Low Key!!! Awesome job! In and back out in 1 hour! Quick assistance and felt I was treated fairly! Will return with to Automotive Outfitters with no hesitation. Was charged what was quoted to me. Automotive Outfitters Very good shop for tires and wheels. Took my appointment and had me in and out within 30 minutes. Perfect job. Low Essential shop.

Thanks!!! Thanks towards the team at Automotive Outfitters for obtaining me in and out on Friday!

Honest!!! I’ve known the sales guy Troy who works for Automotive Outfitters for a long time and he’s generally been straight forward and honest. I send my good friends who are looking for tires and wheels to Automotive Outfitters all the time, seriously. Jeff Fisher Client Because 05′ Friend Because 89′ …
Jeff T

Never ever Lets Me Down!!! I have had my last 5 cars customized and or upgraded by Automotive Outfitters. I often get exactly what I want in a quite timely fashion at a Very good price. I typically come up with some pretty wild ideas for my cars and Troy Never says no. The sales team at Automotive Outfitters has Certainly not let me down! So, I am proud to say that I have buddies at Automotive Outfitters. Thank you Troy and Mike. Bob V..
.

Is going to be Glad!!!! In case you are needing new wheels or tires you’ve to get yourself to Automotive Outfitters ..
.. locally owned and operated by Portland natives. Hands down makes “Les Schwab” look like another Mc E Dee’s. Should you want quality and Client support give them a call. You Will likely be glad you did!

Pleased…!!! Troy, Keeley, as well as the rest of the staff at Automotive Outfitters thanks so much for your fantastic service!!! I recently purchased new tires for my SUV and wanted to let you guys know how pleased we are with the tires plus the exceptional way we were treated at your store. Everybody was extremely knowledgeable and Troy took the time to explain…n a number of various choices to us and For no reason made us feel rushed. Your prices are exceptionally competitive as well! Thanks again, we will certainly be back! Michelle R

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Has anyone went to Lincoln Tech NYC?

Has anyone went to lincoln tech in NYC, for the automotive technician? is it really as bad as the reviews say this school is?

Answer
That school is one of those private overpriced for-profit tech schools and I would heed the warnings of others before losing all of that money and then possibly having a much more difficult time getting a job after completing training

A consumer website: http://www.studentsreview.com and can type into search and click ‘comments’ if there are any.

Consumer site: http://www.ripoffreport.com and can type into search.

For schooling, the county vo-tech school or community college is much more affordable, and please make sure that the program is accredited within the industry.

For general career information: http://www.bls.gov/oco and can type into search.

Low Key!!! Awesome job! In and back out in 1 hour! Quick assistance and felt I was treated fairly! Will return with to Automotive Outfitters with no hesitation. Was charged what was quoted to me. Automotive Outfitters Very good shop for tires and wheels. Took my appointment and had me in and out within 30 minutes. Perfect job. Low Essential shop.

Thanks!!! Thanks towards the team at Automotive Outfitters for obtaining me in and out on Friday!

Honest!!! I’ve known the sales guy Troy who works for Automotive Outfitters for a long time and he’s generally been straight forward and honest. I send my good friends who are looking for tires and wheels to Automotive Outfitters all the time, seriously. Jeff Fisher Client Because 05′ Friend Because 89′ …
Jeff T

Never ever Lets Me Down!!! I have had my last 5 cars customized and or upgraded by Automotive Outfitters. I often get exactly what I want in a quite timely fashion at a Very good price. I typically come up with some pretty wild ideas for my cars and Troy Never says no. The sales team at Automotive Outfitters has Certainly not let me down! So, I am proud to say that I have buddies at Automotive Outfitters. Thank you Troy and Mike. Bob V..
.

Is going to be Glad!!!! In case you are needing new wheels or tires you’ve to get yourself to Automotive Outfitters ..
.. locally owned and operated by Portland natives. Hands down makes “Les Schwab” look like another Mc E Dee’s. Should you want quality and Client support give them a call. You Will likely be glad you did!

Pleased…!!! Troy, Keeley, as well as the rest of the staff at Automotive Outfitters thanks so much for your fantastic service!!! I recently purchased new tires for my SUV and wanted to let you guys know how pleased we are with the tires plus the exceptional way we were treated at your store. Everybody was extremely knowledgeable and Troy took the time to explain…n a number of various choices to us and For no reason made us feel rushed. Your prices are exceptionally competitive as well! Thanks again, we will certainly be back! Michelle R

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With increasing electronics in future car technology will there still be demand for mechanical engineers?

I know that there is a great demand for mechanical engineers throughout the world however in regard to the automotive industry will there still be a great demand for mechanical engineers despite future cars being more influenced by electrics? I read a review in the new Honda FCX clarity has only one moving part in it’s “engine”, and this car seems to be an example of where transport technology is going – dominated more and more by electronics.

To enter into the future automotive industry would it be wise to do electrical or mechanical engineering? I am keen on mechanical however recently this question has been lurking at the back of my mind.

Your answers are much appreciated.

Answer
The car chassis stiffness, its resonance to bumps, the deformation of the suspension elements in turns, the crush zones in case of accidents are all area where mechanical engineering would still be required.
More electronics means more electrical engineer’s involvement, but do not expect much reduction in the mechanical side.

Great Selection.!!!!! At Midway Automotive servicing the Boston MA region buys and sells utilised cars, trucks, and vans. I drive by Midway each day. So, I looked them up, saw a car or truck to invest in on the internet and gave them a call. First class transaction, from beginning to end. And what a selection! Free of charge tire rotations and Free of charge oil changes. Who doesn’t like Totally free stuff?

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OUTSTANDING****!!!!! Continually take my truck to Midway Automotive which services the Boston MA surrounding region for service. Wouldn’t go anywhere else. They Constantly have the truck tires and also the truck parts, or get them in quick. The collision repair there is outstanding!

Takes Care of Buyers..
..!! Midway Automotive has an excellent reputation servicing the Boston MA area. Midway takes care of their car-buying Customers. Their put to use auto, truck, van costs can’t be beat. And you get No cost oil change for life! How can you beat that? Hint: You Cannot.

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NOTICE: The rater of this dealer is Genuine. This positive testimonial review of Midway Automotive may perhaps be modified to qualify as unique content within the review space provided herein. Call Midway Automotive inside the Boston spot at (781) 878-8888 for additional Dealer Reviews and Ratings.

Midway Automotive servicing the Boston MA region has a long-standing and well deserved reputation for auto dealer integrity, customer support, Really good financing and a laid-back, no-pressure sales policy. When you {buy|purchase|acquire|invest in|obta

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Lucas automotive products?

What are your ratings and reviews of Lucas fuel treatment product?

Answer
The Lucas fuel treatment is the only fuel treatment I’ve ever used and gotten actual results.

When the engine in my truck is under a load it makes a clattering sound like a diesel.

One weekend I was helping some friends haul stuff for a garage sale. I was pulling a 20 ft trailer and the engine sound was driving me crazy. I stopped at the local auto parts store and the guy recommended Lucas fuel treatment.

I added it and went on my way.

After a few miles (I guess it had to reach the injection system) the engine began to sound quieter. After a while the clattering stopped. I asked my wife “am I crazy or does the engine sound better?” She agreed the stuff must have done the trick.

Now I add it to a tank every time I get my oil changed. Works like a charm!

I would love to know why you asked this question… Have you had good or bad experiences with Lucas???

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Send All My Good friends..
.
.
.!!! I bought three cars at Midway Automotive near Boston MA more than the years and I send all my automobile purchasing Pals to Midway. No one has ever been disappointed. Midway Usually has the greatest motor vehicle, truck or van deals.

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name for my car?

I have a ’03 Toyota Celica.
It’s bright red, and I need a nickname for it!

Plz help me name it! :{D

Here’s a pic (not mine, but the same car):

http://images.automotive.com/reviews/images/01celica.jpg

http://www.canadiandriver.com/testdrives/images/00celica2.jpg

Answer
red

Coolest!!!!! Midway Automotive servicing the Boston MA place is the coolest of all of the employed auto dealers around. The vehicle salesmen are super laid back and real friendly. Even my grumpy Dad who came with me thought they were cool. LOL Midway has so countless good put into use automobiles, vans, and trucks for sale. I bought a Nissan Altima and I love it.

Only Place To Go! Generally take my truck to Midway Automotive which services the Boston MA surrounding location for service. Wouldn’t go anywhere else. They Almost always have the truck tires and also the truck parts, or get them in quick. The collision repair there’s outstanding!

Zero cost STUFF..!! At Midway Automotive servicing the Boston MA spot buys and sells put to use vehicles, trucks, and vans. I drive by Midway each and every day. So, I looked them up, saw a car to acquire on the net and gave them a call. Very first class transaction, from beginning to end. And what a selection! Zero cost tire rotations and Zero cost oil changes. Who doesn’t like Cost-free stuff?

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No Haggle Procedure..!!!!! I went seeking employed vehicles , vans, and trucks internet. The automobile I was seeking was on the web at Midway Automotive, which services the Boston MA location. I called {and a|along with a|plus

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Mechanical, aeronautical or automotive engineering? which program is great career oriented and has a great pay

which program is the best in the above mentioned, in all respect.
all answers, reviews and experiences are welcomed

Answer
I got a degree in Aerospace Engineering and I work around mechanical engineers. I think all of the degrees you mentioned are good in one shape of another. You should probably choose one depending on the field you want to go into. I wanted to work on airplanes, so I got mine in AE. If you want to work on cars, Automotive Engineering might be the way to go. I would say the best test would be to go to monster.com and type in ME, AE, or AutoE in the search and see what kind of hits you get. Read the job descriptions of what is available and choose from there.

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Only Place To Go! At all times take my truck to Midway Automotive which services the Boston MA surrounding area for service. Wouldn’t go anywhere else. They Generally have the truck tires and also the truck parts, or get them in quick. The collision repair there is outstanding!

Absolutely free STUFF..!! At Midway Automotive servicing the Boston MA region buys and sells made use of automobiles, trucks, and vans. I drive by Midway each and every day. So, I looked them up, saw a vehicle to obtain on line and gave them a call. Initial class transaction, from beginning to end. And what a selection! Zero cost tire rotations and Zero cost oil changes. Who doesn’t like Absolutely free stuff?

AWSOME BARGAIN!!!! Thanks Midway Automotive servicing the Boston MA location. Got an excellent 2007 auto, a few bucks under what I wanted for monthly vehicle payment. Awesome bargain! automobile runs smooth. perfect put into use car or truck salesman to work with. No pressure, real nice.

Super People!!! I bought three automobiles at Midway Automotive near Boston MA over the years and I send all my auto buying friends to Midway. No one has ever been disappointed. Midway Normally has the finest motor vehicle, truck or van deals.

No Haggle Method..!!!!! I went seeking utilized vehicles , vans, and trucks over the internet. The motor vehicle I was searching for was on the net at Midway Automotive, which services the Boston MA spot. I called {and a|along with a|plus

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Looking for customer reviews for Gorilla Automotive 910 Gorilla Grip III Steering Wheel Lock?

Where can I find reviews and opinions online for Gorilla Automotive 910 Gorilla Grip III Steering Wheel Lock

Answer
Customer Reviews
Gorilla Automotive 910 Gorilla Grip III Steering Wheel Lock with Remote Control

5 Reviews
5 star:
(3)
4 star: (0)
3 star:
(1)
2 star: (0)
1 star:
(1)

Average Customer Review
3.8 out of 5 stars (5 customer reviews)

3 of 3 people found the following review helpful:
3.0 out of 5 stars A THREE FOR EFFORT, July 14, 2009
By MR. SIR “COOPER” (Dallas, Tx) – See all my reviews
I recently purchased this product via Summit Racing in order to enhance the security system already on the vehicle. I must admit the product doesn’t lack effort on the part of its designers, but falls short in a couple of areas.

1. As with most steering wheel locks, can be easily defeated by simple cutting the steering wheel and discarding the product. Although the alarm is loud, 130db isn’t sufficient enough to cause a loud disturbence. Tried from inside the house while listening to the alarm. Sounds like a smoke alarm siren to some degree. Alerts for 40 seconds, and then resets itself.

2. The unit is battery operated by nature, but there are two screws located on the battery compartment. Know where I’m going?? Anyhow,they are standard phillips heads, allowing for either the battery to be removed or wires cut to siren doing a theft of the vehicle.

Overall, it is a decent product, considering replacement screws, requiring a hex key, will only cost a couple of bucks. 2. Theft-deterrent not theft-proof are the key words.

I recommend the club 491 (for cars and trucks) or the Club 493 for motorcycles and smaller tires. The earlier of which I’ve purchased and should receive this coming Friday.

*** As with any theft-deterrent, if a thief wants it, they’ll get it and you if necessary. No product is fool-proof or perfect.

Hopefully my first review will help someone.

2 of 2 people found the following review helpful:
5.0 out of 5 stars Great & very practical wheel lock, August 4, 2009
By Patrik (California) – See all my reviews
We have been using this Gorilla Automotive 910 Gorilla Grip III Steering Wheel Lock with Remote Control since Feb. 08 and I highly recommend it. It is a solid and well made product that is very easy and quick to put on and take off the steering wheel so you actually don’t hesitate put it on even if you just go in a store for a few minutes + the added remote motion triggered alarm is a bonus in case someone makes it inside your car and start trying to remove the Gorilla Steering Lock. The alarm makes a very high pitch sound that would be hard to stand for too long while in the car trying to mess around with the lock. This lock is also highly visible which is a good deterrent inviting thieves to go for another car without such protection. I personally think that this Gorilla Steering Wheel Lock offers a much better protection than all the Club like devices that are on the market because it is very easy to remove a Club or similar system just by sawing the steering wheel with a little metal saw and then slightly bending the wheel to remove the Club and then bending back the steering wheel. On the other hand the Gorilla Steering Lock has a much wider grab on the steering wheel and most likely would require to cut the wheel on both sides of the lock in order to remove it. One: that takes longer, two: it is not so discret driving around with a big chuck of the steering wheel missing and three: cutting the wheel will trigger the alarm.

GREAT REPUTATION..
.!!!! Midway Automotive has an awesome reputation servicing the Boston MA location. Midway takes care of their car-buying buyers. Their made use of auto, truck, van prices can’t be beat. And you get absolutely free oil change for life! How can you beat that? Hint: You cannot.

AWSOME BARGAIN!!!! Thanks Midway Automotive servicing the Boston MA spot. Got a great 2007 car, a few bucks under what I wanted for monthly automobile payment. Awesome bargain! car or truck runs smooth. Outstanding put to use automobile salesman to work with. No pressure, genuine nice.

Fabulous Selection.!!!!! At Midway Automotive servicing the Boston MA place buys and sells utilised cars, trucks, and vans. I drive by Midway each and every day. So, I looked them up, saw a auto to invest in on the net and gave them a call. First class transaction, from beginning to end. And what a selection! cost-free tire rotations and absolutely free oil changes. Who doesn’t like totally free stuff?

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Top Deals..!! I bought three cars at Midway Automotive near Boston MA over the years and I send all my automobile acquiring friends to Midway. No one has ever been disappointed. Midway usually has the Best car, truck or van deals.

Nothing WRONG**!!! Bought my motor vehicle after Midway paid my mechanic to inspect it. There was Nothing wrong. cannot beat that with a stick.

NOTICE: The rater of this dealer is genuine. This positive testimonial review of Midway Automotive may possibly be modified to qualify as unique content within the review space provided herein. Call Midway Automotive inside the Boston area at (781) 878-8888 for a lot more Dealer Reviews and Ratings.

Midway Automotive servicing the Boston MA place has a long-standing and well deserved reputation for auto dealer integrity, customer service, {Great

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What’s a good and reasonably priced GPS automotive system?

I was thinking about purchasing the Garmin Streetpilot c340 because of the great reviews for it and the closely updated maps, however I found out that the website has discontinued the product. It made me unsure of whether or not I wanted to purchase it. Is there another closely updated GPS automotive device that is reasonably priced that you would recommend?

Answer
Check out the Nuvi series Garmin GPS. It looks as though they use the same UI as the c300 series Streetpilots, and are very capable devices.

Timely Fashion!!! I’ve had my last 5 cars customized and or upgraded by Automotive Outfitters. I usually get exactly what I want in a relatively timely fashion at an excellent price. I usually come up with some pretty wild ideas for my cars and Troy in no way says no. The sales team at Automotive Outfitters has never let me down! So, I am proud to say that I have good friends at Automotive Outfitters. Thank you Troy and Mike. Bob V…

Exceptional!!! Troy, Keeley, along with the rest of the staff at Automotive Outfitters thanks so much for your fantastic service!!! I recently purchased new tires for my SUV and wanted to let you guys know how pleased we are with the tires and also the exceptional way we were treated at your store. Everyone was especially knowledgeable and Troy took the time to explain…n many diverse choices to us and in no way made us feel rushed. Your prices are incredibly competitive as well! Thanks again, we will certainly be back! Michelle R

Awesomeness!!! Truck is awesome! Thank you towards the sales team at Automotive Outfitters for continually hooking me up! Automotive Outfitters..
.If you’re a fan then you already know we are Awesome but do all your close friends know?!? Spread the awesomeness around and share us with your close friends and loved ones. They will thank you! And by the way, You are Awesome too! We couldn’t do it without you. Van L

Platinum service!!! Thanks Automotive Outfitters! for the super signature platinum consumer service on Wednesday …. Now I can have a safe and worry free drive to Eugene. Gunga La…

Quality consumer program…!!! If you are needing new wheels or tires you have to get yourself to Automotive Outfitters …
. locally owned and operated by Portland natives. Hands down makes “Les Schwab” look like another Mc E Dee’s. For those who want Excellent and client program give them a call. You’ll be glad you did!

ON Time!!! Had my windows tinted just two weeks ago at Automotive Outfitters servicing the Portland region. Automotive Outfitters did a fantastic job! The sales team was correct on time with my appointment and using the delivery time. already recommended to all of my close friends and family for tires and wheels.

NOTICE: The rater of this business is real. This positive testimonial review of in Automotive Outfitters in Portland, OR may possibly be modified to qualify as unique content within the review space provided herein Automotive Outfitters in Portland, 503-775-0265 for much more FIVE STAR****Business Reviews and Ratings.

Automotive Outfitters was established in 1999 to bring the very best values in custom wheels, tires, window

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Which Progressive Insurance Automotive X PRIZE vehicle will be announced in September?

The X prize goes to a production vehicle that can get over 100 miles to a gallon of gas or its equivalent. (more or less) This site ( http://www.progressiveautoxprize.org/teams ) lists those who have qualified for the second round and is a good review of some interesting concepts. What design do you find interesting and why?
Oscar, you present interesting ideas. If you back them up with further reading they can be given more weight. The powerful controlling the masses is a theme that may not have disappeared due to the advent of democracy or the industrial revolution. We can choose to condemn all that is wrong or associate with what is inspirational. It is a choice that may suggest who we are and what we will become personally and as a society. I see the X prize as a window into the future.

Tina, while Tata is an established company, they are not the only one. Zap has sold over 117,000 vehicles worldwide, but some companies seem more likely to market vehicles than others.

I find the Aptera inspirational as the only only entrant that seems to have an advanced business plan and has designed an interesting vehicle specifically for fuel economy. Cornering seems to be a problem however.

Answer
TATA because it has a solid international company behind it.

Abstract

The study examined the impact of bank consolidation on automotive industry financing.

61 respondents selected through strategic random sampling technique from GM Motors Nigeria Ltd formed the population for the study.

Data was collected using a survey instrument designed by the researcher. Chi-Square Statistical method was used to test the hypotheses and all findings held at 0.05 alpha significant level. The Analysis of the data revealed that the participants almost unanimously agreed that bank consolidation had impacted positively to the automobile sector in Nigerian economy.

Based on the findings, it was therefore recommended among others things that a regular review of automotive industry in Nigeria by the appropriate authorities while effort should be made to improve the power system (electricity situation) in Nigeria.

INTRODUCTION

Background of the Study

Mergers and acquisitions should be taken seriously as an instrument for enhancing banking efficiency, size, and developmental roles in every economy. Mergers and acquisitions especially in the banking industry is now a global phenomenon.

All over the world and given the role of finance, size has become an important ingredient for success in the globalizing world. The last few years have witnessed the creation of the world’s big banking groups through mergers and acquisitions. The trend has been influenced by factors such as prospects of cost-savings due to economies of scale as well as more efficient allocation of resources, enhanced efficiency in resource allocation, and risk reduction arising from improved management. However, the automotive industry is not left out in the process of alliances. Over the years the industry has witnessed different types of global alliances. For instances Renault- Nissan, VW-Skoda, GM-Daewoo to mention a few them

In the past, the small size of most Nigerian banks, each with expensive headquarters, heavy fixed costs and operating expenses and with bunching of branches in few commercial centers had lead to very high average cost for the industry. This in turn has implications for the cost of intermediation, the spread between deposit and lending rates, and puts undue pressures on banks to engage in sharp practices as means of survival. In an effort to survive the hurdle, the Central Bank of Nigeria introduced the 25 billion Naira minimum capital base for banks in an effort to make our banks much stronger and to able to compete favorably with other banks in the world in providing credit facilities to other sectors of Nigeria economy.

However, in 2004 as part of economic reform in some emerging economies, the Nigerian banking system underwent remarkable change, in terms of the number of institutions, ownership structure, as well as depth and breadth of operations. Banks begin to merge with other banks; while bigger banks begin to acquire smaller ones while automotive industry has become an increasingly pertinent contributor to country’s’ gross domestic product, mainly through strong growth in the motor industries in terms of increasing volume of local production and number of sales. And this is not peculiar to Nigeria alone.

This scenario raises the question “what impact of banks consolidation on automotive industry financing in Nigeria? It is important to envision this evolution from a life cycle of production assembly and sales that have impacted on the financial statements of GM Motors Nig LTD. In order to sustain this process, the automotive industry as a whole requires huge capital intensity from strong and reliable financial back- up to remain viable in the economy and optimize their environmental impact, communicate positive steps to non-governmental organization and other stakeholders to discharge their social corporate responsibilities while maintaining design of product, service system from a sustainability point of view. Hence this work is set to assess the impact of bank consolidation and capital provision for the automotive industry financing in Nigeria (A case study of GM Nigeria ltd)

COOPERATE PROFILE OF GM MOTORS LTD

GM Nigeria is a foremost player in the automotive industry and one of the leading motor vehicle assemblers and marketers in the country. GM Nigeria is a joint venture company between UAC of Nigeria Plc – one of the biggest conglomerates in Nigeria and General Motors Corporation of Detroit, the world’s largest automobile manufacturers. The relationship of these two companies gives them the best support and advantage in all facets of their operations, i.e. Sales, Parts, Services and Assembling.

About GM Global
General Motors Corp. (NYSE: GM), the world’s largest automaker, has been the global industry sales leader since 1931. Founded in 1908, GM today employs about 321,000 people around the world. It has manufacturing operations in 32 countries and its vehicles are sold in 200 countries.  GM’s automotive brands are Buick, Cadillac, Chevrolet, GMC, Holden, HUMMER, Oldsmobile, Opel, Pontiac, Saab, Saturn and Vauxhall. In some countries, the GM distribution network also markets vehicles manufactured by GM Daewoo, Isuzu, Subaru and Suzuki

Brief History of GM Motors in Nigeria

1920 – Started as a Company called Miller Brothers Nigeria Limited which imported cars in to West Africa

1927 – Started importing completely assembled Bedford commercial vehicles into Nigeria.

1929 – Became the Motors Department of then UAC, now known as UACN Plc

1931 – Name changed to Niger Motors Limited. Continued importing built vehicles.

1949 – Commercial Vehicles were shipped in as double unit packs which contained partially assembled chassis for two vehicles in one pack and the wheels in the second pack to be assembled locally.

1959 – Established Nigeria’s First Vehicle Assembly Plant at Apapa. The Company assembled the popular Bedford Trucks of various models.

1965 – The Assembly Plant was renamed Federated Motors Industries, Then popularly known as “FMI” and the distribution arm remained “Niger Motors”.

1979 – FMI started the assembly of trucks from “completely knocked down” (CRD) components.

1980 – The Federal Government accorded FMI the “Progressive Vehicle Manufacturer” status, under the Approved User Scheme. This nomenclature was to attest to its high standard and quality products at that period. FMI and Niger Motors were converted into divisions of UACN Plc.

1991 – UACN Plc and General Motors Corporation of USA incorporated GM Nigeria Limited as a Joint Venture Company. The Assets of FMI and Niger Motors were then transferred to GM Nigeria Limited.

Vision

To be number one in the commercial segment of the automotive industry by providing exceptional value to our customers.

Mission

To provide automotive products of such quality as to enable our customers enjoy superior value while delighting other stakeholders

Incorporation and Address

GM Nigeria Limited is incorporated in Nigeria under the Companies & Allied Matters Act 1990 as a private limited liability company, and domiciled in Nigeria. The address of its registered office is:
31, Mobolaji Johnson Street ,
Oregun Ikeja, Lagos .

Principal Activities

The principal activities of the company are: assembly of SKD (Semi Knocked Down) motor components to produce medium and heavy commercial trucks, importation of FBU (Fully Built Unit) pick-ups, marketing and distribution of vehicles through its network or branches and dealers nationwide. The company provides product support for parts and service at its Oregun plant, Port Harcourt branch, Abuja branch and through its numerous Parts and services dealers. The company is also involved in provision of technical training for employees, dealers and fleet customer’s personnel.

The company’s product range includes Isuzu Light, medium and heavy commercial vehicles (all with various body applications).

Shareholding Of Gm Nigeria Ltd

According to the register of members at 31st December, 2007, the following shareholders of the company held more than 10% of the capital issued shared capital of the company:

Shareholder

Number of Shares

Percentage Held (%)

UAC of Nigeria Plc

72,000,000

60

General Motors, USA

36,000,000

30

Staff of GM motors Nigeria       12,000,000                                 10

Source financial statement GM motors 2007

1.2       STATEMENT OF THE PROBLEM

Serious national efforts towards the development of the automotive industry in Nigeria took place in the early 1970s, with initial joint venture agreements between Peugeot and Volkswagen companies. By 2001, there were over 20 different enterprises manufacturing different types of vehicles, from boats to trucks, including motorcycles and bicycles automobiles in Nigeria. The capacity utilization of the majority of these companies is, however, very low, largely due to the high cost of importing the components needed to assemble vehicles, non government patronage and poor capital base of some of these organizations. By the introduction of the policy of bank consolidation a lot of Nigeria feels that the banking sector will see to the end of this problem. But on the contrary, Nigeria roads are littered with imported second hand vehicle, many of them as old as 10years, as the country is an attractive dumping ground for all kinds of toxic waste while a lot of automotive companies in Nigeria winding up. Hence this study is sets to examine the impact of bank consolidation on automotive financing in Nigeria.

THE OBJECTIVES OF THE STUDY

     This study sets out to:

To establish the effects of bank consolidation on capital provision for the automobile sector in Nigeria. To provide a research oriented framework for the development of good understanding of the basic aspects and importance of bank consolidation as it affects automotive industry in any economy. To determine the inherent relationship between bank consolidation and capital provision for the automotive industry Determine the resent increase financial statement of GM motors and the working capital available for the industry

  RESEARCH QUESTIONS

       The following Research Questions will thus guild this study:

In what way does the bank consolidation affect funding for the automotive industry in Nigeria? What are the benefits that the automotive sector has derive from bank consolidation exercise? To what extent does Banks consolidation provide a vehicle for automotive industry survival in a dynamic business environment? To what extent does bank consolidation enhance growth in the automotive industries? To what extent does the resultant effect of banks consolidation increase the market potential of the automotive industry

 STATEMENT OF HYPOTHESES

The following stated research hypotheses will guild this study:

 HYPOTHESIS 1

Ho: There is no significant impact of bank consolidation and capital provision for the automotive industry in Nigeria.

H1: There is a significant impact of bank consolidation and capital provision for the automotive industry in Nigeria.

HYPOTHESIS 2

Ho: Banks consolidation do not provides a vehicle for automotive industry survival and growth, in a dynamic business environment.

H1: Banks consolidation provides a vehicle for automotive industry survival in a dynamic business environment.

HYPOTHESIS 3

H0: The effect banks mergers does not increase the market potential of the automotive industry

H1: The effect of banks merger increases the market potential of the automotive industry

1.6       SIGNIFICANCE OF THE STUDY

The research is significant in the following ways: Firstly, it will help investors in the automobile industry to appropriate the opportunities provided by the consolidation exercise in that particular sector.

Secondly, it will further assist entrepreneurs to understand the relevance of consolidation of banks to capital provision and finally, it will serve as useful source of material for researchers and students.

1.7 THE SCOPE/DELIMITATION OF THE STUDY

This Study will be limited to Sixty one staffs of GM motor Nigeria Ltd. It will covers the funding of the automotive industry in Nigeria.

DELIMITATION OF THE STUDY

 The study only looked at the impact of bank consolidation on the automotive industry. The population of the study covers only the staff of GM motors Ltd Oregun, Lagos. Therefore, this study may not be generalized.

As the researcher was the sole interviewer and instrument of this study, researcher bias may be possible in any of the interpretations. Though the researcher worked hard to keep out any personal opinions, the possibility of subjectivity may still be present.

Also, it is possible that respondents didnt give accurate information about their operations in other to maintain some level of social dignity. Human Resources manager of the organization also had to answer interview questions from the researcher. This provided a certain level of uncomfortableness and uncertainty as he was worried that he may be judged by his responses. And finally the dearth of literature materials in the automobile sector also was a major challenge

 Summary of Findings

This work examined the impacts of banks consolidation on automotive industry financing, using G.M Motor Ltd as a case study. Sixty copies of questionnaires were distributed, fifty one were returned giving 85% response rate. The results of the findings show that: consolidation have provided a vehicle for automotive industry survival and growth in a dynamic business environment.

Again, automotive industry seems to grow due to banks consolidation that can provide huge capital requirement in case of expansion through new products development or acquisition of small automotive companies and this is usually a strategy to form global alliances designed to monopolize and expand the brand image when merger occur and achieve in some cases political power. Furthermore, banks consolidation provides a vehicle for automotive industry’s’ corporate survival and growth in a dynamic financial environment as it boosts the strength of automotive industry and thus it enhances automotive industry’s financial capacity. Also the results showed that banks merger provides economies of scale and achieve some form of synergy for the automotive industry and the resultant impact of banks consolidation increases the market potential of the automotive industry.

The research also revealed that banks consolidation result in a higher market price and higher earnings per share coupled with improvements in its stability though opinion is divided as to whether the dividend before and after automotive industry alliances cannot be maintained after the consolidation in order for the market price of the automotives stock to be established.

Banks consolidation seems to increase corporate power and improve market share in some cases, resulting in a higher price earning ratio. The work also showed that bank consolidation aids the automotive industry in financing that would not otherwise be possible to obtain, which helps to achieve some synergistic effect without strong bank’s financial capital base.

Also revealed by the study is the fact that banks Consolidation brings about adverse automotive industry financial sustainable effects because the anticipated benefits did not materialize for expected cost reductions were not forthcoming hence it should result in higher earnings or improve its stability. Furthermore, the findings showed that banks merger is vested in automotive industry ability to foster growth and the resultant profitability which will otherwise be difficult and nearly be impossible without banks strong capitalization

Conclusion

Nigerian’s automobile industry is one of the continent’s fastest growing sectors, but it lacks the necessary local technology and finance to fully harness its potential and contribute to national growth and development. This state of affairs has ensured that investing in the sector has become the preserve of just a few foreign companies in the automobile sector, largely based outside of the continent. Bank Consolidation introduced in Nigeria in 2005, is an expression of strong desire of Nigeria government to reinforce an instrument for enhancing banking efficiency, size, and developmental roles in her economy. It is pertinent to know that this exercise has assisted the automaker industry to raise capital that may be require in times of boom as well as depression and successful entry into products market as well as into new geographical markets in Nigeria. The primary purpose of corporate entities has been to increase the financial and operational strength. Banks, consolidation has helped in playing important roles of supporting the real sector like automotive industry in a global context hence banks have remained a new phenomenon in financing big projects in automotive industry in the corporate business world.

Outside the capital provision the automobile sector in Nigeria has also experienced a lot much neglect than other sectors ( Abiodun 2008). In seeking to achieve success in this sector vigorous efforts should be made to counter some of this factors which are known to have hindered achievement in this sector in the past like; power, local content policy and restriction on the importation of cars which can be locally assembled here. Effort should be made to sustain this little improvement that has been recorded in this sector as result of bank consolidation.

 RECOMMENDATION

Based on the findings from the study and the facts at the disposal of the researchers, the following recommendations are made

Regular and study review of the automotive parts/components development industry in Nigeria by the appropriate authorities Government should provide incentive measures to encourage the local auto makers for  ensuring compliance with approved local programmes; The right of inspection and other quality assurance activities in factories, ports and roads in pursuance of minimum standard of automobile on Nigeria Roads by the appropriate authorities Regular evaluation of the pricing structure and quality of the products of the assembly plants to ensure international competitiveness; Forecasting the demand and supply patterns for various types of automotive vehicles produced in Nigeria and the basic raw material requirements by the appropriate authorities The automobile sector should liaise with relevant organisations charged with the production of raw materials (such as sheet metal alloy and special steel) and make sure is available when needed

Finally, The Nigerian government as a matter of urgency should articulate policies that can promote the development of local technology. Basic technical capacities which should include discouraging imports of completely built up units, providing incentives to local assemblers to increase local content in production (tax reduction and subsidies) and regulations to ensure local content in varying percentages.

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I’m Building automotive website that contain car reviews and news, and because of all information about cars is statics so about 70% – 80% of my website is copied articles but i have permission from the sites that i copied articles from, so it’s okay about copyrights but are there any problem with Google AdSense, will that affect my profit from adsense, will google consider my site MFA (made for adsense), or is it illegal for Google AdSense policy?

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If you are the GSM or general manager of an automotive dealership, you probably have never heard of the term “data integrity”. The term “data integrity” means data that have a complete or whole structure. All characteristics of the data including business rules, rules for how pieces of data relate, dates, definitions and lineage must be correct for data to be complete. Or in plain English is your data accurate! With many tools today that’s been offered in the automotive industry it is difficult to comprehend their complexity and functionality. Problems occur from both end of this equation, the business end problems occur from poorly developed software that has many bugs and some fundamental flaw. The user end comes from lack of training and poor user interface, resulting in mistakes and poor data integrity. On top of that many of the vendors don’t work together, resulting in a dealership relying on multiple portals to conduct everyday business. If you can take away anything from this article, remember this! When you have software that requires data entry, who is capable for that job in your dealership. If the data is corrupted or inaccurate, you may as well get a monkey to do this job, because inaccurate data is useless when it comes to reporting, data mining, and trend tracking.

Having a system is great, but every system requires an administrator. The next time you are been sold by a sales person, don’t be fooled into thinking unnecessary complexity is a good thing for business. Because in reality isn’t computers suppose to make your life easier, not to force you to enter more data? If you are assigning your sales manager and sales team to use this tool, keep in mind they are not computer programmers by trade, and if the program is not user intuitive. How often do you think problems and mistakes occur? Remember a simple to use automotive CRM or DMS tool is deceiving because it is able to hide many complex functionalities behind the scene, and in essence it will probably be the better choice when it comes to your CRM solution.

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