Auto Report – Page 15 – City Business News

August 8, 2021 No Responses

Hyundai Nigeria Seeks Subsidy On Locally Assembled Electric Vehicles

Stallion Hyundai Motors Nigeria has appealed to the Federal Government to approve subsidy for locally assembled Electric Vehicles. Speaking at the just concluded 2021 Nigeria Auto Journalists Association (NAJA) training workshop, Hyundai Nigeria’s Head, Sales and Marketing, Mr. Gaurav Vashisht, said: “For the price.....

August 5, 2021 No Responses

Coscharis Motors Unveils New Jaguar F-Pace

By Moses Ebosele, ebosele@hotmail.com — Photo Caption: R-L: Jaguar Land Rover General Manager (Sales, Coscharis Motors), Ufuoma Umukoro, Group General Manager, Marketing & Corporate Communicat...

August 4, 2021 No Responses

Mercedes-Benz Rolls Out New S-Class S680 Guard

Mercedes-Benz has unveiled the new S-Class S680 Guard, the armoured version of its S-Class range with VPAM VR10 certification–the highest level of protection granted for civil vehicles. According to Daimler, the technology used for the...

August 4, 2021 No Responses

BMW Declares $5.7b Profit In Q2

BMW on Tuesday disclosed that it attained $5.7billion net profit in the second quarter. The company explained that it benefited from strong pricing during the quarter and a predominance of more-profitable vehicles in its sales mix. It reaped ...

August 2, 2021 No Responses

With $40k Price Tag,1st All-Electric Kia Sedan Debuts

Kia, South Korea’s auto firm on Monday launched an all-electric EV6 sedan in the domestic market ahead of its overseas launches later this year.The EV6 is Kia’s first model embedded with Hyundai Motor Group’s own EV-only electr...

August 2, 2021 No Responses

Volkswagen Records $13.5 b Profit In Half-Year Performance

Volkswagen has raised its profit margin target for the second time in less than three months, pointing to record earnings in the first six months of 2021 that came in above pre-pandemic levels.The company said it now expected an operating return on...

July 30, 2021 No Responses

Nigeria Incorporates Electric Vehicles In Revised Auto Plan

By Moses Ebosele, ebosele@hotmail.com – The Nigerian Government is incorporating Electric Vehicles (EVs) into its National Automotive Industry Development Plan (NAIDP). Addressing participants on Thursday at forum put together by the Nigeria Autom...

July 28, 2021 No Responses

Hyundai Opens New Corporate HQ

Hyundai Motor India (HMI), which is celebrating its silver jubilee in India on Tuesday, July 27, 2021, inaugurated its new corporate headquarters in Gurgaon.The new 10-storied headquarter in Gurgaon, which is Delhi-NCR’s IT belt, is a greenfield pro...

July 27, 2021 No Responses

NADDC, FRSC, Coscharis, Weststar, TNL, Others Back 2021 NAJA Workshop

All is now set for this year’s edition of the Nigeria Auto Journalists Association (NAJA) Training/Capacity Building programme scheduled for Thursday, July 29, 2021 inside the training hall of Golden Tulip Hotel, along the Murtala Muhammed International Airp...

July 26, 2021 No Responses

Ford Escape Explains Special Discounts, Renews Commitment In Nigeria

One of the exciting take homes from the recently held Lagos Motor Fair was the announcement by Coscharis Motors Plc, Ford brand’s sole authorised dealer in Nigeria, of the nearly Two Million Naira discount on one of Ford’s vehicle name...

July 24, 2021 No Responses

Toyota Unveils New Aqua Electric Car

Toyota Motor Corporation has launched its new Aqua hybrid electric compact car redesigned to realize its mission to ‘introduce sustainable vehicles practically’ and to contribute to carbon neutrality, the company said in a release.The n...

July 23, 2021 No Responses

Toyota, Suzuki, Daihatsu Explore Electric Vehicle Venture

Suzuki Motor Corporation and Daihatsu are joining a commercial electric vehicle coalition led by Toyota Motor Corporation, the carmakers announced on Wednesday, helping the Japanese alliance expand its focus from trucks to smaller cars.The two automakers ...

July 23, 2021 No Responses

Daimler Reports $4.3b Quarterly Profit

Germany – German auto maker Daimler reaped strong profits in the second quarter as demand for its Mercedes luxury cars continued to rebound from the depths of the pandemic, generating cash that the company can invest in its shift to electric vehicles....

July 22, 2021 No Responses

Kia, Hyundai To Develop Alkaline Water Electrolysis System

Kia Corporation and Hyundai Motor Company have signed a memorandum of understanding with Next Hydrogen Corporation, a Canadian company specialising in water electrolysis technology to bolster their efforts to usher in a global hydrogen...