Toyota has developed a little concept car, reportedly in conjunction with Sony, that is half car, half computer pet. It could take centre stage at next month’s Tokyo Motor Show.
The Organisation of Petroleum Exporting Countries will be focusing on finding a way to keep the price of oil stable as its members meet in Vienna on Wednesday.
SY Yi, managing director of Daewoo Motor SA, says his company – which distributes and markets the South Korean brand in Southern Africa – was included in General Motors’s acquisition of Daewoo Motor’s overseas sales subsidiaries.
Some inland areas in South Africa have been suffering fuel shortages recently and the problem is unlikely to end soon.
Ford has been ordered to pay nearly R153 million to a 12-year-old girl after a court ruled that the company was responsible for the rollover accident in which she was paralysed.
The price of oil has plunged amid fears of an economic recession after the terrorist attacks in the United States this month.
General Motors’s recently announced R3,48-billion purchase of a 67 per cent stake in Daewoo Motor may look good on paper, but there is much work to be done before the South Korean manufacturer will become globally competitive, analysts say.
General Motors is set to sign a memorandum of understanding on Friday to acquire a 67 per cent stake in Daewoo Motor for R3,48 billion. The deal, which was negotiated over three years, seals the fate of the embattled South Korean manufacturer.
The bleak outlook for US vehicle sales, following last week’s terrorist attacks on New York and Washington, has led to DaimlerChrysler being put on "credit watch" by a US debt-rating agency.
After only three months in operation, autolocator, the joint on-line vehicle retail venture between motoronline, CARtoday.com and IOL, generated business in excess of R412 000 for subscribing dealers in August.