Transport Archives — Page 39 of 49

February 25, 2017 No Responses

VW’s profit boost clouded by $6.8b diesel-crisis charge

By Christoph Rauwald (Bloomberg) and Reuters – Volkswagen Group’s provisions for its diesel-cheating scandal increased by 6.4 billion euros ($6.8 billion) last year, as the automaker continued to tally the damages from the worst business crisis in its history. That...

February 23, 2017 No Responses

Nissan: Carlos Ghosn to remain chairman, refocuses role

(BBC) Carlos Ghosn is relinquishing his role as chief executive of Nissan, but will remain chairman of the Japanese car maker. Hirohito Saikawa, already the company’s co-chief executive, will take over. The reshuffle will allow Mr Ghosn to focus on...

February 22, 2017 No Responses

China sanctions CMA CGM, Evergreen, others for not reporting freight tariffs

(WMN) China’s Ministry of Transport has fined 14 international container shipping companies because they either failed to report freight tariffs to the ministry or were inconsistent with the reported ones. Companies have been punished with a total of RMB 2....

February 20, 2017 No Responses

Massilia Motors Photo News

L-R: Deputy Managing Director of Kewalram Chanrai Group, Mr. Victor Eburajolo; Managing Director of Massilia Motors Limited, Mr. Thomas Pelletier; and Deputy Managing Director of Massilia Motors Limited, Mr. Kunle Jaiyesimi at a Press Conference to announce th...

February 18, 2017 No Responses

Peugeot unveils agenda for 2017

In terms of performance, Peugeot vehicles are known world-wide for their resilience and durability and this is not any different in Nigeria as PAN Nigeria, Kaduna has stood the test of time. The Kaduna based factory has passed through thick...

February 17, 2017 No Responses

Massilia Motors now sole distributor of Mitsubishi vehicles in Nigeria

As part of measures to consolidates and expand the distributions of Mitsubishi vehicles in Nigeria, Massilia Motors Limited, on Thursday in Lagos, announced its position as the sole distributor of Mitsubishi Motors in Nigeria. The company is a joint venture o...

February 15, 2017 No Responses

Peugeot to aquire GM’s Vauxhall, Opel business

France’s PSA Group, maker of Peugeot and Citroen cars, is in talks about taking over General Motors’ (GM) loss-making European business Opel. PSA, which already works with GM in Europe on several projects, said a takeover was among “numerous ...

February 15, 2017 No Responses

Arik suspends flights to London, Johannesburg

The management of Arik Air has suspended its international flight operations to the London and Johannesburg routes. The spokesman of the Asset Management Company of Nigeria, AMCON, Jude Nwauzor, made the announcement in a statement issuedon Tuesday in Lagos. T...

February 15, 2017 No Responses

Labour: Increase in BRT, LAGBUS fares is insensitive

Lagos State council of Trade Union Congress of Nigeria (TUC) has condemned increase in the transport fares of BRT and LAGBUS buses. In a statement on Tuesday, TUC described the increase announced by the Managing Director of Lagos Metropolitan...

February 15, 2017 No Responses

CMA CGM, Alibaba seal MOU on Digital Cooperation

French container shipping major CMA CGM and Chinese e-commerce company Alibaba have signed a memorandum of understanding (MOU) in Hangzhou, China, to seek cooperation in the digital area. The duo intends to provide digitized services via the One Touch platform...

February 11, 2017 No Responses

Ford to invest $1b in artificial intelligence startup

– By Michael Martinez, Auto News – Ford Motor Company is investing $1 billion over the next five years in artificial intelligence startup Argo AI to help build the brains of its robot cars. The Pittsburgh company, founded last year,...

February 10, 2017 No Responses

Arik Air to challenge FG takeover in court

The management of Arik Air on Thursday said it would challenge the taking over of the airline by the Assets Management Company of Nigeria (AMCON) in court. Ado Sanusi, Senior Vice President, Arik Air made the disclosure at a joint...

February 10, 2017 No Responses

CMA CGM gets new CEO

(WMN)-Rodolphe Saadé has been appointed as the new Chief Executive Officer of the French shipping company CMA CGM Group, taking over the reins from his father Mr. Jacques Saadé. Jacques Saadé remains Chairman of the Board of Directors, the company informe...

February 8, 2017 No Responses

Meridiana introduces late evening flights for Nigeria, Ghana

Meridiana Fly, Italy’s fastest growing airline has reaffirmed its commitment to the Nigerian and Ghanaian markets by confirming both routes in summer schedule for 2017. Supported by Ghana’s firm -Dre Aviation and Dana Air, Meridiana Fly entered into the ...