Globe Motors Holdings (Nigeria) Limited has said it is an accredited and authorised distributor of Toyota vehicles in Nigeria.

This is a swift reaction to a publication by Toyota Nigeria Limited (TNL) that it had severed distribution links with Globe Motors, which stated that it never had that type of relationship with TNL in the first instance to warrant a breakup.

A statement yesterday by the Managing Director of GMHNL, Mr. Victor Oguamalam, said: “Our attention has been drawn to a false publication by a moribund acronym regarding Toyota vehicles distributorship in Nigeria,” stating that the company had direct links to a source known to Toyota Motor Corporation of Japan from where it imports vehicles.”

He explained that Toyota Motor Corporation (TMC) is the number one manufacturing company in the world and that it has five layers of distributorship for their products – Toyota vehicles and spare parts – covering all continents of the world.

Oguamalam said all these distributors ensure that TMC’s standards are met and factory warranty of 3 years is ensured. “Globe Motors is successfully linked to this value chain.”

He said: “Globe Motors Company is the foremost, leading and biggest importer of Toyota vehicles in the country. Our warrantees are more valid than those of any other subset or moribund acronym in the country.”

According to him, “Globe Motors Ltd is the leading distributor of Toyota vehicles in the last 25 years with a current inventory position and investment in Automobile Assembly Plant on a 100,000sqm of prime real estate in the Lekki corridor with a valuation in excess of $150 million.

“Our warrantees are more valid than those of any other subset or moribund acronym in the country. We import tropicalised vehicles, built for Nigerian roads and climate. Our customers enjoy three-year warranty, as stipulated by the manufacturer of Toyota vehicles. We have better backup services.

“As the foremost importers and distributors of Toyota vehicles for the past 25 years, all vehicles imported and sold by Globe Motors have full warranty. We would like to thank our numerous satisfied customers, including governments and agencies, financial institutions, oil and gas companies and various individual customers, for your patronage and continued kind support.

“We reassure you that we will continue to provide you competitive advantage (quality and price) in line with the Anti-Trust Laws and practice, in Nigeria and the world over.”

Globe Motors, he said, had been importing Toyota vehicles through another source that is recognised by Toyota Motor Corporation, in the past 25 years.

Oguamalam said that the other Toyota distributorships are afraid of Globe Motors’ strides, adding that “they are afraid of competition, because from history we have always beaten them and we will continue to beat them and offer the best to the buying public.”

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