In February 2007, Chukwuma embarked on what some analysts perceived then as a mission impossible, when it incorporated INNOSON Vehicle Manufacturing Company Limited (IVM), to produce sundry commercial automobiles, utility vehicles and passenger cars, in collaboration with a consortium of Chinese auto manufacturers.
With the public display of some of the vehicles at the 2nd Nnewi International Auto Trade Fair held at the Beverly Hills Hotels (Gabros Sports Complex) in the last quarter of 2009, IVM did not only silence the critics, but made a bold statement about its readiness to achieve the avowed mission of being the first (indigenous) auto maker to produce truly Nigerian vehicles that are affordable and reliable.
But even before the President’s visit, IVM had attracted an official delegation from the Ghanaian government, which through a minister, dangled incentives before Chukwuma with an appeal to come over to Accra for talks on how he could set up a similar plant in the former Gold Coast
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