Auto Archives — Page 41 of 53 — City Business News

August 17, 2017 No Responses

GM to delist shares from stock exchange

General Motors Company is delisting its shares from the Toronto Stock Exchange (TSX) in Canada effective at the end of November. The company’s shares will still be traded in New York. In a statement, the automotive company said there was...

August 16, 2017 No Responses

BMW to unveil all-new Roadster

BMW will unveil two concept vehicles on August 17th, at the Lodge at Pebble Beach Concours d’Elegance Reviewing Stand area on the 18th green. Speakers will include Bernhard Kuhnt, new President & CEO BMW of North America and Adrian...

August 12, 2017 No Responses

Volkswagen Diesel investigation adds another suspect

German prosecutors investigating the Volkswagen AG diesel-rigging scandal have again expanded the criminal fraud probe by adding another suspect, bringing the total number of people under investigation to 38. Braunschweig prosecutors, who are conducting th...

August 10, 2017 No Responses

Mercedes-Benz records 1.3m sales, begins Q3 with double-digit growth

Renowned automobile firm, Mercedes-Benz has sustained its successful streak of double-digit growth since the beginning of the year. Already, the firm has commenced the third quarter with a new sales record of 181,791 vehicles sold in July. This now...

August 8, 2017 No Responses

Kia Motors Nigeria restates commitment to meet local demands

With capacity to produce 27,000 cars per annum, Kia Motors Nigeria has restated its commitment to produce made in Nigeria cars from its plant in Lagos. According to the company, the present economic challenges can be daunting, “but the...

August 6, 2017 No Responses

Toyota, Mazda to invest $1.6b in U.S

Japanese car giants Toyota and Mazda have teamed up to invest $1.6bn in a new car plant in the US. The new factory aims to produce 300,000 vehicles a year and expects to employ about 4,000 people. President Donald Trump...

August 5, 2017 No Responses

Kia hands over secondary school, healthcare center to communities

As part of its Corporate Social Responsibility (CSR), Kia Motors Corporation has handed over a community-run school to a local community in Tanzania and a healthcare center in Malawi. According to the company, “these are the latest facilities to be...

August 2, 2017 No Responses

BMW records 21,965 sales in July

Sales of BMW brand vehicles decreased 14.8 percent in July for a total of 21,965 compared to 25,777 vehicles sold in July 2016. Year-to-date, the BMW brand is down 4.6 percent in the U.S. on sales of 171,051 vehicles compared...

July 29, 2017 No Responses

Forces behind new $450,000 Rolls-Royce Phantom VIII

Rolls-Royce has unveiled its luxurious Phantom VIII, designed specifically to meet more customer’s expectations. Regarded as “The ultimate luxury machine”, one of the longest-running automobile nameplates in the world and the flagship of...

July 28, 2017 No Responses

Porsche recalls 22,000 cars

Germany’s transport minister has announced a recall of 22,000 Porsche cars to remove what he says is illegal emissions-controlling software. He said that luxury marque Porsche would bear the cost of the recalls of the affected 3-litre Cayenne models. It....

July 23, 2017 No Responses

Jaguar Land Rover opens first engine plant outside UK in China

Jaguar Land Rover is opening an engine plant in China, its first outside of the UK as the premium carmaker ramps up its international expansion. It will provide petrol engines for its local assembly site. JLR has a joint venture...

July 22, 2017 No Responses

Firm unveils LPG powered tricycle

A Nigerian based firm, Thld International Logistics Limited has launched an air-cooled tricycle powered by LPG and vehicles converted to operate on LPG/petrol bi-fuel systems. The chief executive officer of the firm, Oluwasegun Olajuwon, explained that there...

July 21, 2017 No Responses

‘Emerging economies hold key to future of auto industry’

What are the main future of work challenges the automotive industry faces around the globe? International Labour Organisation (ILO) News spoke with Tommaso Pardi, author of a research paper commissioned by the ILO through the France-ILO cooperation agreement,...

July 18, 2017 No Responses

Mazda recalls 19,000 more vehicles

Mazda Motor Corp. is recalling 19,000 cars in South Africa due to airbag safety concerns as the Japanese carmaker extends a global recall to cover a wider manufacturing period, its local unit said on Monday. The recall was prompted by...