Market News
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Hudaco strengthens auto businesses with Partquip acquisition
Posted on :Saturday , 6th September 2014
Industrial products importer JSE-listed Hudaco has inked a deal to acquire automotive components distributor Partquip for R550-million, complementing the group’s existing automotive after-market businesses, which distribute clutches, seals and automotive bearings.
“Partquip is an ideal fit for Hudaco in that its main business is the distribution of branded products, an are. . .
New commercial vehicle assembly plant in South Africa
Posted on :Saturday , 6th September 2014
Through its new commercial vehicle assembly plant, in Benoni, east of Johannesburg, automotive company Hyundai Automotive South Africa (HASA) was increasing its contribution to the local economy, CEO Alan Ross said on Thursday at the plant’s official opening.
The 32 000 m2 semi-knocked-down (SKD) assembly plant, which had been established through a R110-million capital investmen. . .
VW launches new Polo Vivo
Posted on :Saturday , 6th September 2014
Four years after the introduction of the locally built Volkswagen Polo Vivo to the market in 2010, Volkswagen South Africa (VWSA) on Friday launched a new-look Polo Vivo.
Distribution of the new Polo Vivos to the various VW dealerships around the country had already started, with an intensive marketing campaign to start on Sunday.Speaking at the Johannesburg m. . .
Namibia: GM Sales Gather Speed in Africa
Posted on :Saturday , 6th September 2014
General Motors South Africa (GMSA) confirmed that the new Opel Adam hatchback and Mokka SUV will arrive locally in 2015. The new models form part of Opel's global product offensive which will see 27 new vehicles and 17 engines launched by 2018, and reaching a growing African market.
Mario Spangenberg, president of GM Africa, reports that the company has invested ove. . ..jpg)
East Africa to adopt cleaner fuel standards in 2015
Posted on :Thursday , 4th September 2014
Plans for five countries in East Africa to adopt cleaner fuel standards in 2015 are likely to help absorb excess low-sulphur oil products coming out of Middle East and Indian refineries, where new capacity is being added, industry sources said.Rwanda, Kenya, Tanzania, Uganda and Burundi are due to switch to the cleaner fuels from January 2015, according to docu. . .Please Select an Option
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