Market News | AUTOEXPO Kenya 2018

Market News

  • Kansai Plascon acquires Sadolin Paints Kenya in a deal worth over $100m

    Posted on :Tuesday , 12th September 2017

     Kansai Paint is a global company with major operations in Japan, China, Asia, the Middle East, Europe and Africa. Its product offering covers the decorative, industrial, protective coatings and automotive segment. It has research and development facilities in Japan, India and South Africa.

     
    Speaking during a press briefing, Kansai Plascon Kenya Managing Directo. . .

  • VW SA mobilises team to drive sales elsewhere in Africa

    Posted on :Tuesday , 12th September 2017

     Thomas Schaefer, the chairman and managing director of Volkswagen Group South Africa, said a team was established last month that would go from country to country to assess opportunities.

     
    The establishment of the team follows Volkswagen South Africa earlier this year assuming responsibility for developing and networking 49 states to form the new sub-Saharan Af. . .

  • Simba Corp to acquire full control of vehicle assembler

    Posted on :Tuesday , 12th September 2017

     Simba Corporation is set to take full ownership of Mombasa-based Associated Vehicle Assemblers (AVA) after it received regulatory approval to acquire the stake held by Marshalls East Africa.

     
    The AVA is currently owned on a 50/50 basis by Simba and Marshalls.
     
    In a press statement, Competition Authority of Kenya (CAK) said it had g. . .

  • Market competition for commercial vehicles intensifies

    Posted on :Tuesday , 12th September 2017

     Rising urbanisation is encouraging unprecedented infrastructural developments in Africa, especially across the construction and oil and gas sectors.

    Frost and Sullivan report that this is strengthening the regional market for commercial vehicles (CVs) like rigid trucks and flatbed trailers.

    Asian original equipment manufacturers (OEMs) such as Isuzu, Mitsubishi, Dongfeng, . . .

  • New Jaguar models to be electric in 2020

    Posted on :Tuesday , 12th September 2017

     The carmaker said that the first of the new models would be a fully electric vehicle, the Jaguar I-Pace, to go on sale in 2018.

     
    JLR chief executive Ralf Speth said the move was aimed at “giving customers even more choice”.
     
    The firm, Britain’s biggest carmaker, is owned by India’s Tata.
     

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