BMW SA CEO has a way to slash car prices
The plan could cut production costs, slash retail prices and slow the flood of low-priced new vehicles entering SA
10 February 2025 - 05:00
SA carmakers will approach the government to allow local motor companies to convert billions of rand in unused import-duty credits into the cash equivalent to reduce production costs and slash retail prices, says BMW SA CEO Peter van Binsbergen.
This will also counter the flood of low-priced new vehicles entering SA...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.