Motor industry braces for slowdown after BMW SA suspends production

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Decision could create a precedent for other companies, Naamsa CEO says

The motor industry is bracing itself for more vehicle-production slowdowns after the news that BMW SA will suspend manufacturing for a month at its plant in Rosslyn, Tshwane, because of the Covid-19 pandemic.

After a meeting of manufacturers, components suppliers and vehicle importers, Naamsa said there were “no planned disruptions to any of our manufacturing lines across the country”. The coronavirus is having an enormous effect on the global economy with car sales plunging. European sales, at their lowest level since 2013 so far this year, fell 7% in February.More than 95% of BMW SA’s X3 production is for export, much of it to Europe, including the UK. Rosslyn has capacity to build about 80,000 vehicles a year.

Naamsa CEO Mike Mabasa says the BMW SA decision could create a precedent for more companies to halt or slow SA production.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Sad for the workers, but has to be done and not that uncommon if you look at other countries where businesses have shut for this period. Well done BMWSouthAfrica for this decisive step.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA equipped to deal with Covid-19 high-risk medical waste - industry expertThashnee Budram from Averda, integrated waste management provider to government and industry, says quarantining is an important public health tool being used by governments around the world, including here in South Africa, to reduce and slow transmission of this disease.
Source: IOL - 🏆 46. / 51 Read more »