Consumer Credit : CREDICORP/NADDC kick off initial ₦20B Consumer Credit Fund for purchase of locally-assembled vehicles. Initiative will not only enable Nigerians to purchase locally-assembled vehicles but also grow Nigeria’s automotive industry. Innoson, NORD, CIG MOTORS (GAC), PAN, MIKANO, Jets, NEV (electric) and DAG were in attendance at the signingContinue Reading
National Automotive Design and Development Council boss and House of Reps Members tour CIG Motors facility in Lagos. CIG Motors said its facility in Lagos State has the capacity to assemble 5,000 to 50,000 vehicles per annum. The company said it successfully assembled and launched 2,000 units within just sixContinue Reading
Horror moment Automotive Content Creator Ethan Duran’s brand new $550k Lamborghini Revuelto plug-in goes up in flames. The 26 year old took delivery of the Lamborghini early in October, nearly a year after ordering the plug-in sports car. The Lamborghini with just 108 miles is now a complete write-off, lessContinue Reading
British-Nigerian artist and designer, Yinka Ilori, transforms McLaren Artura into a artwork during a live-painting installation. The unique hand-painted masterpiece was created in partnership with McLaren Automotive and Art of Wishes. At the end of three-month UK tour, the Artura’s hand-painted bonnet will be auctioned by Art of Wishes to raiseContinue Reading
BMW CEO: Europe must cancel ban on sales of petrol cars in 2035 to reduce reliance on China’s battery supply chain. Warns that EU’s plan to ban ICE-powered cars by 2035 will significantly shrink the automotive industry in Europe. BMW’s Chief Executive argues that the continent is not ready toContinue Reading
Saudi Arabia’s flag carrier, Saudia, used massive trucks to move three retired aircrafts from Riyadh to Jeddah. The retired aircrafts, aged between 25 and 26 years, will be given a new life as tourist attractions in the Boulevard Runway Zone. During the trip, the planes were escorted by dozens ofContinue Reading
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