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Components News

Task team to draft auto industry relief proposals

By: Irma Venter     25th February 2009 A joint government–industry task team has been established to draw up recommendations on bringing relief to the embattled automotive industry. The team was expected to finish this document within the next two to three weeks, and to then present its findings to Trade and Industry Minister Mandisi... 

Ford's new export programme safe – for now

By: Irma Venter     20th February 2009 Vehicle manufacturer Ford Motor Company of Southern Africa’s (FMCSA’s) planned R1,5-billion capital programme is “still on track, and I expect it will stay on track”, despite the current economic downturn, says president and CEO Hal Feder. 

Components sector seeks bridging loan from government

By: Irma Venter     20th February 2009 The local automotive industry will require bridging finance of several billion rand, said National Association of Automotive Component and Allied Manufacturers (Naacam) executive director Roger Pitot on Thursday, adding that the exact amount has not yet been determined. 

Cape Manufacturing Engineering approaches IDC for emergency funding

By: Chanel de Bruyn     17th February 2009 Two subsidiaries of one of the Western Cape’s largest engineering firms, Cape Manufacturing Engineering (CME), would face liquidation, unless the group received some financial assistance, nonexecutive chairperson Ewald Wessels said on Tuesday. The company said it had approached the Industrial... 

Auto cat sector sees production volumes, employment plummet

By: Irma Venter     17th February 2009 The local catalytic converter manufacturing industry produced 13,5-million automotive catalysts during 2008, down 17 % compared with 2007. 
 However, it is only when comparing production volumes in the fourth quarter of last year - when the global economic crisis set in - with third quarter... 

US auto suppliers seek $18,5bn in govt aid

By: Reuters     16th February 2009 US auto suppliers submitted a formal request to the US Treasury on Friday for $18,5-billion in emergency funding to avoid a wave of bankruptcies and a deeper crisis in the auto industry. The request, which was submitted by two industry groups, outlined three proposals for financial relief. The... 

South African components sector in crisis as 
pressure mounts on automotive manufacturers

By: Irma Venter     13th February 2009 South Africa’s component manufacturing industry is facing a crisis as vehicle manufacturers take increasing strain under sharply declining local sales and exports. 

Auto industry kicks off aid-talks; MBSA to shed 150 jobs 

By: Irma Venter     12th February 2009 The National Association of Automobile Manufacturers of South Africa (Naamsa) had had its first meeting with the Department of Trade and Industry (DTI) to discuss the way forward for the embattled automotive industry, said Mercedes-Benz South Africa (MBSA) president Dr Hansgeorg Niefer on... 

SA's auto sector needs support, beyond 'cyclical difficulty' - Naacam

By: Irma Venter     12th February 2009 South Africa's automotive industry has moved well beyond “short-term cyclical difficulty” – as Finance Minister Trevor Manuel had described the current economic situation in Wednesday’s Budget Speech, said National Association of Automotive Component and Allied Manufacturers (Naacam) executive... 

SA still working on appropriate support for firms in distress

By: Irma Venter     11th February 2009 There was no direct bailout on the cards for the automotive industry in this year’s Budget, said Treasury officials on Wednesday. Vehicle and component manufacturers last week requested government assistance in providing bridging finance to counter the sharp downturn in vehicle sales, and... 

Cost of capital a concern – GMSA 

By: Irma Venter     9th February 2009 Interest rates would still have to drop by more than 2% before this year's anticipated average vehicle price increases of between 15% and 20% will be negated, says General Motors (GM) African operations president and MD Steve Koch. In light of this, Thursday's 1% rate cut is not expected to have... 

French auto group to launch SA-made hatchback this month

By: Irma Venter     6th February 2009 Renault South Africa will launch its first locally produced vehicle in more than three decades laer this month.  

Component industry assistance needed before end Feb

By: Irma Venter     5th February 2009 The local automotive industry would require bridging finance of several billion rand, said National Association of Automotive Component and Allied Manufacturers (Naacam) executive director Roger Pitot on Thursday, adding that the exact amount had not yet been determined. "This is not a handout -... 

Govt aid to auto industry would be 'nice tool'

By: Irma Venter     5th February 2009 "We're not counting on any aid from government, but it will be a nice tool to have available," says Ford Motor Company of Southern Africa (FMCSA) president and CEO Hal Feder. "Cash flow, margin recovery and demand are currently a concern for component suppliers, dealers and original equipment... 

Naacam calls on govt to step in as component industry sheds 10 000 jobs

By: Irma Venter     2nd February 2009 South Africa's component manufacturing industry is facing a crisis as vehicle manufacturers take increasing strain under sharply declining local sales and exports. National Association of Automotive Component and Allied Manufacturers (Naacam) executive director Roger Pitot says he estimates that... 

Fiat, Chrysler, Cerberus reveal plans for global strategic alliance

By: Irma Venter     30th January 2009 Italian auto manufacturer Fiat, embattled US auto maker Chrysler, and Cerberus Capital Management, the private investment company which is the majority owner in Chrysler have signed a non-binding agreement to establish a global strategic alliance. 

Metalworkers union to host conference on industry job losses

By: Creamer Media Reporter      29th January 2009 Plans to reverse job losses in the metals and engineering manufacturing industries would be unveiled at a job losses conference to be hosted by the National Union of Metalworkers of South Africa (Numsa) in March. The trade union on Wednesday asserted that large industrial companies had to save... 

Auto trade-fair organiser confident about SA debut, despite market slump

By: Irma Venter     23rd January 2009 The inaugural Automechanika South Africa automotive after-market trade fair, scheduled to run from March 18 to 21, is going ahead, despite the current global market slump. 

SA’s auto industry scale-up plan in balance 
as turmoil creates uncertainty

By: Irma Venter     23rd January 2009 It appears the current global economic crisis may be posing a threat to the South African automotive industry’s long-stated plan to produce one-million vehicles a year by 2020. 

Components sector in for 'very tough' times – Naacam

By: Irma Venter     16th January 2009 The South African component industry will face a "very tough" first six months in 2009, owing to decreasing vehicle export volumes and fast-fading local demand, says National Association of Automotive Component and Allied Manufacturers (Naacam) executive director Roger Pitot. 

Mercedes-Benz SA cuts output, reviews jobs at East London plant

12th December 2008 Automaker Mercedes-Benz South Africa has reduced production at its East London plant and plans to conduct a review of employee structures, in a bid to further reduce costs. The company said it had been able to delay the effects of the fast-deteriorating conditions facing the global automotive... 

Auto giant warns that it will migrate away from uncompetitive suppliers

By: Irma Venter     12th December 2008 South African automotive components suppliers can use the current weakness of the rand to grow export volumes, says General Motors South Africa (GMSA) global purchasing and supply chain vice-president Evan Dold. 

The electric car prepares for a fresh onslaught as world seeks to diversify away from oil 

By: Irma Venter     12th December 2008 The days of coughing up R500 at the filling station before queueing off to work in your double-cab pick-up may be getting fewer. Instead, you may find yourself kissing the kids good-bye, unplugging the car from the wall socket, and winding your way to the office in a nimble two-seater. 

Commercial vehicles group revises sales guidance as conditions tighten

By: Irma Venter     5th December 2008 There will be a global ripple effect if any one of the US' big three car manufacturers "go down", says Mercedes-Benz South Africa (MBSA) commercial vehicles vicepresident Kobus van Zyl. 

We have our own resources, GM's Africa chief avers

By: Irma Venter     5th December 2008 "I'm optimistic about the future of our business, especially seen the level of dialogue between congress, General Motors and the rest of the US auto industry," says General Motors (GM) African operations and GM South Africa (GMSA) president and MD Steve Koch. 

SA electric vehicle hopeful aims to start production in late 2010 

By: Irma Venter     5th December 2008 South Africa’s electric vehicle aspirant, Optimal Energy, aims to start production of the Joule towards the end of 2010, says the company’s executive manager marketing Diana Blake. 

Weak rand could help auto components suppliers boost exports – GMSA

By: Irma Venter     2nd December 2008 South African automotive component suppliers can use the current weakness of the rand to grow export volumes, says General Motors South Africa (GMSA) global purchasing and supply chain vice president Evan Dolt. “Our most competitive supplier – with our support – can pick up new export business.”  

Protracted down-cycle forecast by GM for auto market

By: Irma Venter     28th November 2008 The current slump in the local car market, will be a “long, protracted down-cycle,” says General Motors (GM) African operations president and MD Steve Koch. 

No way of forecasting how economic turmoil will affect SA auto industry

By: Irma Venter     28th November 2008 “South African vehicle and component manufacturers currently face extraordinary and extremely volatile conditions,” says Toyota South Africa (TSA) president and CEO, and National Association of Automobile Manufacturers of South Africa (Naamsa) president Johan van Zyl.  

Dorbyl reports interim loss, warns that some units may face closure

By: Terence Creamer     24th November 2008 JSE-listed automotive-components producer Dorbyl reported a loss of R81,7-million, or 240,9 cents a share, for the six months ended September 30, and warned on Monday that conditions remained difficult and that it might be forced to downsize, sell or even close certain businesses. The loss... 

Renault gears up for SA manufacturing foray, says larger export plan to emerge

By: Irma Venter     21st November 2008 Renault South Africa is to start local production of the Sandero in January, says MD Xavier Gobille. The vehicle will go on sale in March. 

Outlook for new vehicle sales remains depressed – Naamsa

By: Creamer Media Reporter      14th November 2008 Domestic new passenger car sales increased by 9,7% to 76 631 units in the third quarter, compared with 69 829 cars sold in the second quarter, however, this was 25% down from the 102 145 new cars sold a year earlier. New vehicle sales have recorded a number of month-on-month declines, which the... 

South Africa must introduce new emissions standards by 2012, Toyota asserts 

By: Irma Venter     14th November 2008 South Africa must introduce Euro 5 emissions standards by 2012, says Toyota South Africa (TSA) president and CEO, and National Association of Automobile Manufacturers of South Africa president Johan van Zyl. 

VWSA's R3bn manufacturing renewal

By: Irma Venter     14th November 2008 The local arm of German vehicle manufacturer Volkswagen of South Africa (VWSA) will invest R3-billion up to 2010 to renew its manufacturing plant in Uitenhage in the Eastern Cape.  

Vehicle exports likely to decline sharply in 2009

By: Irma Venter     14th November 2008 Current indications are that new vehicle exports from South Africa will drop between 10% and 15% in 2009 compared to 2008, this as consumer appetite diminshes in some of South Africa’s key export markets, says National Association of Automobile Manufacturers of South Africa (Naamsa) director Nico... 

New vehicle exports may fall up to 15% in ’09 – Naamsa

By: Irma Venter     4th November 2008 Current indications were that new vehicle exports from South Africa would drop between 10% and 15% in 2009 compared with 2008, this as consumer appetite diminishes in some of South Africa's key export markets, said National Association of Automobile Manufacturers of South Africa (Naamsa) director... 

New auto-focused consultancy believes it can help lower industry costs

By: Irma Venter     31st October 2008 Several well-known personalities in the South African automotive industry have come together to form a new company - Automotive Investment Holdings (AIH) - aimed at consulting to, and investing in the local industry. 

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