"Volkswagen of Nigeria Ltd." is founded in Lagos with the participation of the Nigerian government. Volkswagenwerk AG holds 40% of the company's shares. Setting up production Nigeria increases Volkswagen's production capacity on the African continent and is aimed at developing an export market for Volkswagen's subsidiaries in Brazil and Mexico. In March 1975, Volkswagen of Nigeria begins producing the Beetle, Passat, Audi 100 and Brasilia. In 1976, it manufactures over 16,000 vehicles, increasing its market share in the passenger car sector to 23.5%.