As oil price recovers, VW expects to sell more cars in Nigeria
Volkswagen says it is also set to start producing models including the Polo, Passat and Teramont at an assembly plant in Rwanda in June
Kigali — Volkswagen (VW) expects a rebound in vehicle sales in Nigeria as the economy recovers, the head of the company’s South African operations said. Sales in the West African nation dropped to less than 40 units in 2017, according to the company. Nigeria was one of several African oil exporters hit hard when crude prices crashed in 2014, but the economy is recovering as oil rebounds. "Now that the oil price has been recovering hopefully this situation will reverse and we can assemble and see a few hundred cars in the next year or so," Thomas Schaefer said in an interview at a conference in the Rwandan capital, Kigali. VW resumed building cars in Nigeria in 2015, it’s first factory on the continent outside SA. The company is set to start producing models including the Polo, Passat and Teramont at an assembly plant in Rwanda in June. We are "expecting to start with at least 2,000 cars in 2018 alone, but I would love to get to 10,000 cars," Schaefer said. While VW is continuously a...
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