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Metair is set to acquire the entire issued share capital of AutoZone Holdings. The JSE-listed Metair is a manufacturer, distributor and retailer of automotive components and energy storage solutions.
Thailand has a national automotive industry policy committee, which includes private-sector and government representatives, that deliberates and then puts in place fixed-term incentives to drive...
Volkswagen Group Africa (VWA) says its Kariega assembly plant, in the Eastern Cape, is operating as normal amid possible plant closures and job cuts at its parent company in Germany. In fact, the...
The Nedbank Manufacturing Roundtable, held on July 11, in Johannesburg, has highlighted the imperative of greater localisation opportunities and the need to facilitate comprehensive skills transfer...
Efforts to catalyse the localisation of the automotive component manufacturing sector are critical to economic development, says financial services company Nedbank Commercial Banking manufacturing...
The National Association of Automotive Component and Allied Manufacturers (NAACAM) says the local production of automotive components must increase to foster sustainable economic growth. While the...
Selling the troubled Mutlu battery business in Türkiye and continuing the stabilisation efforts at Hesto Harnesses are key in returning Metair to solid ground, says CEO Paul O’Flaherty. Announcing...
Nonprofit organisation the Recycling and Economic Development Initiative of South Africa (Redisa) has approached the Pretoria High Court to review and set aside government’s Industry Waste Tyre...
Belgium’s Innoptus team has secured the 2024 Sasol Solar Challenge title, with the team breaking the daily distance record twice in a row during the competition. The Innoptus team consists of...
The formation of South Africa’s business-friendly coalition government has triggered a wave of investment announcements and positive sentiment not seen in years, spurring hope that Africa’s biggest...
Motus’s Import and Distribution business took a significant bite out of the automotive group’s profit in the financial year ended June 30, says CEO Osman Arbee. “Minus the importers, we had a great...
JSE-listed Metair expects to report a loss a share of between 2.7c and 3.3c for the six months ended June 30, compared with earnings a share of 48c reported for the six months ended June 30, 2023....
Energy storage and automotive component manufacturer Metair says it will sell its troubled Mutlu operations in Türkiye to Quexco for R1.95-billion in cash. Mutlu forms part of Metair’s Energy...
CFAO South Africa (SA) subsidiary Toyota Tsusho Africa and Ogihara Thailand have started construction of a new R1.2-billion plant that will produce vehicle body parts for Toyota South Africa Motors...
In an operational update to shareholders for the six months ended June 30, JSE-listed Metair Investments has said its business verticals demonstrated resilience despite the challenging operating...
Motus’s Import and Distribution business took a significant bite out of the automotive group’s profit in the financial year ended June 30, says CEO Osman Arbee. “Minus the importers we had a great...
CFAO South Africa (SA) subsidiary Toyota Tsusho Africa, and Ogihara Thailand, have started construction of a new R1.2-billion plant that will produce vehicle body parts for Toyota South Africa...
The National Consumer Commission (NCC) has referred six car dealerships to the National Consumer Tribunal (tribunal) for adjudication. The NCC received complaints from consumers alleging that these...
South Africa’s seventh administration has taken office amidst a flagging domestic economy desperately seeking traction. The automotive industry, South Africa’s biggest manufacturing industry, has...
The importance of export growth as an automotive industry strategy is crucial to mitigate the numerous risks associated with South Africa's low growth environment. "We see export growth as a really...
Automotive parts manufacturer Gates’ timing belt component kits offer convenience and easy part sourcing to ensure a dependable and safe complete drive replacement solution, explains automotive,...
The newly launched Wealth On Wheels (WOW) platform is set to roll out technologies such as digital cash payments, fleet and vehicle management systems with GPS, and camera monitoring in minibus...
Energy storage company Balancell is moving into a new R80-million factory in Ndabeni, Cape Town, as the business gears up to grow its capacity roughly tenfold, says chief commercial officer Ian...
Automotive and industrial battery manufacturer First Battery on July 17 took media on a tour of its battery recycling facility in Benoni Industrial Sites, in Ekurhuleni, where it recycles 80 t of...
The Swedish wedge-locking solutions manufacturer Nord-Lock range of securing washers, distributed and supported by industrial equipment supplier BMG, is reportedly the only brand on the market that...
Electric vehicle (EV) markets around the world are not all travelling in the same direction, or at the same speed, in 2024, says research group BloombergNEF (BNEF) in its newest EV Outlook Report....
Audi and partner Rubicon have added six 150 kW DC rapid public chargers for electric vehicles (EVs) at locations across South Africa. The new chargers will be located along the N1, N2 and N3...
A new study from Juniper Research has found that the total number of electric vehicle (EV) charging points globally will grow by 194% to 64-million over the next five years, up from 21.8-million...
Lexus, Mini, Toyota and Suzuki have all taken top honours in this year’s National Automobile Dealers’ Association (NADA) Dealer Satisfaction Index (DSI) awards for passenger cars and light...
Ford South Africa (SA) has celebrated the assembly of the one-millionth Ranger at its Silverton plant in Pretoria. While the first million bakkies took 24 years, the second million is set to happen...
In a new strategic cooperation agreement, Volkswagen Group Africa (VWA) and the government of Egypt will conduct a feasibility study on the construction of a body shop and assembly buildings, which...
Mercedes-Benz South Africa (MBSA) says it will move from three shifts a day at its East London plant to two shifts, in a move that could potentially cut 700 jobs. MBSA produces the C-Class for the...
The Competition Tribunal has approved the intended transaction in which heavy and light vehicle sales company Bidshelf 93 will acquire vehicle testing, inspection and certification company Dekra...
More than 130 brands are currently competing in China’s new-energy vehicle (NEV) market, says GlobalData Automotive Division China operations manager John Zeng. Three brands, however, dominate the...
Ford South Africa (SA) has celebrated the assembly of the one-millionth Ranger at its Silverton plant in Pretoria. While the first million bakkies has taken 24 years, the second million is set to...
In its audited consolidated results for the financial year ended March 31, investment holding and management company Invicta Holdings reports that its operating profit grew by 8% to R702-million,...
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