Auto News Archives — Page 22 of 62

November 22, 2021 No Responses

Toyota Nigeria Unveils New Corolla

By ebosele@hotmail.com — Toyota Nigeria Limited (TNL) has unveiled new Corolla sedan for the nation’s market. The new Corolla was the only new vehicle (model) unveiled at the just concluded 2021 Abuja auto fair. Toyota Nigeria also used the opportunity to introduce...

November 15, 2021 No Responses

Mercedes-Benz SL-Class, BMW 7-Series Jostle For Luxury Car Of The Year Award In Nigeria

By Moses Ebosele, ebosele@hotmail.com — All is now set for the 2021 Nigeria Auto Journalists Association (NAJA) award scheduled to hold December 1, at Eko Hotels and Towers, Victoria Island, Lagos State. Already, finalists in each of the award...

November 12, 2021 No Responses

Daimler To Sell Entire $364m Stake In Renault

Daimler plans to dispose of its stake in Renault, the next step in dissolving equity ties forged over a decade ago to cement a three-way partnership between the German automaker, Renault and Nissan. Automotive News report that the maker of...

November 11, 2021 No Responses

All-New Hyundai TUCSON Unveils Agenda

By citybusinessnews@yahoo.com — Hyundai Motors has rolled out all-new TUCSON Sports Utility Vehicle (SUV). According to Hyundai, the all-new Hyundai TUCSON ensures travelling for long periods is comfortable and even more convenient. &nbs...

November 10, 2021 No Responses

Customs Takes Delivery Of 16 Toyota Hilux

The Federal Operational Unit of Nigeria Customs Service (NCS), Zone ‘A’, Ikeja has received sixteen (16) new Toyota Hilux to facilitate the suppression of smuggling and other Customs related Operations within the Zone. Receiving the v...

November 10, 2021 No Responses

FG Budgets N250b For Autogas Vehicle Conversion

As part of efforts to ensure that the autogas conversion of vehicles yielded the desired results, the Federal Government says it has set aside N250 billion for willing investors in autogas assembly plants in the country. The Minister of State...

November 9, 2021 No Responses

Coscharis Motors Opens All-New Range Rover Portal

By ebosele@hotmail.com — As part of measures to enhance customer choice and scope, Coscharis Motors has opened portal for the All New Range Rover. In a statement sent to City Business News on Tuesday, Coscharis Motors said: “Interested custo...

November 6, 2021 No Responses

Ford To Retire $5b Debt, Issue Green Bonds For Electric Vehicles

Ford Motor Company said it plans to retire up to $5 billion in high-interest debt and tap into the fast-growing market for “green” bonds to help it finance new electric vehicles and expand credit to customers with lower scores. Ultimately,...

November 4, 2021 No Responses

Coscharis Motors Partners Sterling Bank On e-Commerce, Vehicle Finance

By Moses Ebosele, ebosele@hotmail.com — Foremost Nigerian automobile firm, Coscharis Motors has keyed into Sterling Bank’s Non-Interest Banking Division platform- AltDrive. In a statement sent to City Business News on Thursday, Coschar...

November 4, 2021 No Responses

BMW Beat Forecasts, Declares $2.99b Profit In Q3

For the third quarter (Q3)ended September, 2021, BMW beat analysts’ forecasts on Wednesday with a 42.4% year-on-year increase in net profit to 2.58 billion euros ($2.99 billion). According to Reuters, higher prices and strong electric vehicle sales helpe...

November 4, 2021 No Responses

Innoson Leads Other Local Auto Manufacturers To Edo Summit

Nigerian indigenous motor manufacturing company, Innoson Vehicle Manufacturing (IVM) will lead other top players in the nation’s automotive industry to the Alaghodaro Summit 2021, scheduled to take place between November 12 and 14, in Benin City, the Edo Sta...

November 4, 2021 No Responses

Elizade Secures N1.5b Contract For 46 Customs Vehicles

By Moses Ebosele, ebosele@hotmail.com — The Federal Executive Council (FEC) has awarded N1.5bilion contract to Elizade Nigeria Limited to supply 46 units of vehicles to Nigeria Customs Service. Briefi...

November 3, 2021 No Responses

NAJA To Honour Ade-Ojo, Jelani, Oyeyemi, Hathiramani

By Moses Ebosele, ebosele@hotmail.com — The Nigeria Auto Journalists Association (NAJA) has concluded plans to honour Founder of Elizade Nigeria Limited, Chief Michael Ade-Ojo, Director General, National Automotive Design and Development Council (NA...

October 30, 2021 No Responses

New Rolls-Royce Black Badge Ghost Debuts

By Moses Ebosele, ebosele@hotmail.com — A new Rolls-Royce Black Badge Ghost, identified as the purest, most technologically advanced has rolled out of the production line. Rolls-Royce debuted Black Badge with Wraith and Ghost ...