Nissan and Stallion Group to Start Auto Assembly in Nigeria

Lagos, Nigeria (ots/PRNewswire) -

- 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

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

CONTACTS:

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

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | PRN

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