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Fiat Chrysler Signs Up Alfa Romeo Dealers in the U.S.

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DETROIT – Fiat Chrysler Automobiles has begun doling out Alfa Romeo franchises to U.S. dealers, a major step forward in its efforts to reintroduce the Italian sports car brand to American buyers.

The company has so far selected 82 dealers in the U.S. and another four in Canada to sell the brand’s models, Fiat Chrysler said Tuesday. A new two-seater sports car, called the 4C, arrives this year, but the auto maker only plans to sell about 1,000 of them in the U.S.

After that, dealers will have to wait another two years to get the rest of the lineup, which will include a large sedan and sport-utility vehicle to debut sometime between 2016 and 2018, according to a five-year plan unveiled last month.

For years, Fiat Chrysler Chief Executive Sergio Marchionne has pledged Alfa Romeo’s return to the U.S., but not until now has he moved forward with plans to sign on dealers to represent the brand.

Fiat Chrysler hopes to boost global Alfa Romeo sales fivefold over the next five years, from 74,000 in 2013 to 400,000 by 2018, a goal that some analysts say will be difficult, if not near impossible, given the intense competition in the luxury-car market.

Alfa Romeo hasn’t been sold in the U.S. since the mid-1990s, but its relaunch here is crucial to the brand’s global ambitions.

The company wants Alfa to compete with premium car makers like Volkswagen AG’s Audi and BMW AG, which have much deeper pockets and an established foothold in the world’s biggest car markets.

Mr. Marchionne has acknowledged the difficulty of hitting the targets he’s laid out for Alfa Romeo, but believes the goals are achievable. Fiat Chrysler plans to spend EUR5 billion ($6.8 billion) over the next five years to overhaul Alfa.

“It’s a big number,” Mr. Marchionne said at an event in Michigan last month. “That’s a lot of money to spend in a relative short period of time to deliver eight cars. But we’re bent on doing it.”

Most of the new Alfa dealers already have Fiat franchises. The auto maker had promised them a shot at selling Alfas when the auto maker re-launched its small-car Fiat brand in the U.S. three years ago.

Many of those dealers are now eager to get the new high-priced Alfa Romeo cars to help fill out their Fiat showrooms, which currently only sell two models and struggle to turn a profit.

Some Maserati outlets were also awarded Alfa franchises. The dealers are located in 33 states, with the largest concentration of Alfa stores in California, Texas and Florida, the company said.

Fiat Chrysler aims to have nearly 100 Alfa retail stores in place by the end of 2014, and ultimately, expand the number of stores in the U.S. to 350 over time, according to people briefed on the plans. That number would surpass Audi AG’s current U.S. network of 281 dealerships.

– WALLSTREET JOURNAL

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FCTA Pulls Plugs On Taxi Rank, Terminal Services Contracts

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The Federal Capital Territory Administration (FCTA) has ended contracts with taxi rank and terminal operators due to their failure to meet engagement terms and conditions.

Mr. Ubokutom Nyah, the Mandate Secretary of the Transportation Secretariat, FCTA, made this announcement during a meeting with managers of these terminals and taxi ranks in Abuja.

Nyah clarified that due to the operators’ failure to fulfill their engagement terms, the FCTA had to terminate their contracts.

He instructed them to transfer control of the ranks to the Administration within three months, starting from Nov. 21.

He lamented the presence of unauthorized motor parks in the city and assured the readiness of the Administration to establish proper taxi ranks and terminals in the capital.

He revealed that personally visiting the city’s taxi ranks, terminals, and unauthorized motor parks gave him direct insight into the poor condition of these facilities.

He emphasized that as the federal capital city, Abuja deserves better, highlighting that the poor condition of these facilities attracts various criminal elements.

He said “We must rid Abuja of all these. I have gone round the taxi ranks, and of all the places I visited, not one is worthy to be called even a village motor park.”

The Mandate Secretary stressed that the intention wasn’t punitive; rather, it aimed to revamp the sector, introduce new engagement terms, and modernize taxi ranks and terminals in the federal capital.

He also highlighted the plan to increase the number of terminals and ranks where necessary, which would positively impact the administration’s revenue.

He emphasized that this measure was part of a broader effort to eliminate illegal motor parks in Abuja and curb the associated criminal activities.

In response, Mr. Adebisi Lawal, the Operator of Jahi Taxi Rank, praised the administration’s initiative to modernize the taxi ranks and terminals.

Lawal urged the administration to prioritize current operators’ involvement in the selection of new developers for the modernization of the taxi ranks and terminals.

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Power Show Sees Soldiers Batter LASTMA Officer

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It was a show of power at the Ojota area of Lagos on Monday as soldiers pummeled an officer of the Lagos State Traffic Management Authority, (LASTMA).

Eyewitness accounts claim that the ugly scene played out around 8am, and saw about eight soldiers pounce on the yet to identified LASTMA official, while his colleagues took to their heels.

The video of the melodrama has gone viral, where the LASTMA official was appealing to the soldiers, who appeared bent on ‘teaching him a lesson’.

This onslaught comes on the back of a reported assault of a soldier at the same location by LASTMA officials last week.

It would appear that what played out today was the army asserting its authority and defending their khaki as the armed soldiers carried out what looked like a revenge mission.

Eyewitnesses further averred that the victim was rushed to a nearby hospital, after the soldiers left the scene.

It was gathered that the authorities at LASTMA has reported the incident to the military authorities who are said to be looking into the matter.

Meanwhile many members of the public are rejoicing that the soldiers have taught the crude LASTMA official that power is stronger than power, for all their atrocities against motorists on Lagos roads.

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Intra-City Fares Skyrocket By 98% Month-On-Month – NBS

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Kogi, Ogun, Cross River Propel Mining Sector’s 17.95% Growth – NBS

The impact of the removal of subsidy on Premium Motor Spirit (PMS), otherwise known as petrol, has seen the pump prices of the product skyrocket with a corresponding increase in the cost commercial transportation in Nigeria.

According to the National Bureau of Statistics (NBS), intra-city bus transportation fares across Nigerian cities, measured between May and June 2023, increased from N649.59 to N1,285.41 in June 2023.

This translates to 98 percent growth or N635.82 within the month in view.

The NBS made the data available in its Transport Fare Watch report for June 2023.

In the report, the NBS also shared the breakdown of bus journeys within the cities per drop for constant routes; bus journey intercity (state route); charges per person, amongst others.

On a year-on-year basis, the report has it that bus fares rose by 120.63 percent from N582.61 paid by commuters in June 2022.

The average fare paid by commuters for bus journey intercity per drop rose to N5,686.49 in June 2023 compared to N4,002.16 in May 2023 indicating an increase of 42.09 percent, month-on-month.

The report read, “The average fare paid by commuters for bus journeys within the city per drop increased by 97.88 per cent from N649.59 in May 2023 to N1,285.41 in June 2023.

On a year-on-year basis, it rose by 120.63 per cent from N582.61 in June 2022.

“In another category, the average fare paid by commuters for bus journey intercity per drop rose to N5,686.49 in June 2023, indicating an increase of 42.09 on a month-on-month basis compared to N4,002.16 in May 2023.

“On a year-on-year basis, the fare rose by 55.25 per cent from N3,662.87 in June 2022.”

Biztellers reported that the twin forces of forex pressure and increasing price of Brent in the global market would likely see the pump prices of petrol, increased again in no distant time in Nigeria.

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