Car

Companies Boost for banks as car buyers flock to auction yards Friday September 22 2023 Vehicles scheduled for auction. FILE PHOTO | NMG Kenyans put off by a sharp rise in car import prices due to a severely weakened shilling…

Car shoppers are heading for a new round of sticker shock if the strike by the United Auto Workers doesn’t end soon, particularly for popular vehicles that are already in short supply. The number of vehicles on dealer lots will shrink…

Not just China and the US, but Europe tooThe great scramble for the global car market is underway and it looks like China will win.Last year China unleashed a carefully planned ramp up in EV production from the ground up, including an…

© Reuters. FILE PHOTO: A Renault wallbox charging station is used by a Renault Captur hybrid car at a dealership in Les Sorinieres, near Nantes, France, October 23, 2020. Picture taken October 23, 2020. REUTERS/Stephane Mahe/File Photo…

halbergman Companies that aren’t making money from used cars are doing something very wrong. Used car sales and prices surged during the pandemic as new vehicle production fell with the Covid-induced supply chain disruptions. But while…

Economy KRA hits used car imports with more taxes, again Friday September 01 2023 GRAPHIC | CHRISPUS BARGORETT | NMG The Kenya Revenue Authority (KRA) has hit used car importers with a fresh round of tax increments after capping…

Economy President Ruto plans to impose a tax on new cars and a value-added tax if the court blocks the Finance Act Friday, July 21, 2023 President William Ruto with Managing Director of the International Monetary Fund,…

China's largest automaker, SAIC Motor, said it would build its first factory in Europe, after sales of its cars jumped on the continent. The state-controlled company - which owns the famous MG brand - says the new plant will produce…

Economy Kenyan car buyers were hit by 35 per cent import duties in the EAC deal Tuesday 04 July 2023 Used cars at the yard of Eyre Motors in Mombasa County. file image | Wachira Mwangi | NMG Kenyan car buyers have been hit…

© Reuters. A Nidec Corp. logo is pictured at an earnings results press conference in Tokyo, Japan, July 25, 2018. REUTERS/Kim Kyung-hoon/file photo TOKYO (Reuters) - Nidec said on Sunday it is collaborating with Brazil's Embraer to…