Kenyan automaker Mobius Motors has ceased operations due to financial challenges.
Kenyan automaker Mobius Motors, known for producing rugged, low-cost SUVs for African roads, has ceased operations due to financial challenges. Founded by a London-born investor, the company struggled with tax increases and competition from second-hand imports, ultimately rendering its business model unsustainable. Despite considering relocation, logistical challenges deterred the owners.
August 06, 2024
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