Market News

Midas changes name to Aftermarket Solutions
Midas changes name to Aftermarket Solutions
17 August 2015

The Midas Group has changed its name to Africa Automotive Aftermarket Solutions (AAAS). It will commonly be referred to as Aftermarket Solutions. The Imperial Holdings Limited-owned entity unveiled its new name and brand identity at the inauguration today of its combined head office and distribution . . .

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FORD WILL ASSEMBLE BEST-SELLING RANGER TRUCKS IN NIGERIA
FORD WILL ASSEMBLE BEST-SELLING RANGER TRUCKS IN NIGERIA
17 August 2015

 • New Ford assembly facility in Ikeja will begin operation in the fourth quarter of 2015 • Ford Motor Company partners with Coscharis Motors Limited in Nigeria • Nigeria to be first African country outside South Africa where Ford vehicles are produced Ford Motor Company has . . .

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Zimbabwe: Govt Splurges U.S.$50 Million On Military Vehicles
Zimbabwe: Govt Splurges U.S.$50 Million On Military Vehicles
10 August 2015

The cash-strapped Zimbabwe government has splurged about US$50 million on 633 vehicles which include all-terrain troop-carrying trucks, water cannons, buses and equipment, mostly used by military and police, as it secretly bolsters its instruments of repression to combat any possible Arab spring-sty . . .

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Nigeria: Jaguar XE Sets Record as Tech Leaders Decide Future for Start - U.S.
Nigeria: Jaguar XE Sets Record as Tech Leaders Decide Future for Start - U.S.
10 August 2015

Coscharis Motors, licensed owner of the Jaguar Land Rover in Nigeria, has once again proven that the future of the automobile industry largely depends on the innovations that come with the Information and Communications Technology (ICT), as the firm unveils its brand new Jaguar XE at the just-conclu . . .

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South Africa: Anticipated Fuel Price Drop Could Be Short-Lived
South Africa: Anticipated Fuel Price Drop Could Be Short-Lived
7 August 2015

Although an anticipated fuel and diesel price decrease will greatly help deeply indebted consumers, the relief might be only temporary, cautioned Debt Rescue CEO Neil Roets on Friday.   The fuel price is expected to go down by 49 cents a litre and the price of diesel by 70c/litre in August. . . .

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