automotive industry

Tesla Launches Affordable New Model Y to Take on Growing Competition | Automotive Industry News
In an effort to combat declining sales, the electric vehicle manufacturer introduces more budget-friendly versions of its popular models. Published On 7 Oct 20257 Oct...

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International News
2 hours ago2 hours ago

In an effort to combat declining sales, the electric vehicle manufacturer introduces more budget-friendly versions of its popular models. Published On 7 Oct 20257 Oct 2025 Click here to share on social media share2 Share Tesla has introduced more economical variants of its flagship Model Y SUV and Model 3 sedan, priced at $39,990 and...

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How Strong Policy Credibility Can Drive Domestic Automobiles to Outsell Imported Brands, Analysts Reveal
Experts believe that with credible policies, improved infrastructure, and a more business-friendly macroeconomic environment, Nigeria’s automotive industry has the potential to surpass the stiff competition...

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Politics Today
2 days ago2 days ago

Experts believe that with credible policies, improved infrastructure, and a more business-friendly macroeconomic environment, Nigeria’s automotive industry has the potential to surpass the stiff competition posed by imported vehicles. For many years, Nigeria has aspired to develop a self-sustaining automotive sector capable of generating employment, fostering technology transfer, and reducing dependency on foreign imports. This...

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Tesla Sales Surge as Buyers Rush to Beat EV Tax Credit Deadline | Automotive Industry News
Tesla experienced a notable surge in sales during the third quarter, driven largely by U.S. consumers eager to capitalize on electric vehicle (EV) tax incentives...

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International News
5 days ago5 days ago

Tesla experienced a notable surge in sales during the third quarter, driven largely by U.S. consumers eager to capitalize on electric vehicle (EV) tax incentives that were phased out following the tax legislation enacted under President Donald Trump earlier this year. On Thursday, Tesla announced a 7.4% year-over-year increase in vehicle sales, fueled by a...

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Jaguar Land Rover Demands Suppliers Use Homes as Loan Collateral Following Cyberattack
In the wake of a debilitating cyber-attack that halted Jaguar Land Rover’s operations, smaller suppliers have been compelled to offer their personal residences as collateral...

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International News
6 days ago6 days ago

In the wake of a debilitating cyber-attack that halted Jaguar Land Rover’s operations, smaller suppliers have been compelled to offer their personal residences as collateral to secure emergency financing, with no direct financial aid from the UK government for component manufacturers a month after the incident. As the UK’s largest automotive employer, Jaguar Land Rover...

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Rising Imports and Inflation Pose Major Threats to Auto Manufacturing Growth
The Nigerian automotive sector is currently grappling with considerable challenges, as the surge in imported foreign vehicles combined with soaring inflation threatens the advancement of...

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Politics Today
3 weeks ago3 weeks ago

The Nigerian automotive sector is currently grappling with considerable challenges, as the surge in imported foreign vehicles combined with soaring inflation threatens the advancement of indigenous vehicle manufacturing and assembly operations. Industry leaders have voiced apprehensions that these issues could derail government initiatives aimed at fostering local automotive production, curbing unemployment, and driving economic progress....

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