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Ford Set To Start Assembling Cars In Nigeria by sayyid(m): 8:54am On Aug 12, 2015 |
Popular car manufacturers, Ford Motor
Company has indicated its interest in
assembling the Ford Ranger pickup truck in
Nigeria.
The proposed assembling plant is in
partnership with its dealer in sub-Saharan
Africa, Coscharis Motors Limited, owned by
Nigerian billionaire, Cosmas Maduka.
The project will commence by the fourth
quarter of this year, as the company seeks to
expand in Africa and the Middle East,
Indiantimes.com reports.
Jeff Nemeth, the president and CEO of Ford
Motor Company’s business in sub-Saharan
Africa, told Reuters, “Nigeria is a priority
market for us in sub-Saharan Africa. Depending
on how Nigeria develops over time … we are
potentially looking at using our Nigerian plant to
service West Africa,” he told Reuters.
“The auto market in Africa’s biggest economy
has huge potential but retails only a small
amount of new vehicles annually”, Nemeth
added.
He pointed out that the sector is dominated
by imported used vehicles, while limited
financing for consumers to buy new vehicles
and the absence of an industrial policy that
would encourage suppliers to set up in Nigeria
remains a major challenge.
Ford produces 85,000 units each year in South
Africa, which are sold across 24 African
countries.
“It would take between 1 to 2 months to take an
order, build it and deliver it within the country. If
you order from overseas it would take between
4 to 6 months,” Nemeth said.
Car makers like KIA, Nissan and Volkswagen
had also indicated interest in opening
assembling plants in Nigeria too in the past. www.naij.com/515543-ford-indicates-interest-assembling-cars-nigeria.html |
Re: Ford Set To Start Assembling Cars In Nigeria by marv1: 9:07am On Aug 12, 2015 |
Na them sabi. |
Re: Ford Set To Start Assembling Cars In Nigeria by drberry(m): 9:12am On Aug 12, 2015 |
That's good news. It means more job opportunities, Ford cars at cheaper prices, etc. A very welcome development indeed. |
Re: Ford Set To Start Assembling Cars In Nigeria by alex81(m): 9:19am On Aug 12, 2015 |
K nw. Dats if dem no change dier mind b4 d 4th quarter. |
Re: Ford Set To Start Assembling Cars In Nigeria by Kenzico(m): 9:38am On Aug 12, 2015 |
Hmmm its a great news! I like Ford cars |
Re: Ford Set To Start Assembling Cars In Nigeria by mrvitalis(m): 9:46am On Aug 12, 2015 |
One good work Jonathan.... and aganga did we can't deny this facts 2 Likes |
Re: Ford Set To Start Assembling Cars In Nigeria by honourhim: 9:48am On Aug 12, 2015 |
Good one. let them be coming we are here. Nigeria will be great again. |
Re: Ford Set To Start Assembling Cars In Nigeria by plux4: 10:29am On Aug 12, 2015 |
The good works of GEJ still producing results. God bless GEJ . God bless Nigeria. |
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