Auto Archives — Page 11 of 53 — City Business News

August 5, 2020 No Responses

Mitsubishi To Begin Car Production In Myanmar

Mitsubishi Motors is considering building vehicles in Myanmar, as the Japanese automaker deepens its commitment to Southeast Asia. The Japanese automaker already has a production base in Vietnam, as well as in Thailand, Indonesia and the Philippines. Another Vietnamese plant...

August 5, 2020 No Responses

Ford Motor’s CEO Steps Down

The Chief Executive Officer of Ford Motor Company, Jim Hackett, is stepping down on October 1 after three years at the helm. In a statement on Tuesday, the American multinational automaker said Hackett would be succeeded by Jim Farley, its...

July 29, 2020 No Responses

Jaguar Land Rover Appoints Thierry Bollore New CEO

Chairman of Tata Sons, Tata Motors and Jaguar Land Rover plc, N Chandrasekaran, has announced Thierry Bolloré as the new Chief Executive Officer of Jaguar Land Rover, effective 10 September 2020.Bolloré succeeds Prof Sir Ralf Speth, who will take up...

July 24, 2020 No Responses

BMW Rolls Out $77,000 Electric SUV

BMW AG has unveiled its own electric sports utility vehicle to take on the likes of Tesla Inc.’s Model Y and Daimler AG’s Mercedes-Benz EQC.The Munich-based company unveiled the iX3, a variant of the mid-size X3 and its first battery-powered SUV,...

July 17, 2020 No Responses

European New Car Sales Down 24.1%

European passenger car sales slumped in June compared to a year ago but showed an improvement since May with the easing of coronavirus lockdown measures across the region, industry data showed on Thursday.In June, new car registrations dropped by 24.1% year-...

July 16, 2020 No Responses

Volkswagen To Revamp Facility

Volkswagen AG and its Chinese joint venture partner SAIC Motor plan to invest 4.13 billion yuan ($590 million) to revamp their car plants in Shanghai to make new Audi sedans, according to a government document seen by Reuters.SAIC Volkswagen, the joint v...

July 15, 2020 No Responses

Volkswagen Shifts Software Development Centre To Audi

Volkswagen will shift leadership for software development to the company’s premium Audi division in Ingolstadt, Bavaria, Herbert Diess, chief executive of the multi-brand group has said.“The centre of gravity for software development will move ...

July 15, 2020 No Responses

Toyota, Ford, Others Recall 13 million Vehicles Worldwide

Between January 1st and July 13, 2020 Auto Manufacturers recalled not less than 13,362,759 million vehicles worldwide. Data obtained from foremost research firm, Finbold indicates that the recalls are mainly due to safety concerns. According to the repor...

July 6, 2020 No Responses

Mercedes-Benz Recalls 660,000 Vehicles

Mercedes-Benz will recall more than 660,000 vehicles in China later this year for a possible oil leak.A seal between a high-pressure fuel pump and a low-pressure fuel pipe could weaken over time, allowing oil to leak when the engine starts in...

June 26, 2020 No Responses

Nigeria Issues Red Alert On Substandard Toyota Engine Oil

The Standards Organisation of Nigeria (SON) has raised a red alert on the discovery of suspected substandard Toyota brand of engine oil in the Nigerian market. In a statement on Friday, SON Director-General, Osita Aboloma, explained that the suspected substand...

June 25, 2020 No Responses

Toyota Explains $293m Stake In Uber

Toyota Motor Corp holds a $293 million stake in Uber Technologies, as it partners with the ride-hailing company to further expand into new mobility services, Toyota’s latest corporate governance report has revealed.The Japanese automaker has al...

June 17, 2020 No Responses

Jaguar Land Rover Records Surprise Sales Surge

Jaguar Land Rover said it’s seeing the beginnings of a demand rebound in China as the world’s second-largest economy opens up after months of inactivity following the coronavirus outbreak.While JLR lost 501 million pounds ($630 million) before tax in ...

June 11, 2020 No Responses

Ford Recalls 2.5m Vehicles

Ford is recalling about 2.5 million vehicles in the U.S., Canada and elsewhere because of a nagging door latch problem and a brake fluid leak.The door latch recall covers more than 2.1 million cars, SUVs and vans in the U.S. The...

June 5, 2020 No Responses

SHACMAN Nigeria Boosts Product Range With Fire Trucks

SHACMAN Nigeria has introduced two models of fire trucks to its range of trucks.In a statement sent to City Business News (www.citybusinessnews.com) on Friday, the company explained that the two new fire trucks as SHACMAN ...