Auto – Page 34 – City Business News

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 Dheeraj Hinduja who will...

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...

November 1, 2018 No Responses

GM Reports $2.5B Profit In Q3

Stronger-than-expected results in China and North America propelled General Motors to a 25 percent increase in pretax profit in the third quarter and net income of $2.5 billion. Meanwhile, Revenue increased 6.4 percent to $35.8 billion during the period. The...

October 25, 2018 No Responses

Nigerian Auto Journalists Award holds December 13

The Nigerian Auto Journalists Association (NAJA), a body of all Journalists reporting the Nigerian auto industry has fixed December 13, 2018 for its annual Awards. The annual event is designed to honour corporate organizations and individuals that have mad...

October 24, 2018 No Responses

Nigerians Spend $8B Annually On Importation Of Vehicles

Nigerians spent about 8 billion dollars annually on importation of vehicles, Vice President Yemi Osinbajo has said Osinbajo, who was represented by the Director-General, National Automotive Design and Development Council, Jelani Aliyu, disclosed this at th...

October 20, 2018 No Responses

Peugeot Confirms Agenda For Electrified Performance Cars

French automaker, Peugeot on Friday announced plans to launch a new range of high-performance plug-in hybrid vehicles starting from 2020. The cars form a key part of Peugeot’s overall strategy to transition to an electrified lineup, and will be develop...

October 20, 2018 No Responses

Rolls-Royce Appoints Johann Wolf As Director Of Manufacturing

Rolls-Royce Motor Cars has announced that Johann Wolf has been appointed as Director of Manufacturing, effective from 1 November 2018. According to Rolls-Royce, Wolf is an exceptionally experienced production expert, having spent over 40 years with the BMW Gr...

October 17, 2018 No Responses

All-New Mercedes Benz Actros, Arocs Explore New Dimension, Debuts In Nigeria

By citybusinessnews@yahoo.com – The All-New Mercedes-Benz Actros and Arocs was on Tuesday unveiled in Lagos, Nigeria at a colorful ceremony. The ceremony, put together by Weststar Associates, representative of Mercedes-Benz family in Nigeria had...

October 13, 2018 No Responses

Ford Proposes Future Without Traffic Lights

Communications technology identified as V2X is poised to change the way cars operate in the very near future. Numerous automakers are working on V2X systems, some of which are already available. Among those automakers is Ford which thinks the tech could.....

October 9, 2018 No Responses

Mercedes-Benz Delivers 202,819 Vehicles In September

For the Month of September, 2018, Mercedes-Benz sold 202,819 vehicles worldwide. In the third quarter of 2018, 526,255 vehicles with the three-pointed star were delivered to customers (-8.2%). With more than 200,000 units sold last month, sales in September...