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Last updated on April 23, 2014 at 11:40 EDT

Nissan and Stallion Group to Start Auto Assembly in Nigeria

October 9, 2013

LAGOS, Nigeria, October 9, 2013 /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

SOURCE Renault-Nissan Alliance


Source: PR Newswire