Volkswagen in plans to cut its workforce by 4,000 jobs in early and partial retirement offerings which will cost £425m
Charles Abuede
March 16, 2021
Says it expects close to 900 employees to accept early retirement in a Charles Abuede German automaker, Volkswagen Group, has revealed the plans to slash its total workforce by 4,000 in Germany as the auto manufacturing giant is making plans to offer its older employees an early or partial retirement – a move which is […]
Another recall crisis hits Toyota, recalls 3.4m vehicles
Samson EchenimJanuary 22, 2020
By Samson Echenim with agency report Another recall crisis has hit Toyota Motor Corporation as the leading automaker has begun recall of 3.4 Milliken vehicles worldwide Citing electronic defect that can result in air bags not deploying in crashes, Toyota said on Tuesday that it would recall 3.4 million vehicles worldwide The recall, which includes […]
Tesla delivers its first ‘Made in China’ electric cars
Businessam StaffDecember 30, 2019
Tesla has delivered its first cars made in China, marking a major milestone for the electric vehicle maker. Fifteen Model 3 sedans were handed over at the company’s so-called “Gigafactory” near Shanghai. It comes as Elon Musk’s company aims to secure a significant slice of the world’s biggest car market. Tesla’s move into the country […]
What Honda needs to do to boost profitability, by GlobalData
Businessam StaffDecember 10, 2019
By Samson Echenim
Firms partner on quick delivery of auto spare parts to customers in Nigeria
Businessam StaffNovember 28, 2019
By Samson Echenim
Toyota Nigeria, Globe Motors severe partnership after 25 years
Businessam StaffNovember 28, 2019
Toyota Nigeria Limited (TNL) and one of its dealers, Globe Motors Holdings Ltd (GMHL) have decided to severe ties due to the violation of a dealership agreement between both parties. The Details: It was gathered that both parties chose to terminate their longstanding partnership of 25 years over warranty issues. What this means: Globe Motors […]
Uber appoints new Communication Head for West Africa
Businessam StaffNovember 27, 2019
Uber has appointed Efosa Aiyevbomwan as the new Head of Communication for its West African operations. With over a decade global experience across communication and brand marketing, Aiyevbomwan is expected lead all communication and media engagement of the company to further promote the Uber brand across the West African region, which includes Nigeria and Ghana. Head, Communications, Uber Sub Saharan Africa, said, “Efosa joining […]
Hyundai workers shelves planned industrial action as downturn threatens auto industry
Businessam StaffSeptember 3, 2019
Kenneth Afor with agency report Union workers at Hyundai Motor in South Korea on Monday, have voted to shelve the planned industrial action in the company. The workers had earlier planned to down tool production following the company’s decision to offer the lowest bonus to its workers in nearly two decades. According to news wire […]
Renault partners Coscharis in a distribute and assemble deal
Businessam StaffJuly 18, 2019
French carmaker Renault and Nigerian conglomerate Coscharis Group have formed a partnership to assemble and distribute Renault vehicles in Nigeria, the companies said on Thursday. The Coscharis Group plant will start assembling Renault Logan and Renault Duster vehicles and will distribute the cars through their sales network throughout Nigeria from October. “With a population of […]
Cars45 reiterates desire to fulfil brand promise with launch of 2 car lots
Afolabi OluwaseunJuly 16, 2019
Automotive trading platform Cars45 has unveiled two more Carsbazr franchise lots at Egbeda and Shogunle in Lagos, in partnership with Auction.com Ltd. Cars45 chief financial officer (CFO) Jide Adamolekun, who spoke at the launch, stated that the move is in a bid to fulfil the brand promise of providing end-users with cars at affordable prices […]