Tuesday, September 25, 2007
Like the moribund textile industry or the previously comatose solid minerals and mining industry, the nation's automobile industry is almost on the edge of a precipice, and waiting for its eventual fall.
Apart from the Peugeot Automobile Nigeria (PAN) Limited (and perhaps the Anambra Motor Manufacturing Company Limited ANAMMCO), all other hitherto known indigenous automobile manufacturing clothes such as Volkswagen Nigeria Limited have long died. No one even bothers to talk about them as they now feel right to the history books.
LEADERSHIP Sunday investigations exposed that the nation's automobile industry (or what remains of it) is currently amazing under the weight of various problems. One of such, said an expert, is the insufficient patronage of locally-assembled automobiles; he cited most Nigerians' inability to afford them as a reason.
Other problems mentioned by expert include poor capital base, high cost of production, poor presentation of local content suppliers, poor operating environment, as well as obsolete technology.
posted bykanth
@ 5:26 AM
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Sunday, September 02, 2007
Although Vietnam's automobile market is considered too small, it proves to be very attractive: several more big names in the world are seeking ways to enter Vietnam.Automobile market may be considered too small in Vietnam, it proved to be very attractive, and big names around the world are seeking ways to enter Vietnam, including Mercedes Benz, Toyota, Honda, Ford, GM, Isuzu, Mitsubishi and Suzuki. Meanwhile, other large manufacturers are catching the market.
Experts these days are predicting that the automobile market would observer a get through in the time to come, after a decade period of producing in moderation. The basis for the forecast is Vietnam's admission to the WTO that at once heated up the market in early 2007.
Experts these days are predicting that the automobile market would observer a get through in the time to come, after a decade period of producing in moderation. The basis for the forecast is Vietnam's admission to the WTO that at once heated up the market in early 2007.
posted bykanth
@ 11:18 PM
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