Nissan set to create more than 1 000 jobs
Local production of the next-generation Nissan Navara is expected to create an estimated 1 200 new jobs in the automotive sector. Manufacturing is expected to begin in 2020 at Nissan’s Rosslyn-based facility, where output is expected to grow by more than 50%. Growing the facility’s capacity to this level will require a two-shift operation, which will result in the immediate creation of an additional 400 jobs, Nissan said in a statement on Thursday.
‘Smuggling, others hindering growth of local auto industry’ – Nigeria
The Managing Director, VON Automobile Nigeria Limited and Chairman, Nigeria Automobile Manufacturers Association, Tokunbo Aromolaran, recently interacted with the media on a number of issues relating to the nation’s fledgling auto manufacturing sector, the Nigeria Auto Policy, financing system and more. Gboyega Alaka reports.
Exports, new-vehicle sales both down in May
In a double whammy for the South African automotive industry, new-vehicle sales contracted yet again in May, with exports also putting in a negative performance for the first time this year. The South African new-vehicle market declined by 5.7% in May, to 40 506 units, compared with the same month last year. The newest sales numbers, released on Monday, showed that May new-passenger car sales dropped by 1.4%, to reach 26 170 units.
M&M to expand African footprint, plans manufacturing units in Sudan, Kenya
Mahindra & Mahindra (M&M) plans to increase localisation of its Scorpio pick-up at its factory in South Africa’s Durban, as it seeks to make deeper inroads into the adjoining African markets and get around trade barriers. The maker of XUV300 and Bolero is also looking to set up contract-manufacturing units in Kenya and Sudan, Arvind Mathew, chief of international operations, M&M, said.
Toyota speeds up electrified vehicle schedule as demand heats up
Toyota Motor Corp aims to have half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and said it will tie up with Chinese battery makers to accommodate an accelerated shift to electric power. The change illustrates both the breakneck growth in the electric vehicle (EV) market – which is transforming the global auto industry – and an acknowledgment by Japan’s top automaker that it may not be able to meet demand for batteries on its own. There “may be a gap” between Toyota’s battery needs and what it could produce, as stringent emissions regulations expected in Europe, Japan and China fuel demand, Executive Vice President Shigeki Terashi told a briefing.
17 automakers reportedly ask Trump to back off his plan to lower emissions standards
A group of 17 major automakers have co-signed a letter to President Donald Trump asking him to not go through with his plan to significantly lower emissions standards in the US, according to reports from The New York Times and Reuters. The letter, delivered today, reportedly calls Trump’s plan “untenable.” Trump has been pushing to lower emissions standards for over a year now, and while it might seem counterintuitive that major car manufacturers would be against that, this letter makes crystal clear that are. The issue is that California has much more stringent standards and is leading 17 states in a suit against the EPA over emissions as well.
The world’s most powerful Ferrari and the South African investment company
The most powerful Ferrari ever has the tiniest bit of a South African rainbow hidden under the hood. The new SF90 Stradale – Ferrari’s first series production plug-in hybrid electric vehicle – is powered by a 4-l twin-turbocharged engine delivering 574 kW of power and 800 Nm of torque, taking it from zero to 100 km/h in 2.5 seconds.