Auto Archives — Page 21 of 54 — City Business News

August 5, 2019 No Responses

Renault May Cut Stake In Nissan

Renault and Nissan Motor Co. have held talks that would see Renault reduce its stake in the Japanese carmaker and help the French company restart merger discussions with Fiat Chrysler Automobiles, The Wall Street Journal reported.The sides are weighing plans...

August 4, 2019 No Responses

Suzuki Cuts Workforce As Sales Sink

Maruti Suzuki India Ltd, has cut the number of workers it employs on temporary contracts following a plunge in vehicle sales, it told Reuters.The auto industry, which accounts for nearly half of India’s manufacturing output, is going through one of...

July 30, 2019 No Responses

Uganda Unveils New Vehicle Production, Targets 5,000 Units

Uganda is aiming to start assembling new vehicles by June 2022, with an initial production capacity of 5,000 units per year, a top official of the state-owned Kiira Motors Corporation (KMC) told Reuters on Monday. The East African country joins...

July 29, 2019 No Responses

Expert Implores FG On Auto Policy, N2.5t Investments

By Moses Ebosele, ebosele@hotmail.com — Inability to secure presidential assent for Nigeria’s automotive policy is a direct threat to over N2.5trillion private sector investments, an automotive communication consultant, Dr Oscar Odiboh has said. ...

July 27, 2019 No Responses

Michelin Records Eight Per Cent Decline In Net Income

Michelin’s firm pricing and cost-cutting lifted first-half revenue and operating earnings, the French tyre maker has said. However, the explained that profitability suffered from shrinking vehicle production. Net income fell 8% to 844 million euros ($940...

July 27, 2019 No Responses

Kia To Roll Out Seltos SUV July 31

South Korean auto major, Kia Motors is all set to roll out its first made in India mid-SUV, Kia Seltos, from its plant located in Anantapur in Andhra Pradesh on July 31. “Kia Motors will roll out the first car...

July 24, 2019 No Responses

Mercedes-Benz Secures Approval For Driverless Parking

Bosch and Daimler have reached a milestone on the way to automated driving: the two companies have now obtained approval from the relevant authorities in Baden-Württemberg for their automated parking system in the Mercedes-Benz Museum parking garage in Stuttg...

July 23, 2019 No Responses

BMW Delivers 12,52,837 Units In Six Months

BMW Group has posted its best-ever first half of the year sales with 12,52,837 units sold between January-June 2019, marking 0.8% growth compared to the same period last year, says the German company in a release. This success bucks the...

July 19, 2019 No Responses

BMW Names New CEO

BMW has named its top production manager, Oliver Zipse, as CEO to lead the luxury automaker through a shift to new ways of doing business such as electric vehicles and offering cars on a per-use basis.The company said Thursday that...

July 17, 2019 No Responses

VW Declares 974,400 Sales In June

Volkswagen Group in June 2019 recorded 1.6 per cent increase in its global sales, amounting to 974,400 units. The company explained that the number is mostly driven by 15 per cent growth in the Chinese market, where the Volkswagen Group...

July 15, 2019 No Responses

Experts Raise Concerns Over Brake, Tyre Emissions

With the environmental pollution reaching alarming levels, the UKgovernment’s Air Quality Expert Group (AQEG) identified emission from tyres and brakes as a prime contributor to the declining air quality. It mentioned that emissions from car brakes and t...

July 14, 2019 No Responses

Volkswagen To Invest $1.12b In Battery Production Plant

Volkswagen AG says it is investing 1 billion euros ($1.12 billion) to set up a battery production plant in Germany. Chief executive Herbert Diess said Tuesday that the factory is part of the company’s effort to electrify its vehicles. He...

July 13, 2019 No Responses

Mercedes-Benz Delivers 1.2m Cars In Six Months

After the first six months of the year, Mercedes-Benz continues to be the leader among the premium car brands in a highly competitive environment worldwide, despite ongoing model changes. From January to June, 1,134,729 cars were handed over to customers...

July 12, 2019 No Responses

DFM Debuts In Nigeria, Partners Dana Motors

By Moses Ebosele, ebosele@hotmail.com – DongFeng Motor Corporation (DFM) has commenced business activities in Nigeria in collaboration with Dana Motors. Under the arrangement, products from DFM stable such as Pick-Ups, Sports Utility Vehicles...