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Monthly Archives: January 2016

VOLVO XC90 SCOOPS MORE LOCAL, INTERNATIONAL AWARDS

The award-winning new Volvo XC90 has added a few more trophies to its cabinet, both in South Africa and on the global stage. At the inaugural Cars.co.za Consumer Awards held in Johannesburg on Thursday, January 14, 2016, the new Volvo XC90 was named Premium SUV of the Year. Judged by ...

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SA-BOUND LEXUS LC 500 WINS TWO AWARDS IN DETROIT

 The stunning 2017 Lexus LC 500 – a luxury performance coupe – captured top honours for the best-designed production car and the best interior at the 10th annual EyesOn Design awards at the Detroit Motor Show. Awards, according to a statement issued on Friday, are decided by a high-powered group ...

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ANOTHER $200M WORLD BANK BOOST FOR LAGOS ROAD PROJECTS

The Federal Government on Wednesday gave approval for the release of the second tranche of the $600 million World Bank loan for the Lagos State Government to complete its road projects. Minister of Information and Culture, Lai Mohammed and his Power, Works and Housing counterpart, Babatunde Fashola, who disclosed this after ...

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GENERAL MOTORS DISTRIBUTOR, MAC GHANA, WAXES STRONGER

Since it officially opened its doors as the new authorised dealer for Chevrolet and Isuzu vehicles in Ghana last November, MAC Ghana has continued to wax stronger in the country’s automotive sector. Situated in Accra, the Ghanaian capital, MAC Ghana is geared to provide the Ghanaian market with the global ...

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GM TO SELL USED CARS THROUGH NEW ONLINE PLATFORM

General Motors said it would soon be selling some of its used cars online to the general public in the U.S. Through a new website set to launch in February called the Factory Pre-Owned Collection, the automaker said it will sell low-mileage GM lease daily rental and company-owned vehicles. GM chairman and ...

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VOLVO BREAKS 89-YEAR RECORD, REPORTS GLOBAL SALES OF 503,127 UNITS IN 2015

 Volvo Cars said on Wednesday that it sold 503,127 vehicles in 2015, stressing that it was the first time it has sold more than half a million cars in its 89-year history. The new sales record, according to a statement , underscores the strength and sustainability of Volvo’s ongoing operational ...

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DE VILLIERS/VON ZITZEWITZ MOVE UP INTO THIRD OVERALL OF DAKAR 2016

Stage 10 of Dakar 2016 brought the fearsome dunes of the Catamarca near the town of Fiambalá properly into play, as a number of the top crews faltered under the relentless South American sun. For Toyota Gazoo Racing SA, it was again a day where the gods of the Dakar ...

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DRAMA AS STAGE 9 OF DAKAR 2016 IS SHORTENED

With four more stages to go, extremely hot temperatures, reaching nearly 50 degrees Celsius, plagued Stage 9 of the 2016 Dakar Rally on Wednesday. As a result, the stage was shortened to just 90 km for the cars and trucks, while the motorcycles completed the full 285 km-long route. For ...

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GM INCREASES EARNINGS OUTLOOK FOR 2016, ANNOUNCES INCREASED RETURNS TO SHAREHOLDERS

 General Motors Co. Wednesday announced an increase to its 2016 earnings per share adjusted outlook to between $5.25 and $5.75, up from the prior outlook of $5.00 to $5.50 provided on Oct. 1, 2015. The company also expects improved EBIT-adjusted, EBIT-adjusted margin and automotive adjusted free cash flow. Based on ...

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