Market News

  • 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.
     
  • Volkswagen unveils Sh1.65m passenger car as Uhuru inaugurates plant in Thika

    Posted on :Friday , 11th August 2017

     The Volkswagen Group Wednesday unveiled its first locally assembled passenger vehicle in four decades during the official opening of its production line at the Kenya Vehicle Manufacturing plant in Thika.

     
    The vehicle, VW Polo Vivo, which has been assembled in three months, will retail at Sh1.65 million inclusive of value-added tax.
     
  • Toyota appoints first Kenyan as Country Manager

    Posted on :Friday , 11th August 2017

     The appointment of Reel is the first Kenyan appointment to this position.

     
    Reel takes over from Sachio Yotsukura who has been with the company for the last four and a half years and returns to Japan to pursue other duties under the parent company, Toyota Tsusho Corporation.
     
    Reel comes back home to Toyota Kenya with extensive exper. . .

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