Auto – Page 19 – City Business News

May 11, 2020 No Responses

Mazda Seeks $2.8b Loans

Mazda Motor Corporation has sought loans totalling about 300 billion yen ($2.8 billion) from Japan’s three megabanks and other lenders to ride out the coronavirus epidemic, a source with direct knowledge of the matter said on Saturday.The megabanks – Mitsubishi UFJ...

May 5, 2020 No Responses

Tribute To Willie Anumudu

By Senator Victor Ndoma-Egba I first met Willie, whom we fondly called Pa Willie, through my late friend Dr. Ime Umana ( Imesco) in the mid 1980,s. He and Ime were partners in a new BMW franchise with offices in...

May 5, 2020 No Responses

Nissan To Focus On US, Japan, China

Nissan Motor Co Ltd will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker. According to Reuters, the “operational performance plan&#...

May 1, 2020 No Responses

Skoda Begins Online Booking For Entire Product Portfolio

Skoda Auto has announced that it will provide online booking platform for its entire product line-up in India.According to Skoda, the venture is supported by a robust consultation programme and integrates over 80 dealership touchpoints of the Czech ...

April 27, 2020 No Responses

Toyota Predicts Huge Sales For New Yaris SUV Cross

Despite several challenges confronting automobile sales and marketing due to the Coronavirus pandemic, Toyota Motor Corporation has predicted huge sales for the new Toyota Yaris Sports Utility Vehicle (SUV) Cross. Indeed, the kind of digital o...

April 27, 2020 No Responses

Auto Firms Head For Zero Sales In April

Automobile firms in most parts of the world including Nigeria are heading for zero sales as the Month of April, 2020 drives to an end. Toyota South Africa Senior Vice President incharge of sales and marketing, Leon Theron had last...

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...