Connecting you to the composites industry


Nigerian Master License Closes

  • Tuesday, 18th July 2000
  • Reading time: less than a minute

Composite Automobile Research Ltd. through its wholly owned subsidiary World Transport Authority Inc. (WTA), today announced that pursuant to the company’s news release of June 22, 2000, all documentation regarding the purchase of the Master License for the country of Nigeria has been signed by WTA and IMR Motors respectively. Upon signing of the Master License, SIGWA Motors Ltd. of Nigeria has agreed to purchase the first factory; scheduled for delivery early in the fourth quarter of 2000. The balance of payment for the purchase of this factory is in process. Production of the first WorldStar(R) vehicles is expected to occur in an expedited manner once the factory and components arrive on site in Nigeria. It is expected that this first factory will be used as a showcase and training facility for rapid expansion throughout Nigeria. Presently, WTA engineers and sales personnel are compiling a Nigerian vehicle specification list for approval and purchase by the Nigerian partners. Composite Automobile Research Ltd. and World Transport Authority Inc. serve the emerging world’s transportation needs through in country manufacturing facilities, utilizing local semi-skilled labour to produce the WorldStar(R) line of utility vehicles.

For more information visit:

Share this article

More News

Comments (0)

Sign in or create an account to join in the discussion.

Leave your comment


Upcoming Events




Follow us
Subscribe to our email newsletter

Subscribe to receive our weekly round-up of all the industry's latest news, jobs, events and more!

We'll always keep your personal details secure and will never share them with third parties for marketing purposes. You can unsubscribe at any time. For further details on how we may use your data, please visit our Privacy Policy.