Sales Archives — Page 3 of 4 — City Business News

August 17, 2019 No Responses

BMW To Staff: Narrow Sales Gap With Mercedes

BMW’s new chief executive, Oliver Zipse urged employees to embrace change and to find innovative ways to help the Bavarian carmaker overtake rival Mercedes at a time when demand for luxury carsis waning. According to Reuters, Oliver Zipse addressed staff...

August 15, 2019 No Responses

BMW Explains 1.3% Increase In July Sales

BMW Group has posted 1.6 per cent Year on Year (YoY) growth in July 2019 with 183,487 units delivered.. BMW brand registered 1.6 per cent YoY growth with 157,062 units delivered last month. The X range of luxury SUVs from...

August 6, 2019 No Responses

Suzuki Declares 46% Drop In Profit

Suzuki Motor Corporation on Monday reported a 46.2% fall in first-quarter operating profit, hurt by lower output at home as it improves its inspection systems, and falling demand in India, its biggest market.Japan’s fourth-largest automaker posted an ope...

August 6, 2019 No Responses

Kia Delivers 225,902 Units In July

For the month of July, 2019, Kia Motors Corporation’s global sales stood at 225,902 units, a decline of 2.7% when compared to the same month last year. Sales in Kia’s home market, South Korea increased slightly to 47,080 units, reports the...

August 6, 2019 No Responses

Nigeria Begins Sale Of 2, 3 Year Savings Bonds

The Federal Government on Monday offered for subscription two-year savings bond at 10.301 per cent and three-year savings bond at 11.301 per cent per annum, the Debt Management Office (DMO) has said.According to the offer circular obtained from the DMO...

August 2, 2019 No Responses

Ceat Tyre Declares 15% Increase In Q1 Profit

Tyre maker, Ceat on Thursday reported 15 per cent increase in its consolidated profit at for the first quarter ended June 30, 2019. Anant Goenka, Managing Director, CEAT Limited said, “The impact of fall in demand from automobile manufacturers has...

May 17, 2019 No Responses

Nissan Records 45 Per Cent Drop In Profit

For last fiscal year, Nissan profit dropped below that of French partner Renault for the first time in a decade. Nissan’s operating profit sank 45% to 318.2 billion yen ($2.91 billion) for the year ended in March, earnings released show...

May 16, 2019 No Responses

Pirelli Projects More Growth In 2019

Premium tyre manufacturer, Pirelli has projected a growth rate of between 4% to 6% in 2019. Pirelli, which makes tyres for Formula One racing teams and premium automakers like BMW and Audi, explained on Wednesday that revenues would g...

April 27, 2019 No Responses

Peugeot Maker, PSA Group Explains Drop In Revenue

Peugeot maker, PSA Groupe has reported a 1.1 percent decline in revenue, as falling overseas sales outweighed pricing improvements in the first quarter. According to the Group, revenue fell to 17.98 billion euros ($20.05 billion) in January-Marc...

April 26, 2019 No Responses

Michelin Declares $6.5b Sales In Q1

Michelin has reported higher first quarter sales, helped by its recent acquisitions of the Camso and Fenner businesses, and the French tyre maker stuck to its 2019 financial guidance for a rise in annual, underlying profits. Sales rose 11.3 percent...

April 17, 2019 No Responses

Daimler Gets New SUV Lineup

Daimler AG Chief Executive Officer, Dieter Zetsche has disclosed that the German automaker would add a new compact Sports Utility Vehicle (SUV) to its lineup later this year. Zetsche, who spoke at an event in Shanghai, China exp...

April 10, 2019 No Responses

Mercedes-Benz Sales Hit 560,873 Units In Three Months

Mercedes-Benz closed the first quarter of 2019 with 560,873 passenger cars sold worldwide. The foremost auto firm explained that for the third year in a row, sales in the first quarter were therefore well over 550,000 units. In March, 227,644...

March 6, 2019 No Responses

Nigeria Stops Forex Sale To Textile Importers

Citing need to encourage growth of the textile and cotton industry, the Central Bank of Nigeria, CBN, on Tuesday announced the restrictions of sale of foreign exchange to importers of textiles and other clothing materials with immediate effect. Speaking during...