Ford Archives — City Business News

November 10, 2023 No Responses

Coscharis Unveils All-New Ford Territory

Foremost auto firm, Coscharis Motors has unveiled an all-new Ford Territory, a midsize sport utility vehicle (SUV) to the Nigerian market. Unveiling the new product, Deputy Group Managing Director, Coscharis Group, Mr Fred Amobi, explained that the all-new Ford had...

November 21, 2022 No Responses

Coscharis Motors Woos Ford Customers With Black Friday Deals

Frontline Nigerian automobile dealership and sole authorized dealer of Ford vehicles in Nigeria, Coscharis Motors has launched a promo aimed at tickling her existing Ford customers and getting them excited this black Friday season. City Business News report...

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 23, 2022 No Responses

Ford To Cut 3,000 Jobs

Ford Motor Company said it’s cutting 3,000 jobs this week in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles. The cuts will come primarily in the US, while some positions...

August 8, 2022 No Responses

Tata Acquires Ford Car Plant In India

Indian automaker, Tata Motors has agreed to buy a Ford manufacturing plant in the western state of Gujarat for 7.26bn rupees ($91.5m). The deal comes as Tata moves to boost its car production to meet demand. The deal between Tata’s...

August 4, 2022 No Responses

Ford Trucks To Unveil Zero Emissions Agenda At 2022 IAA

Ahead of the 2022 IAA Transportation, Ford Trucks, on Thursday rolled out its 2022 zero emission agenda. A statement explained that Ford Trucks, winner of the prestigious IToY Award in Hannover with its F-MAX in 2018, “returns to IAA ...

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 ...

April 4, 2022 No Responses

Ford Recalls 737,000 Vehicles

Ford Motor Co is recalling 737,000 vehicles in the United States over a part that could develop an oil leak and a software error that could hinder braking, it said on Friday.The automaker is recalling 345,451 of its 2020-2022 Ford...

March 20, 2022 No Responses

VW Joins Sustainable Mining Initiative

Volkswagen has joined a group that sets environmental and social standards in mining as the world’s No.2 carmaker steps up efforts ensure its raw materials are sustainable, especially in electric vehicles (EVs).Big companies have com...

March 18, 2022 No Responses

Tata Motors To Take Over Ford’s Indian Plant

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 th...

March 4, 2022 No Responses

Ford Budgets $50b For Electric Vehicles In Three Years

Ford Motor Company is to increase its electric vehicle (EV) investment to $50 billion through 2026, up from the previous $30 billion investment till 2025.The automaker aims to produce more than 2 million electric vehicles annually by 2026, representing ab...

November 11, 2021 No Responses

COSCHARIS Motors Woos Ford, Renault Customers To Abuja Auto Fair With Discounts

By Moses Ebosele, ebosele@hotmail.com — The management of Coscharis Motors has pledged to delight Abuja and Northern automobile enthusiasts by participating in the Abuja auto fair scheduled to hold from 15th – 20th November 2021 at the Internation...

November 6, 2021 No Responses

Ford To Retire $5b Debt, Issue Green Bonds For Electric Vehicles

Ford Motor Company said it plans to retire up to $5 billion in high-interest debt and tap into the fast-growing market for “green” bonds to help it finance new electric vehicles and expand credit to customers with lower scores. Ultimately,...