Auto

September 20, 2017

1

IFC Supports BMW Investment in South Africa Auto Industry

IFC, a member of the World Bank Group, today announced an agreement to help BMW South Africa build local capacity and support a stronger, diversified local economy through a $150 million rand-equivalent loan. The IFC financing is part of ZAR 6 billion investment in a BMW plant in Rosslyn that will produce the new BMW X3.

The financing comes as South Africa seeks new"...

Continue Reading >

September 19, 2017

2

Official: No Cars Imported By Algerians In 2017

The Renault, Hyundai and Volkswagen factories are expected to inject brand-new 100,000 vehicles in Algeria before December 31ST 2017, while a number of licensed car dealers announced yesterday that they will register a 'blank year' in 2017 due to late issuance of import licenses for the current year until now.

If they are issued, they will not be able to import new vehicles before January 2018. These are agents who bring in their cars from"...

Continue Reading >

September 17, 2017

3

MAXION Flexible Wheel with MICHELIN ACORUS Technology

(AETOS Wire)-- Innovation has always been part of Michelin’s genetic code – driving mobility and tire developments for more than 100 years. Now with MICHELIN ACORUS Technology, in partnership with Maxion Wheels, Michelin is reinventing the wheel to help eliminate road-based damage to tires and rims.

The patented new technology, developed by Michelin and Maxion Wheels for the passenger car wheel"...

Continue Reading >

September 13, 2017

4

Traditional automakers planning to mass produce e-cars

Competition in the electric car market is all set to build up as a number of auto giants including Jaguar Land Rover, Ford and BMW are planning to mass produce e-cars to challenge the pioneer Tesla Inc.

Traditional automakers are more rapidly shifting to the zero-emissions electric cars as they are trying to gain market share in a lucrative space that is currently dominated by Tesla.

Ralf"...

Continue Reading >

September 13, 2017

5

Velodyne LiDAR Awarded Perception System Contract from Mercedes-Benz

(AETOS Wire)-- Velodyne LiDAR Inc., the world leader in 3D real-time perception systems for autonomous vehicles, today announced its selection by Mercedes-Benz Research & Development as a critical sensor supplier for the VLP-32C Ultra Puck™ for further development of fully automated and driverless vehicles.

“We’re pleased to have our LiDAR technology included in Mercedes-Benz’s"...

Continue Reading >

September 10, 2017

6

Luxury, Performance and the Latest World Premier Concept Car - Where GCC Driving Enthusiasts Need to Be

Where do you go to see the most innovative cars about to be launched into the GCC? The International Motor Show (IAA) in Frankfurt/Main, September 14-24, 2017. At IAA visitors from the GCC will get to experience hands-on the most anticipated automotive launch in the region, both the BORGWARD BX5 and the BX7. They will also be at the world premiere of the BORGWARD IsAbellA Concept.

One of the surprises at BORGWARD"...

Continue Reading >

September 7, 2017

7

Local Spare Parts Dealers throw weight behind Auto Parts West Africa Exhibition

Auto Parts West Africa Show, an international trade show on Automobiles and its vertical industries has partnered with local spare parts dealer associations to organize its maiden exhibition in Ghana to promote and expand the automobile industry.

The event slated for September 13 to 16, 2017, at the International Trade Fair Center will witness exhibitors from fifteen countries across the globe. The exhibition is in partnership with United Spare Parts Merchants of T.U.C and Kokompe Spare Parts Dealers Association....

Continue Reading >

September 6, 2017

8

Chinese carmaker plans aggressive push into South Africa with R11 billion factory in Port Elizabeth

BAIC, the car brand owned by the Beijing Automotive Group Co. from China has announced that it plans to make a R11 billion investment in a vehicle manufacturing plant in Port Elizabeth, which is expected to be operational in 2018.

In April 2017, BAIC announced its entry to the South African motor vehicle market through the launch of its D20. The group has now also launched its SUV – the X25 – to the local market, which is currently being"...

Continue Reading >

August 29, 2017

9

Huge demand for skills in SA car industry' - MIWA

Economic uncertainty has curtailed consumer spending and this conservative trend is now being felt in the motor industry with South African motorists tending to hold onto their private vehicles for longer periods.

This has in turn seen increased demand for independent workshops, especially for motorists whose existing dealer maintenance and repair plans have expired.

While"...

Continue Reading >

August 25, 2017

10

Ford Names New Chairman and CEO for Ford China; New Vice President of Powertrain Engineering

Ford Motor Company today announced a new chairman and CEO of Ford China and head of Powertrain Engineering as it continues to strengthen its global leadership team.

Jason Luo is named chairman and CEO Ford China. In his new role, Luo will lead all of the company’s operations in Greater China including its import business, Lincoln, its passenger car joint venture Changan Ford, commercial vehicle investment in Jiangling Motors Corporation, and"...

Continue Reading >


Forex News Headline



Forex Market Video