ArcelorMittal prepares for final decision on long-steel operations

Domestic overcapacity and persisting cost and price pressures have squeezed margins

Growth slows for China’s BYD on lower demand

Company hands back world’s top EV seller title to Tesla in the first quarter after winning it last year

Tesla enters driver assistance deal with China’s Baidu

CEO Elon Musk reaches agreement to use the  tech giant’s mapping licence for data collection on China’s public roads

Cashbuild appoints Hanre Bester as CFO

Bester is a chartered accountant and holds a master’s degree in taxation

Raubex expects big earnings slump

The Centurion-based group has operations in SA, Africa and Australia

Astral expects first-half headline earnings to rise as much as 445%

The company expects HEPS of between 874c and 891c compared with 163c a year ago

Elon Musk visits Beijing for software and data transfer talks

The US EV maker yet has to make the program available in China, its second-largest market globally, despite customers urging it to do so

Mpact readies for prolonged services collapse

The collapse of key infrastructure escalated in 2023, prompting a mitigation plan

Hyundai hurt by weak sales in South Korea

South Korean car maker doubles down on hybrids and Indian market

Mercedes-Benz commits to more partnerships in China

Carmaker says it will continue to invest in China tie-ups

Terra Nova Tech joint venture signs $200m deal in South America

TNT was acquired by M&R’s Cementation Americas in 2019 and was a strong contributor to the group’s earnings before Covid-19

Mondi averts bidding war for DS Smith

Market applauds decision to step back in the face of a rival bid by International Paper

WATCH: VW Group to build new SUV in Eastern Cape

Business Day TV spoke to VWGA’s MD Martina Biene

Motus CEO Osman Arbee to retire

Janse van Rensburg will take up the CEO position on November 1

Insimbi’s full-year earnings to fall as much as 60%

A tough operational environment, lower commodity prices, high interest rates and load-shedding affected earnings