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Business Wheels

Mercedes-Benz hits 2.1m sales mark

  This November, Mercedes-Benz delivered 195,698 vehicles to its customers, thus achieving the 57th record month in succession with a 7.2% increase. This adds up to a sale of 2,095,810 units since the beginning of the year 2017. This represents not only the best-ever figure for the period of January ...

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Mazda to unveil new SUV

Four years ago, CEO Masamichi Kogai predicted Mazda would be notching annual U.S. sales of 400,000 vehicles by now. Instead, it is in a second-straight year of decline, with volume under 300,000 and market share retreating from an erstwhile goal of 2 percent. Now Kogai says the U.S. resurgence will ...

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Ford to partner Mahindra on electric vehicles in India

Ford Motor Company and its Indian partner Mahindra & Mahindra Ltd. could create their own electric car line in the country to help battle pollution from the vehicles clogging India’s roads, Chairman Anand Mahindra said. Mahindra & Mahindra, which already sells the e2o micro electric car, would be open to ...

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Report predicts drastic drop in Vehicle sales

Global vehicle sales will decline over the next two decades as consumers embrace on-demand ride services such as Uber, according to a study by IHS Markit. Annual private vehicle sales in the U.S., Europe, China and India will decline over the next 23 years to 54 million in 2040, the study ...

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Mercedes-Benz Pick-Up to debut in 2018, may cost $45,000

Mercedes-Benz first pick-up is to debut in April 2018. Already, more than 7,000 buyers have registered their interest online for the new Mercedes pick-up.   According to agency report, the rise in demand comes as the Toyota Hilux is on track to become Australia’s top-selling “car” for the second year ...

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Hyundai pick-up may debut in U.S.

Three years after Hyundai disclosed the concept of Santa Cruz, details regarding a production version are still quite limited at this point.   New info has emerged this week as South Korea’s Seoul Economic Daily is reporting the utilitarian vehicle could be manufactured in the United States in a bid ...

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ITFC, SNTL Morocco Launches Study to Bridge the Gap between Morocco and Africa

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, signed a partnership agreement with the National Company of Transports and Logistics, SNTL, in the Kingdom of Morocco, under the umbrella of the Aid for Trade Initiative for Arab States (AfTIAS), to launch a ...

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TRAFFIC DECONGESTION: LAGOS TO CONSTRUCT MULTI-LAYER CAR PARKS IN STRATEGIC LOCATIONS

Newly commissioned Alapere bus stop with comfortable Shelter, Lay-by, Lighting, Walkways, Guard-rails, passenger information system and Wire-mesh Fencing for pedestrian protection, by the Lagos State Government on Tuesday, October 10, 2017.     …Commissions Modern Bus Stop, Lay-By In Alapere-Ketu     The Lagos State Government has announced plans to ...

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Hyundai global brand value hits $13.2b

Hyundai has maintained its position as one of the world’s 40 most valuable brands for the third year in a row, according to the latest Best Global Brands report from respected international consultancy Interbrand. The carmaker retained its place as the world’s 35th most valuable brand and sixth most valuable ...

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Again, Toyota Hilux emerges best in pick-up segment, delivers 3995 units

Toyota Hilux has emerged as South Africa’s best-selling vehicle as at September, 2017. Already, the Hilux has delivered 3995 units to Customers across the country. Within the period, Ford Ranger sold 2337 units, leaving Nissan NP200 in third place (1638 units), Isuzu KB (1440 units), followed by the Nissan NP300/Hardbody(1013 ...

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