PM News Nigeria


Toyota doubles profits

toyota

Toyota said Tuesday it is on track for a record annual profit as it announced its nine-month net earnings more than doubled to $15 billion on a sharp drop in the yen and surging overseas sales. The world’s biggest automaker earned 1.52 trillion yen ($15 billion) between April and December on sales of 19.12 trillion […]

Auto companies scramble for ANAMMCO

cars: scramble for ANAMMCO by auto makers

Three automakers are jostling to take over the production lines of the moribund Anambra Motor Manufacturing Company(ANAMMCO), Enugu, eastern Nigeria, an official said. Chief Godwin Okeke, the Chairman of the company’s board, told the News Agency of Nigeria (NAN) in Enugu on Monday that it was awaiting the Bureau of Public Enterprises (BPE) to pick […]

Toyota leads the rest in record sales

back of the Toyota FT-1 concept car : 2014 model

Toyota sold a record 9.98 million vehicles last year, it said Thursday, outpacing rivals General Motors and Volkswagen to maintain its title of world’s biggest automaker. The Japanese auto giant’s highest-ever annual sales volume came thanks to a weaker yen as well as strong US and China sales, signalling it had recovered from a series […]

Nigeria to become car exporter soon, says Jonathan

PRESIDENT GOODLUCK JONATHAN, GOV. PETER OBI OF
ANAMBRA STATE, HON. CHRIS AZUBOGU, REPRESENTING NNEWI FEDERAL
CONSTITUENCY AND CHIEF AZUBUIKE OKAFOR, CHAIRMAN, MANUFACTURING
ASSOCIATION OF NIGERIA  (ANAMBRA, ENUGU AND EBONYI STATE BRANCH),
DURING THE VISIT.

President Goodluck Jonathan on Monday said with the new National Automotive Industry Policy introduced by his administration, Nigeria would soon be exporting cars to other countries. He did not however give a time frame for the export. The President who said this when he received a delegation of members of the business community from Anambra […]

Lamborghini joins SUV segment in 2017

Lamborghini's SUV Urus unveiled in Beijing

Lamborghini SpA, Volkswagen (VOW) AG’s Italian supercar division, plans to start building the Urus sport-utility vehicle in three years, the brand’s first model in the segment since the Rambo Lambo of the 1990s. “The expectation” is to introduce the SUV in 2017, Lamborghini Chief Executive Officer Stephan Winkelmann said yesterday in an interview at the […]

Car makers dazzle with new designs at US auto show

back of the Toyota FT-1 concept car : 2014 model

Automakers paraded their newest models at the Detroit Auto Show, many with more horsepower, more aggressive profiles and ever-swankier cockpits, almost in celebration of the US market, now close to its pre-crash highs and girding for more solid growth this year. With some four dozen new models on offer, consumers were spoiled for choice — […]

GM’s Chevrolet sweeps US car, truck of year awards

2014 Chevrolet Silverado

General Motors’s Chevrolet division swept both the US car and US truck/utility of the year awards as the annual North American International Auto Show kicked off Monday. The Chevrolet Silverado beat out co-semifinalists Acura’s MDX luxury sport utility vehicle and the Jeep Cherokee SUV for the truck/utility of the year. And Chevrolet’s Corvette Stingray sports […]

Log in | Designed by Gabfire themes