http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.14Change: -0.22
R/$ = 11.72Change: -0.18
Au 1216.89 $/ozChange: -0.61
Pt 1188.50 $/ozChange: -2.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jan 22, 2004

GM confirms Delta takeover

Back
© Reuse this US carmaker General Motor (GM) is set to take over South Africa’s Delta Motor Corporation, it was announced yesterday.

GM’s decision to buy the remaining 51% of Delta comes after negotiations between the two started in October last year. In 1997, GM bought 49% of Delta.

The proposed deal is subject to approval by South Africa’s Competition Commission.

Robert Socia will be appointed president and managing director of General Motors South Africa (GMSA) and Jeffrey S McGuire will be appointed director of human resources, GMSA.

Socia would succeed Willie van Wyk, managing director of Delta, who has elected to leave the company in order to pursue other interests but will assist in the transition.

“Willie van Wyk started at Delta as director of sales and marketing and his leadership and performance led to his appointment as managing director in 1992. He has done a great job of leading Delta to a prominent place in the industry and leaves a very solid, competitive company,” said Maureen Kempston Darkes, GM group vice-president and president of GM’s Latin America, Africa, Middle East region.

Prior to this assignment, Socia has been a vice-president of GM Europe in charge of worldwide purchasing in Russelsheim, Germany, since 1999.

He also served as chairperson of GM-Fiat Worldwide Purchasing since the establishment of the purchasing joint venture in the fall of 2000.

Socia (49) began his career with the Cadillac Division of General Motors in 1975 in finance, before moving into the purchasing function. He has held a number of purchasing and materials management positions for the former BOC Group, Cadillac and GM do Brasil, before becoming executive director of chemicals at GM’s worldwide purchasing.

Reuters reports that, if the deal is approved by the Competition Commission, GM will join European and Japanese rivals such as BMW, DaimlerChrysler, Volkswagen and Toyota Motor Corporation who have consolidated their positions in South Africa through either wholly-owned subsidiaries or majority shareholdings in local units.

GM, the world’s largest vehicle manufacturer, employs about 340 000 people globally and has manufacturing operations in 32 countries.
Edited by: Martin Czernowalow
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Automotive News
Consumer electronics giant Apple is being sued by lithium-ion battery producer A123 Systems for "systematically" poaching employees to establish a new battery division, expected to power the company’s foray into the electric vehicle (EV) sector. The venture,...
Daihatsu is set to cease distribution in South Africa. The range on sale domestically comprises the Sirion hatchback, Terios small sports-utility vehicle and Gran Max bakkie.
The local truck assembly industry does not fare as badly as widely perceived in terms of the local content on heavy vehicles produced in South Africa, says Daimler Trucks and Buses executive director Kobus van Zyl. Despite the fact that truck tractors are assembled...
More
 
 
Latest News
Updated 5 minutes ago Worldwide, the nuclear industry would benefit if it was possible to develop closer cooperation between national regulatory authorities and between them and the industry itself, as is the case with the aviation industry. This was affirmed by World Nuclear University...
Updated 1 hour 40 minutes ago Unconventional gas explorer Challenger Energy expects to hear by the third or second quarter of this year whether its subsidiary, Bundu Gas and Oil Exploration, will be allowed to explore for shale gas in South Africa’s Karoo basin. The ASX-listed company confirmed...
Updated 1 hour 58 minutes ago The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) fell by a steeper-than-expected 6.6 index points to 47.6 in February, driven chiefly by a 16.2-point decline in the business activity index (BAI) to 45.5. While January’s figure was “artificially high”,...
More
 
 
Recent Research Reports
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
 
 
 
 
 
This Week's Magazine
Updated 2 hours 45 minutes ago Subscribe to Engineering News and Mining Weekly for two years, but only pay for the first year.  The weekly editions of Engineering News and Mining Weekly will be posted to your preferred postal address and also gain access to:
National flag carrier South African Airways (SAA) is in an advanced stage of renegotiating its deal with European airliner manufacturer Airbus to acquire A320 single-aisle (or narrow body) aircraft. The aim is to replace ten of the aircraft still on order with five...
Worldwide, the main thrust in the ports industry over the past decade or more has been to increase efficiency. Traditionally, ports have been run by engineers and mariners and, in the past, increasing a port’s capacity was achieved by expanding the harbour. “That has...
What do you do when an elephant has a toothache? You call Dr Gerhard Steenkamp from the University of Pretoria’s (UP’s) faculty of veterinary science, Onderstepoort, one of only two elephant ‘dentists’ in the world.
The 2015 Sanlam/Business Partners Entrepreneur of the Year (EOY) competition was launched earlier this month in Johannesburg, with the main focus on creating and inspiring entrepreneurs to create jobs and boost the economy.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96