US manufacturer Ford is retrenching 630 workers and cutting retirement and health benefits for about 45 000 white-collar workers as it tries to reduce further costs.
November sales reflected a year-on-year improvement of 11 per cent compared to the same period last year, thanks to continued strong light and heavy commercial vehicle sales, the National Association of Automobile Manufacturers of South Africa (Naamsa) said on Tuesday.
German manufacturer BMW will be investing R2 billion to upgrade the Rosslyn plant near Pretoria, a project that will result in an increase in revenue for South Africa.
Bert Wessels, executive chairman of Toyota South Africa, on Monday announced a new senior management structure for Toyota SA Motors, the manufacturer’s operating company.
In October, online retailer McCarthy Call-a-Car performed impressively. Autolocator used-car retailer, meanwhile, generated business in excess of R1,7 million for its subscribing dealers.
There is a shock in store for the South African car market in the new year – car prices will be going up by up to six per cent, says Manny de Canha, managing director of Imperial Motor Holdings.
Toyota Motor Corporation (TMC), of Japan, has announced record operating results for the six months ended September 30, 2003.
Embattled Korean car manufacturer has posted a R136-million operational profit for the three months to June, raising hopes of a financial turnaround by the end of the year.
Volkswagen has ditched its plan to build an entry-level world car in China after studies have shown that the Chinese market would prefer a bigger car. It will instead produce a new version of the Polo.