After securing a contract worth R32 million from DaimlerChrysler last week, Pasdec Automotive Technologies have clinched another huge deal. They will manufacturer automotive cable harnesses for Nissan SA at a cost of R21 million a year.
The Road Freight Association will contribute R3 million towards the fight against Aids. The money will be used to implement HIV policies and programmes in the long distance trucking industry.
Avis Rent-A-Car has seen a 10 per cent increase in reservations by foreign travellers for the six months from November 2001 to April 2002 compared to the same period a year ago.
Despite substantial bids for shares in luxury car and boat retail group Forza in the last month, chief executive David McAlpin has denied rumours that a takeover bid could be imminent.
In a surprise move, BMW chief executive Joachim Milberg will step down next May after asking the supervisory board "to relieve him from his office".
Nissan and the Metalworkers’ Union ended an ongoing dispute over retrenchments at the manufacturer when they signed a new agreement on Tuesday.
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.
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.
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.
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.