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Today's AM Drive is about Magna Steyr's involvement in the development of a platform for Scout Motors. Plus, Reuters reports Volkswagen is cutting 20 percent of its administrative staff costs.
VW CEO Thomas Schaefer said last week that the carmaker is “no longer competitive,” so the company is cutting deep.
Minister admits load shedding and logistics challenges undermine the ability to cost-effectively produce vehicles in SA.
South Africa is struggling to attract foreign investment. You can feel the randelas in your pocket shrinking, writes Mandy Wiener.
The target is part of Volkswagen's push to cut costs at the VW brand by 10 billion euros (USD 10.8 billion) by 2026, having previously warned that high costs and low productivity were making its passenger cars uncompetitive.