Motor industry at wits’ end with state’s lack of voomah on EVs

Load-shedding and SA ports and railways chaos are talking points in boardrooms of multinational parent companies

Mercedes amps up renewable energy switch with Iberdrola wind deal

Carmaker aiming for 70% of energy demand from vehicle production to be covered by renewable sources by 2030

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Adani suspends work on petrochemical project amid investor scrutiny

Vendors and suppliers ask to delay all activities for Mundra green site

Adani Enterprises abandons $2.5bn share sale

Dramatic reversal by Indian group is due to ‘unprecedented situation’ and market volatility after short-seller’s criticisms wiped billions off its  value

India’s Adani says $2.5bn share sale on track even as bankers mull changes

Group says its stakeholders including bankers and investors have full faith in the follow-on public offer and it is confident the issue will succeed

Yellen lauds Ford’s 100-year history in SA, flags more investments

US treasury secretary is on the third leg of her trip across Africa aimed at expanding US economic ties and countering China’s influence

Maputo port picks up the slack for Grindrod

Logistics group reports record volumes through Mozambique, while Transnet falls behind

Toyota plans to build 10.6-million vehicles in 2023

The car giant said that it saw a downside risk of about 10% on that baseline production volume on risks such as shortages in chips supply or the spread of ...

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Supply chain problems force Toyota to close Russia factory

Production stalls due to shortages of high-tech equipment because of Western sanctions

VW and partners to invest €20bn in battery cell business

Chancellor Olaf Scholz hails investment as a good day for German automotive industry

Tesla deliveries plunge on China’s shutdown

Car maker delivered 254,695 vehicles in second quarter, compared with 310,048 in preceding one

GM overtakes Toyota in US sales amid supply shortages

General Motors sells 582,401 vehicles in second quarter as auto industry struggles to keep up with pent-up consumer demand

ArcelorMittal share price falls 6% in pay strike

Workers picket at Vereeniging plant after breakdown of wage negotiations last week

Grindrod Freight sees earnings spike on mining exports

The cargo and freight business benefited from a record global demand for commodities and a rapid ramp-up at its Maputo Port operations