VW urges government: fix it or lose it
Logistics and energy crises in SA pose a threat to production facilities, says Volkswagen AG board member Thomas Schaefer
27 November 2023 - 05:00
Volkswagen AG board member and Volkswagen Passenger Cars CEO Thomas Schaefer has told the SA government to “focus” on fixing the country’s regulatory, energy and logistics problems. He said that while production at the brand’s Eastern Cape plant is safe “for now”, he issued blunt warnings about the future.
“Eventually you have to say, ‘why are we building cars in a less competitive factory somewhere far away from the real market where the consumption is?’ I’m very worried about it ... We’re not in the business of charity,” Schaefer said. ..
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.