Bakkie is early favourite for new Stellantis assembly plant.
Multinational carmaker Stellantis intends to build up to 30,000 vehicles annually at its planned new South African assembly plant, with the option of turning it eventually into a “massive” operation.
Samir Cherfan, COO of Stellantis’s Middle East and Africa activities, says the SA plant will complement existing regional ones in Morocco and Turkey. It will be “a new building block in our industrialisation strategy that includes a plan to sell 1-million vehicles in the region by 2030”. The idea is to source 70% of that from the three plants. Neither of the other two builds Landtrek.
Joy Balepile, the IDC’s head of automotive and transport equipment operations, says the idea is still on the table for other companies and that “a considerable number of brands have shown interest”. Balepile says “significant progress” has been made, notably towards the creation of a vehicle paintshop.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mitsubishi's next-generation Triton bakkie teasedMotorsport-inspired XRT Concept debuts at Bangkok International Motor Show
Read more »
David Notoane hope for better cohesion ahead of crucial U23 Afcon qualifierSouth Africa U23 part-time coach David Notoane hopes the team’s cohesion would have improved when they take on Congo-Brazzaville in a make-or-break second leg of the crucial African Cup of Nations qualifier away on Monday.
Read more »
David Notoane hope for better cohesion ahead of crucial U23 Afcon qualifierSouth Africa U23 part-time coach David Notoane hopes the team’s cohesion would have improved when they take on Congo-Brazzaville in a make-or-break second leg of the crucial African Cup of Nations qualifier away on Monday.
Read more »
WATCH: Market reportBusiness Day TV speaks to David Shapiro from Sasfin Securities
Read more »
BROKERS’ NOTES: Eat your ETF alphabet soupDavid Shapiro of Sasfin on what the smart money is doing.
Read more »
BROKERS’ NOTES: Eat your ETF alphabet soupDavid Shapiro of Sasfin on what the smart money is doing.
Read more »