Auto News Archives — Page 34 of 62

February 5, 2021 No Responses

Electric Vehicle Sales Surge In EU

Demand for electric vehicles soared in the EU last year as buyers took advantage of government subsidies for clean cars aimed at helping manufacturers weather the unprecedented hit from the Covid-19 pandemic, the European Automobile Manufacturers Association (ACEA) said Thursday.Some 538,772 fully electric autos...

February 4, 2021 No Responses

Toyota Targets 9.2m Vehicles In 2021

Japan’s Toyota Motor Corporation plans record high global production of 9.2 million vehicles this year, up about 2% from 2019’s pre-coronavirus output. According to Nikkei newspaper, the automaker has informed ...

February 3, 2021 No Responses

Ford To Invest $1b In South African Operation

Ford Motor Company said on Tuesday that it would invest $1.05 billion into its South African manufacturing operations. It will be the biggest investment by the company in the country. The investment will further modernise and expand manufacturing ope...

February 2, 2021 No Responses

Hyundai Declares 57% Increase In Profit

South Korea’s Hyundai Motor Co has reported a 57% jump in fourth-quarter profit, slightly below analyst estimates, backed by demand for high-margin sports-utility vehicles and its premium Genesis cars. Hyundai, which together with affiliate Kia Corp...

February 1, 2021 No Responses

BMW To Unveil 25 Electric Products In 2021

Foremost German luxury automotive group, BMW is to has unveil25 electric products in India before the end of 2021. “As far as our business is concerned, the worst of coronavirus is behind us. In 2020 we saw business shut…This year...

January 31, 2021 No Responses

Renault Unveils Kiger SUV

January 30, 2021 No Responses

Daimler Beats Forecasts In Preliminary 2020 Results

Mercedes-Benz parent company Daimler on Thursday released preliminary earnings data for 2020 showing higher-than-expected operating profit in a year battered by the coronavirus pandemic.At 6.6 billion euros ($8.0 billion), profit before interest...

January 29, 2021 No Responses

Toyota Beats Volkswagen To Become World’s No.1 Car Seller In 2020

Japan’s Toyota Motor Corp overtook Germany’s Volkswagen in vehicle sales last year, regaining pole position as the world’s top selling automaker for the first time in five years as the pandemic demand slump hit its German rival harder...

January 27, 2021 No Responses

Hyundai Declares $1.18b Profit In 2020 Q4

Hyundai Motor reported on Tuesday a 57% jump in fourth-quarter profit, slightly below analyst estimates, backed by demand for high-margin sports-utility vehicles and its premium Genesis cars.The company explained that it recorded a net profit of 1.3 trill...

January 24, 2021 No Responses

VW Operating Profit Drops By Half In 2020

For the year 2020, Volkswagen adjusted operating profit nearly halved but car deliveries, according to the company had recovered strongly in the fourth quarter.The world’s largest carmaker said full-year operating profit adjusted for ...

January 22, 2021 No Responses

Hero MotoCorp Crosses 100m Production Mark

By Moses Ebosele, ebosele@hotmail.com — Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, on Thursday surpassed the significant milestone of 100 Million (10 Crores) units in cumulative production. &nbsp...

January 20, 2021 No Responses

Ford To Recall Three Million Vehicles

US regulators on Tuesday ordered Ford to recall three million vehicles containing Takata airbags that show signs of “potential future rupture risk.”The National Highway Traffic Safety Administration (NHTSA) rejected an appeal fr...

January 20, 2021 No Responses

Kia Nigeria Reviews 2020, Unveils Agenda For 2021

By Olawale Jimoh, Marketing Manager — In the past year, face-to-face business models are radically changing into a digital space wherein services are offered in real-time across the digital platforms at the comfort of the customers’ homes, t...

January 16, 2021 No Responses

Honda City Records 21,826 Sales In 2020

Honda Cars India on Friday said its mid-sized sedan City led the segment last year with cumulative sales of 21,826 units.Staying true to its legacy of being the Japanese automaker’s longest running nameplate in India, the all-new fifth generation Cit...