Auto Archives — Page 37 of 53 — City Business News

November 4, 2017 No Responses

France cuts Renault stake to 15 percent

France is selling a 4.73 percent stake in carmaker Renault, a government investment agency has said, paring the holding back to the 15-percent level that had preceded a 2015 power struggle over voting rights. The APE state holding agency said...

October 31, 2017 No Responses

Hyundai begins 30-day free service in Nigeria

By citybusinessnews@yahoo.com – Hyundai Motors Nigeria Limited (HMNL) on Monday announced a comprehensive 30-day discounted service campaign, beginning from 01 November 2017 for owners and fleet managers of Hyundai cars including Hyundai Comme...

October 30, 2017 No Responses

Volkswagen records $5.01 billion earnings in Q3

Volkswagen AG said earnings rose 15 percent in the third quarter, benefiting from cost cuts at its core VW passenger cars division. Quarterly group earnings before interest and taxes (EBIT) and before special items jumped to 4.31 billion euros ($5.01...

October 27, 2017 No Responses

Ford declares $1.6 billion profit in Q3

Ford Motor Company on Thursday said its third-quarter net income rose 63 percent to $1.6 billion, helped by foreign tax credits and strong light-truck sales in North America. Ford’s revenue, pretax profit and operating margin all increased in what C...

October 26, 2017 No Responses

Coscharis thrills BMW club, highlights 5 series performamce, achievements

Coscharis Motors in partnership with BMW Club Nigeria, recently demonstrated BMW 5 Series performance and achivements during the 2017Bimmerfest event held at the Muri Okunola Park, Victoria Island, Lagos State. According to Coscharis, the event is aimed at ...

October 25, 2017 No Responses

Hyundai votes $5m for research and development

Hyundai America Technical Center Incorporated is investing $5 million in the American Center for Mobility in Ypsilanti Township. According to Agency Report, the investment brings the autonomous vehicle testing site’s fundraising total to $101 millio...

October 21, 2017 No Responses

Five auto firms under investigation over alleged limit on emission technology

BMW has confirmed its head office was searched this week by European Union officials investigating an alleged cartel among five German carmakers. EU investigators are looking into allegations that BMW, Daimler, VW, Audi and Porsche colluded to limit their spen...

October 20, 2017 No Responses

Again, Toyota emerges best in global reliability survey

For the fifth year in a row, Toyota and Lexus rank as the top two brands for reliability based on a survey of Consumer Reports subscribers. Consumer Reports‘ 2017 Auto Reliability Survey published on Thursday found “growing pains” among....

October 19, 2017 No Responses

Mitsubishi unveils 30% growth agenda

Mitsubishi Motors has unveiled a three-year plan to boost global vehicle sales by 40 percent and revenue by more than 30 percent as it rebounds from a fuel economy scandal by strengthening its utility vehicle lineup and targeting rapid growth...

October 17, 2017 No Responses

Nissan appoints Anthony Thomas Chief Information Officer, brand value rises to $11.5b

Nissan Motor Company Limited has announced that Anthony Thomas, most recently group CIO at GE Global, will assume the duties of CVP, CIO (chief information officer), Global IS/IT Nissan from October 23, 2017. Thomas will be based at Nissan’s headquarte...

October 16, 2017 No Responses

Veteran auto marketer, Raju Sawlani, unveils multibrand sales, service outlet in Lagos

By Moses Ebosele, ebosele@hotmail.com – Come Thursday, October 19th, 2017, world class multibrand sales and service centre, Turing Simcubator Limited (TSL), will commence business activities in Lagos State. Located at Plot 3, Apapa-Oshodi Expre...

October 14, 2017 No Responses

Coscharis unveils Ford Assembly plant in Lagos, rolls out 600 units of Ranger

By Moses Ebosele, ebosele@hotmail.com – A leading player in the automotive industry in Nigeria, Coscharis Group, has unveiled Ford Assembly plant in Lagos. Already, the plant located at KM 32, Lekki-Epe Expressway, Awoyaya, Lagos State has rolle...

October 14, 2017 No Responses

SIFAX Group gets West Africa Shipping Award

SIFAX Group, a multinational corporation with diverse interests in Maritime, Aviation, Haulage & Logistics, Oil & Gas and Hospitality, has bagged an award at the 7th edition of the Nigeria Brand Awards. SIFAX Group was awarded the “Most Innovative an...

October 13, 2017 No Responses

Isuzu unveils new pick-up

Growing demand for light commercial vehicles has spurred Isuzu to expand its offering in Sub-Saharan Africa to include the KB 4×4 crew cab X-Rider model. Introduced initially as a 700-unit limited edition, the X-Rider according to the auto firm...