Mercedes-Benz SA had a positive 2016 despite a big fall in sales in the country
Meanwhile, MBSA is also currently involved in a global recall by parent company Daimler of more than 1-million vehicles
Mercedes-Benz SA (MBSA) used its annual financial results briefing to make some significant announcements after 2016 proved to be another good year for the company. It announced an increase in revenue of 10.8% to R73.4bn and that profit before interest and tax was up 27.3% to R5.6bn. These increases are in spite of a large decline in local vehicle sales, but MBSA was able to increase the volume of production at its East London plant thanks to its export programme. In 2016 MBSA also began production of its first plug-in hybrid vehicle, the C350e C-Class at the plant. MBSA is currently also involved in a global recall by parent company Daimler of more than 1-million vehicles. Worldwide, 51 vehicles have caught fire so far after a problem with the ignition, but a corporate spokesperson for MBSA, Jeanette Clark, confirmed that just 5,100 models were affected in SA. The recall involves A-Class, B-Class, C-Class and E-Class models, as well as the CLA, GLA and GLC. Clark said repairs to th...
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