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automotive industry

Global automotive industry lost billions to COVID-19

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automotive

The coronavirus crisis cost the automotive industry billions of dollars worldwide and inflicted heavy losses on companies, according to a study by the EY consultancy group. It found that operating losses among the world’s 17 biggest carmakers amounted to almost 11 billion euros (12.9 billion dollars) in the second quarter of this year, when restrictions […]

Completing Ajaokuta steel coy will revive Nigeria’s automotive industry – DG

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Ajaokuta

Abuja – Mr Jelani Aliyu, Director-General, National Automotive Design and Development Council (NADDC), on Thursday applauded the Federal Government over moves to ensure the completion of Ajaokuta Steel Rolling Mill. Aliyu made the commendation at the annual conference of Commerce and Industry Correspondents Association of Nigeria (CICAN), in Abuja. President Muhammadu Buhari and his Russian […]