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March 7, 2008

Key challenges ahead for SA as power shifts in global auto sector

South Africa should position itself as a key location for growth in the global automotive industry, National Association of Automobile Manufacturers of South Africa president and Toyota CEO Johan van Zyl said at the weekend

Speaking at the presentation convened to release the results of a global automotive survey conducted by financial services group KPMG, Van Zyl said that worldwide industry was again in flux, with the balance of power shifting from the traditional manufacturing powers of the US and Western Europe (Germany, France and Italy) to Japan, as well as Brazil, Russia India and China - the so-called BRIC countries.

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Posted by StaffWriter at March 7, 2008 7:44 AM