Toyota South Africa Motors has announced that vehicle production at its production facility in Prospecton in Durban will continue at 100 per cent, despite the recent events caused by the earthquake and subsequent tsunami in Japan.
Exports of built-up vehicles and automotive components from South Africa boomed in 2010, with vehicle exports up an encouraging 36,9 per cent from 174 947… Read more →
The improving global economy has had a very positive effect on the export of built-up vehicles from South Africa during the first three quarters of 2010.
Until now, the oldest car is that I have driven is probably a 1955 MGA that I once resprayed for a friend. Thereafter it’s likely my own elderly vehicles circa 1970. So it was quite an occasion to be offered a drive in a 1927 Model A Ford. How did this come about? It was thanks to a delightful, low-key wine festival in the stunningly beautiful Breedekloof valley.
One bright spot for SA motor manufacturers was the jump in exports of built-up units in the first half of 2010, compared to the same period a year ago.
There is perhaps a certain irony in the fact that as our new car market continues to defy the recent global economic meltdown with its ongoing raft of new model launches, activities surrounding old cars also appears to be growing at a remarkable rate.
According to the 11th annual KPMG survey, global automotive executives see a stabilised industry, new investment and growth over the next five years, although they also remain cautious as profitability is still a concern.
The downward trend in vehicle sales in South Africa has been reversed at last, but the improvement is still comparatively small as business and consumer confidence is still feeling the effects of the financial meltdown of last year.
More than two years ago, we announced that Sealy, Texas-based Hennessey Performance was underway with an exciting project that combined American muscle and a high-tech lightweight chassis called the Venom GT. After we’ve had to make do with several grainy renderings, the firm has finally released official images of its latest brute.
Volkswagen take shares in Suzuki: Volkswagen has taken a 19,9 per cent shareholding in Suzuki, of Japan, as part of its strategy to strengthen the… Read more →