Volvo Cars has reported a robust 66 per cent increase in operating profit in 2016 to SEK11bn (~R16.67bn), compared to SEK6.6bn (~R10 bn) in 2015, as global sales hit a new record of 534 332 cars. Net revenue for the period increased 10 per cent to SEK180.7bn  (~R273.87bn) compared to ...

The Chief Executive Officer of the Sierra Leone Road Safety Authority (SLRSA), Dr. (Mrs.) Sarah Bendu, has applauded the Nigerian Government and Management of the Federal Road Safety Corps (FRSC) for the bilateral, moral and technical assistance the nation and the FRSC have rendered to her country for the development ...

Solid product demand in the US, China and Western Europe as well as the continued benefits of Nissan’s  strict cost controls and synergies from its Alliance strategy boosted the 2016 sales record of the auto giant, according to the financial results for the nine-month period to December 31, 2016 released ...

Weststar Associates Limited, sole general distributor of Mercedes-Benz in Nigeria, has announced the arrival of  the  2017  Mercedes-Benz E-Class in the country even as it flaunts the cutting-edge features of the luxury sports sedan. The compelling features of the new luxury sports sedan, according to Weststar, are a good proof ...

South Africa’s automotive component manufacturers, operating under the aegis of National Association of Automotive Components and Allied Manufacturers (NAACAM), have restated their determination to support automotive manufacturing in Africa with initial focus on Nigeria, Kenya, Algeria and Ethiopia. Representatives of NAACAM who paid a visit to Nigeria’s commercial capital, Lagos ...

Heritage Bank Plc., Nigeria’s leading financial services provider, said it  has restructured its operations in a bid to enhance greater efficiency and resource optimisation in line with its growth and industry innovative agenda designed to strengthen its business across all markets where it operates. A statement from the bank signed ...

    The 2017 Consumer Guide® Automotive Best Buy Award has been given to the 2017 Hyundai Santa Fe and Santa Fe Sport in their respective categories. The duo of Santa Fe and Santa Fe Sport received the award for the midsize crossover/SUV class, competing with 16 other models. For ...

  The U.S. News & World Report has named the 2017 Hyundai Sonata the “Best Midsize Car for the Money,” making this the second time and three years a Hyundai vehicle has won the award. The Sonata’s nomination was shared by 18 other foreign and domestic midsize sedans in one of the industry’s most competitive ...

Hyundai Motor America has revealed the all-new 2018 Elantra GT at the 2017 Chicago Auto Show. Featuring lower, wider, and longer, the all-new Elantra GT adds a more aggressive stance and interior volume to its clean European style and driving dynamics. When the new hatchback arrives this summer, shoppers can ...

Daimler AG is continuing its tradition of rewarding employees for their contributions towards the success of the company as spelt out in Daimler’s profit-sharing scheme as jointly agreed by the Board of Management and the General Works Council. The scheme has been in place at Daimler since 1997 and the ...