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A R20 million funding transaction approved by the Automotive Industry Transformation Fund (AITF) will enable Fumani Holdings to establish an OEM approved dealership under Isuzu Motors South Africa, marking a significant step in its progression into formal automotive retail.
In today’s automotive retail environment, where new vehicle prices keep climbing beyond the reach of many consumers, used vehicles have become the backbone of dealership profitability.
CFAO‘s McDuling Motors under the leadership Allan Stiles as Dealer Principal scooped the top award as Dealer of the Year at VW’s recently held Grand Prix Awards.
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Stellantis is preparing to channel the bulk of its future investment into four key brands, namely Jeep, Ram, Peugeot and Fiat, as the global automotive giant seeks to stabilise its business and regain market share under chief executive Antonio Filosa, according to an exclusive Reuters report.
Tata Motors Passenger Vehicles South Africa is strengthening its leadership team as it targets measured growth in local market share, confirming Lex Kriel as its newly appointed Sales Director.
China’s carmakers are hunting for their own “Yaris moment”, the kind of locally tailored breakthrough that helped Toyota conquer Europe, as they race to turn booming exports into lasting overseas growth.