Automobile Archives — Page 5 of 30

March 15, 2022 No Responses

VW, Ford Deepen Electric Vehicle Cooperation

Volkswagen Monday said it has deepened its e-mobility partnership with Ford under which the U.S. carmaker will produce a second electric vehicle for the European market based on its German rival’s platform.As part of the expanded cooperation, Ford will double its planned volume of vehicles to be...

February 24, 2022 No Responses

Vitafoam Begins Production Of Oil Filter For Automobiles

Vitaparts Nigeria Limited, a subsidiary of Vitafoam Nigeria Plc, has commenced manufacture of oil filters for automobiles. The Company’s Operations Manager, Eghosa Osadolor, in a statement on Wednesday explained that the innovation puts the compan...

February 24, 2022 No Responses

Thailand Approves Tax Breaks For Electric Vehicles

Thailand’s cabinet has approved tax incentives to promote a shift to electric vehicles (EVs), and to attract “high potential” foreigners to help boost the economy, the finance minister said.Reuters report that the vehicle tax measures inclu...

January 29, 2022 No Responses

Daimler AG To Rebrand As Mercedes-Benz Group

Daimler AG will be formally renamed Mercedes-Benz Group AG on Tuesday — nearly a year after the spin-off of its truck and bus division was announced — in a move its boss hopes will unlock shareholder value for the premium-car...

January 14, 2022 No Responses

Porsche Delivers 301,915 Vehicles In 2021

Between January and December 2021, Porsche delivered a record 301,915 vehicles to customers worldwide, 11 percent more than 2020. A statement issued by the German luxury sports car manufacturer, quoted a member of the Executive Board responsible for sale...

January 11, 2022 No Responses

Rolls-Royce Delivers 5,586 Cars In 2021

By Moses Ebosele, ebosele@hotmail.com Between January and December 2021, Rolls-Royce Motor Cars delivered 5,586 cars to clients around the world, up 49 per cent when compared with same period in 2020. Rolls-Royce in a statement on Monday described t...

January 4, 2022 No Responses

Hyundai Records 3.89m Global Sales In 2021

Between January and December 2021, South Korea’s Hyundai Motor Company attained global sales of 3.89 million vehicles, just short of its target of 4 million vehicles. In a statemen t on Monday, the South Korean automaker also set its 202...

January 1, 2022 No Responses

Fixit45, CFAO Motors Seal Auto Parts Partnership

Buoyed by its continued commitment to enabling and facilitating value-creating interactions across stakeholders in the automotive industry, leading auto tech platform, Fixit45, with its sub-brand, Xparts has partnered with Winpart, a subsidiary of one of Afric...

December 31, 2021 No Responses

BMW Targets 6,000 New Jobs In 2022

BMW plans to create up to 6,000 new jobs next year to prepare for growing demand for its electric vehicles, the carmaker’s chief executive told daily Muenchner Merkur.BMW is on a very good path through the transformation and has its...

December 15, 2021 No Responses

Toyota Budgets $35b For Battery Production, Targets 30 EV Models

The management of Japanese Toyota Motor Corporation (TMC)has concluded plans to introduce a full lineup of 30 battery electric vehicles by 2030 and will invest four trillion yen ($35 billion) to boost battery production, the company CEO Akio Toy...

November 30, 2021 No Responses

Kia Displays Style, Strength At Abuja Auto Fair

Kia Nigeria participated in the recently held 21st Abuja International Auto Fair. At the fair, the all-new 2021 made-in-Nigeria Kia models attracted the vast majority of visitors. A statement sent to City Business News on Monday explaine...

November 4, 2021 No Responses

BMW Beat Forecasts, Declares $2.99b Profit In Q3

For the third quarter (Q3)ended September, 2021, BMW beat analysts’ forecasts on Wednesday with a 42.4% year-on-year increase in net profit to 2.58 billion euros ($2.99 billion). According to Reuters, higher prices and strong electric vehicle sales helpe...

October 26, 2021 No Responses

Tesla Hits $1 trillion Value As Hertz Orders 100,000 Electric Cars

Tesla Inc (TSLA.O) surpassed $1 trillion in market value on Monday after landing its biggest-ever order from rental car company Hertz, a deal that reinforced the electric car leader’s ambitions to top the entire auto industry in sales...

October 20, 2021 No Responses

Honda Introduces Anti-Viral Cabin Air Filter

The management of Honda Cars India on Tuesday introduced an advanced cabin air filter that captures viral aerosols.According to the company, the anti-virus, cabin air filter was developed in co-operation with Freudenberg and ...