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Toyota car fault prompts massive recall

    Japanese car giant Toyota has announced a recall of more than 2.4 million hybrid vehicles worldwide because of a fault in their systems that could cause them to lose power. The recall of Prius and Auris cars includes 1.25 million in Japan, 830,000 in North America and 290,000 in Europe, of

Nigeria: U.S.-China Trade War Worsens Nigeria’s Non-Oil Exporters’ Woes

Local non-oil exporters may have started feeling the heat of the trade war between global economic leaders. Although projections from international trade bodies showed that average tariffs on exports from Nigeria and Zambia might not go beyond 10 percent under the ordeal, the affected businesses are already decrying slow demand

Automakers warn U.S. tariffs will cost hundreds of thousands of jobs, hike prices

A coalition representing major foreign automakers in U.S   Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving cars. A coalition representing

Harley-Davidson to make more motorcycles outside the US

Harley-Davidson plans to shift some motorcycle production away from the US to avoid the "substantial" burden of European Union tariffs. Last week, the EU imposed retaliatory tariffs on US goods, including bourbon, orange juice and motorcycles. The measures are a response to new US duties on steel and aluminium imports. Wisconsin-based Harley-Davidson said

NCAA defends figures on 2017 air passenger traffic, revenues

The Nigerian Civil Aviation Authority (NCAA) has reaffirmed the veracity of the recently released 2017 statistical data on the aviation industry on passenger traffic and revenues earned by both domestic and international airlines. In a recent presentation at the Aviation Round Table (ART) breakfast forum in Lagos, the regulatory authority said