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The European Union says Nigeria’s automotive industry is among its target private sector industries for long-term investment and development. An EU delegation led by Ambassador Ketil Karlsen made this known during a recent visit to PAN Nigeria Limited.
Karlsen noted Nigeria’s strong partnership with the EU and commitment of companies like PAN in sustaining business ties with France and maintaining qualitative standards of operations… More details through: https://punchng.com/nigerias-auto-industry-among-eus-investment-targets-delegate/
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CFAO has partnered with Total to launch its first multi-brand, quick service franchise, AutoFast, in Total Retail Network service stations across Nigeria.
AutoFast, which currently has footprints in several African countries, offers quality and affordable car maintenance and repair services to vehicle users across the country. Total and CFAO have expressed satisfaction with the partnership which was consummated at an event at the Total service station, Wuse Zone 6, Abuja. More details through: https://www.dailytrust.com.ng/cfao-total-seal-deal-on-multi-brand-auto-service.html French carmaker Renault and Nigerian conglomerate, Coscharis Group, have formed a partnership to assemble and distribute Renault vehicles in Nigeria beginning from October, the companies said on Thursday.
A report by Reuters indicated that the Coscharis Group plant would start assembling Renault Logan and Renault Duster vehicles and would distribute the cars through their sales network throughout Nigeria… More details through: https://punchng.com/coscharis-to-assemble-renault-cars-from-october/ Automobile enthusiasts in Nigeria are about to get fired up and live their passion once again as the renowned French automobile brand, Renault, makes a return to the country.
Precisely on Thursday, Renault will make a giant stride back into the Nigeria market. However, this time around, it will be led into the market by Nigeria’s foremost automobile dealership, Coscharis Motors Plc, one of the subsidiaries of the Coscharis Group… More details through: https://thenationonlineng.net/renault-returns-to-nigeria/ 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 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/ |
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