Photos of a powerful $55,000 Volkswagen assembled in Kenya emerge online

Photos of a powerful $55,000 Volkswagen assembled in Kenya emerge online

- Plans are in place to launch and assemble a $55,000 Volkswagen Tiguan Allspace in Kenya

- The country's authorities are convinced that the car would help generate about $500 million in taxes

- The Volkswagen Tiguan Allspace is expected to compete with the Volkswagen Polo Vivo which is the first locally-assembled German car in Kenya

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Kenya is set to outdoor a $55,000 Volkswagen Tiguan Allspace that would be assembled in the country.

It has been estimated that the car could help contribute about $500 million in taxes in the next five years.

The car has been introduced at a time when the country has embarked on a project to locally assemble cars such as the Volkswagen Polo Vivo.

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The Polo was the first locally assembled German car in Kenya in 2016.

In a bid to make their cars cheaper in the long run, dealers who locally assemble vehicles would not pay the 25% import duty levied on fully-built imported vehicles.

In other news, car manufacturing company, General Motors, has stopped plans for the release of its all-electric mid-sized Cadillac SUV known as Lyriq on April 2, 2020 in Los Angeles, United States of America (USA).

The coronavirus, since its outbreak, has affected a wide range of business activities all over the world. Information available shows that it is also led to the cancellation of a number of important events all over the world.

Per a report by techcrunch, General Motors announced that it has decided to cancel the event out of the abundance of caution.

It indicated that the coronavirus has led to a state of emergency in several states in the USA as the number of cases continues to rise.

General Motors went on to say that it is currently evaluating plans for the future and would soon release an update on its decision.

It also noted that its top priority has always been keeping its media guests and employees safe and in that regard, it is working with GM Medical and Security to monitor the situation closely.

The company also stated that it has also been following the recommendations for the U.S. Centers for Disease Control and the World Health Organization.

READ ALSO: Twitter to keep Jack Dorsey in office as CEO; cancels plans to move to Africa

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Source: Yen.com.gh

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