News Formal

Vehicle exports crash in May as industry still feels effects of KZN floods

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nigeria News News

Toyota was the biggest loser as Naamsa also blames lower rising interest rates, supply chain disruptions and resurgent waves of Covid for lower shipments

SA new-vehicle exports fell almost 30% in May, thanks largely to the continued suspension of production at Toyota’s vehicle assembly plant in Durban after severe floods in April.

In March, before April’s KwaZulu-Natal floods submerged parts of the plant, the company exported 6,837 cars and commercial vehicles...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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

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.

WATCH: How the ETF market fared in MayBusiness Day TV speaks to CoreShare MD Gareth Stobie
Source: BDliveSA - 🏆 12. / 63 Read more »