Osinbajo urges automotive industry stakeholders to focus on vehicle financing

according to 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 fears putting 850,000 automotive jobs at risk, warns car industry

Investment in Britain's car industry has halved, warns the sector, urging the PM to stick with the benefits of the single market. More than 850,000 jobs directly and indirectly employed in the sector are at risk because of Brexit, the trade body warned, and called on the government to stick with the benefits of the single market. "The current position, with conflicting messages and red lines, goes directly against the interests of the UK automotive sector which has thrived on single market and customs union membership." "Government must rethink its position on the customs union." Advertisement"There is no Brexit dividend for our industry, particularly in what is an increasingly hostile and protectionist global trading environment.

Forum will analyse future of automotive industry in SA

as mentioned 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."

Patimban port crucial for automotive industry

Patimban port crucial for automotive industryJakartaJakarta, posted: Sat, June 30 2018 | 01:36 amDuring a recent meeting between the Indonesian foreign minister and her Japanese counterpart, they reiterated the urgency of speeding up the development of the Patimban seaport in Subang regency, West Java. The new port has been chosen as a replacement for the Cilamaya port project in Karawang regency, West Java, which was rejected due to its proximity to oil platforms in the Java Sea. ...TOPICRELATED NEWS




collected by :Catlin Logan