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Nairaland Forum / Nairaland / General / Autos / Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity (33161 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 texazzpete(m): 11:19pm On Aug 31, 2016 |
Innoson gets a substantial amount of tax breaks and incentives from the FG already. Ina time of recession, it is tough to ask the FG to subsidize a private business that has hurt itself through poor business practices of relying on govt handouts. I mean, you couldn't even find a single showroom for innoson consumer vehicles in Lagos until some months ago. This is not the hallmark of a serious company. I find it amusing that there's so much rhetoric that the FG should bail out innoson. Is there anything stopping the south east governors from pooling together a development and investment fund to invest in innoson? 3 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by celestialAgent(m): 11:23pm On Aug 31, 2016 |
freshvine:Your gullbility is legendary! Can you justify why the car "Toyota Camry" is not named after the radio,tyre,battery or the plug production company? In a conventional environment, a product is named after the company that produce the engines since other parts are minor. So why should a car be named Innoson Product if the major part (engine) is Toyota, Kia or whatever? 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by celestialAgent(m): 11:25pm On Aug 31, 2016 |
erico2k2:Refer to the response I gave above. ASININE |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 11:29pm On Aug 31, 2016 |
iamDaisy: I have never been to your profile page. I have not seen your profile pic. Just being clear. |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by celestialAgent(m): 11:30pm On Aug 31, 2016 |
Clinton9000:Quit being tribalistic! This is an issue that concerns me and you as a Nigerian. At this time, we need creativity to make something from our many raw materials for exports (be it common bolt and nuts). Not some heavy expenses on importation from the insufficient forex. 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by SupaTee: 11:30pm On Aug 31, 2016 |
[quote author=celestialAgent post=48964178]I'm not supprised. Innoson has never occured to me as a car manufacturing company but a car part compilation company. Hence the reason for reliance on forex to import the parts to be coupled... let's not embrace dependency, we need real productions! Before you quote me, bear in mind that i'm not tribalistic, this is channelled at all Nigerians..[/quote Ur ignorance abt manufacturing is overlapping....samsung phones use android os, is d os ders? [quote author=celestialAgent post=48964178]I'm not supprised. Innoson has never occured to me as a car manufacturing company but a car part compilation company. Hence the reason for reliance on forex to import the parts to be coupled... let's not embrace dependency, we need real productions! Before you quote me, bear in mind that i'm not tribalistic, this is channelled at all Nigerians..[/quote Ur ignorance abt manufacturing is overlapping....samsung phones use android os, is d os ders? [quote author=celestialAgent post=48964178]I'm not supprised. Innoson has never occured to me as a car manufacturing company but a car part compilation company. Hence the reason for reliance on forex to import the parts to be coupled... let's not embrace dependency, we need real productions! Before you quote me, bear in mind that i'm not tribalistic, this is channelled at all Nigerians..[/quote Ur ignorance abt manufacturing is overlapping....samsung phones use android os, is d os ders? same applies to other manufacturing coys. They buy some materials frm other coys. Even akara seller dey buy waterproof no mean say na u fry d akara 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by timilehin007(m): 11:30pm On Aug 31, 2016 |
Ezechinwa: We have been scam by this administration. We are forcefully receiving our changes for what we bought at the pooling booth 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by celestialAgent(m): 11:34pm On Aug 31, 2016 |
adconline:It is obvious your intel is a failure. Deadbeat You should question the relevance of your lineage, not mine. 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by adconline(m): 11:34pm On Aug 31, 2016 |
celestialAgent:False.. Dodge Ram in the US is powered by Cummins and Allison transmission. Tata cars are powered by Fiat, Cummins, AVL of Austria. Stop trying to dash ignorance!! 2 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by adconline(m): 11:37pm On Aug 31, 2016 |
celestialAgent:Cos your added value or lack thereof is sophisticated ignorance!! 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by bashydemy1: 11:38pm On Aug 31, 2016 |
divide9ja: Did this pictures look familiar to you at all? if not you should that's the beginning of the dollar problem in Nigeria... I wonder how someone contesting for re election started giving out $20.000 each to people in the of buying their support.. What is it profit a man to waste billion of dollars on election and still lost. Shame on GEJ 1 Like
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Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by celestialAgent(m): 11:39pm On Aug 31, 2016 |
[quote author=SupaTee post=48968628][/quote]OS is just a minor component of a device. What defines Samsung products is the motherboard which is produce by Samsung. Same goes with Apple, HTC e.t.c. So why should a company that only Import and couple stuffs name the products under her? Ignoramus 2 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by bashydemy1: 11:51pm On Aug 31, 2016 |
DjAndroid: Did this pictures look familiar to you at all? if not you should that's the beginning of the dollar problem in Nigeria... I wonder how someone contesting for re election started giving out $20.000 each to people in the of buying their support.. What is it profit a man to waste billion of dollars on election and still lost. Shame on GEJ 1 Like
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Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by somegirl1: 11:51pm On Aug 31, 2016 |
Quakertellicus1: So he should manufacture in large volume when patronage is low? 2 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by erico2k2(m): 11:54pm On Aug 31, 2016 |
oluwaahmed:He cannot, quote me anywhere, No country in Africa can as it stands, teh required funds for research is too much for most entrepreneurs in Africa, it requires Billions of Dollars.That man has not that kind of money to pay for such research. Dont forget you also have to build teh machines that will build the Engines.He should start with things as simple as welding machine then I will give your suggestion a thought my friend. 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by BobUg28(m): 11:54pm On Aug 31, 2016 |
Buhari's lack of economic initiative have killed this country. Smh...God please come to our aid. |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by erico2k2(m): 12:01am On Sep 01, 2016 |
celestialAgent:Someone already did that for me upstairs,do nt you feel silly yet? well let me add more, check teh rover 600, its powered by Honda accord Engine,the Rover 75 2000 model is powered by a BMW 5 series Engine, or do you want to go to the range rover/Jaguar? or the Boeing 747 powered by Rolls Roys Engine? is ur Ignorance clearer to you now? |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by manny4life(m): 12:21am On Sep 01, 2016 |
celestialAgent: Wonderful... Going by your logic, Boeing uses mainly GE Engines and Airbus mainly RR engines. Question: why aren't all the Boeing variants named after GE engines considering the engines are the single most expensive component on an aircraft? This foolishness cannot continue for too long, please stop. I don't know what "conventional environment" you're talking about, if you do, please let us know because there isn't any generally accepted principle on how a product should be named. 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Fawklicant: 12:46am On Sep 01, 2016 |
oluwaahmed: As in enh! The man has been in heaven since all through successive govts. Only God knows how much tax rebates he has been enjoying over the years. It is unfair. The system cannot continue to be rigged in a certain group of people's favor always. It has got to stop. |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Abagworo(m): 12:47am On Sep 01, 2016 |
It's self explanatory In an economy starved of dollars because of the slump in The easiest solution to our economic crisis is to stop importation and manage what we produce. Oil money is awoof that comes and goes hence the false life we've been living. I believe with the approach of Buhari team we shall make better use of future opportunities. Our economy is not only suffering because of oil crash but withdrawal of investments by former government cronies who might not deem it fit to remain with e paradigm shift. 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Fawklicant: 1:00am On Sep 01, 2016 |
texazzpete: The challenge is not lack of funds but limited forex. The SE govts do not mint dollars. The federal govt while placing restrictions on forex supply, freely and dubiously provides same to one individual. Approximately 10% of the nations forex earnings are given to one person alone at official rates (most likely less). Importers and manufacturers cannot sustain activity at black market rates and even if they attempt it, there is not enough forex in circulation either in the parrallel market. Govt officials corner the little available forex meant for BDC operators and round trip for personal gains. It is a catch 22 situation for manufacturers and importers. |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by DjAndroid: 1:09am On Sep 01, 2016 |
bashydemy1: I'm neither GEJ's fan nor Buhari’s. all we advocate for is good governance. simple! 3 Likes |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Fawklicant: 1:13am On Sep 01, 2016 |
Abagworo: Rehash of same old sentiments. Power generation and distribution is zilch. Incentives for small scale enterprises is zilch. Security is zilch. Education and infrastructural development is zilch. Forex for manufacturers to import components is zilch. How are manufacturers going to cope? Reducing dependence on imports is a good thing if done the right way and timely. You do not collapse the entire structure in one fell swoop and tell people to endure just because you are immune to the effects generated by your callousness! Sell me something new! 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by adconline(m): 1:26am On Sep 01, 2016 |
manny4life:Thank you!! Cult-like following of sophisticated ignorance. Why is it that the most ignorant folks are usually the most audacious and boisterous in Naija? 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by ebby9z(m): 1:26am On Sep 01, 2016 |
But then the article is a foreign article. The tone is heavily demeaning and intended to ridicule. We know our problems, we don't need their racist articles. That's how the media portrayed everything Brazil did during the Olympic poorly.Moreover, every country goes thru recession. Pls, next! |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Fawklicant: 1:32am On Sep 01, 2016 |
erico2k2: Too much CNN is deceiving this one. Your assertion above is not only preposterous, but ludicrous. Billions of dollars? Hehehe! Bros! Easy on the hashish mehn! Research costs money but nothing out of the ordinary like you make it seem. New machines will not be built, only new moulds for existing machines. It is all about modifying operational principles most of the time and not about complete change of processes, For example, a 6 cylinder engine vs a 6 cylinder dual inline plug system engine. The former uses 6 plugs with each piston firing a plug per cylinder while the latter uses 12 plugs with each cylinder firing 2 plugs thereby doubling its efficiency. Same base technology(pistons, plugs etal) same production machines, different moulds. Besides there are numerous ways to fund a research of that scale and it can also be done in partnerships without one party having exclusivity of ownership of the technology. 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Fawklicant: 1:35am On Sep 01, 2016 |
manny4life: You have time to respond to that guy. His display of ignorance is nauseating. I try to ignore folks like that who are beyond redemption. 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by amazingspiderma: 2:17am On Sep 01, 2016 |
adconline:you nailed it. Nigerians always dream of buildings without first thinking of foundation. 1 Like |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by tdayof(m): 3:53am On Sep 01, 2016 |
Ghost447:BMW, Mercedes manufactures almost 95% of her parts just that the country varies. BMW In China produces certain parts based on the resources here and then shipped to BMW Germany or wherever but it remains manufactured by BMW. |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by tdayof(m): 4:03am On Sep 01, 2016 |
erico2k2:BMW manufacture its brake pads.Obviously Others should have the capability. Giving other companies chance to manufacture your car part doesn't mean you do not have the capability. As for Innoson it doesn't have the full capability yet and I will consider funding as the issue. Our government should try and invest more in ours. |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by tdayof(m): 5:08am On Sep 01, 2016 |
frankopit:BMW! Beat that! Bmw has the capability to do all that. You need more? Tesla |
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by gbadaniyi(m): 6:17am On Sep 01, 2016 |
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