Auto Report – Page 4 – City Business News

October 20, 2022 No Responses

Geely Acquires 7.60 Per Cent Stake In Aston Martin Lagonda

Zhejiang Geely Holding Group (Geely Holding), China’s largest privately-owned automotive technology group, has acquired a shareholding in Aston Martin Lagonda Global Holdings plc, representing 7.60% of the ordinary share capital of the ultra-luxury British performance brand. Daniel Donghui Li, Geely...

October 8, 2022 No Responses

NADDC, Korean Firms To Produce Electric Vehicles In Nigeria

The National Automotive Design and Development Council (NADDC) has sealed partnerships with some Korean companies to produce more Electric Vehicles in Nigeria. A statement from the council on Friday explained that Jelani Aliyu, its Director-General, disclose...

October 5, 2022 No Responses

At Seoul Exhibition, Kia To Host Design Philosophy

Kia is hosting a ‘Kia Design Philosophy Exhibition’ in cooperation with the Seoul Design Foundation in October, with the intention of further communicating the principles behind the brand’s ‘Opposites United’ design philosophy through video, audio, a...

September 25, 2022 No Responses

Coscharis Motors Assembly Plant Wins Award

It was another brilliant outing for one of the leading auto giant in Nigeria, Coscahris Motors Plc through its local assembly arm of the business, Coscharis Assembly Plant as it carted home the award of the Outstanding Auto Assembling Company...

September 24, 2022 No Responses

Auto Journalists Congratulate Kemi Koyejo At 60

A cross-section of automobile Journalists in Nigeria has congratulated General Manager, Mandilas Mobility Division, Kemi Koyejo, who attained the age of 60 on Friday, September 23, 2022. In a tribute titled: “Best Wishes To A Media Friendly-Corpo...

September 20, 2022 No Responses

Hyundai, IVECO Present First Fuel Cell Large Van

Hyundai Motor Company and Iveco Group on Monday at IAA Transportation 2022 in Hannover unveiled the first IVECO eDAILY Fuel Cell Electric Vehicle. Hyundai and Iveco Group have ambitious sustainability goals, as demonstrated by their individual...

September 16, 2022 No Responses

Weststar Associates Appoints Plath CEO, Ojulari MD

The Board of Weststar Associates Limited, Nigeria’s Authorized General Distributor for Mercedes-Benz, has appointed Mirko Plath as Chief Executive Officer (CEO) and Mrs Mary Aderinola Ojulari as Managing Director. Until his appointment as CE...

September 12, 2022 No Responses

Hyundai Motor Delivers 334,794 Units In August

By Moses Ebosele, ebosele@hotmail.com — For the month of August, 2022, Hyundai Motor Company recorded global sales of 334,794 units, an increase of 11.6 per cent when compared with the same period last year. According to the company, in markets ou...

September 7, 2022 No Responses

Jelani Canvasses Support For Auto Policy

Director-General, National Automotive Design and Development Council (NADDC), Jelani Aliyu has said the auto policy is working. Aliyu, who was a guest of the Nigeria Television Authority (NTA) during the network news on Saturday said: It...

August 31, 2022 No Responses

Geely Secures $400m To Accelerate Green Transformation

Geely Automobile Holdings has become the first Chinese automaker to secure an overseas sustainable club loan. Information obtained by City Business News on Tuesday explained that the three-year $400 million facility will be used to support Geely Au...

August 29, 2022 No Responses

Hyundai, Kia Sign Patent License Agreement With Avanci

Avanci has signed patent license agreements with Hyundai Motor Company and Kia Corporation, increasing the total number of automotive brands licensed through Avanci to 45. Connected vehicles from the Genesis, Hyundai and Kia brands receive licenses...

August 16, 2022 No Responses

Hyundai Ranks Third In Global Vehicle Sales In 2022 First Half

South Korea’s Hyundai Motor Group on Monday said it positioned third in the first half of global vehicle deals on increased top-of-the-line model deals notwithstanding the absence of semiconductor chips. Hyundai Motor, its independent Genesis brand and ...

August 11, 2022 No Responses

Coscharis Motors Renews Excellent Service, Value For Money Commitment

Rising from a two-day strategy retreat session, the top management team of one of the leading auto players, Coscharis Motors Plc has resolved to further deliver value for money to their numerous stakeholders in all ramifications of their customer engagement......

August 8, 2022 No Responses

Geely Marks 11th Year On Fortune Global 500

Geely Holding Group has been listed in the 2022 Fortune Global 500 for the 11th consecutive year with a ranking of 229th after its last year’s revenues reached $55.86 billion. Since first entering the Fortune Global 500 in 2012, Geely...