Auto Archives — Page 22 of 53 — City Business News

May 10, 2019 No Responses

Coscharis Motors Unveils New Ford Everest

Coscharis Motors, sole distributor of Ford vehicles in Nigeria has unveiled new Everest XLT Range and Everest Limited Sports Utility Vehicle (SUV). Unveiled at the 2019 Lagos International Motor Fair, the new SUV boast of 2.2-litre Duratorq TDCi engine and...

May 9, 2019 No Responses

Toyota Posts $21.66b Profit, Delivers 10.6m vehicles

For the fiscal year ended March 31st, Toyota Motor Corporation has declared $21.66billion operating profit and 10.6million sales worldwide.However, according to the financial statement released on Wednesday, net income declined 25 percent to 1.88 trillion yen ...

May 3, 2019 No Responses

Jaguar Moves Land Rover Defender Production To Slovakia

British carmaker, Jaguar Land Rover (JLR) will move the assembly of its Land Rover Defender to its plant in Slovakia to make room for newer models at its factory in Britain, the company has said. The Defender 4X4, which is designed an...

April 27, 2019 No Responses

Peugeot Maker, PSA Group Explains Drop In Revenue

Peugeot maker, PSA Groupe has reported a 1.1 percent decline in revenue, as falling overseas sales outweighed pricing improvements in the first quarter. According to the Group, revenue fell to 17.98 billion euros ($20.05 billion) in January-Marc...

April 21, 2019 No Responses

Toyota, Firm Invest $1b In Uber

Japan’s top automaker Toyota, auto parts maker Denso and internet company SoftBank‘s investment fund are investing $1 billion in car-sharing Uber‘s technology unit. The Japanese companies said Friday that Toyota Motor...

April 20, 2019 No Responses

Easter: FRSC Boss Seeks Attitudinal Change

As Nigeria joins the rest of the world to observe this year’s E8aster celebration, the Corps Marshal of the Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi has called for deep reflection by Christian faithful on the need to show...

April 20, 2019 No Responses

Ford Ranger To Attain $1b Profit

Ford Motor Co’s shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official has said. According to the company, the proposed increase in earnings...

April 18, 2019 No Responses

New Ford Ranger Demonstrates Strength, Innovations

Ford has gone further in the ultra-competitive light commercial vehicle (LCV) segment with the launch of the New Ranger for 2019. The new Ranger was launched in Pretoria, South Africa, recently. Featuring an extensive range of mechanical, technological, featur...

April 9, 2019 No Responses

Nissan Shareholders Remove Ghosn From Board

Nissan shareholders have voted to oust the company’s former boss Carlos Ghosn from its board. The decision to sever ties with Mr Ghosn was made at a an extraordinary shareholders meeting held on Monday. Mr Ghosn was re-arrested in Tokyo...

March 29, 2019 No Responses

Tata Delivers 1.1m Vehicles In 2018

For the year 2018, Tata Motors sold 1.049 million units. Tata Motors has become the first Indian automaker to cross the one-million-sales mark, beating Chinese giants Changan and SAIC, to be the world’s 16th largest light vehicles company. Tata Motors s...

March 28, 2019 No Responses

Mercedes-Benz, Peugeot, Ford, Others To Adopt Mandatory Vehicle Speed Limiters

Speed limiting technology looks set to become mandatory for all vehicles sold in Europe from 2022, after new rules were provisionally agreed by the EU. Already, Mercedes-Benz, Ford, Peugeot-Citroen, Renault and Volvo have models available with some of th...

March 21, 2019 No Responses

Kia To Launch New Ceed crossover

From the very beginning of Ceed development 15 years ago, Kia has taken an open-minded approach to potential body styles. Many have been considered, and, in creating the new Ceed range, Kia’s European designers have been given the freedom to...

March 12, 2019 No Responses

Mercedes-Benz Delivers 152,690 vehicles In February

In the first two months of this year, Mercedes-Benz delivered 333,229 cars worldwide (-6.7%). In February, 152,690 vehicles with the three-pointed star were sold worldwide (-6.7%). The model changes in the highest-volume segments SUVs and compact cars had an i...

March 6, 2019 No Responses

NAJA To Hold Capacity Building Workshop

Nigerian Auto Journalists Association (NAJA) is to hold 2019 Capacity Building workshop before the second quarter of this year. The annual training workshop which is designed to boost human capacity for journalists reporting the automotive sector in the ...