Auto Report Archives — Page 18 of 32

June 4, 2021 No Responses

Toyota Restructures, Expands Venture Fund

Toyota Motor Corporation is rebranding its corporate investment arm as Toyota Ventures and adding two early-stage funds, including one focused on investing in startups developing solutions for climate change and carbon neutrality.The Japanese automaker is beefing up its four-year-old investment arm, formerly known as ...

May 29, 2021 No Responses

Hyundai Targets One Million Electric Vehicles By 2025

Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs). According to Reuters report, the move will result in a 50% reduction in m...

May 24, 2021 No Responses

Ford CEO: Electric Vehicle Demand Will Transform Industry

A new electric version of Ford’s immensely popular F-150 pickup truck might just be the catalyst that hastens America’s transition from gasoline to battery-powered vehicles.Jim Farley, the company’s new CEO, calls the introduction of an elect...

May 23, 2021 No Responses

Nissan, Suzuki To Curtail Production In June

A global chip shortage is forcing Nissan Motor Co and Suzuki Motor Corp to temporarily halt production at some plants in June, sources with direct knowledge of the plans told Reuters.Nissan Motor Co will idle its factory in Kyushu, southern Japan, for th...

May 22, 2021 No Responses

Coscharis Unveils New Vehicle Finance Scheme

By citybusinessnews@yahoo.com — Coscharis Mobility Limited, a subsidiary of Coscharis Group has unveiled new vehicle finance scheme in partnership with Coscharis Motors. Unlike the conventional vehicle finance usually midwifed by b...

May 21, 2021 No Responses

South Africa Unveils Electric Vehicle Manufacturing Agenda

As part of measures to increase the country’s competitiveness in the global automotive market, the South African Government has launched a public consultation on how to boost domestic production of electric vehicles (EVs). Already, the Department o...

May 20, 2021 No Responses

All-New Kia K5 Settles In Nigeria, Displays Attributes

The K5 luxury sedan since its launch in Nigeria has continued to wow and creates head-turning experiences to people across the country. It’s wide acceptance and awe are a testament to Kia’s commitment to design, quality, and the ownership experience...

May 19, 2021 No Responses

Jaguar Land Rover Explains $1b Loss

Jaguar Land Rover’s (JLR) owner Tata Motors announced a surprise quarterly loss of more than $1bn (£700m). It came as the Indian company wrote off $2.05bn related to its revamp of the UK-based luxury car business. It also warned that...

May 15, 2021 No Responses

Hyundai, Kia To Suspend Plants

Hyundai Motor and its affiliate Kia said on Friday they will suspend some of their assembly lines for several days next week due to semiconductor shortages.Hyundai Motor plans to halt the No. 5 Ulsan plant, which produces the Tucson sport utility vehicle an...

May 14, 2021 No Responses

Hyundai To Invest $7.4b In Electric Cars, Expansion

South Korea’s Hyundai Motor Group said on Thursday it planned to invest $7.4 billion in the United States by 2025 to produce electric vehicles, upgrade production facilities and further its investment in smart mobility solutions.The announcement came b...

May 13, 2021 No Responses

Jaguar Land Rover’s Fourth Quarter Is ‘Good News’, Says CEO

Jaguar Land Rover’s (JLR) fourth-quarter results next week will be “good news” and the carmaker is open to doing more in partnership with other companies, including going further on an existing relationship with BMW, its boss said on Wednesda...

May 10, 2021 No Responses

University Dons Laud Coscharis Group On Assembly Plant

Foremost auto dealer, Coscharis Motors, a subsidiary of Coscharis Group has been commended for developing local contents in reference to the local assembly plant located in their group head office in Lagos. This commendation came up during the rece...

May 9, 2021 No Responses

India Tops Vehicle Imports Into South Africa

Between January and December 2020, India was the top country of origin for vehicle imports into South Africa despite COVID-19 lockdowns and overall declines in vehicle sales. The Automotive Export Manual report unveiled at the weekend by the Au...

May 7, 2021 No Responses

Renault Unveils New Logo

Renault on Thursday unveiled its new brand identity. The previous iteration was created in 1992 and was re-worked in 2015. According to Renault, its recently unveiled logo is more modern and vibrant, and it serves a key purpose: to portray the Renaul...