…Forecasts Poor Sales in 2016 By: FRANK BOYEDE (Automotive Business Editor) Less than 12 months after its inauguration, Kia automobile plant in Nigeria has assembled 9000 vehicles, which it sold into the nation’s auto market. [dropcap]T[/dropcap]he company’s Managing Director, Mr. Jacky Hathiramani made the disclosure last week in an exclusive interview with Motoring World International….
FEMI OWOEYE [dropcap]T[/dropcap]oyota Nigeria Limited (TNL) has forecasted a further drop in sales volume by the nation’s auto industry in the year 2016. The managing director of the company, Mr. Kunle Ade-Ojo made the submission recently during a press briefing held at TNL Lekki headquarters, Lagos. According to him, 2015 was very bad for the automobile…
By: FRANK BOYEDE [dropcap]K[/dropcap]ewalram Chanrai Group, dealers of Foton, Isuzu Cherry and Mitsubishi in Nigeria is investing $400 million into automobile assembly plant in the country, because of trust the company has on the nation’s auto policy put in place by the regime of former President Goodluck Jonathan. The company’s Deputy Group Managing Director, Mr….
Africa’s richest man, Alhaji Aliyu Dangote, has submitted a bid for part ownership of Peugeot Automobile Nigeria. As disclosed on Thursday by Kano State governor, Nasir El-Rufai, Dangote’s bid was made jointly with two Northern States’ (Kaduna and Kebbi) as well as Bank of Industries. According to governor El-Rufai, Dangote, and co-bidders are asking for…
