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Friday, 29 January 2016

FG may grant forex concessions to automakers

The Central Bank may offer some form of concession to automakers and vehicle assembly plants to enable them function effectively.
According to The Punch, this indication was given by the National Automotive Design and Development Council in Lagos at the opening of Perfection Motors Nigeria Limited FAW Truck plant and showroom.
The council appealed to the Federal Government to grant concessions to local auto assemblers in the country to source foreign exchange for the development of the local auto assembly plants.
The Director, Policy and Planning, NADDC, Mr. Luqman Mamudu, said, “We are talking to the government to give the automotive industry concession in foreign exchange.”
Although the naira is exchanged at N197 against the dollar as the official rate, it hovers between N295 and N305 at the black market following the decision by the CBN to stop selling the greenback to the bureau de change operators
Only in very few cases are importers and travellers allowed to use the official rate window for their dollar or other major currency needs. And currently, the auto industry operators are not on that special list.
But Mamudu is optimistic that the government would give priority to auto assemblers “because they create jobs for Nigerians.”
It will be recalled that the Federal Government had introduced a new automotive policy in the third quarter of 2013 with the hope of encouraging automakers to set up vehicle manufacturing/assembly plants in Nigeria.
While fully built vehicles are to attract 70 per cent import tariff, the semi-knocked down and completely knocked down components needed by local assembly plants are allowed to be imported at low and zero tariffs, respectively.
The intention, according to the government, is to make the locally made or assembled vehicles available at affordable prices.
But with the current high forex rate sourced at the BDCs, the prices of vehicles have reportedly gone up by over 60 per cent.
Meanwhile, Mamudu commended the managements of Perfection Motor Company and FAW Truck for setting up a world-class plant in Nigeria, noting that “by doing this, you have opened a pipeline for investment in Nigeria.”
He also said, “This is what we are targeting with the new auto policy. We make it easy for companies to settle down with the SKD and develop to the CKD.”
Mamudu said the decision to set up the plant by the company would help the government in diversifying the economy.
The firm said that the newly inaugurated SKD auto assembly line in Lagos was capable of producing about 1,000 vehicles annually. Perfection Motors is the sole representative of FAW Trucks in Nigeria.
The General Manager, Perfection Motors Company Limited, which is a member of the Lee group in Nigeria, Mr. Adrian Fourie, said, “In view of the fact that we will outgrow this assembly line in the next three years, we will be breaking ground on the future CKD assembly plant in Ogiju, with construction starting later this year.”
According to Fourie, with this development, his company is positioned to provide “first class sales, after-sales and spare parts to Nigerians.” He said, “FAW, being one of China’s biggest and most prestigious heavy duty vehicles manufacturers, is regarded as the number one selling heavy duty vehicle in China.
“Partnering with FAW has given us the confidence as a group to invest, as you know, we are bringing a quality brand to Nigeria. We believe that the Nigerian public deserves the best as far as price and quality are concerned.”

Police arrest car dealer for N4.6m alleged fraud

The police in Lagos have arrested a car dealer, Alhaji Amao Abdulhakeem, for allegedly obtaining four fairly-used Toyota Camry cars from one Emeka Ejike and failing to pay him.
It was learnt that the suspect also obtained 34 tyres and 12 car batteries from Ejike, whose shop is located in the Lekki area of Lagos.
All the items were valued at N4.6m, while the transaction took place in November, 2014.
According to The PunchThe Punch the suspect had issued different cheques to the complainant on December 18, 2014, and February 1, 2015, respectively, but were dishonoured on the grounds of insufficient funds in the account on which the cheques were drawn.
The suspect was said to have been arrested after the matter was reported at the Zone 2 police headquarters in Onikan, Lagos.
A police prosecutor, Inspector Stephen Moloh, subsequently preferred four counts bordering on fraud against Abdulhakeem, who was arraigned before an Igbosere Magistrates’ Court.
Moloh told the court that the offence contravened sections 312 (2), 285 (10) and 319 (b) of the Criminal Law of Lagos, Nigeria, 2011.
The charges read in part, “That you, Alhaji Amao Abdulhakeem, 38, sometime in November 2014, at about 3.30pm, in the Lekki area of Lagos, in the Lagos Magisterial District, with intent to defraud, did unlawfully obtain four unregistered used (Tokunbo) Toyota Camry cars, 1998/99 model with chassis numbers 329517; 277532; 108681 and 315820 as well 34 tyres and 12 batteries, from Emeka Ejike under the pretext of buying same valued at N4,650,000.
“That you, Alhaji Amao Abdulhakeem, on December 18, 2014, and February 1, 2015, at the same place, in the aforesaid magisterial district, did issue Diamond Bank Plc. cheques for N4,150,000 and N3,800,000 respectively in favour of Emeka Ejike, which when presented for payments were dishonoured for insufficient funds standing to the account for which they were drawn.”
The accused, however, pleaded not guilty to the counts and was admitted to bail by the presiding magistrate, Mr. Martins Owumi, in the sum of N500,000 with two sureties in like sum.
The magistrate added that the sureties must have receipts of two years tax payment to the state and present their residential addresses to the court for verification.
The matter was adjourned till January 21, 2016 for mention.

Sunday, 24 January 2016

Mercedes-Benz E-Class Officially Launched

As promised, luxury automaker Mercedes-Benz officially launched its much awaited Tenth-generation E‑Class on January 11, which according to them delivers stylish highlights with its distinct, emotive design and high-grade interior.

Innoson motors just laid off 50% of its staff amidst rumors of imminent shutdown

By Dave Ozoalor
 This is Nigeria's first car manufacturing company going down the drain probably due to the ongoing economic crises in the country!
The immediate past government of Nigeria, the government of President Goodluck Jonathan had encouraged the company by purchasing his vehicles for governments use. In an interview, Innoson himself said he wants to make sure Nigeria's can purchase brand new SUVs for 1 millions naira sooner or later.
The company's 
decision to trim down its work force 
is one of the latest in a series of shocker lay offs between December 2015 and January 2016.

The company 
debuted its cars in 2010 at the Nnewi trade fair.
 It received immense support from the government of Goodluck Jonathan then.

The government made moves to ban importation of fairly used cars to Nigeria so as to encourage the patronizing of Innoson cars by Nigerians.
The then minister of information, Mr. Labaran Maku said during a visit to the firm at nnew
The Minister of Information, Mr. Labaran Maku has said that if emerging indigenous car manufacturers are going to remain in business there is then the need to ban the importation of fairly used vehicles, commonly known as ‘Tokunbo’ into the country.


Mr. Maku further urged Ministries, Departments and Agencies (MDAs) of government to begin to implement the resolution of the Federal Government to patronize the company. “There is need to encourage him (Innoson Group Chairman, Chief Innocent Chukwuma) because for a long time many Nigerians attempted to achieve what he has done by setting up assembling plants and seeking technical transfer such as Peugeot and Volks Wagon. This is not an assembling plant, it is a manufacturing plant”, the Minister emphasized.

The Minister also used the occasion to point out that the President’s power supply program was already working quoting the INNOSON Group Chairman, Chief Innocent Chukwuma who said that the company was now sourcing 80 percent of its power needs from public supply, which Mr. Maku noted was as a result of the increase in power generation in the country.

Its unfortunate that the present government is not supporting Innoson motors in any way.

I think the government should encourage local manufacturing and production of goods and services like this. What's your opinion?

Saturday, 23 January 2016

Premier League Footballer Crashes Expensive Lamborghini Huracan Into A Fan's Wall And Car


Most fans of celebrities pray for them to meet their idols at malls, airports, events or other more ideal scenarios. 

But a British woman is going to have to meet her celeb; Premier League footballer, Senegalese born Diafra Sakho who mistakenly crashed his £200,000 Lamborghini into her wall and Mini Cooper car worth £13,995.
Images courtesy of Daily Mail.
The crash which occurred last night in Emerson Park, Essex, did not harm either the 26-year-old or the woman, Sophie Engstrom, a fashion design student. 

Coincidentally, Sophie is a fan of West Ham and also works there according to her friend, Annie Pollock. 
Sophie shared pictures of the incident on Twitter with the caption 'Great night when Sakho drives into your house & car.'

Just two weeks ago, Sakho had shared pictures of this Lamborghini on his Snapchat account but has now wrecked his top-of-the-range supercar.


Sakho who has been sidelined for 3 months on November 29 with a thigh injury took to Twitter to say: 'Thank you for the messages. Was involved in a small car accident this evening. Thankfully no one was hurt.'
Diafra Sakho.








Source: CarLovers

Nigeria’s First Online Mechanic Classified Website Debuts

Picture1



The online automobile industry in Nigeria moved a step up the ladder in providing convenience with the debut of an online automobile mechanic’s directory.

Picture1


Autobox which started out as a purely e-commerce startup with a clear mission to supply GENUINE car parts to millions of Nigerian car owners, in a bid to give complete customer satisfaction for car owners to fix their cars by including a comprehensive list of CERTIFIED auto mechanics in Nigeria. The website offers new and exciting features — the first of its kind in Nigeria & Africa at large.
According to Motoring World International, Autobox has partnered with Carmudi, Nigeria’s number 1 online site to reach car buyers and sellers offer only the best selection of automobile mechanics in Nigeria. Apart from using only genuine spare parts for repairs, the auto mechanics will provide pre -vehicle purchase inspection, car diagnostics, repair and servicing.
Speaking on the idea behind Autobox the Managing director Charles Philip said ‘most car owners and buyers engage mechanics by referral even though some of them are not qualified to work on some car brands. Autobox has a large pool of certified auto mechanics who specialize in specific car brands and who have notable works shops or service centers and are willing to come to your home or office at a time booked by the car owner.’
On the partnership with Carmudi Nigeria, Charles said ‘we are excited to work with Carmudi to offer this service to its first time car buyers and sellers. We are bringing a convenience and assurance of certified mechanics who will use genuine Autobox parts to fix cars for owners. Partnerships like these are important to growing trust in car owners across Nigeria
“Carmudi Nigeria is not just a car classified website; they also ensure they provide convenience to car buyers and it is with this in mind that we partner with them. First time buyers will be able to have access to pre vehicle inspection and diagnostics at an affordable price by clicking the Autobox banner for the Carmudi Nigeria website. We will also publish car tips on the Carmudi Nigeria Journal.”
Amy Muoneke, Managing director Carmudi Nigeria said: “it is exciting partnering with Autobox , because we know the importance of finding a mechanic you can trust when you are about to purchase a car for the first time. Carmudi Nigeria is always finding ways to ensure we provide innovative solutions to problems that car buyers might face and this is one of such partnerships.
With support from the Co-creation Hub, Autobox has grown its user base, network of reputable parts dealers, as well as improve its offerings to Nigerian car owners. The new and improved platform is a great improvement from the previous version. It offers new and exciting features such as quick diagnostic test online, booking mechanics fixed online price quotation for selected jobs, online Dashboard to track jobs done on their car, warranty on jobs from our mechanics as well as parts.

GM rumored building Ford Raptor Fighting Pick-up



Tuesday, 19 January 2016

The BT 2016 records maximum registration of racers, 10 months to raceday


The Organizers of the Bikers Trophy has attained the maximum number of racers for the 2016 BT. This is news unprecedented as it is still a whooping 10 months to the race day?(November 2016) but it only signifies the amount of work that is being put in for the success of this year's race, not ignoring the enthusiasm among the racing community. Read the press release by OkaoOduagbon

"Just as in a football match, there can (yet) not be more than 11 players a side during a game. For The BT 2016, we believe that 40 racers is the optimum number for an exciting race day.

That number has been reached.

Any registrations received from today henceforth will go into a supplementary racers list.

The Supplementary list will be a reserve list of racers from which to enter new competitors in The BT 2016 should any of the 40 previous already registered racers not meet pre race requirements.

The supplementary racers registration closes on the 31st of March, 2016.

Thanks for your interest in The BT 2016.

The BT 2016 #BlohkosAtWar LOL


See you then, IF you Pump RED!"

Tuesday, 12 January 2016

JAC is another Toyota in the Making -Ade-Ojo


Chinese Auto brand, JAC has been described as a brand with potential to ascend leadership position in the nation’s auto market.
The Managing Director of Elizade Autos Limited, Mr. Ademola Ade-Ojo, who made the assertion at a press briefing in Lagos recently, describing the JAC brand of vehicles as “another Toyota in the making,” adding, “and we are putting all the structure in place and doing everything possible to ensure that the brand is seen as not just a Chinese vehicle but as other Asian vehicles like Toyota and others.”
According to Mr. Ade-Ojo, Elizade’s decision to market JAC in Nigeria was informed by a long-term independent research and product quality improvement.
Ademola Ade-Ojo (3rd from left), making a point, while conducting journalists round the new JAC facility at Ikaja, Lagos, recently

Ademola Ade-Ojo (3rd from left), making a point, while conducting journalists round the new JAC facility at Ikaja, Lagos, recently
“Feedbacks so far received from customers and potential ones indicate to us that history might repeat itself in the nation’s auto market.
“When my father started marketing Toyota some decades ago,” he recalled, “the most popular brand was the Peugeot and Toyota was looked down upon.  But by the time Nigerians realized the quality low maintenance cost of Toyota; it soon became a household name in Nigeria and later took control of the market.
He said his company’s decision to introduce JAC brand into Nigerian market was necessitated by a change in the nation’s economic landscape, which pushed prices of existing brand new vehicles above the means of Nigerians, most of who resorted to buying imported used vehicles, popularly known in Nigeria as Tokunbo.
“Given that situation,” he recalled, “we decided to source for Nigerians a more affordable brand that is of good quality. We did no just partner with JAC, because they offer a cheaper alternative. But most critical and important thing for us was that we needed to assure ourselves that whatever vehicle we are going to introduce meets our own minimum expectation.”
He said his company travelled to China, accessed the Chinese auto industry and discovered that JAC was a brand they could associate with.
“Afterwards”, he explained, “we carried out quality test of the product for 18 months. We selected various corporate organizations, individuals and ourselves to test these vehicles,
“We catalogued every complaint and every issue that people complained about. We saw certain areas that we needed improvement upon and communicated them to the manufacturer, who saw it could actually result in an improvement. For example, the truck came with one fuel filter. But because of the type of fuel we have, we have introduced two fuel filters into the trucks, simply because we tested this and found out that we needed to improve upon it.
“And then another improvement we made on the truck was that, you know, in Nigeria, people do overloading of trucks. As a result, we realized that the rear axle and leafspring needed to be strengthened. We informed the manufacturers about this and again, they complied. They complied with various matters that came up,  to improve the product. All these convinced us that we had selected the right auto company to partner with.
After the tests and improvements, Elizade Nigeria Limited, in 2013, officially entered into partnership to officially represent JAC in Nigeria, a development, which resulted in building of showrooms for the brand in Nigeria, one already along Mobolaji Bank Anthony Way, Ikeja and a second one being put up at Akin Adesola Street, Victoria Island, Lagos.

Source: Motoring World

Dakar Rally 2016 in Pictures

All the best images from this year’s Dakar Rally as it winds its way over 5,700 miles through Argentina and Bolivia. The event is one of the most spectacular in world sport, with drivers and a variety of vehicles tackling an incredible array of terrains
Erin Van Loon and Wouter Rosegaar of MINI teamThe Peugeot of Sebastien Loeb and Daniel Elena emerges from the water.A drone flies in front of the Toyota’s driven by Ronan Chabot and co-driver Gilles PillotHelder RodriguesThe Ginaf X2222 driven by Jan Lammers, Emiel Megens and Erik KofmanDMAS South Racing’s Xavier Pons and Adrian Ricardo Torlaschi are helped by spectators after getting their Ford Ranger stuck in the mudPeugeot’s Sebastien Loeb and co-pilot Daniel Elena kick up dustPeugeot’s Sebastien Loeb and Daniel ElenaErin Van Loon and Wouter Rosegaar of MINI teamvRD Limited drivers Romain Dumas and Francois Borsotto in their Peugeot 2008 DKRYamaha’s Marcelo Medeiros comes a cropper and had to withdraw from the race after breaking a collarboneOrlando Terranova and Bernando Graue of MINI team
Maikel Verkade, left, and Jasper Riezebos arrive at the end of the stage in Uyuni, BoliviaA view of the cockpit of the Peugeot 2008 DKR of Carlos Sainz and Lucas CruzToby Price of Red Bull KTM Factory TeamNasser Al-Attiyah in his Mini
Source: The Guardian

Dakar Rally: Toby Price eyes podium finish, sits second at halfway stage

Australian rider Toby Price says he has achieved his goal for the first week of the Dakar Rally having retained second place overall in the motorcycle division.
The 28-year-old has won three of the seven stages completed to sit three minutes and 12 seconds behind overall leader Paulo Goncalves.
In the last stage before the rest day, Price finished fifth behind Frenchman Antoine Meo.
Price, in his second Dakar, says he is determined not to drop his guard as the race enters its second week.
"My goal is to finish the race and get a podium spot," Price said.
The Australian flags at the finish were great to see. It's nice to get support when you're racing so far from home.
Toby Price
"We had a good first week, no significant mistakes, and our objective was to get to the rest day in a good position."
Heavy storms and torrential rain have hampered the race's first week and led to cancellations and changes.
Since encountering setbacks during stages three and four, Price has been able to stay largely trouble-free in the gruelling event in which riders are forced to endure headache-inducing high altitudes.
"I'm happy with the work we've done so far but it's far from over, a mechanical or a navigational mistake can destroy everything," Price said.
Price, from Singleton in the New South Wales Hunter Valley, had back-to-back wins on stages five and six.
"The Australian flags at the finish were great to see. It's nice to get support when you're racing so far from home," he said.
In the car division, Sebastian Loeb leads at the midway point by more than two minutes from French countryman Stephane Peterhansel.
The Dakar Rally, running in Argentina and Bolivia, resumes on Monday and ends next Saturday in Rosario, Argentina.

Monday, 4 January 2016

US Department of Justice Files Suit Against Volkswagen for Diesel cheating.

Volkswagen's in trouble, again: The United States Department of Justice has just announced it's filing suit against Volkswagen Group for its emissions-cheating software in VW, Audi, and Porsche vehicles sold in the U.S. 
According to RoadandTrack, the DOJ filed the suit on behalf of the Environmental Protection Agency, naming Volkswagen, Audi, Porsche, and each brand's U.S. subdivisions. The complaint alleges that nearly 600,000 diesel vehicles sold in the U.S. were equipped with defeat devices that allowed the cars to pass emissions testing, but emit far more than the legal limit of certain pollutants in everyday driving.
"Car manufacturers that fail to properly certify their cars and that defeat emission control systems breach the public trust, endanger public health and disadvantage competitors," said Assistant Attorney General John C. Cruden for the Justice Department's Environment and Natural Resources Division. "The United States will pursue all appropriate remedies against Volkswagen to redress the violations of our nation's clean air laws alleged in the complaint."
Assistant Administrator Cynthia Giles for EPA's Office of Enforcement and Compliance Assurance said, "so far, recall discussions with the company have not produced an acceptable way forward. These discussions will continue in parallel with the federal court action."
The complaint names nearly 500,000 2.0-liter TDI-powered Volkswagen models from 2009 to 2015, and roughly 85,000 3.0-liter TDI models from Volkswagen, Audi, and Porsche, as violating U.S. environmental regulations. Volkswagen previously estimated that the cheating software was included in up to 11 million vehicles sold worldwide.
The suit filed today provides the Department of Justice with the option of hitting Volkswagen with monetary civil penalties, though no dollar amount was specified in the filing.

Vehicle tinted glass permit now free- Nigerian Police

tinted glass permit
The Nigerian Police has begun a revalidation of motor vehicle tinted glass permit. The exercise which commenced on January 1st 2016 is to enable owners of tinted motor vehicles obtain new permits before March 18, 2016, when all current licenses will become invalid.
Solomon Arese, the Inspector General of Police (IG) made this announcement at the inauguration of the Nigeria Police Central Information System (NCIS).
Speaking about the permit registration or revalidation exercise, the IG stated that all such permits would only be processed through the NCIS in order to build a reliable database that would help in tackling the abuses associated with the analogue process which has now been discontinued.
Application for the tinted glass permit is free. Visit NPF tinted permit application to apply.

Welcome to the year of The BT - “The Challenge”! #LionsRumble



#MeekAtHeartNeedNotApply.
With some very functional and (over) active adrenal glands, some superbikers in Nigeria/West Africa have made and re-written global motorsport history. Motorsport in Nigeria, at least the superbike racing part, can definitely be said to have come of age.

The BT 2016 will be focused on growing the sport the right way for improved safety and sustainability.

"Pumping RED" in 2016 will follow a strict set of rules for participants and attendees to try create a conducive environment towards an exciting race day.

IF you pump RED (i.e plan to race in The BT 2016 and/or have positive contributions to make to The BT 2016), please click on here and complete the registration procedure.

IF you planning to attend The BT 2016, but WONT be pumping RED, please click here for more information on ticketing for the event.

For the safety of all, that participants and attendees @ The BT 2016 should come with a convergence of purpose, which is to race and watch/support the racers.

The BT 2016 comes up between the 23rd and 27 November 2016 for all aspiring racers. Race day is 26th November and starts at 7:00 am


Updates on progress and plans and reminders for The BT 2016 will be periodic as the countdown continues.

Hope to see you @ The BT 2016, IF you (still) pump RED!

Happy New Year !! from the stables of Motoring Nigeria


Three days ago, we were driving closer to the end of the dusty road which ran a distance of 365days. Along the way, there were busted tires, break downs, traffic jams, over-heating, running on fumes, bad breaks, road kills, cop chase, hot days and cold nights...and much more. At some points, I almost did give up to turn around but in the midst of all this, the joy of seeing the beauty behind the hilly, dusty, mountainous road at the other side kept me driving this pretty horse powered car into the sunset.
Now, here we are with other dare-devil drivers who drove through this 365 day sojourn with us. Yes, we lost brothers and sisters along the tracks...if only they could see the pretty sight of the sunrise with us but for them we drive onward together.
The coming 363days do not promise to be a rosy, smooth ride as we continue to help push the limits in the Nigeria Automotive Industry.
We say a big thank you
To our clients,
To those who did business with us,
To our business mentors,
To our fellow dealers across the country,
To our motorsport family,
To RoadKill lovers and finally,
To the MODS on Nairaland who always seem to know which of our not easily gotten news is worthy to grace the front-page of Nairaland, more turbo and grease to your elbows.
Thank you for being an important part of our 2015.
We appreciate you.
Let's make things happen again in 2016!! (We got more surprises)
Happy New Year!!
God Bless You,
God Bless Motoring Nigeria.

www.motoringnigeria.com

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