New appointment at Dunlop Tyres South Africa
Dunlop Tyres South Africa has announced the appointment of Thuli Gasa as Head of Corporate Services, serving as a full member of the Executive Committee.
- Industry News
- 31 May 2025
Contrary to great anticipation that Elon Musk would clarify plans for an affordable Tesla at the company’s investor day on 1 March, the eccentric billionaire skirted the issue.
According to news agency Reuters, Tesla engineers told investors that the company would cut assembly costs by half in future generations of cars, but Chief Executive Musk did not unveil when it would debut a much-awaited affordable electric vehicle (EV).
Shares fell more than 5% in after-hours trade following the company's investor day at its Texas headquarters.
More than a dozen Tesla executives led by Musk discussed everything from a white-paper plan for the globe to embrace sustainable energy to the company's innovation in managing its operations from manufacturing to service.
The presentation featured an array of senior engineers, including the new global production chief, Tom Zhu, a nod to Tesla's attempt to show the depth of its executive bench beyond Musk, the face of the company.
Tesla's chief financial officer, Zach Kirkhorn, and others underscored their dedication to cutting production costs.
Kirkhorn estimated that Tesla should invest six times more than it has to date to hit its long-term target of increasing output to 20 million vehicles annually by 2030, a tenfold increase from current capacity. The bill could be $175 billion (R3 208 400 00), he reckoned.
The next investment step for the EV innovator will be a new Tesla factory in Northern Mexico, Musk said, announcing the first plant outside of the United States, Germany and China.
Dunlop Tyres South Africa has announced the appointment of Thuli Gasa as Head of Corporate Services, serving as a full member of the Executive Committee.
The South African Reserve Bank’s decision to lower interest rates by 25 basis points – bringing rates to their lowest level in more than two years – has been cautiously welcomed by the retail motor sector.
“South Africa’s youth are talented, hungry to learn and eager to work, but they need the opportunity to gain real-world skills that translate into jobs,” says Thembinkosi Pantsi, Vice-Chairperson of the National Automobile Dealers’ Association (NADA).
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Human beings have an innate inner drive to be autonomous, self-determined, and connected to one another. And when that drive is liberated, people achieve more and live richer lives.
Daniel Pink
Zero Carbon Charge (CHARGE), South Africa’s first company to pioneer a national network of off-grid, solar-powered ultra-fast electric vehicle (EV) charging stations, announced a R100 million equity investment from the Development Bank of Southern Africa (DBSA).
The new Volvo XC70 mid-size SUV is Volvo Cars’ first extended-range plug-in hybrid. It provides a pure electric range of up to 200 kilometres, making it Volvo Cars’ longest-range plug-in hybrid to date.
A shift towards an electric vehicle landscape in South Africa will get another boost with the soon-to-be released Geely Riddara double cab 4x4 and 4x2 bakkies locally by Enviro Automotive.