Automobile Archives — Page 5 of 29

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 Toyoda said on Tuesday. With...

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 ...

October 16, 2021 No Responses

Toyota Cuts Global Production Plan By 15%

Toyota Motor Corporation on Friday cut its planned global output for November by as much as 15% due to ongoing chip shortages, but indicated it would ramp up production from December by sticking to its latest full-year production target.Japan’s lead...

October 14, 2021 No Responses

NAJA Opens Nominations For Nigeria’s Car Of The Year

The Nigerian Auto Journalists Association (NAJA) has announced date for the 2021 edition of the NAJA Awards. A statement issued by the 2021 NAJA Awards Planning Committee Chairman, Theodore Opara explained that the 2021 edition is scheduled for...

October 12, 2021 No Responses

Jaguar Land Rover Delivers 92,710 Units In Q2

For the second quarter ended September 30, 2021, Jaguar Land Rover delivered 92,710 vehicles, 18.4% lower than the 113,569 vehicles sold in Q2 last year. Retails were lower year-on year in most regions, including North America (-15.6%), China (...

October 5, 2021 No Responses

Jaguar Land Rover Begins Delivery Of New SUV F-PACE

Jaguar Land Rover (JLR) on Monday commenced deliveries of the new Jaguar F-PACE SVR Sports Utility Vehicle (SUV) to customers in India.Powered by a petrol engine with an output of 405kW, the vehicle can accelerate from 0-100 km/h in 4 seconds.The performanc...

October 3, 2021 No Responses

BMW Lifts 2021 Annual Profit Forecast To 9.5%-10.5%

The management of BMW AG has lifted its annual profit margin forecast to between 9.5% and 10.5% from 7% to 9%. The company in a statement also boosted its forecast for return on equity in its financial services segment to 20%-23% fr...

September 29, 2021 No Responses

Toyota Acquires Renovo

Toyota Motor Corporation Silicon Valley research arm has acquired automotive operating system software company Renovo to help accelerate the development of fully autonomous connected vehicles.“I am hoping to shave off years and months to our minimum via...