Peugeot faults FG’s plan to cut import duties on vehicles
Peugot Automobile Nigeria (PAN) Ltd has faulted Federal Government’s plan to reduce import duties and taxes for tractors, buses, and passenger vehicles, noting that it would serve as a disincentive
New investor takes over Peugeot, to inject $150m
A new Investor, NESBITT Investment Nigeria Limited, has taken over Peugeot Automobile Nigeria (PAN), with an assurance to inject $150 million in the company in the next three years. It said the fund would be invested in retooling and upgrading the automobile company’s assembly line, as well as support infrastructure and working capital. Speaking at…
Peugeot new pickup to debut in Nigerian market
PAN Nigeria Limited, assemblers of Peugeot brand of vehicles, has revealed plans to introduce its brand into the pickup segment of the Nigerian market. Peugeot is tracing its history in the segment, particularly in Africa, dating back to the Peugeot 403 Camionnette-Bâchée of 1956, the Peugeot 404 of 1967, and the Peugeot 504 Pick-up, which…
Peugeot opens spare parts market in Kaduna
The Peugeot Association of Nigeria, PAN has launched an automobile spare parts fair in Kaduna State and also assured customers of warranty on products. Speaking at the opening ceremony in Kaduna, Managing Director, PAN, Ibrahim Boyi, said the initiative is to checkmate sales of fake and substandard Peugeot automobile parts, aside making the products cheap and available in the…
France probes Peugeot over emissions cheating
France on Monday opened a judicial enquiry into allegations carmaking giant PSA cheated on diesel pollution tests in the latest twist in a huge emissions scandal which hit the industry in 2015.
Opel takeover by Peugeot comes after years of crisis
The imminent takeover of General Motors' European subsidiary Opel by French carmaker PSA Peugeot Citroen comes after almost two decades of crisis for the historic manufacturer.
Nigeria’s auto policy in the eye of the storm
The automotive industry is a key sector in most economies across the world. Industry statistics of countries with robust auto sectors show that the design, manufacture and sales of automobiles...