• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, August 27, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

We are not going to “spoil” the business of second hand vehicle dealers – Universal Motors

August 4, 2020
thevaultzby thevaultz
in Vaultz Business
0
We are not going to “spoil” the business of second hand vehicle dealers – Universal Motors

Chief Executive Officer of Universal Motors, distributors of VW, speaking on the sidelines of the unveiling ceremony of some of the first vehicles produced by VW in Ghana said that, contrary to popular perception, the company is not in the country to “spoil people’s business.”

According to Mr Jeffery Oppong Peperah, Volkswagen will embrace other stakeholders in the sector and ensure that the required skills they need to thrive in the evolving industry are made available to them.

“VW is a peoples’ car. So we don’t come in to spoil people’s business. We are going to onboard people. All these second hand operators that have a lot of things going on, we are not going to take their business. We are open to work with them and we’re going to transfer technology and also knowledge to them.

Mr Jeffery Oppong Peperah

“We are talking to stakeholders which are going to fund for trainings and all these things so these second-hand dealers, they could be trained and become also retailers for Volkswagen and sell the cars as we see it in Europe or any other developing country.”

CEO of Universal Motors, Mr Jeffery Oppong Peperah.

His comments come to assuage the worries and uncertain future of vehicle importers, especially second hand dealers. There has been constant concerns emanating from their camp regarding how their livelihoods may be cut off with the implementation of the Automotive Development Policy by government, which aims at providing the necessary framework for the assembly and manufacturing of vehicles in Ghana.

RelatedPosts

MobileMoney LTD Launches “Shine Your Eye” Campaign to Tackle MoMo Fraud

GRA Unleashes Tech to Hunt Down Crypto Traders Dodging Taxes by Year-End

AGI Pushes for Credit Bureaus and Collateral Registry to Break Loan Default Cycle

Brand new vehicle importers have also been seeking some as they say the COVID-19 has had a bad toll on their operations.

Also, the CEO of Universal Motors indicated that the prices of the unveiled vehicles have been competitively priced to suit the market.  

“The ones we have here in Europe you could buy it for about 37000 Euros but here we are selling it at 32/34{thousand Euros} because it has got a different rate.

This amount, according to Mr Peperah is almost a 12 percent slash “compared to how the vehicles are sold in Europe.”

Speaking at the unveiling event, President Akufo-Addo pointed out that he is optimistic about the future of the automobile industry in the country.

“All these measures are situated in the context of the Ghana Automotive Policy. With the Chinese company Sinotruck already engaged in the assembly of trucks in Ghana, I’m hopeful that other global automobile companies which have indicated their preparedness to set up shop in Ghana, will soon follow, the remarkable pioneering example of Volkswagen.”

The Chairman and managing director of Volkswagen (VW) South Africa who is also in charge of VW’s presence in sub-Saharan Africa has praised Ghana’s efforts in establishing an automotive industry.

According to Thomas Schaefer, President Akufo-Addo “wanted it,” and “made it happen.”

Tags: Automotive industryghanaSecond hand vehicle dealersUniversal MotorsVW
Please login to join discussion
Previous Post

If you have the money why don’t you pay the customers their hard earned money- ASEPA

Next Post

ICUMS: GRA chucks out claims of inability to meet revenue target at Tema Ports

[mc4wp_form id="1264"]

Related Posts

Health Ministry Report Disputes Ridge Nurse’s Injury Claims
General News

Health Ministry Report Disputes Ridge Nurse’s Injury Claims

August 27, 2025
Gyakie Brags About Shatta Wale
Entertainment

Gyakie Brags About Shatta Wale

August 27, 2025
Tanzania Bars Main Opposition Candidate From October Polls
Africa

Tanzania Bars Main Opposition Candidate From October Polls

August 27, 2025
Dr. Victor Asare Bampoe
General News

NHIA CEO Reaffirms Commitment to Universal Health Coverage

August 27, 2025
President John Dramani Mahama in a meeting with Singaporean President Tharman Shanmugaratnam
General News

A Man on a Mission: Singaporean President Lauds Mahama’s Leadership

August 27, 2025
Russia Vows To Respond To Ukraine Drone Attacks
Europe

Peskov Voices Russia’s Opposition To European Proposals On Security Guarantees For Ukraine

August 27, 2025
Health Ministry Report Disputes Ridge Nurse’s Injury Claims
General News

Health Ministry Report Disputes Ridge Nurse’s Injury Claims

by Silas Kafui AssemAugust 27, 2025
Gyakie Brags About Shatta Wale
Entertainment

Gyakie Brags About Shatta Wale

by Esther Korantemaa OffeiAugust 27, 2025
Tanzania Bars Main Opposition Candidate From October Polls
Africa

Tanzania Bars Main Opposition Candidate From October Polls

by Lawrence AnkutseAugust 27, 2025
Dr. Victor Asare Bampoe
General News

NHIA CEO Reaffirms Commitment to Universal Health Coverage

by Silas Kafui AssemAugust 27, 2025
President John Dramani Mahama in a meeting with Singaporean President Tharman Shanmugaratnam
General News

A Man on a Mission: Singaporean President Lauds Mahama’s Leadership

by Evans Junior OwuAugust 27, 2025
Russia Vows To Respond To Ukraine Drone Attacks
Europe

Peskov Voices Russia’s Opposition To European Proposals On Security Guarantees For Ukraine

by Comfort AmpomaaAugust 27, 2025
Health Ministry Report Disputes Ridge Nurse’s Injury Claims
Gyakie Brags About Shatta Wale
Tanzania Bars Main Opposition Candidate From October Polls
Dr. Victor Asare Bampoe
President John Dramani Mahama in a meeting with Singaporean President Tharman Shanmugaratnam
Russia Vows To Respond To Ukraine Drone Attacks
[/vc_row_inner]

Recent News

  • Health Ministry Report Disputes Ridge Nurse’s Injury Claims
  • Gyakie Brags About Shatta Wale
  • Tanzania Bars Main Opposition Candidate From October Polls
  • NHIA CEO Reaffirms Commitment to Universal Health Coverage
  • A Man on a Mission: Singaporean President Lauds Mahama’s Leadership
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.