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 […]

Uber has suspended the accounts of 240 users in Mexico who may have been in contact with drivers that ferried a person suspected of having the deadly coronavirus. More than 300 people have died from the novel coronavirus in mainland China and although more than 100 people have been infected outside the country, Mexico has […]

DUE to its soaring profile and acceptability in the Nigerian market, JAC Motors, being promoted by Elizade Autoland, bagged three awards in 2019.

2019 was the ninth consecutive record year for Mercedes-Benz, with growth of 1.3% to a total of 2,339,562units delivered worldwide. At the same time, Mercedes-Benz maintained its leading position among the luxury car brands for the fourth year in a row. In all three of its main markets – China, Germany and the USA – the Stuttgart-based brand with the three-pointed star surpassed the high levels of the previous year. China, Mercedes-Benz’s largest market, remained the main growth driver, with sales of 693,443 units representing an increase of 6.2% and a new record year. Last year’s model offensive with a total of more than ten new or revised models led to a significant boost in unit sales, particularly of Compact Cars and SUVs, and contributed to the overall sales growth.

CFAO Equipment, a subsidiary of the CFAO Group and authorized distributor of JCB construction equipment in Nigeria, organised a machine demonstration day in collaboration with JCB officials. The event held last Thursday at the Federal Palace Hotel was a gathering of industry stakeholders, customers and representatives of the two companies.