Auto – Page 56 – City Business News

November 7, 2016 No Responses

Poetsch, VW Chairman under investigations

Car giant Volkswagen says German prosecutors have expanded their probe of the emissions scandal to include the firm’s chairman of the board. Hans Dieter Poetsch was chief financial officer when the scandal over cars rigged to cheat on US diesel...

November 5, 2016 No Responses

BMW explains increase in third-quarter profit

(Bloomberg/Reuters)- BMW Group’s third-quarter profit rose 1.1 percent as demand for its SUVs propelled sales in Europe and China, offsetting a slump in the U.S. Earnings before interest and taxes climbed to 2.38 billion euros ($2.64 billion) from 2....

October 29, 2016 No Responses

Hyundai, Kia in $41.2m settlement with states

(Auto News)-Hyundai Motor Company and Kia Motors Corporation have opted for a $41.2 million settlement with attorneys general from 33 states and the District of Columbia. The development will close the remaining investigations into the automakers’ overs...

October 29, 2016 No Responses

Preparations in top gear for 2016 Nigerian Auto Award

Preparations are in top gear for the 2016 annual Nigerian Auto Journalists Association (NAJA) award. Scheduled to take place at EKO Hotels and Suites, Lagos State on November 24, 2016, the annual event is expected to bring together stakeholders...

October 27, 2016 No Responses

Mercedes plans two powerful E-class variants

(Auto News) Mercedes-Benz’s latest E-class sedans went on sale in June and now the automaker has shed light on the high-performance variants. The high-end E63 S is powered by a 4.0-liter V-8 biturbo engine that produces 603 hp and 627...

October 15, 2016 No Responses

Honda recalls 350,000 Civics

(Auto News) American Honda is recalling approximately 350,000 Civic coupe and sedans in the U.S. from the 2016 model year to fix an issue with the vehicles’ electronic parking brake. The automaker, in a statement, said software that controls the...

October 15, 2016 No Responses

Kia wins 2016 customer service award

KIA Motors Nigeria has emerged the best customer service provider and the winner of the 2016 Nigeria Customer Service Award (NCSA) in the automobile category. In this year’s edition of the Nigeria Customer Service Award held at the Civic Towers...

October 11, 2016 No Responses

Stallion Nissan Donates car to Lagos State Security Trust Fund

Nissan in collaboration with Stallion Group has donated a brand new Nissan Almera car to the Lagos State Security Trust Fund. According to the company, the donation is in praise of the organisation’s efforts in mitigating violent crimes in...

October 8, 2016 No Responses

Kia brand value hits $6.3 Billion

The global value of the Kia Motors brand has grown by 12% over the last year, according to Interbrand’s exclusive list of the 100 ‘Best Global Brands’. According to the 2016 study, Kia has risen five spots to become...

October 1, 2016 No Responses

Volkswagen to pay $1.21B claims to 652 customers

(Reuters) Volkswagen AG confirmed late Friday it will make $1.21 billion in payments to 652 U.S. brand dealers as part of a $16.5 billion diesel emissions settlement. VW dealers will receive an average of $1.85 million each on average over...

September 28, 2016 No Responses

Ford confirms Coscharis as sole distributor in Nigeria

*Ends relationship with RT Briscoe – Ford Motor Company has consolidated its dealer representation in Nigeria, ending its association with local distributor RT Briscoe as of 30 June 2016, while reinforcing its partnership with Coscharis Motors Limited ...

September 27, 2016 No Responses

Coscharis, Nigeria Club celebrate BMW at 100

In celebration of BMW‘s 100 years anniversary, Coscharis Motors in association with the BMW Club Nigeria celebrated the epoch making event at the Eko Atlantic City, Lagos with the display of a wide range of BMW models and trim levels....

September 24, 2016 No Responses

Hyundai Elantra makes Wards Auto List

The All New Hyundai Elantra has joined the inaugural Wards 10 Best User Experiences (UX) list. A statement from Hyundai explained that Elantra was recognized as a value leader in this year’s competition for its user-friendliness and sophistication. Vice...

September 17, 2016 No Responses

Toyota demonstrates i-road concept

From September 17, 2016 till the end of March 2017, Toyota Motor Corporation will unveil round two of the Open Road Project primarily in Tokyo. According to Toyota, the second round of the project will involve other companies as...