Daimler Trucks Asia invests 300 million euro
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- Category: Automotive
- Published on Sunday, 01 December 2013 11:28
- Written by Super User
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The two commercial vehicle subsidiaries MFTBC and DICV are bundling their Asian business under the umbrella of Daimler Trucks Asia with a view to generating further sales growth in Asia and Africa. To this end, Daimler Trucks Asia will invest 300 million euro in the international sales and production structures on schedule in the period from 2014 to 2018. By the year 2020, around 290,000 units of the FUSO and BharatBenz brand are to be sold worldwide.
Dr. Albert Kirchmann, Head of Daimler Trucks Asia and MFTBC President & CEO, said on the occasion of the Tokyo Motor Show: “With the investments, we are expanding our existing sales and production network in order to take advantage of future sales potential in Asia and Africa.â€
Growing demand stirs up competition in luxury car market
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- Category: Automotive
- Published on Sunday, 01 December 2013 11:21
- Written by Super User
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In a market dominated by heavy commercial vehicles and pick-ups, competition for a share of the luxury segment of the new car market in Kenya is slowly taking shape. This has been seen in the growing rivalry between luxury models even as new players set up shop. The latest entry is RMA Group. The firm has set up a modern showroom in Nairobi’s Westlands area, which points to growing appetite for top notch models. Super opportunities Like many other firms eyeing a slice of Kenya’s auto market, RMA’s entry is premised on opportunities arising from a growing economy. “There is high demand for luxury cars in Kenya due to growth in the economy.
Read more: Growing demand stirs up competition in luxury car market
Kenya Airways poised for lift-off
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- Category: Automotive
- Published on Thursday, 14 November 2013 16:23
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Kenya Airways expected to post higher profits next year, thanks to the planned delivery of fuel-efficient planes and the expansion of its Nairobi hub, the carrier said yesterday.
The company, which is 26.73 percent owned by Air France-KLM and 29.8 percent by the Kenyan government, is ranked among the largest carriers in sub-Saharan Africa.
RMA taps into Kenya’s growing new car market
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- Category: Automotive
- Published on Sunday, 01 December 2013 11:18
- Written by Super User
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Vehicle sales in Africa have risen significantly in the last few years, following growing demand among the continent’s burgeoning middle class that are trading up public transport and jalopies for new personal cars. Competition is rife in the auto industry as existing global brands and new entrants fight off competition from second-hand cars.
Thailand-headquartered RMA Group expanded to Kenya earlier this year following an opportunity created by the review of the Jaguar Land Rover distributorship contract. Previously, the Jaguar Land Rover franchise deal was held by the CMC Holdings which is set to be acquired by Dubai-based conglomerate Al-Futtaim Group for US$86m.
Ford to launch 17 vehicles in Middle East and Africa by 2015
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- Category: Automotive
- Published on Thursday, 14 November 2013 16:16
- Written by Super User
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Ford, one of the world's largest auto makers, has its operations active in a lot of countries, both developing and developed. The USA-based auto maker has developed its global strategy with a handful of cars that sell in huge numbers. At present, it is performing really well in India as Ford EcoSport has virtually taken the market by storm. Now, according to reports, the Blue Oval has announced launch of 17 new vehicles over the next 24 months. As indicated, this move is an attempt from the company to facilitate growth in regions like Middle East and Africa.
Read more: Ford to launch 17 vehicles in Middle East and Africa by 2015
