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Nairaland Forum / Nairaland / General / Autos / Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity (32661 Views)
Innoson Gives IVM G5, Salary For Life To Man Who Prophesied His Car Business / Cityhood Of Dada Motors Won't Refund Me After Delivering A Dead SUV / Nigerian Army Cars Produced By Innoson Motors Company (2) (3) (4)
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Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by frankopit: 9:23pm On Aug 31, 2016 |
celestialAgent: Pls can u name a car manufacturing company that produces all it's parts and tire,plugs.they only work in alliance with other parts manufacturing specialist.befor u browse internet , u bought phone , sim from diff sources.eg danso plugs and coils are not produce by Toyota but mostly in Toyota cars 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by redcap: 9:25pm On Aug 31, 2016 |
Quakertellicus1: How much export has dangote engaged in to have all the forex presently at his disposal. 4 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by docadams: 9:27pm On Aug 31, 2016 |
Quakertellicus1: You're abreast with history laden with facts. The only omission is that, unlike Innoson, the assembly plants we had then had 30% local content, viz: tyres, upholstery, lightening, wiring, nuts and bolts, floor mats, paint work and battery 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 9:27pm On Aug 31, 2016 |
redcap: Sorry....you have taken me down the road called Off topic...and tribe. 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by adconline(m): 9:28pm On Aug 31, 2016 |
Quakertellicus1:Nope! because car engine manufacturing is a complex proprietary technology that's not easily copied and replicated. How come Chinese are still outsourcing engine manufacturing?? IVM at its infancy, should not focus on building engine from ground up!! 2 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Fedayeen02: 9:33pm On Aug 31, 2016 |
Quakertellicus1:which local industry. Give me an example 1 Like 1 Share |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by oluwaahmed: 9:34pm On Aug 31, 2016 |
celestialAgent: How can innoson manufacture in nigeria wen Ders no electricity? Do u tink d likes of toyota, Honda & Audi wer stewpid 4 not comin 2 nigeria despite its sizable mkt? Pls giv innoson sme kudos. If der was electricity, personally I wld hav started manufacturin smetin. Innoson shd be given exclusive rights do dollars jst as dangote & oda apc politicians hav. U tink we Dnt knw wat dis govt is doin? We r waitin 4 dem 2 cme out straite 3 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by redcap: 9:34pm On Aug 31, 2016 |
Quakertellicus1: This isn't off-topic,just answer the question. Its obvious he exports nothing yet the present govt support him because of the importance of his businesses to the nations economy. Some companies can't be left out to collapse. Stop seeing every discuss from ur tribal lens.the govt had better support innoson the same way it supports the likes of dangote and co. 2 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Fawklicant: 9:37pm On Aug 31, 2016 |
Quakertellicus1: Guy park one side fest! He cannot manufacture everything. 70% is more than much. He sources locally too. If the govt cannot create enabling environment for other manufacturers to operate, I do not see how it is his fault. Why is Dangote not manufacturing his production machines in Nigeria? But the govt provides him with a whooping 10% of our forex earnings? Just one man? Is he the only employer of labour? Do you know the employment opportunities lost as a result of this forex situation? Its not only innoson oooo! There are numerous others already and more to follow. We all know of aerocontractors too, just today it suspended operations. Do you know the attendant effect on the labour market? How many jobs is Dangote refinery sustaining now at its infancy stage as compared to the thousands already who have become victims from job cuts in various companies? So because I have planted cassava today, I should fast and not eat anything else till the cassava is due for harvest? 4 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by redcap: 9:42pm On Aug 31, 2016 |
Fawklicant: Word. People could really sound intelligent on first impression but if you probe deeper you'll eventually reveal their shallowness. 3 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by MrCEO69(m): 9:44pm On Aug 31, 2016 |
EazyMoh: so if u want to do something like dat, u den print ur logo on it so that every one will see it u, doing smth bad publicly. It one of the propaganda of apc, and e neva clear for ur eye. no worry enjoy ur change. 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Fawklicant: 9:50pm On Aug 31, 2016 |
oluwaahmed: God bless you sir. There is an agenda going on and people are trying to pull wool over our eyes! How can major manufacturers, airlines and the likes be denied of their fair share of forex just because of one man? The same one man was granted exclusive rights to import rice at the infancy of his road to riches by Abacha/IBB back then. The same one man used OBJ to squash perceived competitors...Ibeto cement, etc. The same man and Otedola washed their dirty linens outside showing how they were manipulating the stock markets a few years back with accusatory evidences published in several national dailies, yet none of them was tried. In saner climes, Dangote would probably be serving jail terms now. I have nothing against him as a person, but it is very unfair to us all tax payers when unfair advantage is given to a select crop of individuals. 3 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 9:51pm On Aug 31, 2016 |
deji15: So what's stopping you from producing glue now and making money from it? It could ease the consumers dependence on importation of glue and with time, you could become an employer of labour. Except of course if you are lying. 3 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by ginggerxy: 9:51pm On Aug 31, 2016 |
iamDaisy:O boy just saw something so magnetic damn |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Fawklicant: 9:53pm On Aug 31, 2016 |
redcap: Exactly. I didnt even know he produces tires until recently when I read it. If you travel to Nnewi, you'll see that they produce a whole lot of automobil and motorcycle components. Ibeto even produces batteries. 4 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Fawklicant: 9:59pm On Aug 31, 2016 |
redcap: Some people just like to comply socially and sound politically correct, brandishing economic parlances and theories while at it, but a little probe further will ease you in on their true mindset, then you'd see everything else is a facade. Guy you seem to have a bul.lshi.t radar 2 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by linusbnn(m): 10:04pm On Aug 31, 2016 |
celestialAgent: Dangote refinery is build with imported steels and pipes,even our railway lines currently built are also dependent on imported materials. Innoson is 100% local but there are others parts that are needed to complete production. Innoson is appreciated by good nigerians 4 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 10:04pm On Aug 31, 2016 |
Fit2Rule: I am not lying. It is a very simple thing to do. If you have ever seen a cashew tree before, you can easily confirm what I have written. The liquid oozes out of the tree on its own, all you need to do is collect it in a container and add a little water, then stir. I used it to mend my shoes, glue my torn papers etc. If this were to be my line of business and there is ready made market, I surely will do it. But I am into other things. I do Agric related activities and supports family and friends who are into Agriculture as well. I am productive. I don't know what you do for a living, but if you are currently unemployed, this is an idea for you to explore. Some of these things are not rocket science. It is like the tooth pick that you can easily make from palm fronds or bamboo trees. We are used to importing everything. 2 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by redcap: 10:04pm On Aug 31, 2016 |
Fawklicant: I don't like pretentious and fact twisting mofos.all his gimmicks is laid bare and he had no choice but to take to his heels with tails in-between his legs. 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by hamilton62(m): 10:25pm On Aug 31, 2016 |
GogetterMD:yes they are, it's known than innoson imports vehicle engines just as other companies like toyota etc do. An automobile company might have a design of engine sent to an egine manufacturing company like suzuki etc but that doesn't mean it produces its engine... Innoson sources his auto engine from 1st class auto engine production companies... For doubting- thomas, innoson is never a CKD assembler but a manufacturer https://en.m.wikipedia.org/wiki/Innoson_Vehicle_Manufacturing 3 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by celestialAgent(m): 10:34pm On Aug 31, 2016 |
linusbnn:100% local, seriously? Then how can you explain the course of lamentation due to insufficient forex when they can get all they need here as 100% local? Insight me 2 Likes 1 Share |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by kid7soccer(m): 10:47pm On Aug 31, 2016 |
celestialAgent:you have to start somewhere to get somewhere, innoson started with okada assembling before he start building the engines for them in nigeria, now he is assembling cars, with time he will get to the point of building their engines in nigeria. You have to understand that this things cost money to put in place and with no support or partnership from our govt, It will be difficult for him to start car engine manufacting now without sufficent capital 4 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by celestialAgent(m): 10:54pm On Aug 31, 2016 |
frankopit:Just one question: Have you ever wondered while Apple products are assembled in China but tagged as "produced by apple in California"? This is simply because the main components are produced by Apple in California and Packaged in China. The above explained scenerio applies to innoson operation - A dependent company (once the material source fails, the company is zilch). 2 Likes 1 Share |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by celestialAgent(m): 10:54pm On Aug 31, 2016 |
oluwaahmed:We are talking about real production here! If innoson could produce her car parts from the many available local resources, obviously the company will be able to sell forex to CBN for her export proceeds. Toyota, Benz, Honda, these companies are well recognized not because they import and couple the imported parts but because the produces the engines from scratch. Hence, the reason for the so much glorification. 2 Likes 1 Share |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by oluwaahmed: 11:01pm On Aug 31, 2016 |
Fawklicant: U cldnt hav said It any better. We hav small children evrywer on social media dat Dnt bother 2 chk history dats y sme1 like buhari can cme bk again 2 rule dis country. Anyway leme not tuk 2 much dis 1 deir arrestin pple on social media 4 airin deir view(see d typa democracy we now practicin?) #antiestablishment 3 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by erico2k2(m): 11:03pm On Aug 31, 2016 |
Quakertellicus1:I know we invented it for the likes of you 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by erico2k2(m): 11:06pm On Aug 31, 2016 |
celestialAgent:U might be surprised things as simple as brake system and brake pads are not manufactured by the listed vehicle manufacturers. 3 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by ibedun: 11:09pm On Aug 31, 2016 |
Fawklicant: Emene is full of Fulani herdsmen! |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by oluwaahmed: 11:10pm On Aug 31, 2016 |
celestialAgent: Do u tink innoson cannot produce engine 4rm scratch? Wat is even der 2 produce engine? Pls go 2 good polys and see wat boys R doin, or even go 2 arts & craft centre 2 see tins urself. Dis guy av u even seen wat a car manufacturin plant looks like b4? Do u tink it's a couple of laborers tightin screws & losin bolts? Why hasn't toyota or Honda established a factory in nigeria? Even Nissan dat is a well known manufacturer is even couplin her cars here in 9ja. Dese brands hav factories in Asia, Europe America & in SA yet dey run 4rm 9ja because of no electricity. Ha! I actually wld luv 2 say more but u sound a Lil unenlightened. Let me operate wit sme1 of d same level of reasonin 3 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by prophetfire: 11:14pm On Aug 31, 2016 |
celestialAgent:no vehicle maker in this world produces all the parts or components. They always source some from other companies. 2 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by celestialAgent(m): 11:17pm On Aug 31, 2016 |
Reference: At the bolded, Is that really necessary? One of the many reasons while Nigeria is still so backward. Onto the main issue, I'm sure you will agree with me that the essence of a country producing is to reduce her foreign dependency and further augument her export proceedes. I doubt if this is the case with Innoson. Innoson is known to be a company that produce cars apparently for local use -- not for once have i heard that innoson export any product. Now tell me of what relevance will innoson activities be if 90% of her car gadgets are imported from a foreign company? How can the so called local products financially benefit the local citizens if the company does not export to gain forex but instead purchase forex for car parts importation? How cheap can such product be? What different does if make to buy directly from they company from abroad? Regarding the priotization of forex sale, i dissent with that. Although it seem relevant to some extent, it is however now the best option at this time. In my opinion, i think the company should consider production of basic car part (if not engines) from the locally available raw materials to export to earn forex for the company to ease the tension on the insufficient forex we get from oil. 1 Like |
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