VW Group on a cost-cutting drive
The Volkswagen Group (VW) plans to cut costs by 20 percent across all its brands by the end of 2028, a German business paper reported.
- Industry News
- 17 February 2026
Toyota will scrap and crush around 4 000 vehicles that were damaged at the manufacturer’s Prospecton plant in Durban during the recent floods in KwaZulu-Natal.
So said Toyota South Africa’s President and CEO, Andrew Kirby, during an interview with eNCA.
Only about 12% of the 4 500 vehicles at the plant were not affected at all. None of the damaged cars or parts will make it onto the market.
Some of the most popular vehicles in South Africa are manufactured at the plant and also exported around the world. This includes the Toyota Hilux, Fortuner and Corolla.
The long-term effect is more serious with about 45 000 vehicles that will be lost until production returns to normal. Andrew could not give a specific date for the plant to re-start, but work with the assistance of Toyota Japan is underway to get back to normality.
Although none of the workforce at the plant were injured in the floods, some did experience serious damage to their homes, he told eNCA during the interview, and Toyota is not only assisting them, but also the broader community.
For the full interview on eNCA with the Toyota President and CEO, lock onto the link:
https://www.enca.com/business/exclusive-toyota-ceo-speaks-flooded-vehicle-plant
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You can't buy happiness but you can buy cars and that's kind of the same thing.
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The Volkswagen Group (VW) plans to cut costs by 20 percent across all its brands by the end of 2028, a German business paper reported.
A fundamental realignment in the global automotive ecosystem is shifting the aftermarket’s centre of gravity towards the east, as rapid growth in vehicles manufactured in India and China transforms demand for parts across multiple regions.
The TopGear South Africa Magazine Awards, in partnership with WesBank, was recently held in Muldersdrift.