Transport Archives — Page 26 of 49

November 9, 2017 No Responses

Audi steps up research into synthetic fuels

Audi is systematically building on its e-fuels strategy. Together with the partners Ineratec GmbH and Energiedienst Holding AG, the company has plans for a new pilot facility for the production of e-diesel in Laufenburg, in Canton Aargau (Switzerland). For the...

November 8, 2017 No Responses

CMA CGM to power 22,000 TEU ship with LNG

French shipping major CMA CGM Group has unveiled the decision to equip its nine future ships of 22,000 TEUs with engines using liquefied natural gas. “We have made the bold decision to equip our future 22,000 TEUs vessels with a...

November 8, 2017 No Responses

Toyota declares $63.45 b revenue in Q2

Toyota Motor’s operating profit climbed 10 percent in the latest quarter as windfall gains from favorable foreign exchange rates offset weakening business in the key U.S. market, where rising incentives and falling wholesale volume dented regional profit...

November 7, 2017 No Responses

FG to demolish Costain, Jibowu bridges as construction of Standard Gauge rail track begins in December

The Minister of Transportation, Rotimi Amaechi on Monday said the laying of tracks of Lagos-Ibadan standard gauge rail line would start in December. He also said that Jibowu and Costain bridges in Lagos would be demolished to give way for...

November 7, 2017 No Responses

Weststar, Barbedos flags off Mercedes-Benz special service campaign in Abuja

As part of strategic directions aimed at achieving superior after-sales quality of service and enhancing customer relationship, Weststar Associates Limited (Authorized General Distributors of Mercedes-Benz Passenger and Commercial vehicles in the Federal Repub...

November 6, 2017 No Responses

Toyota seeks more investments in Israeli auto tech, robotics

Japan’s Toyota Motor Corporation is seeking more investments in Israeli robotics and vehicle technologies after its venture arm led a $14 million investment in Intuition Robotics in July. The startup, which makes robots for the elderly, was the first....

November 5, 2017 No Responses

NAJA names Ade-Ojo icon of auto industry

A foremost industrialist and automobile business legend, Chief Michael Ade-Ojo, is set to be honoured as an icon of the Nigeria’s auto industry by the Nigerian Auto Journalists Association. Ade-Ojo, who is the founder of Elizade Nigeria Limited and Chairman....

November 4, 2017 No Responses

France cuts Renault stake to 15 percent

France is selling a 4.73 percent stake in carmaker Renault, a government investment agency has said, paring the holding back to the 15-percent level that had preceded a 2015 power struggle over voting rights. The APE state holding agency said...

November 3, 2017 No Responses

Customs impounds three Dangote Cement Trucks over alleged smuggling

By citybusinessnews@yahoo.com – Three Dangote Cement Trucks allegedly used for smuggling have been impounded by the Federal Operations Unit (FOU) of Nigeria Customs Service (NCS), Zone ‘A’, Ikeja. The company had recently embarked on a ...

October 31, 2017 No Responses

FG to unveil six locomotives, 100 wagons, partner Israeli firm on maritime security

By citybusinessnews@yahoo.com – The Federal Government is to deploy six locomotives and 100 wagons before the end of December, 2017 as part measure to boost rail transportation nationwide. Speaking at the 2017 World Maritime Day, organise...

October 27, 2017 No Responses

Ford declares $1.6 billion profit in Q3

Ford Motor Company on Thursday said its third-quarter net income rose 63 percent to $1.6 billion, helped by foreign tax credits and strong light-truck sales in North America. Ford’s revenue, pretax profit and operating margin all increased in what C...

October 26, 2017 No Responses

Coscharis thrills BMW club, highlights 5 series performamce, achievements

Coscharis Motors in partnership with BMW Club Nigeria, recently demonstrated BMW 5 Series performance and achivements during the 2017Bimmerfest event held at the Muri Okunola Park, Victoria Island, Lagos State. According to Coscharis, the event is aimed at ...

October 25, 2017 No Responses

Hyundai votes $5m for research and development

Hyundai America Technical Center Incorporated is investing $5 million in the American Center for Mobility in Ypsilanti Township. According to Agency Report, the investment brings the autonomous vehicle testing site’s fundraising total to $101 millio...

October 23, 2017 No Responses

How to tackle Apapa gridlock through holding bays, by FRSC

The Lagos State Sector Command, Federal Road Safety Corps (FRSC) says a permanent solution to the Apapa gridlock is the establishment of holding bays to accommodate trucks and articulated vehicles before loading. The Sector Commander, Mr Hyginus Omeje, who sai...