https://www.engineeringnews.co.za

Vehicles importer announces corporate restructuring

8th August 2014

By: Irma Venter

Creamer Media Senior Deputy Editor

  

Font size: - +

Combined Motor Holdings (CMH), the JSE-listed importer and distributor of MG and Maxus vehicles, has announced a number of structural changes for the brands in Africa.

MG and Maxus are sold locally through Mandarin Motors.

CMH has bought out the shares of Alan and Terry Horseman, with Mandarin Motors now fully owned by CMH.

The legal entity of Mandarin Motors remains, but now trades under CMH Brands, which will represent Maxus South Africa (SA) and MG SA, among others.

CMH Brands will be located in Little Falls, Roodepoort, where it will share the building with West Rand Volvo and GM Westrand.

Derrick Bishop will head up the MG and Maxus commercial vehicle brands, while Alan and Terry Horseman have been appointed Maxus taxi subdistributors.

They will focus on setting up Maxus taxi dealers around South Africa.

The biggest news for car buyers is probably the arrival of the new MG3 compact hatchback towards the end of August.

CMH now has “absolute commitment” from the MG and Maxus brands to the “dramatic acceleration” of product range development and improved pricing, says Bishop.

This comes on the back of news that the MG and Maxus parent company, Shanghai Automotive Industry Corporation (SAIC), has started production at a new facility in Thailand, with “an aggressive commitment” to introducing new models for right-hand-drive markets, including South Africa.

“The move is the start of great things for both the MG and Maxus brands in South Africa,” says Bishop.

SAIC Motor is rated 103rd in Fortune 500 and, in 2013, achieved global sales of more than 5.1-million vehicles – an increase of 13.71% on 2012 sales.

Around 230 000 units of this figure can be attributed to sales of the MG and Roewe marques worldwide.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Hanna Instruments (Pty) Ltd
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Monitor Distributors
Monitor Distributors

We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.057 1.32s - 151pq - 2rq
Subscribe Now