Auto CEOs more confident about industry prospects
The confidence of chief executives of automotive companies about the outlook for the new-vehicle market over the next six months has improved significantly.
- Industry News
- 11 September 2024
A well-known figure in the South African automotive landscape, Leslie Ramsoomar (photo), has been appointed as the Managing Director of Salvador Caetano South Africa and GAC Motors, signalling a strategic move to accelerate innovation and growth in the automotive sector.
Leslie brings a wealth of experience, together with a proven track record of leading successful business transformations and driving sustainable growth. His most recent achievement includes securing a landmark manufacturing project for the South African market for Stellantis, further showcasing his strategic acumen and ability to navigate complex business landscapes.
In response to his appointment, Ramsoomar expressed his excitement about the opportunities ahead. "I am delighted at the opportunity to head up this exciting new project with Salvador Caetano Group and GAC Motors.”
Recognising the South African landscape's demand for investment and growth, both SCG & GAC are confident about our potential for success. This project gives us an opportunity to bring high quality products that meet the evolving needs of our customers while contributing significantly to the South African economy and job market," Leslie says.
Sergio Ribeiro, Executive Board Member of Salvador Caetano Auto and CEO of Global Automotive
Distribution emphasised the strategic significance of Leslie Ramsoomar's appointment, saying: "Leslie Ramsoomar's extensive automotive experience and strategic vision make him the ideal leader for our South African operations. We have full confidence in his ability to drive innovation, operational excellence and sustainable growth for Salvador Caetano South Africa and GAC Motors."
With a strategic focus on delivering top-tier products, Salvador Caetano and GAC Motors are prepared to make a positive impact on South Africa's local economy and job market as part of this exciting journey.
The collaboration between Salvador Caetano Group and GAC Motors under Leslie Ramsoomar's leadership marks a promising chapter for the company's expansion and commitment to excellence in the South African market, the company says in a statement.
The confidence of chief executives of automotive companies about the outlook for the new-vehicle market over the next six months has improved significantly.
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