Market News
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Nigeria: Toyota Unveils Brand New Tecoma
Posted on :Saturday , 29th August 2015
TOYOTA has left its Taco sitting on the counter since 2005, and it has almost gotten stale. By default, those hungry for a mid-size truck have had no choice but to clog their noses and scarf down what Chef Toyota was cranking out of its kitchen until the new Chevrolet Colorado and GMC Canyon came out. Now Toyota's cooked up a new taco.
Toyota, the long-time king of . . .
Nigeria: Mahindra Expands Operations to Nigeria
Posted on :Monday , 24th August 2015
Mahindra Two Wheelers Limited, a member of the Mahindra Group has expanded its business operation to Nigeria with the launched of its two wheeler range in the country. Mahindra Group is a $16.9 billion automotive global business.
The firm has also appointed M/s VIP Merchandise Enterprise Limited as its distributor for Mahindra two wheelers which includes the Mahindr. . .
Govt now owns 100 % shares in General Tyre.
Posted on :Saturday , 22nd August 2015
The government has acquired 100 per cent stake in the defunct General Tyre East Africa (GTEA) in an effort to revamp the once model tyre manufacturing plant in East and Central Africa.
However, despite the previous arrangement that gave it the majority shareholder of 74 per cent with the German firm Continental Arktiengesellschaft (Continental AG) holding a 26. . .
Ford to begin assembly of Ranger pickup trucks in Nigeria
Posted on :Friday , 21st August 2015
Ford Motor Company has announced that it will begin assembly of the Ford Ranger pickup truck in Nigeria from Q4 2015 as part of its expansion plans for the Middle East and Africa
The pickup will be assembled in Ikeja, situated in Lagos State. For the project, Ford is partnering with its dealer group Coscharis Motors, stated the company.
Ford Middle Ea. . .
Tata Motors owned JLR continues to bet big on Middle East and North Africa
Posted on :Monday , 17th August 2015
Bruce Robertson, managing director for the MENA region for Jaguar Land Rover (JLR)
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