Auto News – Page 56 – City Business News

January 23, 2020 No Responses

Daimler Records 50 Per Cent Drop In Profit

German luxury car maker, Daimler on Wednesday issued its third profit warning for 2019, as costs related to the diesel scandal, heavy investment in electric vehicles and production issues weighed on earnings. According to the Company, its 2019 earnings before....

January 23, 2020 No Responses

Stallion Motors-Hyundai Rewards Customer

Stallion Motors – Hyundai and LG recently rewarded Mr. Ebun Sofunde San. In a raffle draw promotion, the happy customer took home an LG Dual cool high end AC Unit. Stallion Group Company, Hyundai Motors registered high sales in 2019...

January 22, 2020 No Responses

Toyota Recalls 3.4m Vehicles Worldwide

Citing electronic defect that can result in air bags not deploying in crashes, Toyota Motor Corporation said on Tuesday that it will recall 3.4 million vehicles worldwide The recall, which includes 2.9 million US vehicles, covers 2011-2019 Corolla, 2011-2013 M...

January 21, 2020 No Responses

BMW Recalls 357,000 Vehicles

BMW is recalling nearly 357,000 older vehicles in the U.S. to replace dangerous Takata front air bag inflators. According to BMW, the inflators are among 10 million sold to 14 automakers that Takata is recalling. It’s the last recall that...

January 20, 2020 No Responses

SHACMAN Trucks GM Visits Nigeria, Explains Network Expansion

Due to the expanding market of SHACMAN Heavy and Medium Duty Trucks and Road Tractors in Nigeria through its franchise company, Transit Support Services Ltd (TSS), the General Manager of Shaanxi Heavy Duty Automobile Import & Export Ltd, Manufacturers of.....

January 16, 2020 No Responses

Mercedes-Benz Delivers 2,339,562 Cars In 2019

The year 2019 was the ninth consecutive record year for Mercedes-Benz, with growth of 1.3% to a total of 2,339,562units delivered worldwide. At the same time, Mercedes-Benz maintained its leading position among the luxury car brands for the fourth year.....

January 15, 2020 No Responses

Kia Unveils $25b Expansion Agenda

South Korean carmaker, Kia Motors on Tuesday announced plans to invest $25 billion in new electric vehicles and business diversification worldwide in the next six years. Kia is also adding its K5 sedan and Sorento SUV to the existing electric...

January 12, 2020 No Responses

2019: Kia Delivers More Vehicles In US Market

Kia Motors, United States Of America (USA) sold 615.338 units in 2019, up 4.4-percent over last year. In terms of sales, the year 2019 was the carmaker’s third-best year since entering the US-market. In December, the company announced an 8%...

January 11, 2020 No Responses

BMW Delivers 2.5m Vehicles In 2019

BMW said it sold 2.52 million BMW, Mini and Rolls-Royce vehicles in 2019, making it the best-selling premium car group, ahead of rival Daimler . Daimler said on Thursday it had sold 2.34 million Mercedes-Benz passenger cars in 2019 for...

January 9, 2020 No Responses

Mercedes-Benz, Geely Float $780m Joint Venture

Mercedes-Benz has partnered with Geely, the owner of Volvo to form a joint venture company identified as Smart Automobile Company that will produce electric vehicles from 2022. According to Agency Reports, Both companies will invest $388.77 m...

January 8, 2020 No Responses

Rolls Royce Delivers 5,152 Cars In 2019, Highest In 116 Years

British luxury car manufacturer Rolls Royce sold 5,152 units of cars in 2019, up 25% from the previous year, when it retailed 4,107 units. The automaker in a statement explained that this was the highest sales in its 116-year history....

January 8, 2020 No Responses

Kia Appoints Tae-Jin Park As Executive Director, Chief Sales officer

South Korean car manufacturer Kia Motors on Tuesday announced the appointment of Tae-Jin Park as Executive Director & Chief Sales Officer for the India market. Park will be responsible for driving Kia Motors’ Sales, Marketing, Service and Network D...

January 6, 2020 No Responses

Daimler Recalls 744,000 Mercedes-Benz Vehicles

Citing faulty sunroof glass panel, German automaker, Daimler AG is to recall 744,000 Mercedes-Benz vehicles in the United States from the 2001 through 2011 model years The large recall covers more two dozen vehicles from C-Class, CLK-Class, CLS-Class and...