“While you have government investing with policy, some of the infrastructure and intellectual property,” he said.
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Automakers delaying recalls to limit negative attention – Study
Many automakers have been involved recalls of new vehicles already released or sold to people across the globe for safety purposes.
Some accidents, including fatal ones, have been traced to issues discovered in such defective vehicles.
In preventing these issues, manufacturers have had complete many thousands of miles in validation testing in different conditions.
But it’s almost impossible to completely eliminate all mechanical hurdles, hence the recall once detected.
Investigations have revealed that many automakers have the best intentions when it comes to swiftly issuing recalls and getting vehicles fixed.
But a recent study by Indiana University’s Kelley School of Business shows that 73 per cent of recalls are announced in clusters, suggesting a pattern to these types of announcements.
The biggest driving force in this complicated issue is the stock market.
As such, the study looked at the six automakers with stock publicly traded in the United States – Chrysler, Ford, General Motors, Honda, Nissan and Toyota.
For the uninitiated, the automaker that initiates a recall is hit the hardest – obviously depending on how catastrophic the mistake is. Of the six automakers included in the study, only nine per cent of its recalls were leading the pack; Toyota was the exception to the rule with much more random recalls – 31 per cent of them being leading recalls.
“The implication is that auto firms are either consciously or unconsciously delaying recall announcements until they are able to hide in the herd,” said George Ball, assistant professor of operations and decision technologies and Weimer Faculty Fellow at Indiana University.
“We’ll gloss over some of the more recent scandals but highlights in the past have proven to be downright dangerous. The National Highway Traffic Safety Administration (NHTSA) currently requires automakers to disclose when they find an issue to mitigate this type of event. In extreme cases, this sort of self-preservation has come at the cost of human life and well-being, but thankfully the majority of modern recalls don’t pose a major risk to motorists.”
Sources: Motor1, Car and Driver, Indiana University Kelley School of Business
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FG deploys Lanre Shittu CNG buses as airport shuttle
FG deploys Lanre Shittu CNG buses as airport shuttle
The Federal Government has commenced the deployment of Lanre Shittu Motors (LSM)-branded Compressed Natural Gas (CNG) buses in the nation’s airports for passengers shuttle.
The first batch of the CNG-powered buses has been launched at the Murtala Muhammed Airport, Lagos, at a ceremony attended by the Minister of Aviation and Aerospace Management, Festus Keyamo, and Managing Director, Federal Airports Authority of Nigeria (FAAN), Mrs Olubunmi Oluwaseun Kuku.
Speaking during the unveiling at the Lagos airport, the minister said the deployment was in line with the directive of President Bola Tinubu.
He said it was part of Nigeria’s commitment to reducing carbon emissions and meeting global climate targets.
‘’What you see here today is a fleet of CNG buses for FAAN to commence passenger movement at all our airports immediately,” the minister said.
He said the newly acquired CNG-powered LSM buses unveiled at the Lagos airport are eco-friendly with zero emission and designed with accessibility features for persons with disabilities.
The deployment, he added, was in compliance with the President’s goal of reducing reliance on traditional fossil fuels of petrol and diesel and promoting sustainable use of CNG to power vehicles in the country.
The introduction of the CNG to power automobiles is one of the Federal Government’s initiatives to ease the impact of fuel subsidy removal on the masses.
The CNG buses, according to the Managing Director of Lanre Shittu Motors, Taiwo Shittu, come in two specifications: a 31-seater for airport shuttle services and a 54-seater for mass transit city buses.
He said they had been equipped with modern amenities, including air conditioning, viewing screens, and charging stations.
With the introduction of the CNG buses, he said LSM aimed to provide a more sustainable and efficient transportation solution not only to Lagos but other parts of the country.
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LSM MD extols founder’s qualities after latter posthumous industry award
LSM MD extols founder’s qualities after latter posthumous industry award
*He left us a good name, says son
Founder and late Chairman of Lanre Shittu Motors (LSM), Alhaji Olanrewaju Shittu, has been honoured with a Nigerian auto industry posthumous award.
This was announced in Lagos at the 2024 edition of the annual
Nigeria Auto Journalists Association (NAJA) announced this in Lagos at the 2024 recently industry awards.
The prestigious award was received by one of his sons, Mr Taiwo Shittu, who is also the managing director of the auto company.
NAJA said the award was in acknowledgement of the leading role of the LSM founder in the development of the automotive business in Nigeria, describing him as a silent achiever.
Speaking on the honour, Taiwo Shittu, who was also declared the Nigeria’s Auto Personality of the Year, praised his father for painstakingly building the LSM brand and leaving behind a good name to the delight of the children and the entire family members.
He described this as a legacy accounting for the success of the company so far since his father’s demise over a year ago.
He said, “I must thank my late father, Alhaji Razaq Olanrewaju Shittu, for building the brand name. There is nothing like a good name.
“If you don’t leave anything for your children other than a good name, the sky is the limit for them.
“In our own case, he left us money and the good name. We can’t thank him enough for leaving us with a good name.
“You can imagine that everywhere we turn to in the country, once we mention we are Lanre Shittu’s sons, we are ushered in immediately.
“People would say ‘Your father was a good man. He won’t cheat you if you did any business with him. His word was his bond; he never broke his promises’. I have heard this many times. And the only thing we can do is to build on this legacy.”
Taiwo Shittu also noted that the unity existing among the 20 surviving children of the late LSM founder was part of his father’s legacies and something for other family businesses in Nigeria to emulate.
He said, “A lot of businesses collapse after the death of their owners. Once a business founder is dead, the next you hear is that a fight has broken out and while one person is taking the arm, another is claiming the leg, the other is going for the body. And in six months, the whole empire is gone down.
“In our case, we have 20 siblings that are cooperative and believe in my ability to lead the business with my other brothers.
“We had a father who never spoiled us. He taught us sincerity, commitment and accountability.”
He also spoke about the lifestyle of the late father, saying even though he was a car dealer and loved cars, he would only change his main car after every 10 years.
“Yes, he loved cars. He used to have a Rolls Royce. But he no longer had it before he died. What he had was a Mercedes-Benz Maybach. His car garage was not packed full. Even though he was a car dealer, he changed his main car every 10 years.
“He was a very prudent man. At the beginning of his adult life, he had many cars; in the middle, he was prudent. It was at the end that he bought some flashy cars such as Lexus L600, MayBach 650 engine – at that time only he and ex-President Muhammadu Buhari had that car. He bought the car then because the family was preparing for three weddings. By time he died, the MayBach had only run 600 miles.”
The LSM chairman, according to him, started the auto business in the late 1970s as a car dealer with three vehicles.
He said he was so creditworthy that many were willing to release their vehicles to him on credit, adding that this helped the business to grow faster.
He recalled how he would travel to Ogbomosho, Oyo State, and Kaduna to buy cars and returned to Lagos with double the number he could readily paid for.
“Sometimes, he would travel as far as Kaduna to buy 12 cars from PAN, he would be the person driving the last vehicle while others were ahead driving all the way to Lagos,” he stated.
Before delving into automobile assembling, he also recalled that Daewoo and Rolls Royce were the two brands that gave the LSM a real breakthrough.
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CNG conversion centres now 170, FG targets 200 Dec 31
CNG conversion centres now 170, FG targets 200 Dec 31
The Presidential Compressed Natural Gas Initiative (P-CNGI) on Wednesday announced that the CNG conversion centres in the country are now 170.
It was upbeat that the 170 CNG conversion centres in Nigeria would increase to 200 at the end of December 2024.
The centres hit 170 with the commissioning of Portland Gas Conversion centres in Kado, Abuja.
Speaking with reporters, the PCNGI Chief Executive, Engr. Michael Oluwagbemi, said the P-CNGI which has doubled its target for 2024, is hopeful of hitting 500 conversion centres next year.
His words: “Before the end of this year, I promise in the next two weeks, we will get to 200. We are already looking for and certifying at least an additional 35 to 40 on our record.
“I believe we will get to 40 at the end of this year. And that is double our target. You remember this time last year, I told you our target was 100 and now 200.
“Next year, we have set a target of 500 for us and I believe we will blow.”
He recalled that from the seven conversion centres of 2023, there are now 170 centres in Nigeria.
According to him, all the conversion centres are owned by private-sector investors.
“We went from seven conventional centres, that with these now, I easily would say we are around 170.
“So today, from seven to 170, there is not a single one of those that were built by the Federal Government of Nigeria,” he said.
He urged Portland Gas Limited to increase its working hours from 24 to the present 24 hours.
Meanwhile, the Portland Gas Limited, Chief Executive Officer, Engr. Folajimi Mohammed said the workshop which opens 12 hours daily, can convert a car within one hour.
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He said it is a full state-of-the-art centre, comprising the mechanical, electrical, calibration, and of course which cannot be done without gas.
He said: “So what we do here is a Turkey solution, where from the conversion part of it, you can make sure that when you leave here within an hour, thereabouts, you are able to make sure that you have a fully converted CNG car.
“And when I mean fully converted CNG car, I mean, it is still a hybrid. You can have the option to switch from petrol to gas where you want to.”
According to him, the tanks that are presently installed in the vehicles are durable for 20 years.
He said since the infrastructure is limited in the country, it is advisable to convert the vehicles in a manner they can use other fuels in addition to CNG.
Mohammed said, “We know the gas infrastructure is just about to improve. “Well, for now, what we have, the limited availability of the infrastructure, by making sure that you don’t do 100% conversion. I can always switch to petrol in the event of any emergencies.”
He said being methane, the gas is very safe as it is lighter than air.
Besides, Oluwagbemi said a free interstate transportation will be provided in the Federal Capital Territory between during the Yuletide.
According to him, six buses will be added to the fleet.
He said, “You know in Abuja today we have 16 buses running Gwagwalada to Keffi and Nyanya as well as in Nigeria that project is already ongoing and it will be expanded to interstate this week.
“We are going to put additional six buses to run interstate here in Abuja and neighbouring cities. We are just providing free transportation programme during the yuletide period.”
Speaking, the National Agency for Science and Engineering Infrastructure (NASENI) Executive Vice Chairman, Khalil Suleiman Halilu recalled that the CNG journey started a long time ago.
He added that the CNG of Portland is a first of its kind in terms of partnership and private sector.
He said in the partnership, the government provides the policy, infrastructure, and intellectual property.
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