Automobile – Page 4 – City Business News

September 26, 2022 No Responses

Toyota Shuts Russian Factory

Toyota has concluded plans to close its assembly line near Saint Petersburg, in a new example of supply chain problems dogging firms operating in the sanctions-hit country. The industrial site spanning over 224 hectares suspended production in March, shortly after the...

September 25, 2022 No Responses

Coscharis Motors Assembly Plant Wins Award

It was another brilliant outing for one of the leading auto giant in Nigeria, Coscahris Motors Plc through its local assembly arm of the business, Coscharis Assembly Plant as it carted home the award of the Outstanding Auto Assembling Company...

September 20, 2022 No Responses

Hyundai, IVECO Present First Fuel Cell Large Van

Hyundai Motor Company and Iveco Group on Monday at IAA Transportation 2022 in Hannover unveiled the first IVECO eDAILY Fuel Cell Electric Vehicle. Hyundai and Iveco Group have ambitious sustainability goals, as demonstrated by their individual...

September 16, 2022 No Responses

Weststar Associates Appoints Plath CEO, Ojulari MD

The Board of Weststar Associates Limited, Nigeria’s Authorized General Distributor for Mercedes-Benz, has appointed Mirko Plath as Chief Executive Officer (CEO) and Mrs Mary Aderinola Ojulari as Managing Director. Until his appointment as CE...

September 12, 2022 No Responses

Hyundai Motor Delivers 334,794 Units In August

By Moses Ebosele, ebosele@hotmail.com — For the month of August, 2022, Hyundai Motor Company recorded global sales of 334,794 units, an increase of 11.6 per cent when compared with the same period last year. According to the company, in markets ou...

September 7, 2022 No Responses

Jelani Canvasses Support For Auto Policy

Director-General, National Automotive Design and Development Council (NADDC), Jelani Aliyu has said the auto policy is working. Aliyu, who was a guest of the Nigeria Television Authority (NTA) during the network news on Saturday said: It...

September 3, 2022 No Responses

Nissan To Leverage US Tax Credit On Electric Vehicles

Nissan will more aggressively push electric vehicles to take advantage of a new US law that gives up to $7,500 in tax credits, the Japanese automaker said on Friday. President Joe Biden signed the landmark climate change and health care bill into...

September 2, 2022 No Responses

Ford Recalls 198,000 SUVs Over Fire Risks

Ford Motor is recalling 198,000 SUVs in the United States to replace a blower motor assembly after reports of 25 fires, it said on Thursday. Reuters report that the recall covers 2015-2017 model year Ford Expedition and Lincoln Navigator vehicles....

August 31, 2022 No Responses

Geely Secures $400m To Accelerate Green Transformation

Geely Automobile Holdings has become the first Chinese automaker to secure an overseas sustainable club loan. Information obtained by City Business News on Tuesday explained that the three-year $400 million facility will be used to support Geely Au...

August 19, 2022 No Responses

Geely Delivers 613,845 Vehicles In Six Months

Geely Automobile Holdings, the Hong Kong-listed entity in which Zhejiang Geely Holding Group is the lead shareholder, on Thursday, released its 2022 Half-Year performance, indicating significant progress in the premium market segments....

July 9, 2022 No Responses

Hyundai N Sportscar To Mark Global Debut July 15

Hyundai N Sportscar is to make its global debut on July 15, on Hyundai’s annual N Day 2022. Already, the auto firm has shared the model’s image on social media channels in which it can be seen wrapped in cloth in...

June 17, 2022 No Responses

NADDC DG In Kenya, Seeks Use Of Electric Vehicles In Africa

The Director-General of the National Automotive Design and Development Council (NADDC), Jelani Aliyu, has called on African countries and research institutions to promote and adopt electric vehicles. Aliyu, who made the call in Nairobi, Kenya, expained t...

June 3, 2022 No Responses

Coscharis Unveils All-New Ford Bronco

Coscharis Motors unveiled the all-new Ford Bronco into the Nigerian market at the ongoing Lagos Motor Fair. Speaking during the launch, Abiona Babarinde, General Manager, Marketing and Corporate Communications, Coscharis Group, said, “The Bronco has come ...

May 24, 2022 No Responses

Toyota To Cut Global Production Plan, Deliver 9.3m Vehicles By March 2023

Toyota Motor Corporation will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage. Reuters report on Tuesday that the company did not change its estimate of producing about 9.7 million...