Automotive Archives — City Business News

August 1, 2022 No Responses

“Nigeria’s Automotive Sector In Precarious situation”

The Nigerian Automotive sector is in a precarious situation and needs urgent attention, Deputy Managing Director of CFAO Motors, Kunle Jaiyesimi has said Jaiyesimi made the submission at the 7th edition of the Nigeria Auto Journalists Association ( NAJA) training/capacity building workshop held...

March 21, 2021 No Responses

NADDC, Coscharis Task Automotive Design Training Participants On Employment Opportunities

Investment in automotive design is the panacea for unemployment in Nigeria, the Director-General, National Automotive Design and Development Council (NADDC), Mr Jelani Aliyu, has said. Aliyu said this on Saturday in Owerri, Imo State&nbs...

February 19, 2021 No Responses

Afreximbank, Association Sign MoU To Promote Automotive Industry In Africa

The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have signed a Memorandum of Understanding (MoU) for the financing and promotion of the automotive industry in Africa. A joint statement issued by both o...

February 17, 2021 No Responses

FG To Establish Automotive Industrial Parks In Nnewi, Ede, Kaduna

The Director General, National Automotive Design and Development Council (NADDC), Mr Jelani Aliyu, on Tuesday said the Federal Government will establish Automotive Industrial Parks in three states to promote local production of v...

October 19, 2020 No Responses

Volkswagen Explains New Trucks deal

Volkswagen‘s trucks business Traton said had agreed to raise its takeover bid for Navistar International Corp to $44.50 per share from $43, closing in on a deal that would extend its reach into North America.A successful me...

June 26, 2020 No Responses

Peugeot CEO: Merger With Fiat Chrysler On Track

Peugeot maker, PSA’s boss, Carlos Tavares said on Thursday he was confident the merger of the French carmaker and Fiat Chrysler (FCA) would go ahead as planned and yield synergies of at least 3.7 billion euros ($4.2 billion).“The timetable of ...

June 17, 2020 No Responses

Volkswagen To Pay $267m For Audi Buyout

Volkswagen will pay a 48% premium to buy out the minority shareholders of premium division Audi, Audi said on Tuesday.Volkswagen, which already holds 99.64% of Audi, announced the squeeze-out plans in February.“Volkswagen AG announced and specified tha...

June 16, 2020 No Responses

Nissan Unveils Agenda For New Rogue SUV

There’s a lot riding on the Nissan Rogue, the struggling Japanese automaker’s top-selling vehicle in the hottest part of its second-biggest market, the United States. The small SUV has been redesigned for the 2021 model year, and a replac...

June 14, 2020 No Responses

At AGM, Toyota Vows To Remain Profitable

The Chief Executive Officer of Toyota Motor Corporation, Akio Toyoda told shareholders at the automaker’s annual meeting that the company will remain profitable during the coronavirus pandemic, using lessons it learned during the global financial ...

May 29, 2020 No Responses

Stallion Group Unveils Stallion Africar Multi-Brand Auto Sales Portal

By Moses Ebosele, ebosele@hotmail.com — Foremost conglomerate, Stallion Group Nigeria has unveiled its end-to-end digital multi brand portal identified as www.stallionafricar.com. The Multi-brand Auto giant believes that a sizable business wi...

April 3, 2020 No Responses

Hyundai to establish Mobility Global Innovation Centre in Singapore

Foremost South Korean auto firm, Hyundai is to establish Mobility Global Innovation Centre (HMGIC) in Singapore with support from Singapore Economic Development Board (EDB). The lab is focussing on exploring ideas to revolutionize R&D process, busine...