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Nairaland Forum / Nairaland / General / Autos / Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity (33120 Views)
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Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 8:24pm On Aug 31, 2016 |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Oblitz(m): 8:24pm On Aug 31, 2016 |
Chai!!!!! There was a con3 |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by free2ryhme: 8:25pm On Aug 31, 2016 |
Buhari has killed this economy 3 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Alphaoscar: 8:25pm On Aug 31, 2016 |
Fake dollars will soon flood the market at the rate things are going. 5 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Deen77: 8:27pm On Aug 31, 2016 |
LabiaMajoraDest: Can you read? 1 Like
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Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by samkay3g(m): 8:27pm On Aug 31, 2016 |
over to you President Buhari |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by redcap: 8:28pm On Aug 31, 2016 |
Quakertellicus1: A little more time spent on research will show you that most top vehicle manufacturers outsource most of their engine components. 11 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by dragonking3: 8:30pm On Aug 31, 2016 |
Quakertellicus1:Afonja spotted. 6 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by nortcentrallord(m): 8:30pm On Aug 31, 2016 |
Buhari is trying. More fuel to his gongoni motor till he leads Nigerians that voted for him to the pit where they truly belong. |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by OYAY(m): 8:31pm On Aug 31, 2016 |
This part gave an insight to our present woe ' in an economy that has suffered decades of mismanagement' whoever wants to comment should consider this before blaming PMB! |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Itulah(m): 8:34pm On Aug 31, 2016 |
3 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 8:35pm On Aug 31, 2016 |
We know the economy is bad, but this PDP sponsored pressmen should take it easy on the FG. Without prejudice, any rational mind should foresee this fall in our economy b4 now. 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 8:36pm On Aug 31, 2016 |
dragonking3: You cannot have a good car manufacturing sector without high local content. Thank you and goodnight. 3 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by adconline(m): 8:36pm On Aug 31, 2016 |
celestialAgent:And what has anybody in your lineage built? How many people have you employed? For over over 30 years, Dangote imported commodities like rice, sugar, cement, flour etc into Naija with generous govt support. So to suggest that import is a bad thing means that Dangote did a lot of bad things as well. BTW, no country actually manufactures cars 100%. Several components come from different countries. U.S. engine maker, Cummins, doesn't make any vehicle, but its engines are used by US, Japanese, Chinese , Indian and EU manufacturers, 11 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by nonjebose(m): 8:37pm On Aug 31, 2016 |
" Buses without engines a metaphor used in recent times to describe the most populous black nation". Terrible and unfortunate. This government is so best described 2 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 8:37pm On Aug 31, 2016 |
2 Likes
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Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by lollmaolol(m): 8:37pm On Aug 31, 2016 |
If u ask me , na who I go ask
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Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by redcliff: 8:37pm On Aug 31, 2016 |
celestialAgent: to be honest Nigeria does not have the technology to produce complex systems as an engine. forget. 4 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by erico2k2(m): 8:38pm On Aug 31, 2016 |
celestialAgent:Just to make you realize you are very silly, name one car manufacturer who manufacture %50 of its own part i said %50 to make it a bit easy for you.By the way I aint tribalistic as well cos I aint from the East. 5 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 8:41pm On Aug 31, 2016 |
celestialAgent: Why are you yorubaas like this? God...I have never seen hate and envy come out of a people like you people. This same hypocrite will not say anything when Dangote gets $800 million in exchange rate. Same thing happened to Ibeto, he was denied nearly $350 million in exchange but when he went to source it outside of Nigeria, the same federal government seized his goods, demanding where he got the dollar from. You yorubass are the biggest enemy of the Igbos not even devil. You people need help. 14 Likes 2 Shares |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 8:41pm On Aug 31, 2016 |
redcap: And most of them do that when they become big enough to do that...and when they are earning enough profits to do so. All successful car manufacturers start off as local champions....growing via production of cars with high local content..before expanding out of their country.(eg...South Korea's KIA , Hyundai and co were able to grow thanks to the opening of South Korea's first Iron and Steel complex in 1971). I guess Japanese car manufacturers are an exception. But the trick they have used is produce high volume...so that they can have all the cash in the world to do what they want to do. Innson's problem was not his lack of ideas...or that he was a bad businessman....but that his model was unsustainable so long as the local content was poor. If Ajaokuta had been working....Innoson would have grown easily in Nigeria..then Africa...then become big enough to start outsourcing production. APC better fix Aajokuta. 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by freshvine(f): 8:42pm On Aug 31, 2016 |
celestialAgent: Let me help your ignorance. TOYOTA CAMRY is a Japanese model. It might interest you that only engine is formulated and made by Toyota Japan. Every other parts from radio, tyre, glasses, battery, spark plugs etc are manufactured by different companies. Motor corporation are known to couple vehicles made according to their specifications 7 Likes 1 Share |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by madapcmod: 8:42pm On Aug 31, 2016 |
[s][/s] Quakertellicus1: Did u read where it was written that the body has been manufactured save for d engines which they import but have no access to dollar? The ones they did is not local content? U must an afonja 7 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by erico2k2(m): 8:42pm On Aug 31, 2016 |
Quakertellicus1:YOu where making a bit of sense until you made an impute of GEJ then I realized there was a zombieee 8 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 8:42pm On Aug 31, 2016 |
timilehin007: the more companies fold the more masses get affected, so be careful what you wish for |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Ghost447(m): 8:48pm On Aug 31, 2016 |
GogetterMD:Have you ever check a complete engine of other brand of cars? All the parts are not usually manufactured in one country. Even televisions, some of the parts are manufactured in another country. My phone is made in Hungary, while the earphones is made in Indonesia. 7 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 8:50pm On Aug 31, 2016 |
madapcmod: The body is imported from abroad...as is the engine. Fact is...we cannot make the body in Nigeria....because we do not have Ajaokuta working. And you cannot have a good car manufacturing system in Nigeria if you are not making the engines in Nigeria. My name is not Afonja...and this news means that APC should fix Ajaokuta, invest in power and do all they can to make sure Nigeria is designing and making engines at home.(So...i am also shouting at APC. Criticism means offering your ideas about what needs to be done) Because...you cannot keep on importing engines for the cars you make WHEN your source of forex is very very poor. Therein lies the problem. 2 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 8:50pm On Aug 31, 2016 |
erico2k2: Ah grow up .Zombies do not exist.. 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 8:52pm On Aug 31, 2016 |
In the southeastern city of Aba – known as the “Japan of Africa” until the 1970s – more than 2,000 shoemakers have shut because they cannot pay for imported glue or synthetic leather, whose prices has surged due to the black market dollar rate. The solution is replace imported parts with local content.. So, with all the various animals in Nigeria, we cannot get enough synthetic leather from them Importing glue?? As a secondary school pupil, I was making glue / gum from bark of the cashew tree in our school compound.... We need to change our orientation.. 3 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Reference(m): 8:54pm On Aug 31, 2016 |
celestialAgent: Just shut it. You need real production abi. How many car manufacturers source compone gs from their countries entirely. Even manufacturing giant China sources the bulk of its vehicle engines abroad. Do it for several years and you transfer technology. Innoson is just ten years old and you don't expect them to be producing entirely onshore. It is not his fault that Nigeria has no steel plant, no petrochemical plant and no machine tools manufacturers. What the government should be doing is to mandate the CBN to prioritise the sale of forex to industries that compliment its strategic developmental objectives and keep a hawkeye thst such funds are not diverted. Apart from petrochemicals and energy, I cannot see what else should get forex before heavy industry of which vehicle assembly is one. 3 Likes 1 Share |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 8:54pm On Aug 31, 2016 |
4 Likes
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Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Yehman(m): 8:56pm On Aug 31, 2016 |
edlion57:Surely. . The betterment of this country lies on youths revolutionary actions. True federalism would go a long way to alleviate our present situation. They are aware of that but, they are all enveloped by their selfish interest. Rise up my people! Rise up!! 1 Like 1 Share |
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