Auto Archives — Page 6 of 48 — City Business News

November 17, 2020 No Responses

Volkswagen Boosts Production Of New Passat, Others With $1.18b

Volkswagen plans to invest 1 billion euros ($1.18 billion) in its Slovak plant, including 500 million euros to produce next-generation Passat and Skoda Superb models, VW Slovakia Chairman Oliver Gruenberg said on Monday.The German carmaker’s investment will be in projects across the model range made...

October 15, 2020 No Responses

Bajaj Auto Signs Jay Jay Okocha As Brand Ambassador

Bajaj Auto, the world’s leading manufacturer of 3-wheelers has partnered with Jay Jay Okocha, to endorse its commercial vehicle range consisting of 3-wheeler and 4-wheeler products. Regarded as Nigeria’s greatest and most skillful sports personality, Ja...

October 14, 2020 No Responses

Hyundai Motor Heir Takes Over From Father

Hyundai Motor Group on Wednesday appointed Euisun Chung as group chairman , cementing his succession from his octogenarian father in a move likely to give impetus to the world’s fifth-largest automaker’s push into electric vehicles and flying ...

October 1, 2020 No Responses

VW To Unveil New Strategic Steps

Volkswagen needs to change to stay relevant in the electric and digital vehicle era and will announce “important steps” to that end before the close of the year, Chief Executive Herbert Diess said on Wednesday.“Volkswagen needs to c...

August 18, 2020 No Responses

Hyundai Donates N35m PPEs To Nigeria

Hyundai Motor Company has pledged donation of medical equipment and personal protection items worth over $2.4 million to countries across the Middle East and Africa in an effort to help tackle the COVID-19 pandemic. Meanwhile, Nigeria is one of...

August 7, 2020 No Responses

Stallion Bajaj Flags-Off Keke Rally

By Moses Ebosele, ebosele@hotmail.com Stallion Bajaj on Friday in Lagos, Nigeria flagged-off what it described as the “First Keke Rally In Nigeria’’. Comprised of five“Keke Rally Drivers’’, security agents, among other...

August 5, 2020 No Responses

Mitsubishi To Begin Car Production In Myanmar

Mitsubishi Motors is considering building vehicles in Myanmar, as the Japanese automaker deepens its commitment to Southeast Asia. The Japanese automaker already has a production base in Vietnam, as well as in Thailand, Indonesia and the Philippines. A...

August 5, 2020 No Responses

Ford Motor’s CEO Steps Down

The Chief Executive Officer of Ford Motor Company, Jim Hackett, is stepping down on October 1 after three years at the helm. In a statement on Tuesday, the American multinational automaker said Hackett would be succeeded by Jim Farley, its...

July 29, 2020 No Responses

Jaguar Land Rover Appoints Thierry Bollore New CEO

Chairman of Tata Sons, Tata Motors and Jaguar Land Rover plc, N Chandrasekaran, has announced Thierry Bolloré as the new Chief Executive Officer of Jaguar Land Rover, effective 10 September 2020.Bolloré succeeds Prof Sir Ralf Speth, who will take up...

July 24, 2020 No Responses

BMW Rolls Out $77,000 Electric SUV

BMW AG has unveiled its own electric sports utility vehicle to take on the likes of Tesla Inc.’s Model Y and Daimler AG’s Mercedes-Benz EQC.The Munich-based company unveiled the iX3, a variant of the mid-size X3 and its first battery-powered SUV,...

July 17, 2020 No Responses

European New Car Sales Down 24.1%

European passenger car sales slumped in June compared to a year ago but showed an improvement since May with the easing of coronavirus lockdown measures across the region, industry data showed on Thursday.In June, new car registrations dropped by 24.1% year-...

July 16, 2020 No Responses

Volkswagen To Revamp Facility

Volkswagen AG and its Chinese joint venture partner SAIC Motor plan to invest 4.13 billion yuan ($590 million) to revamp their car plants in Shanghai to make new Audi sedans, according to a government document seen by Reuters.SAIC Volkswagen, the joint v...

July 15, 2020 No Responses

Volkswagen Shifts Software Development Centre To Audi

Volkswagen will shift leadership for software development to the company’s premium Audi division in Ingolstadt, Bavaria, Herbert Diess, chief executive of the multi-brand group has said.“The centre of gravity for software development will move ...

July 15, 2020 No Responses

Toyota, Ford, Others Recall 13 million Vehicles Worldwide

Between January 1st and July 13, 2020 Auto Manufacturers recalled not less than 13,362,759 million vehicles worldwide. Data obtained from foremost research firm, Finbold indicates that the recalls are mainly due to safety concerns. According to the repor...