. ...

March 8, 2022 No Responses

VIN: Auto Dealers Get One Month’s Grace To Clear Vehicles

The Nigeria Customs Service has approved a month grace for the clearance of a backlog of vehicles following recent Customs/Stakeholders town hall meeting held in Lagos on Vehicle Identification Number (VIN)-Valuation. This is to enable clearing of t...

March 5, 2022 No Responses

More Safety Features For Hyundai Creta, Alcazar

Hyundai Motors has concluded plans to standardise certain safety features on the Creta and the Alcazar. These safety features include 6 airbags, Electronic Stability Control with Vehicle Stability Management, and ISOFIX child seat anchorages.&n...

March 5, 2022 No Responses

Kia Targets 14 EVs In Six Years

Kia has unveiled fresh plans to develop new electric cars starting from next year. Kia says it will release two new Electric Vehicles (Evs) in 2023 and build a full line of 14 EVs by 2027. The development mar...

March 4, 2022 No Responses

Ford Budgets $50b For Electric Vehicles In Three Years

Ford Motor Company is to increase its electric vehicle (EV) investment to $50 billion through 2026, up from the previous $30 billion investment till 2025.The automaker aims to produce more than 2 million electric vehicles annually by 2026, representing ab...