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Manufacturing
Nissan To Launch 30 New Models By 2027, Boost Global Sales Volumes
Nissan Motor said on Monday it would launch 30 new models over the next three years and aim to raise its global sales by 1 million vehicles while cutting costs to improve profitability. Announcing an update to its medium-term business plan,…
China Vows To Treat Foreign Firms Equally Amid Industrial Upgrade Push
China pledged on Monday to treat foreign companies the same way as domestic peers in a bid to attract more foreign investment, cooperation and expertise, as Asia's largest economy moves to upgrade and strengthen its industrial chains.…
Operational Costs Gulp N5.2trn From BUA, Dangote, Lafarge Cements In 5yrs
The operational costs of the three major cement companies in the country shot up to N1.65 trillion in 2023, an additional N50 billion to the N1.15 trillion they expended to keep their plants running in 2022.
The surging costs of doing…
Toyota’s Global Output Rises By 7% In January
Japan's Toyota Motor said on Wednesday global vehicle production rose by 7% in January, marking a year-on-year increase for the 13th straight month as the automaker benefited from strong U.S. demand.
Output for January increased to…
Mercedes-Benz Says Plug-In Hybrids To ‘Stay Relevant’ Amid EV Demand Slowdown
Benz (OTC:MBGAF) expects lower returns on sales across its cars and vans division this year, it said on Thursday, flagging "exceptional" uncertainty caused by conflicts in the Middle East and Ukraine and tensions between China and the U.S.…
NAFDAC Clarifies Ban on Alcohol In Sachet, Pet Bottles
NAFDAC has clarified it did not ban alcohol production in bigger bottles but those contained in containers like sachet or PET bottles that are less than 200ml that a child can easily conceal and drink.
Mojisola Adeyeye, the…
Reps Intervene As MAN Backs DIBAN Against NAFDAC On Ban of Sachet Alcoholic Beverages
The House of Representatives has said the decision to ban spirit drinks in sachets and PET bottles less than 200ml contradicted the Constitution of the Federal Republic of Nigeria, 1999 (as amended), and against the economic recovery plan…
Volkswagen To Invest A Further $1.8 Billion In Brazil In Next Five Years
German carmaker Volkswagen said on Thursday it will invest an additional 9 billion reais ($1.83 billion) in its Brazilian business over the next five years and launch 16 new models, including hybrid and electric vehicles.
The new…
Toyota Beats Volkswagen To Retain World’s Biggest Automaker Spot
Toyota Motor Corporation beats Volkswagen AG to retain the world’s top carmaker for a fourth consecutive year after selling 11.2 million passenger vehicles in 2023.
Volkswagen trailed with deliveries which increased 12 per cent to 9.24…
MANEG Executive Seeks Trade Minister’s Intervention In Payment Of Export Grant Backlog
Okhai Ehimigbai, an executive of the Manufacturers Association of Nigeria Export Group (MANEG) has sought the intervention of the Trade Minister, Doris Uzoka-Anite in the payment of the backlog of the unpaid Export Expansion Grant (EEG)…