More in Africa / Middle East

  • Newswire

    UPDATE 1-Renault targets up to 75,000 vehicles/yr at new Algeria plant  

    (Adds details, background) PARIS/Oran, ALGERIA, Nov 10 (Reuters) - French carmaker Renault opened its first plant in Algeria on Monday at a cost of 50 million euros ($62 million) to boost its presence in Africa's second-biggest auto market. The group set an initial production target of 25,000 vehicles a year that could triple for the factory in Oued Tlelat, in the Oran region, which will produce the new Renault Symbol model....More
  • Newswire

    South Africa Probing Alleged Price-Fixing by Auto-Parts Suppliers  

    The country's Competition Commission cites information linking 82 parts makers colluding over prices for 121 different components since 2000....More
  • Newswire

    Hyundai Opens First South Africa Plant  

    Hyundai will start out building medium-sized commercial trucks at its new vehicle-assembly plant in South Africa's Gauteng economic hub....More
  • Newswire

    UPDATE 3-S.Africa's striking NUMSA union agrees wage deal, one employers' group balks  

    * Confusion as employer groups divided on deal * Four-week strike hit car manufacturers * More than 200,000 workers downed tools * Employers to pay 10 pct wage increases (Adds background, details) By Zandi Shabalala and Ed Stoddard...More
  • Newswire

    GM to Resume Full Production at S.Africa Plant After Strike Ends  

    Full production will resume Tuesday following the end of a 4-week strike at components suppliers....More
  • Newswire

    UPDATE 4-Ford, Toyota halt some South African output due to strike  

    * NUMSA strike affects Ford's Pretoria plant * Toyota says to halt some production from Tuesday * NUMSA, employers expected to meet on Monday * Smaller UASA union says likely to accept offer this week (adds Mercedes Benz, NUMSA and industry comments) By Wendell Roelf...More
  • Newswire

    Ford Says Strikes Won't Weaken Ties to South Africa  

    The U.S. automaker's regional chief, Jeff Nemeth, says a strike that has shut down General Motors production in the country and could expand to Ford hasn't shaken his company's "long-term commitment to South Africa."...More
  • Newswire

    UPDATE 2-Renault seeks financial partner to resume business in Iran  

    * In talks with U.S., French governments over Iran * Has been approached by Turkish, international banks (Adds Renault executive comment on Latin America) By Evren Ballim ISTANBUL, June 19 (Reuters) - French automaker Renault is looking for a financial partner to resume full operations in Iran and is in talks with the U.S. and French governments on the issue, one of its senior executives said....More
  • Newswire

    S. African Metalworkers Union Threatens Another Strike  

    The union, which represents 220,000 workers, last year brought auto production – which represents around 6% of economic output – to a standstill with a 4-week walk-out at parts manufacturers....More
  • Newswire

    South Africa Company Buys Stake in China's Great Wall  

    Super Group, a South African logistics company, now owns a 50.1% stake in Great Wall, Africa's leading automotive exporter....More

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