Auto – Page 39 – City Business News

May 7, 2018 No Responses

BMW Explains €2.3b Net Profit, 604,629 Sales In Q1

BMW profits expanded slightly in the first quarter of 2018 as margins unexpectedly climbed despite a hit from currency headwinds on its top-line The Munich-based premium carmaker explained that first quarter revenues fell 5.1 per cent from a year ago...

May 5, 2018 No Responses

Toyota Explains Proposed Self-Driving Test Site

Toyota Motor Corporation has unveiled plans to build a dedicated test site for self-driving cars in the United States of America. The site will be located within the 1.75-mile oval test track of the Michigan Technical Resource Park at...

May 3, 2018 No Responses

Kia Records 240,028 Global Sales In April

Kia Motors Corporation on Wednesday announced its April 2018 global sales figures for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 240,028 units sold, increasing 9.3% from 2017. In April, sales in Korea totaled 50,0...

April 30, 2018 No Responses

Honda, Mazda issue profit warnings

Two Japanese automakers, including Honda Motor, issued profit warnings for the current financial year on worries a stronger yen would erode their operating earnings, wiping out the impact of record high global vehicle sales. The outlook highlights fears of....

April 30, 2018 No Responses

COSCHARIS Motors To Unveil All New Ford Escape At 2018 Lagos Auto Fair

Foremost firm, Coscharis Motors Plc has concluded plans to unveil the all new Ford Escape at the 2018 Lagos Auto Fair scheduled to hold from 7 to 12 of May, 2018 at the Federal Palace Hotel, Lagos. Coscharis explained on...

April 26, 2018 No Responses

Audi Recalls 1.16m Vehicles Over Defective Water Pumps

Citing potential fire, Audi has recalled 1.16 million vehicles worldwide for coolant pump issues. Out of the figure, 342,867 units are in the United States market such as the 2013-2017 A4 sedan and Allroad, 2013-2017 A5 coupe and cabriolet,...

April 26, 2018 No Responses

Mercedes-Benz Unveils New A-Class

Developed specifically for the Chinese market, Mercedes-Benz on Wednesday unveiled a new A-Class also known as A-Class L at the Beijing Auto Show. According to the foremost auto firm, an A-Class sedan for the rest of the world will...

April 25, 2018 No Responses

Audi Rolls Out New Q5L SUV With Long Wheelbase

It boasts of 4.77 meters (15.6 ft) long and offers plenty of space for five people and loads of luggage: Audi is presenting the new Q5L at the Beijing Motor Show from April 25 to May 4. The long version...

April 25, 2018 No Responses

CO2 from new cars up as petrol overtakes diesel In New Statistics

The year 2017 saw two new and related trends in EU car registrations: an increase in CO2 emissions coupled with a rise in petrol sales, according to new data from the European Environment Agency (EEA) and the European Automobile Manufacturers’...

April 20, 2018 No Responses

New Jaguar XE, XF Get 300 Sport Trim

Jaguar has unveiled a new 300 Sport trim for the XE and XF, though the availability of the trim in the United States remains unknown. Introduced for 2019 and designed for models equipped with the standard 2.0-liter turbocharged inline-4, the...

April 14, 2018 No Responses

VW Removes CEO, Unveils Restructuring Agenda

Volkswagen Group has removed Matthias Müller and replaced him with Herbert Diess as Chief Executive Officer. Previously CEO of the Volkswagen brand within the larger 12-brand corporation. According to the company, the move is part of an effort to...

April 14, 2018 No Responses

TNL Honours First Bank, CCECC, Others

Toyota Nigeria Limited (TNL) has honoured First Bank of Nigeria Limited, China Civil Engineering Construction Corporation (CCECC), Access Bank Plc, among others for their contributions to the development and growth of the company. At an award ceremony hel...

April 12, 2018 No Responses

Heritage Bank Seals Partnership With GAC Motors On Auto Scheme

Heritage Bank Plc has entered into a strategic partnership with the Choice International Group (CIG) Motors Limited to introduce a new vehicle finance scheme aimed at assisting interested and pre-qualified customers to buy brand new GAC Vehicles with ease and....

April 7, 2018 No Responses

Honda Accord Gets Car of the Year Award

The all new Honda Accord has won North American Car of the Year Award. According to the organizers, the Car of the Year award is reserved for models that are new or significantly updated for 2018. This is the...