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Monthly Archives: August 2016

‘Nigeria’s local vehicles production dropped to 2,500 units in 2015’

Local vehicles production in Nigeria dropped from 4,000 units in 2014 to 2, 500 units in 2015, according to The Deloitte Africa’s Automotive Insights, published in April 2016. This came despite the efforts of the Nigerian Government to encourage local automobile production through the launch of the Nigeria Automotive Industry ...

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Only 2% of Nigerians can afford new vehicles – Report

It has been revealed that merely two percent of Nigeria’s population can afford to buy new vehicles, given the current economic challenges and financing environment. It is also estimated that approximately 10% of vehicles imported to Nigeria are brand new as new vehicles remain out of reach for most Nigerians, ...

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Delegation of African automotive manufacturers meets President Buhari in Abuja

A delegation from the African Association of Automotive Manufacturers (AAAM), led by Jeff Nemeth, Chairman of AAAM, who is also the President and CEO of Ford Motor Company Sub-Saharan Africa Region, Tuesday, visited Nigeria’s capital city, Abuja, to engage with government and industry leaders. This came as the development and ...

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New industry association leads development of African automotive sector

ABUJA, Nigeria, 16 August, 2016 – The development and promotion of a cohesive automotive strategy for the African continent is gaining new impetus due to the strategic vision and guidance of the African Association of Automotive Manufacturers (AAAM). A delegation from AAAM, led by Jeff Nemeth, Chairman of AAAM a ...

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Volvo 140: Volvo’s first million-seller celebrates 50 years

On 17 August 1966, the Volvo 144 was presented in the midst of an ongoing manhunt. With this new model series, Volvo could develop into a considerably bigger car maker. In eight years, no fewer than 1.25 million cars were produced – creating Volvo’s first million-seller. At its global launch, ...

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Suzuki, Yamaha, others to unveil new products at Jo’burg Boat Show

  As preparations for the 2016 Johannesburg Boat Show scheduled to hold from August 26 – 28 at the Johannesburg Expo Centre, Nasrec get to a fever pitch, Suzuki, Yamaha and others have concluded plans to launch new outboard motors and related products at the show. Suzuki is set to ...

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Jaguar Land Rover achieves best ever July sales results

Jaguar Land Rover, the UK’s leading manufacturer of premium luxury vehicles, said it has reported its best ever July retail sales of 44,486 vehicles, up 34% compared to July 2015. The month’s record performance, according to a statement issued in Whitley, UK, was driven by strong sales of the Land ...

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BMW Group: 180,080 vehicles delivered to customers in July

The BMW Group said it achieved a new July sales record with a total of 180,080 vehicles delivered to customers around the world, an increase of 4.0% on the same month last year. Coming off the back of a record first half-year, this solid start to the third quarter, according ...

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Oyeyemi’s two years of action in FRSC

(By Sani Abdullahi) When former Corps Marshal, Osita Chidoka, was asked by some reporters in Lagos in 2013, what legacy he hoped to leave behind at the Federal Road Safety Corps (FRSC), his simple response was, “Human capital.” He unequivocally added that the human capital stuck in the FRSC was ...

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