PiggyVest, Mikano Motors partner to make new car acquisition easier
By Theodore Opara PiggyVest, Africa’s pioneer online savings and investment platform, has partnered with Mikano Motors to introduce a new savings scheme designed to enable more Nigerians to own brand-new vehicles without paying the full cost upfront. Under the initiative, announced at a press conference at Mikano Motors’ headquarters in Victoria Island, Lagos, on Wednesday, […]
Banks, customers, identify with Suzuki Open Day
POISED to flaunt the salient features and Japanese technology of Suzuki vehicles in Nigeria, CFAO Motors, has commenced an open day event in collaboration with partner banks.
The patriotism that hooks Dangote to Schacman
THE Nigeria automobile industry, no doubt is one of the worst hit since the introduction of the nations auto policy some years ago. From the lo cal manufacturing to the importation, the sector has faced challenges over a period of more than seven years.
Aston Martin shares in reverse as annual losses balloon
Shares in Aston Martin tanked Thursday after James Bond’s favourite carmaker said net losses nearly doubled last year on weak global demand — and warned over the potential impact of coronavirus. Losses after tax accelerated to £113.2 million ($147 million, 135 million euros) in 2019, Aston said in a results statement. That compared with a […]
Audi, BMW resume operations in China
German carmakers Audi and BMW have resumed production in China after facing constraints due to the coronavirus outbreak. Production restarted on Monday, according to a BMW spokesman, while an Audi spokeswoman said that operations have returned to normal for its joint venture production and in all other business areas. Audi’s board member for marketing and […]
Nissan downgrades forecasts as 9-month net profit plunges
Crisis-hit Japanese automaker Nissan said Thursday its net profit plunged more than 87 percent for the nine months to December as it struggles with weak demand and fallout from the arrest of former boss Carlos Ghosn. Nissan revised downwards its full-year sales and profit forecasts but warned that the impact from the spreading coronavirus crisis […]
