Nissan and Stallion Group to Start Auto Assembly in Nigeria


    --  The Renault-Nissan Alliance and Stallion Group sign Memorandum
        of Understanding for vehicle assembly in Lagos
    --  Nissan to become the first major global auto manufacturer to
        assemble vehicles in Nigeria following legislation change
    --  Potential to develop plant into a major manufacturing hub for
        Nissan in Africa

LAGOS, Nigeria, Oct. 9, 2013 /CNW/ - Today Nissan and West African 
conglomerate Stallion Group announced their intention to jointly launch 
vehicle assembly in Nigeria.

The announcement is in expectation of final approval by the Federal Government 
of the new Automobile Industrial Policy, designed to encourage development of 
the auto industry in Nigeria, and would see Nissan become the first major 
international manufacturer to launch vehicle assembly in the country following 
the new legislation.

The parties have signed a Memorandum of Understanding which will result in 
Stallion - already Nissan's exclusive distributor in Nigeria - increasing 
capacity at its existing plant, VON Automobile Ltd in Lagos.

Stallion currently produces commercial vehicles at the facility. The plant's 
annual capacity will be expanded to 45,000 units to assemble a range of cars, 
light duty trucks, pickups and vans. Full details of the product lineup will 
be confirmed at a later date, however it is anticipated the first product to 
be introduced will be the iconic Nissan Patrol SUV in spring 2014.

Capacity at the plant will also be opened to Nissan's Alliance partner 
Renault, to be utilized according to future business needs.

Nissan President and CEO, Carlos Ghosn, said: "We welcome the proactive 
measures being taken by the Government of Nigeria to encourage inward 
investment and job creation driven by local auto manufacturing. Together with 
our local partner, Nissan is preparing to make Nigeria a significant 
manufacturing hub in Africa. As the first-mover in Nigeria, we are positioned 
for the long-term growth of this market and across the broader continent."

For the full press release, go 
to:http://www.media.blog.alliance-renault-nissan.com/news/4524



SOURCE  Renault-Nissan Alliance 
David Swerdlow Manager AMI Communications Tel: +44-7747-118-341 
Email:David.Swerdlow@Nissan-nmuk.co.uk 
Dudu Mwelase: GM Corporate Communications, Africa Tel: +27(0)12-529-8879 
Email:Dudum@nissan.co.za 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/October2013/09/c8439.html 
CO: Renault-Nissan Alliance
NI: AUT ORDER VNT  
-0- Oct/09/2013 07:43 GMT
 
 
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