Volkswagen Sees Nigeria Automobile Sales Recovering on Economy

Volkswagen AG expects a rebound in vehicle sales in Nigeria as the economy in Africa’s biggest oil producer recovers, the head of the company’s South African operations said. Nigeria was one of several African oil exporters hit hard when crude prices crashed in 2014, but the economy is recovering as oil rebounds. “Now that the oil price has been recovering hopefully this situation will reverse and we can assemble and see a few hundred cars in the next year or so,” Thomas Schaefer said in an interview at a conference in the Rwandan capital, Kigali.