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Ford China Gets New Chairman/CEO

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Ford Motor

By Dipo Olowookere

A new Chairman and CEO of Ford China has been announced by Ford Motor Company and he is Mr Jason Luo.

Mr Luo will lead all of the company’s operations in Greater China including its import business, Lincoln, its passenger car joint venture Changan Ford, commercial vehicle investment in Jiangling Motors Corporation, and our operations in Taiwan.

Mr Luo, 51, joins Ford from Key Safety Systems, the fastest growing company in the automotive safety market, where he was global president and CEO for the past 10 years.

While at Key Safety Systems, he led the business transformation and global expansion of the company and achieved significant revenue growth in China.

Mr Luo will be based in Shanghai, reporting to Peter Fleet, Ford group vice president and president, Ford Asia Pacific.

“Jason’s leadership and track record of business growth and transformation in China make him the ideal person to lead Ford in the world’s largest vehicle market,” said Peter Fleet, Ford group vice president and president, Ford Asia Pacific. “He will help us raise our vision in China as we become more nimble and operationally fit, expand vehicle electrification and begin to localize Lincoln vehicle assembly.”

Also announced is the Vice President, Powertrain Engineering, Mr David Filipe, who succeeds Bob Fascetti, elected to retire on October 1, 2017.

Mr Fascetti served nearly 30 years in Powertrain and Product Development improving Ford fuel economy and performance of Ford vehicles around the globe.

Mr David Filipe, 50, is a 25-year Ford veteran who will be responsible for all powertrain engineering around the world. He will report to Hau Thai-Tang, executive vice president, Product Development and Purchasing.

Joining Ford in 1992, Mr Filipe has held various positions within Product Development and several global leadership roles.

Most recently, he served as the vehicle line director, North America trucks, large SUVs and commercial vehicles, which included responsibility for overseeing the development and launch of the 2017 Super Duty pickup truck, the 2018 Ford F-150, and the all-new 2018 Expedition.

“Dave’s broad experience in product around the world makes him an ideal successor to Bob Fascetti, who has made significant contributions to Ford, including leading the development of the entire Ford EcoBoost lineup,” said Hau Thai-Tang, executive vice president, Product Development and Purchasing. “We are grateful for his nearly 30 years of service and wish him well in the future.”

Both appointments are effective September 1.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Senate Passes Bill to Sanction Trading, Preaching in Buses

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trading inside buses

By Modupe Gbadeyanka

A bill aimed at prohibiting hawking, trading or preaching inside commercial vehicles in Nigeria has been passed by the Senate.

The bill known as the Federal Road Safety Corps (Amendment) Bill, 2026, imposes fines between N50,000 and N100,000 for violations if assented to by the President.

The piece of legislation was passed by the red chamber of the National Assembly on Thursday and should later be transmitted to President Bola Tinubu for assent.

Members of the upper chamber of the parliament explained that the law was amended to discourage distractions in commercial vehicles and improve the safety of commuters.

In addition, motorists who fail to cooperate with officials of the Federal Road Safety Corps (FRSC) during roadside breath tests conducted on reasonable suspicion are liable to fines or imprisonment or both.

Lawmakers noted that this was to improve compliance with road safety regulations and reduce road crashes, as fines for driving under the influence of alcohol or intoxicating drugs were raised to N100,000 from N5,000, with the risk of spending two years behind bars.

It was also proposed that disobedience to traffic lights, road signs, pavement markings and other traffic control devices will now attract N100,000, while the fine for speed limit violations is now N100,000, with reckless driving now a fine of N100,000 or two years’ imprisonment.

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Company Gets Ultimatum to Stop Indiscriminate Truck Parking on Aina Obembe Road Baruwa

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Aina Obembe Road traffic agbaje

By Dipo Olowookere

Residents and motorists plying the Aina Obembe Road in Baruwa, Ipaja, Lagos, may soon heave a sigh of relief as the excruciating traffic gridlock being experienced in the area both day and night may soon be a thing of the past.

This is because the chairman of Ayobo-Ipaja LCDA, Mr Lukmon Agbaje, has directed those involved in indiscriminate truck parking along the road to remove the heavy-duty vehicles within one week, threatening to invoke appropriate enforcement measures for noncompliance with this directive.

Speaking during a meeting on Wednesday with the management of SENA Company, which owns the affected trucks, as well as the leadership of Oluwadara CDA and other key stakeholders like the Lagos State Traffic Management Authority (LASTMA), at the council’s secretariat, Mr Agbaje frowned at the prolonged inconvenience suffered by the community, stressing that public roads must remain accessible and safe for all users.

He emphasised the need for a collaborative approach in resolving the issue without undermining legitimate business operations, noting that he’s focused on finding a lasting solution to the gridlock experienced between Oluwaga and Aina Obembe, where parked trucks have continued to obstruct traffic, disrupt business activities, and pose safety concerns for residents and motorists.

He tasked the firm and the CDA to jointly identify and implement alternative parking arrangements that would remove all trucks from the affected roads and restore the free flow of traffic.

He declared that, “The welfare of our people remains our highest priority. No individual or corporate organisation should obstruct public infrastructure or create avoidable hardship for residents. We must ensure that economic activities coexist with public safety, order, and convenience.”

The council chief reaffirmed his administration’s commitment to promoting orderly development, ensuring safe and accessible roads, improving traffic management, and creating an environment where businesses can thrive alongside the well-being of residents.

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FG Rolls Out Green Tax, Cuts Vehicle Import Levies

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Green Tax Surcharge

By Adedapo Adesanya

The federal government has cut import levies on new and used vehicles by as much as 10 per cent in a move aimed at reducing the cost of vehicle importation, even as it commenced the implementation of a new Green Tax surcharge.

According to an update issued by the Nigeria Customs Service (NCS) on Wednesday, the import levy on new vehicles has been reduced from 20 per cent to 10 per cent, while the levy on used vehicles has been slashed from 15 per cent to five per cent under the 2026 Fiscal Policy Measures, which took effect on July 1, 2026.

The customs said the policy is designed to ease the cost of vehicle imports while advancing the government’s environmental sustainability objectives through the newly introduced Green Tax.

The implementation also reduces the overall import duty on fully built passenger vehicles from 70 per cent to 40 per cent.

As part of the Green Tax framework, a new environmental surcharge of between two per cent and four per cent will apply to petrol-powered vehicles with engine capacities exceeding 2,000cc. However, mass transit buses, electric vehicles, and passenger cars with engines below 2,000cc are exempt from the surcharge.

Beyond the automobile sector, the fiscal measures also lower import duties on several essential goods. The duty on imported rice has been reduced from 70 per cent to 47.5 per cent, while crude palm oil now attracts a 28.75 per cent duty.

In addition, import duties on agricultural and manufacturing machinery have been completely removed to support local production, while Waste PET has been added to the export prohibition list to encourage domestic recycling.

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