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The National Automotive Design and Development Council (NADDC) has said that Nigeria spends about N2.88 trillion ($8 billion) on the importation of about 300,000 to 400,000 cars yearly…
More details through: https://www.dailytrust.com.ng/nigeria-spends-n2-88trn-to-import-400000-cars-yearly-naddc.html
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The automobile industry has received a major boost as one of the leading auto firms, Lanre Shittu Motors (LSM), has started the local assembly of JAC trucks at its multi-million dollar assembly plant in Lagos.
Located at Amuwo-Odofin on the Oshodi-Apapa Expressway, the plant, it was learnt, has, with the technical support from JAC China, churned out 150 units of JAC trucks. The Nation learnt that the plant has the capacity to produce over 1,800 trucks yearly… More details through: http://thenationonlineng.net/lanre-shittu-motors-builds-standard-assembly-plant-nigeria/ Activities towards the development of Nigeria into an automotive hub commenced yesterday in Lagos with a kick-off workshop for key stakeholders from the public and private sectors in Nigeria, as well as senior management of Volkswagen led by Thomas Schaefer, the Head of Sub-Saharan Region and Managing Director, Volkswagen South Africa…
More details through: https://www.premiumtimesng.com/business/business-news/297525-volkswagen-spearheads-workshop-to-make-nigeria-automotive-hub.html Vice-President Yemi Osinbajo on Tuesday said Nigerians were spending about $8bn (N2.45tn at the official exchange rate of N306.55 to $1) on a yearly basis on the importation of vehicles into the country. Osinbajo, who was represented by the Director General, National Automotive Design and Development Council, Jelani Aliyu, disclosed this at the 19th Abuja Motor Fair…
More details through: https://punchng.com/nigerians-spend-n2-45tn-yearly-to-import-vehicles-osinbajo/ Nigeria looks set to witness the relaunch of Jeep, Fiat and Dodge, three popular automobile brands under the stable of Kewalram Chanrai Group. A statement by the auto firm said the resurgence of the auto brands in Nigeria was based on the demand by its customers, adding that it planned to leverage the firm’s customer relationship and nationwide after-sales network to further endear the products to the hearts of the vehicle buying public…
More details through: https://punchng.com/jeep-fiat-dodge-set-for-relaunch-in-nigeria/ THE impact of the National Automotive Policy on the local vehicle manufacturing industry in Nigeria has been boosted with the assemblage of VolksWagen (VW) trucks by AG Leventis Nigeria in Ibadan. Asade, Chief Operating Officer, AG Leventis noted that about 54 licenses have so far been issued by the National Automotive Design and Development Council (NADDC) for local assembly of vehicles, with the firms having installed capacity of 410,000…
More details through: https://www.vanguardngr.com/2018/08/auto-policy-leventis-assembles-vw-trucks-in-ibadan/ MB Automobile Services Limited – one of the authorised passenger car dealers of Westar Associates Limited, says it has unveiled a world-class, state-of-the art showroom in Lagos.
It said in a statement that the decision was informed by its resolve to establish a strategic point of sale location that would appeal to customers and provide easy access and better customer service for existing and prospective high net worth clients in Lagos… More details through: http://punchng.com/mercedes-benz-gets-new-lagos-showroom-sells-1-18-million-cars/ Mr Thomas Schaefer, the Chairman and Managing Director of Volkswagen, says the company is ready to produce two million made-in-Nigeria cars as soon as President Muhammadu Buhari gives assent to the automotive industry bill into law. Schaefer made the statement in Abuja during an interview with newsmen as he led a delegation to discuss developing the African automotive industry by adopting an African approach…
More details through: http://www.businessdayonline.com/business-economy/article/volkswagen-awaits-automotive-law-produce-2m-cars-nigeria-md/ Elysium Integrated Development Company has submitted a proposal to invest about $27m (N9.7bn) in a mass transit ground transportation structure at the Murtala Muhammed Airport, Lagos, the Minister of State for Aviation, Senator Hadi Sirika, has said…
More details through: http://punchng.com/firm-to-invest-n9-7bn-in-lagos-airports-ground-transport/ |
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