AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.

MOTOR INDUSTRY. Black days ahead for buyers.

Financial Mail

| November 07, 2008 | COPYRIGHT 2001 Johnnic Communications. (Hide copyright information)Copyright

Byline: David Furlonger

MOTOR INDUSTRY.

Black days ahead for buyers The industry is going through a new period of uncertainty WHAT IT MEANS.

Car price increases of at least 10% in 2009.

Six months more to define policy details.

Increases don't come close to recovering costs but we can't just pass on the difference MIKE WHITFIELD The ANC's preoccupation with party political issues is causing frustration among multinational motor companies invested in SA. German carmaker BMW has once again had to postpone a final decision on whether to build the next 3-Series in SA for export, and other companies say they are concerned.

BMW group chairman Norbert Reit-hofer told the FM in September that the group's management board in Munich would decide on its SA investment within two weeks. That was after former president Thabo Mbeki and trade & industry minister Mandisi Mpahlwa promised a memorandum of understanding confirming terms of the new automotive production & development programme (APDP), which will replace the motor industry development programme (MIDP) in 2013.

However, the sacking of Mbeki and government's …

Related articles from newspapers, magazines, journals, and more
MOTOR INDUSTRY. SA sold short.
Magazine article from: Financial Mail March 11, 2011 700+ words
SA motor industry faces big challenge.
News wire article from: Asia Africa Intelligence Wire November 1, 2002 700+ words
Motor Industry. FORD SA READY TO BURN RUBBER.
News wire article from: Asia Africa Intelligence Wire February 18, 2005 700+ words
Motor industry. WHEELS FOR THE WEALTHY HIT SA'S STREETS.
News wire article from: Asia Africa Intelligence Wire October 25, 2002 700+ words
SA MOTOR INDUSTRY. A capacity to mislead.
Magazine article from: Financial Mail December 24, 2010 700+ words
©2013 Gale, a part of Cengage Learning. All rights reserved. Contact us | Privacy policy | Terms and conditions

The AccessMyLibrary advertising network includes: womensforum.com GlamFamily