Mexican Media Brands
GM Trims Output in South Africa
General Motors Co. has cut its production plan in South Africa by an undisclosed amount because of the country’s deteriorating economy.
#economics
Share
General Motors Co. has cut its production plan in South Africa by an undisclosed amount because of the country’s deteriorating economy. The company tells Bloomberg News it may launch a voluntary separation plan for workers.
South Africa’s economy this year is likely to grow at its slowest pace since the 2009 recession, according to government and central bank forecasts. Bloomberg notes that car sales in the country plummeted to a 22-year low in May. The National Assn. of Automobile Manufacturers of South Africa predicts full-year volume will contract for the second consecutive year.
GM makes the Chevrolet Spark minicar and Utility pickup truck, along with Isuzu pickups and commercial trucks at its factory in Port Elizabeth.
RELATED CONTENT
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.