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Nigeria auto industry

Nigeria auto industry, goldmine, yet untapped — Hathiramani

THE Nigeria automotive industry has the potential for the diversification of the economy with value-driven supply chain and scalable backward integration for the economy. Automotive companies are looking towards the country not only for its burgeoning consumer market but also as an efficient supplier base. Rooted in advanced economies, the auto industry is a major driver for job creation. In the United States, the auto industry supports nearly eight million American jobs, pays $500 billion in annual compensation, and generating $70 billion in personal tax revenue. The auto industry sits atop the industries with the top 10 highest job multipliers in the States. It has also continued to remain a significant anchor of high-value innovation, growth, and inclusive prosperity for global economies.

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How low quality automobiles are imported into Nigeria – Ikechukwu D. Ogbonna, auto dealer

With 14 years of experience as an automobile dealer, Ikechukwu D. Ogbonna, the Chief Executive Officer of IVD Autos Limited knows the automobile industry like the back of his hands. In a recent interactive session with Vanguard, the Abia State-born businessman explained why there is huge influx of low quality automobiles into the country. He blames the importation of low quality automobiles on customer’s demand.

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Best time to own new Nissan SUV

STALLION NMN, the Nissan Sales Company has unveiled ambitious sales offer for cutting-edge Nissan SUV range to enable discerning automobile enthusiasts take advantage of its ongoing bargain sales tagged: “The best time to own a brand new Nissan SUV is now.”

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Hyundai

Hyundai unveils world’s first CVVD engine technology

By Theodore Opara HYUNDAI Motor Group has developed the world’s first Continuously Variable Valve Duration, CVVD, technology to feature in future Hyundai vehicles. The innovation was revealed at Hyundai Motor studio Goyang recently alongside the Smartstream G1.6 T-GDi the first engine to feature the technology. CVVD optimizes both engine performance and fuel efficiency while also
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