Home » Archives by category » X-News » Business » Automotive
Available, But Non-Drivable

Available, But Non-Drivable

Addis Ababa, Ethiopia – As the Ethiopian economy sprints forwards at a fast rate – with annual growth of 10.5pc over the past decade, according to World Bank records – the demand for automobiles is witnessing a rapid rise. This has opened the window for the flourishing business of importing and retailing cars. Official data […]

New Association to Put Ethiopian Automotives on the Right Road

The new association, established with 14 members, will focus on improving the processes within the sector. By Fasika Tadesse Addis Ababa, Ethiopia – The Automotives and Machineries Importers & Assembly Sectoral Association was established with an official launching ceremony at the Sheraton Addis Hotel on Thursday, June 5, 2014. The Association was established with fourteen […]

Continue reading …
Lifan Motors Has a Long Road Vision in Ethiopia

By Ayenew Haileselassie The company is facing fierce competition from used cars, with brands like Toyota remaining popular. Addis Ababa, Ethiopia – Lifan has recently moved into a new plant at the Eastern Industry Zone in Dukem, 37kms outside the capital, Addis Abeba. The company says, however, that it is in business in Ethiopia more […]

Continue reading …
Chinese Car Company to Launch New Multi-Million Dollar Plant

By Hiwot Seyoum Addis Ababa, Ethiopia – Yangfan Motors Plc is launching a new 4.5 million dollar plant on May 7, 2014, at the Eastern Industrial Zone in Dukem town, where it says it will be able to assemble one car in 30 minutes. The Chinese company concluded the deal for the new facility in […]

Continue reading …
Toyota to pay $1.2 Billion to settle criminal probe

WASHINGTON (AP) — Toyota agreed to pay $1.2 billion to settle an investigation by the U.S. government, admitting that it hid information about defects that caused Toyota and Lexus vehicles to accelerate unexpectedly and resulted in injuries and deaths. Attorney General Eric Holder said Wednesday that the penalty is the largest of its kind ever […]

Continue reading …

Drivers development

Comments Off
Drivers development

The 10th International Automotive Fair (IAF) opened on Wednesday, March 5, 2014, at the Addis Ababa Exhibition Centre. The trade fair, which has become an annual fixture for showcasing the latest trends in the automotive sector, is also celebrating its bronze jubilee. The fair, according to the organizers, is an international manifestation of different products […]

Continue reading …

Prospect of car rental business

Comments Off

Solomon Yitayew, 38, came back to his birthplace recently after living abroad for many years. And, one of the items in his to-do list is to see major historical sites in Ethiopia, preferably in the comfort of his own car. Deciding to rent, Solomon  visited a few of the car rentals in the capital only […]

Continue reading …
Shoom Shufair, road safety campaign launched in Addis Ababa

Addis Ababa, Ethiopia - Meta Abo Brewery S.C. Diageo along with the Ethiopian Road Transport Authority launched a don’t drink and drive campaign at the Hilton Hotel on Friday 3rd of January. The campaign called Shoom Shufair, which means designated driver (someone who is delegated to abstain from alcohol in order to drive friends home safely at […]

Continue reading …

Press Release NASHVILLE, Tenn. – Nissan today announced U.S. pricing for the 2014 Nissan Altima sedan, which is on sale now at Nissan dealers nationwide. Redesigned inside and out for the 2013 model year, the fifth-generation design Nissan Altima – the most innovative Altima ever and Nissan’s top-selling vehicle – offers a number of significant enhancements […]

Continue reading …
Toyota overtakes BMW to regain most valuable brand title

By Viknesh Vijayenthiran | High Gear Media Brand value can be a fickle thing. It’s impossible to measure accurately and it can be affected by numerous volatile factors. But at the end of the day, if a consumer is willing to pay more for one brand over another then brand value becomes a vital indicator of a company’s […]

Continue reading …
Page 1 of 212