Auto Archives — Page 24 of 53 — City Business News

December 7, 2018 No Responses

New Mercedes-Benz G-Class Arrives In Nigeria

Weststar Associates Limited, authorized general distributor of Mercedes-Benz has welcomed the new and iconic G-Class Sports Utility Vehicle (SUV) to Nigeria. The new G-Class is now one of the most in demand passenger cars of 2018 due to improved...

December 1, 2018 No Responses

New Kia Soul Debuts

All-new Kia Soul has made its debut at the 2018 Los Angeles Auto Show: a completely new, yet familiar, version of Kia’s beloved and award-winning urban crossover. Taking everything that popularized the company’s quirky, unconventionally styled urban cross...

November 29, 2018 No Responses

New Mercedes-Benz A-Class Debuts In Nigeria

Displaying youthful and dynamic features, new Mercedes-Benz A-Class is now in Nigeria courtesy Weststar Associates Limited; authorized general distributors of Mercedes-Benz. Since its world premiere in March 2018, the new A-Class has solidified its position ...

November 27, 2018 No Responses

GM To Sack 14,000 Workers, Close Eight Plants

Citing rising costs and drop in car sales, General Motors (GM) has concluded plans to halt production at five factories and cut more than 14,000 jobs. The US carmaker has also announced it will close three plants outside North America...

November 25, 2018 No Responses

Emissions: Range Rover Evoque Gets Hybrid Technology

Land Rover is to add fuel-saving plug-in and mild hybrid power trains to the new-generation Range Rover Evoque recently unveiled. The Evoque has been a success since it was introduced in 2010 with just over 772,096 units built to date....

November 23, 2018 No Responses

Nissan Sacks Chairman Over Alleged Financial Misconduct

Carlos Ghosn has been ousted after nearly two decades at the helm of Japanese carmaker Nissan, following allegations of financial misconduct. BBC reports that he has been accused by Nissan of under-reporting his salary and using company assets for personal...

November 21, 2018 No Responses

Renault Names Thierry Bolloré Interim Chief Executive

Renault has appointed a temporary deputy chief executive to take over the running of the French car firm following the arrest of Carlos Ghosn. Renault said its chief operating officer, Thierry Bolloré, would step up to the role because Mr...

November 20, 2018 No Responses

Nissan Boss Arrested Over Alleged Corruption

The shares of Nissan on Monday slumped by six per cent in Tokyo trade after the arrest of the firm’s chairman, Carlos Ghosn. According to Japanese prosecutors, Ghosn under-reported his income by 5billion yen ($44.4m; £34.5m) over five years. He....

November 14, 2018 No Responses

Ashok Leyland MD Resigns, Shares Down By Eight Per Cent

Citing personal reasons, the Managing Director and Chief Executive Officer of commercial vehicle manufacturer, Ashok Leyland, Vinod K. Dasari has resigned. The resignation which takes effect March 31, 2019, was announced on Wednesday. He will be suceeded by ...

November 14, 2018 No Responses

Hyundai Targets 700 New Jobs With Expansion

Hyundai Motor India Limited (HMIL) has concluded plans to increase its passenger vehicle production capacity to eight lakh units from seven lakh at its Sriperumbudur factory, near Chennai. According to Hyundai, the proposed capacity expansion is expected to ...

November 13, 2018 No Responses

Coscharis Motors Flags-Off ‘Unbeatable Offers’ For BMW, Ford

As 2018 business year runs to a close, Coscharis Motors has lined up unbeatable offers for two of its major brands. The offers are intended for BMW and Ford loyal customers together with new prospects that are potential brand converts...

November 12, 2018 No Responses

Brazil Approves Tax Holiday For Ford, Others

Brazil‘s President Michel Temer has signed into law hundreds of millions of dollars in incentives for automakers such as General Motors Company and Volkswagen to produce locally and continue developing engines that run on both gasoline and ethanol. ...

November 9, 2018 No Responses

Mercedes-Benz Records 1.9m Unit Sales In 10 Months

Mercedes-Benz started the fourth quarter with a new record in unit sales. Worldwide, the brand with the three-pointed star delivered 190,021 vehicles, surpassing the previous best October unit sales from last year by 3.9%. In the first ten months of...

November 7, 2018 No Responses

Toyota Declares $5.09b Profit, 2.68m Sales In Second Quarter

Toyota Motor Corporation’s operating profit increased by 11 percent in the latest quarter as the automaker tapped growing demand for light trucks. Operating profit rose to 579.1 billion yen ($5.09 billion) in the automaker’s fiscal second quarter...