Globe Motors Nigeria, says it has concluded plans to roll out its $150 million (N29.55 billion) auto assembly plant next month in Lagos which has the capacity to produce 6,000 vehicles annually at the start. Chairman of Globe Motors Holdings, Mr. William Anumudu, told journalists in Lagos that over 10,000 jobs would be created indirectly as a result of the […]
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‘NIGERIA’S VEHICLE PRODUCTION CAPACITY TO HIT 200,000 BY DECEMBER’- NADDC
The National Automotive Design and Development Council (NADDC), yesterday, said the total installed vehicle assemblage capacity in the country will reach 200,000 before the end of the year. With new automakers, including Century Auto (Toyota), TATA, Coscharis Auto (FORD, Joylong, Dongfeng), Globe Motors (Higer, Globe), Leventis (FOTON -Diamler), Kewalram Chanrai (GM, Mitsubishi) and Tilad (Shinery), Director General of NADDC, Aminu […]
Continue reading »LOCALLY-ASSEMBLED VEHICLES TO GET SPEED LIMITERS
As part of efforts to reduce the rate of speed-related accidents in Nigeria, the National Automotive Development and Design Council has directed all vehicle manufacturing plants in the country to install the speed-limiting device in their vehicles. A deadline for compliance on the installation of the device in all vehicles being imported into the country has also been given.
Continue reading »ISSUANCE OF NEW LICENCES FOR VEHICLE ASSEMBLY PLANTS PLACED ON HOLD BY FG
The Federal Government on Friday said it had suspended the issuance of new licences to automobile companies applying to establish vehicle assembly plants in Nigeria. This is coming after it had reportedly registered about 35 firms to start the production and assembling of new vehicles and motorcycles in different parts of the country.
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