Hyundai Motor Company, the fastest-growing automaker by brand, announced its 2012 full-year earnings results. In spite of the challenging business environment with fluctuating exchange rates, Hyundai managed to sustain its upward momentum.

SKODA has produced the 15-millionth car. The jubilee vehicle – a silver third-generation ŠKODA Octavia – rolled off the assembly line at ŠKODA’s main plant in Mladá Boleslav. The vehicle will be used as a VIP sedan at the ŠKODA Technology Center in Cesana.

In sustenance of the rising demand for Ford vehicles in the local market, Coscharis Motors Ltd, one of Ford’s representative in Nigeria in conjunction with, Ford Motor Corporation USA, has concluded arrangement to introduce Quick Lane tyre and auto centre as well as appoint certified parts wholesale dealers nation-wide.

AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV), which will include the major part of DFG’s medium- and heavy-duty commercial vehicles business. At completion of the transaction, the Volvo Group will become the world’s largest manufacturer of heavy-duty trucks.

RENOWNED luxury car maker, Jaguar has added two more forced-induction petrol engines to its range for 2013. The two new powerplants, 3.0-litre V6 250KW supercharged petrol and four cylinder 2.0 litre 177KW turbocharged petrol joined Jaguar’s existing engine range comprising 5.0 V8 supercharged 375KW, 2.2 litre (turbo diesel) 140KW, 3.0 litre V6 Td (twin turbo diesel) 202KW.