Auto Archives — Page 13 of 53 — City Business News

April 25, 2020 No Responses

Mitsubishi Motors Predicts Losses, Drop In Sales

Japanese automaker, Mitsubishi Motors Corporation on Friday predicted 26 billion yen ($240 million) in losses for the fiscal year through next March, as sales plunge because of the coronavirus pandemic. Tokyo-based Mitsubishi, allied with Nissan Motor Company ...

April 23, 2020 No Responses

Top Gear Names Kona Electric Best Small Family Car

Kona Electric has been acknowledged as the Best Small Family Car in the inaugural TopGear Electric Awards, after it completed a 1,600-kilometers road trip across 9 European countries. A statement explained that Hyundai Motor’s fully electric SUV was no...

April 21, 2020 No Responses

Auto Journalists Mourns Anumudu, Globe Motors Chairman

The Nigeria Auto Journalists Association (NAJA) has received with shock, the news of the death of William Anumudu, Chairman/CEO of Globe Motors Holdings Limited, one of the biggest automobile franchise owners including Mercedes, Toyota, Hyundai and the Higer b...

April 21, 2020 No Responses

Bridgestone To Suspend Operations In Eleven Plants

Japanese tyremaker, Bridgestone Corp is to suspend operations at its 11 domestic plants, including 8 tyre factories, from late April to early May to cope with dwindling demand due to the coronavirus pandemic.The world’s biggest tyrem...

April 20, 2020 No Responses

Cross River Test-Runs Cable-Car

In a bid to revive the Obudu Ranch Resort, the Government of Cross River has carried out repairs and maintenance of the cable-car at the resort. Mr Bobby Ekpeyong, the Special Adviser to the Governor on Obudu Ranch Resort, during...

April 18, 2020 No Responses

Ford Declares $2b Loss, Drop In Q1 Sales

Ford Motor Co on Friday estimated first-quarter loss of $2 billion and said it would tap debt markets to shore up its cash reserves as the coronavirus outbreak halted production and pummeled vehicles sales. According to Agency Reports, the number...

April 16, 2020 No Responses

Volkswagen Cuts 2020 Forecast As Turnover Drop By $60b In Q1

Germany’s Volkswagen (VW) on Thursday said it would not meet its 2020 forecasts, after the group saw turnover fall to 55 billion euros (or 60 billion dollars) in the first quarter, down from 60 billion euros a year ago. According...

April 9, 2020 No Responses

Kia Extends Vehicle Warranties Worldwide

Kia Motors Corporation on Thursday announced the launch of the ‘Kia Promise’, a global warranty extension program for its vehicles.The Kia Promise is designed to support Kia customers whose movements may be limited because of the COVID-19 pandemic.A statem...

April 9, 2020 No Responses

Hyundai Motor Extends Warranties For Vehicles Worldwide

Hyundai Motor Company has launched Hyundai C A R E, a warranty extension policy for its vehicles worldwide. The program aims to support Hyundai customers who may face difficulties in getting vehicle maintenance due to restricted access to service centers...

April 3, 2020 No Responses

COVID-19: Stallion Group To supply Free Rice, Fish To Government-Run Hospitals

Stallion Empowerment Initiative, the philanthropic arm of foremost conglomerate, Stallion Group, has pledged its support to Nigeria by committing to provide locally produced rice and fish to all the government-run hospitals dedicated to Coronavirus Disease for...

March 31, 2020 No Responses

Auto Sector Faces Biggest Crisis In 13 Years

The automotive sector is facing its biggest challenge since the 2007-2009 financial crisis with 97% of light vehicle (LV) manufacturing plants in Europe and North America temporarily shut down.Already, key players in the sector are negotiating financial life l...

March 24, 2020 No Responses

Covid-19: Toyota Employee Tests Positive

Toyota Motor Corporation has confirmed that one of its employee in his 20’s working as a line worker at the company’s Takaoka plant, based in Aichi prefecture, Japan has been found infected with Covid-19. In a statement, the company explained...

March 23, 2020 No Responses

EU Auto Industry Faces Crisis

The effect of the coronavirus on society and the global economy is unprecedented, with grave consequences for the automobile industry. Indeed, most of the members of the European Automobile Manufacturers’ Association (ACEA) have already announced temporary c...