JOHANNESBURG – South African new-vehicle sales are expected to reach 900,000 units annually by 2010, the National Association of Component and Allied Manufacturers says. But the auto industry faces many challenges in realizing this goal, with consolidation across the sector expected despite three consecutive years of record new-vehicle sales, NACAM says. An important driving force behind consolidation will be the need to focus on further improvement in costs and competition, plus ongoing ...
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