The Trump administration has launched a national security investigation into car and truck imports that could lead to new US tariffs similar to those imposed on imported steel and aluminium in March. The Commerce Department on Wednesday said the probe would investigate wheth...
The Trump administration has launched a national security investigation into car and truck imports that could lead to new US tariffs similar to those imposed on imported steel and aluminium in March. The Commerce Department on Wednesday said the probe would investigate whether vehicle and parts imports were threatening the industry’s health and ability to
In Business Day last Thursday (May 31), the protectionist debate played out with Martyn Davies of Deloitte arguing for more protectionism in Africa to help develop the new-car industry, while HSBC CEO Mark Stadler warned about the dangers of inhibiting global free trade. Davies argued that most of Africa allowed the import of used cars
Toyota South Africa Motors said it had issued a notice to recall more than 700,000 vehicles over airbag safety concerns, with some affected models dating back over 15 years. The Japanese carmaker said the recall was needed to replace front airbag inflators produced by parts firm Takata that had been found to have a potential
Nissan expressed optimism about the future of the automotive manufacturing industry in South Africa during a panel discussion at the manufacturing indaba in Ekurhuleni. Nissan SA manufacturing director, Joan Busquets, expressed this view yesterday during a panel discussion at the Manufacturing Indaba in Ekurhuleni, despite the long delay in negotiations between Nissan SA and parent
With more than $3.96 billion in exports, Ford Automotive has ranked first in Turkey’s Top 1,000 Exporters List for the year 2016, prepared by the Turkish Exporters Assembly (TİM). Ford was followed by Tofaş Türk Otomobil and Oyak-Renault Otomobil with exports worth $3.19 billion and $2.8 billion, respectively. The total exports of the top companies
Automotive Investment Holdings (AIH) has partnered with Les Hayden to industrialise Hayden Cobra kit car production in South Africa. Hayden started Cobra replica sports car production in South Africa in the 1980s with the Shamrock Cobra. He produced around 500 kits for the local and export markets. Hayden then licensed a Johannesburg company to also manufacture his design, which evolved into a version that is still being made today. He continued, however, to
The Turkish automotive sector broke a new record with $14.3 billion in exports in the first half of this year. The sector, which closed the January-June periods with foreign sales of $10-$11.8 billion in recent years, left behind $13.6 billion achieved in the first half of 2008, when the all-time export record was broken with