Ford Budgets $50b For Electric Vehicles In Three Years

Ford Budgets $50b For Electric Vehicles In Three Years

Ford Motor Company is to increase its electric vehicle (EV) investment to $50 billion through 2026, up from the previous $30 billion investment till 2025.The automaker aims to produce more than 2 million electric vehicles annually by 2026, representing about one-third of Ford’s global volume,...
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Toyota Delivers 239,723 Units In Thai, Targets 284,000 In 2022 

Toyota Delivers 239,723 Units In Thai, Targets 284,000 In 2022 

The Thai unit of Toyota Motor Corporation expects its car sales in the Southeast Asian country to rise 18.5% to 284,000 vehicles this year.  Reuters report that Toyota, which commands about a third of the Thai vehicle market, recorded sales...
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Toyota Quarterly Profit Beats Estimates 

Toyota Quarterly Profit Beats Estimates 

Toyota has declared a forecast-beating net profit of $6.8 billion for the three months to December, even as a global chip crunch and a pandemic-driven parts shortage forced production cuts.AFP report that the Japanese auto giant, which kept its crown as...
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Hyundai Delivers 44,022 Units In January

Hyundai Delivers 44,022 Units In January

Hyundai Motor India Ltd (HMIL), on Wednesday, reported a decline of 15.35% in its domestic sales to 44,022 units in January 2022. The company had sold 52,005 units in January 2021. Hyundai Motor India  exported 9,405 units in January 2022, ...
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2021:Toyota Widens Lead On Volkswagen, Records 10.5m Sales

2021:Toyota Widens Lead On Volkswagen, Records 10.5m Sales

Japan’s Toyota Motor Corporation said on Friday its vehicle sales rose by 10.1% last year, making it the world’s biggest carmaker for a second straight year and putting it further ahead of its nearest rival, Germany’s Volkswagen. The carmaker...
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Hyundai Creta Tops SUV Exports

Hyundai Creta Tops SUV Exports

Hyundai Motor India exported 32,799 units of the Creta SUV in 2021, making it the most exported SUV in India and registering a growth of 26.17 percent.     In total, Hyundai Motor India Limited exported 42,238 SUVs. Hyundai exported 25,995 ...
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Toyota Targets One Million Cars In March

Toyota Targets One Million Cars In March

Foremost auto firm, Toyota Motor Corporation will build 700,000 vehicles globally in February, up 10% on the year, but will still need to make a million more in March in order to reach an annual production target of 9 million, the...
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Porsche Delivers 301,915 Vehicles In 2021

Porsche Delivers 301,915 Vehicles In 2021

Between January and December 2021, Porsche delivered a record 301,915 vehicles to customers worldwide, 11 percent more than 2020.  A statement issued by the German luxury sports car manufacturer, quoted a member of the Executive Board responsible for sale...
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2021: Hyundai Group Delivers 1.49m Units In US

2021: Hyundai Group Delivers 1.49m Units In US

Between January and December 2021, Hyundai Motor Group, Hyundai, Kia, and Genesis sold a total of 1,489,118 units of vehicles in the United States market  Hyundai Motor sold 738,081 units in the US market last year, up 19 per cent...
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2021: Toyota Overtakes GM To Lead US Auto Sales

2021: Toyota Overtakes GM To Lead US Auto Sales

Japanese carmaker Toyota led US automobile sales in 2021, overtaking General Motors for the first time as a shortage of semiconductors roils the car industry.  Toyota sold 2.332 million vehicles in the United States in 2021, compared w...
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Hyundai Records 3.89m Global Sales In 2021

Hyundai Records 3.89m Global Sales In 2021

Between January and December 2021, South Korea’s Hyundai Motor Company attained global sales of 3.89 million vehicles, just short of its target of 4 million vehicles.   In a statemen t on Monday, the South Korean automaker also set its 202...
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Hyundai Raises Global EV Sales Target To 1.7m

Hyundai Raises Global EV Sales Target To 1.7m

Hyundai Motor Group has raised its global Electric Vehicle (EV) sales target for 2026 to 1.7 million units from 1 million units.   Hyundai Motor CEO Chang Jae-hoon made the remark in an interview with Automotive News published on Tuesday, s...
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Toyota Nigeria Unveils New Corolla

Toyota Nigeria Unveils New Corolla

By ebosele@hotmail.com  —  Toyota Nigeria Limited (TNL) has unveiled new Corolla sedan for the nation’s market.   The new Corolla was the only new vehicle (model) unveiled at the just concluded 2021 Abuja auto fair.  Toyota N...
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Daimler To Sell Entire $364m Stake In Renault

Daimler To Sell Entire $364m Stake In Renault

Daimler plans to dispose of its stake in Renault, the next step in dissolving equity ties forged over a decade ago to cement a three-way partnership between the German automaker, Renault and Nissan. Automotive News report that the maker of...
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