Osinbajo urges automotive industry stakeholders to focus on vehicle financing

as mentioned in According to him, it is impossible to have a successful automotive sector without a robust vehicle financing regime."I think that is an area where we really need to focus our attention on. "The approach I will want to recommend is similar to the Focus Lab that was set up to drive investments in the economy. He noted that the Buhari administration was committed to the advancement of Nigeria's automotive industry as it had demonstrated considerable political will toward the implementation of a new automotive policy. "I think that if we get the individual components right, we should be able to fly with this policy," he added. Advertisement AdvertisementThe leader of the delegation, Mr Thomas Schaefer said the group's visit to Nigeria was to advance discussions on developing the African automotive industry by adopting an African approach.

Brexit causing automotive industry to splutter to a halt like an Austin Allegro

I've been keeping a close eye on how our automotive sector is doing, because anyone with an understanding of business and the economy would appreciate how important the industry is to Britain. But the fact is, Brexit has been battering this very industry and today we're met with even more worrying news. Figures show Britain's car industry investment has dropped by half with major car companies choosing not to invest into their UK factories. For months and months, automotive industry leaders have been switching on the hazard lights, in the emergency refuge area that has become the home of the UK motor trade – all to be ignored by the Government. And so I wonder, will the latest revelations encourage ministers to call for roadside assistance, or leave the automotive sector to splutter to a halt and die like an Austin Allegro.

Forum will analyse future of automotive industry in SA

As it stated in The South African motor industry is in a state of flux as it waits to hear the government's final master plan for the industry for the period 2020-35. "We have linked this insightful conference and exhibition to our Automechanika automotive after-market trade fair brand to stress its credibility and value to the South African motor industry," said Tracy Gounden, show director for the Cape Automotive Forum. He serves on a number of relevant organisations, from the SA Chamber of Commerce and Industry to Nedlac, Business Unity SA and the Motor Industry Development Council. The automotive after-market has also been affected with an increase to a trend towards DIY repairs with the ability of end-users to source parts and accessories online. Says Gounden: "We are pleased with the calibre of speakers at forum, which is a must attend event for people involved in SA's motor industry."

collected by :Catlin Logan