SAIPA, the Iranian automobile brand is one of the revelations of this year’s on-going Abuja International Motor show. The Iranian auto brand which boasts only four models including pickup, sedan and hatchbacks, according to its officials,is in Nigeria to offer affordable but durable cars to the low and middle class.

BOSCH, a leading global supplier of technology and services, and the Nigerian government organization National Automotive Council (NAC) have agreed to set up an alliance in the automotive aftermarket sector to pave the way for the development of technical automotive skills and the establishment of anetwork of automotive workshops in Nigeria.

VON Automobile, a multivehicle assembly plant, and member of the Stallion Group has said that its facility along Lagos – Badagry Expressway can meet the country’s vehicular demand with its current production capacity of 50,000 vehicles annually.

WesBank, a division of FirstRand Bank Limited, has signed a Memorandum of Understanding (MOU) with the National Automotive Council (NAC) of Nigeria, to offer vehicle finance to retail and corporate purchasers. The agreement aims to stimulate the sale of locally assembled vehicles in Nigeria.

Ford Motor Company has outlined its 2020 vision, which includes plans to substantially increase its global vehicle sales and automotive operating margin, and achieve more balanced geographic profitability.