30 Apr 2013

Automotive

Weekly top stories

PetroSA to review spending audits
The PetroSA board has commissioned a review of audits into spending‚ the parastatal said last week. Read more >>


Editorial news

Petrochemical
Total invests R140 million in SA upgrades
JOHANNESBURG: In a significant demonstration of its long-term confidence in and commitment to South Africa, fuel and lubricants specialist Total South Africa has announced that it will be investing more than R140 million over the next two years in upgrading its blending plant and expanding the storage capacity of its fuel depot, both located at Durban's Island View Terminal facility. Read more >>

Pick n Pay stores at BP garages
[Sikonathi Mantshantsha] Petrol supplier, BP is to embark on a huge expansion of its forecourt retail offering in South Africa‚ as it partners with Pick 'n Pay to build 120 convenience stores at fuel stations over the next five years. Read more >>

PetroSA to review spending audits
The PetroSA board has commissioned a review of audits into spending‚ the parastatal said last week. Read more >>


Automotive
Reputation matters, top 20 SA companies
The 2013 RepTrak Pulse survey has released the names of the top 20 JSE companies in South Africa in reputation. Read more >>

PetroSA's chairman quits suddenly
PetroSA's chairman Benny Mokaba has quit with immediate effect. Read more >>


Manufacturing
Steel production falls 12.5%
[Helmo Preuss] South African steel production fell by 12.5% year-on-year (y/y) in March to an estimated 570‚000 tons after dropping by 16.6% y/y in February to 515‚000 tons‚ according to data from the World Steel Association. Read more >>


Motorsport
Giniel de Villiers' new rally car unveiled
Imperial Toyota unveiled its brand new South African Rally Championship challenger at a function in Nelspruit recently. The Imperial Toyota Yaris was built and prepared by Toyota Motorsport. Read more >>


International
Chrysler's profts fall 65%
NEW YORK, USA: Chrysler reported on Monday (29 April) that its profits had fallen by 65% in the first quarter. It blames the weak performance on poor sales in Europe and a number of new product launches. Read more >>

Volvo sales fall, loss reported
STOCKHOLM, SWEDEN: Swedish heavy truck and construction equipment manufacturer Volvo last week reported a quarterly loss as sales plummeted to their lowest since the start of Europe's financial crisis. Read more >>

Honda profits up 73.6% to US$3.7bn
TOKYO, JAPAN: Japanese car manufacturer Honda said last week its net profit for the year to March rose by 73.6% to US$3.7bn, thanks to robust overseas sales, a weaker yen and various cost-cutting measures. Read more >>

More International...


Lifestyle
Show-stopping Veloster finally arrives
[Henrie Geyser: motoring editor] In the same way that lithe-limbed Brazilian model Karen Nurenberg has recently been turning heads and setting runways ablaze in Europe with her lacy black underwear, Hyundai is causing quite a stir with its hot and sexy new Veloster hatchback. Read more >>


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