Auto – Page 24 – City Business News

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...

March 21, 2020 No Responses

Japanese Automakers Close More Plants In Europe

Japanese automakers to temporarily close more vehicle plants in Europe and Asia as the spread of the coronavirus prompts countries to instruct non-essential businesses to suspend operations. A growing number of global automakers have been shuttering plants in ...

March 20, 2020 No Responses

Electric Cars: NADDC Lauds Stallion Motors-Hyundai Initiative

By Moses Ebosele, ebosele@hotmail.com The Director General, National Automotive Design and Development Council (NADDC), Jelani Aliyu,MFR, has commended resolve by the management of Stallion Motors-Hyundai to introduce electric cars in Nigeria before the e...

March 20, 2020 No Responses

Stallion Motors – Hyundai To Unveil Nigeria’s first Electrical Car

By Moses Ebosele, ebosele@hotmail.com — Nigeria is set to join the rest of the World in embracing electric cars before the end of 2020 courtesy Stallion Motors, Nigeria’s leading auto assembler and franchisee of nine Global brands includ...

March 18, 2020 No Responses

New Kia Sorento Displays Strength, More Innovations

The new Kia Sorento was revealed for the first time on Wednesday. Powerful, progressive and versatile, the fourth generation of Kia Motors Corporation’s flagship SUV is designed and engineered to take on everything life throws at it. Raising standards i...

March 11, 2020 No Responses

BMW Rejigs Logo

The Bavarian Motor Works (BMW) has rejiged its logo to a more transparent variant essentially for brand communication. This logo update is the sixth version since its first introduction in 1917.A statement explained that while the rejig is more than...

March 9, 2020 No Responses

Nigeria Unveils $1b Locally-Assembled Vehicles

The Ministry of Industry, Trade and Investment in collaboration with the National Automotive Design and Development Council (NADDC) on Monday commissioned $1billion worth of locally-assembled vehicles.The vehicles are locally produced by 17 companies including...

March 3, 2020 No Responses

Toyota Explains $1.2b New Plant

Despite onging ravaging effect of Coronavirus, Japanese automaker Toyota plans to build a new electric vehicle plant in the Chinese city of Tianjin with its local partner FAW Group.The joint venture between Toyota and FAW plans to invest around 8.5...