JOHANNESBURG – The National Association of Automobile Manufacturers of South Africa says it expects the domestic auto industry will record modest growth this year, with new-car sales increasing 4%-5% from 2006. However, NAAMSA expects auto makers to reduce their investments by 7% in 2007. Last year, the industry’s capital expenditure reached a record 6.9 billion rand ($953 million), NAAMSA says. The organization also expects exports of passenger cars and light-commercial vehicles to ...

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