Auto – Page 31 – City Business News

June 6, 2019 No Responses

Fiat Chrysler Withdraws Bid For Renault

Fiat Chrysler has withdrawn its merger proposal for French carmaker Renault, the Italian-American firm has said. The announcement followed a failed attempt by Renault board members to reach a decision on the offer. Renault said it had been unable to...

May 27, 2019 No Responses

Fiat Chrysler Begins Merger Talks With Renault

Italian carmaker, Fiat Chrysler on Monday confirmed that it has commenced has made a “transformative merger” talk with French peer Renault, in adeal which would create a world leader and help address some of the weaknesses in both Renault...

May 27, 2019 No Responses

New Hyundai Venue Gets 17,000 Bookings In 24 Days

South Korean carmaker Hyundai Motors India Limited (HMIL) have received over 17,000 bookings while over 80,000 customers have indicated interest to purchase.the new Hyundai Venue The carmaker claims that it has recorded highest ever footfall across many ...

May 23, 2019 No Responses

Land Rover Discovery Sport Gets Fresh Update

Land Rover has given its Discovery Sport a thorough update for the 2020 model year. Scheduled to arrive showrooms before the end of this year, the 2020 Discovery Sport’s virtually all-new under the skin, as the current model’s aging D8....

May 10, 2019 No Responses

Mercedes-Benz Sales Hit 742,809 Units In Four Months

For the Month of April 2019, Mercedes-Benz delivered not less than 181,936 cars and a total of 742,809 in the first four months of the year. According to the company, the ongoing sales success of the new A-Class resulted in worldwide growth...

May 10, 2019 No Responses

Coscharis Photo News

L – R: Ifeanyi Agwu, Managing Director, BKG Exhibitions Ltd; Adetunji Oyebanji, Managing Director 11 Plc; Susan Bisong Taiwo, Deputy Director, National Automotive Design and Development Council, NADDC; Abiona Babarinde, General Manager, Marketing and Corpo...

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 a...

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...