Volkswagen said it plans to invest roughly 16 billion reais (€3.3 billion) in Brazil by 2028, more than doubling Volkswagen’s plans for the market. Volkswagen had previously announced plans for investing about 7 billion reais in Brazil by 2026. Volkswagen’s Brazilian subsidiary announced the latest investment plans on Friday. The ...

The National Council on Climate Change (NCCC) and Climate Action Africa (CAA) have joined forces in a strategic partnership to address the pressing challenge of climate change in Nigeria. The partnership was solidified with the signing of a Memorandum of Understanding at the NCCC office in Abuja recently. This collaboration ...

InMotion Ventures, the investment arm of JLR (Jaguar Land Rover) has announced a $1.2M USD investment in Energy Source – an early-stage Brazilian startup offering solutions for the repair, reuse and recycling of lithium batteries. This is InMotion Ventures’ first investment in Brazil as the team looks to capitalise on ...

The Chairperson/Managing Director, Volkswagen Group South Africa (VWSA), Martina Biene, has adduced reasons why  the leading German automobile brand wants to return to Nigeria after exiting the local market a few years ago.  Biene, who also heads the Volkswagen Group Africa operations, said her company would like to return to Nigeria ...

New vehicle sales started 2024 where they left 2023 off: with the choke on waiting for conditions and performance to improve. According to figures released by naamsa | the Automotive Business Council, new vehicle sales started on a weak footing, albeit with bigger volumes than December. January sales registered 41,636 ...

Fidelity Services Group confirms that while vehicle hijackings are increasing in general, the group had not experienced any particular spikes in the number of vehicle hijackings nationally over the festive season.  CEO,  Fidelity Services Group, Wahl Bartmann, says, “Fortunately no spikes in hijackings were recorded from our perspective over the festive ...

The government of Italy has unveiled a near US$6 billion plan to support African development at a one-day Italy-Africa plan in Rome on Monday. African Development Bank Group President, Dr Akinwumi Adesina, joined 25 African leaders and European Union officials at the summit. The summit—which took place as Italy assumes ...

A study by the environmental research association, ICCT, has revealed that the difference between manufacturer estimates and actual carbon dioxide (CO2) emissions for new cars has widened. In 2022, new cars registered in Germany emitted 14.1% more CO2 on average than stated by car manufacturers, the researchers announced in Berlin ...

According to an analysis by consulting firm PwC, German car manufacturers have made up ground on the world’s electric car markets. In China, their largest sales market, they sold 49% more e-cars last year than in the previous year, growing twice as fast as the overall market, PwC said on ...

CFAO Mobility, a pioneering name in the mobility solutions industry, recently hosted the “CFAO Mobility Open Day” at Harbour Point, Victoria Island, Lagos on Thursday, January 25, 2024. The event lived up to its promise, offering attendees an immersive experience in the realm of cutting-edge mobility solutions. The Open Day ...