GM To Assemble Chevrolet Spark In South Africa
30 Setembro 2010 - 1:19PM
Dow Jones News
The South African arm of General Motors Co. said Thursday it
will build its new Chevrolet Spark model at its Struandale Plant in
Port Elizabeth, on the country's southern coast.
The automaker has also reached an agreement with Isuzu Motors
Ltd. (7202.TO) of Japan to expand exports of light commercial
vehicles into sub-Saharan Africa, it said.
It valued exports contracts for the Spark and Isuzu vehicles
together at more than 1.5 billion rand ($214.9 million) a year, but
said opportunities to reach new markets were dependent on
improvements in the competitiveness of South Africa's motor
industry.
The Spark, described as an entry-level car that was launched in
South Africa in August, is currently imported from Korea. GM South
Africa said local production should begin in the first quarter of
2012 and it will assemble about 15,000 Sparks a year, with half of
these destined for export markets.
Edgar Lourencon, president and managing director of GM Africa,
said customers have placed more than 1,800 orders for Sparks in the
first month of sales. "We therefore have no doubt that the new
Spark is going to be a volume player here," he said.
The export contract with Isuzu, meanwhile, will provide
opportunities beyond the current export markets of Mozambique,
Zimbabwe, Zambia, Malawi and Mauritius, Lourencon said.
-By Robb M. Stewart, Dow Jones Newswires; +27 11 783 7848;
robb.stewart@dowjones.com
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