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RECYCLING: EC clears India scrappage JV

  • Date: 09-09-19
  • Category: RECYCLING
  • Source: Just Auto

European Commission (EC) authorities have approved, through the EU Merger Regulation, the acquisition of joint control of a newly created joint venture in India by Toyota Tsusho India, its parent Toyota Tsusho of Japan (TTC) and Maruti Suzuki India of India.

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AUTO SALES: Japanese market up again in August

  • Date: 09-09-19
  • Category: AUTO SALES
  • Source: Just Auto

The Japanese new vehicle market continued to grow strongly in August, by 6.7% to 388,600 units from 364,218 units a year earlier, according to registration data released by the Japan Automobile Manufacturers Association.

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PGM PRODUCERS: Northam completes private placement

JSE-listed Northam Platinum has completed a private placement of domestic medium-term notes to the value of R500-million under its R5-billion domestic medium-term note programme.

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ESKOM: Moody’s Says Fixing S. Africa’s Eskom Is Complex, Will Take Time

  • Date: 09-09-19
  • Category: ESKOM
  • Source: Bloomberg

Fixing loss-making power utility Eskom Holdings SOC Ltd. is complex and it will take time for the government and the company to agree to a plan, according to Moody’s Investors Service.

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WAGE NEGOTIATIONS: Platinum Giants Say Union Declares Dispute in Wage Talks

Anglo American Platinum Ltd. and Sibanye Gold Ltd. may need mediators to help South African wage talks move forward after negotiations with the platinum industry’s largest labor union reached a deadlock.

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AUTO NEWS: Ford cut to junk by Moody's on doubts over plan to boost profit

  • Date: 09-09-19
  • Category: AUTO NEWS
  • Source: Automotive News

Ford Motor Co.’s CEO Jim Hackett has been dealt a major blow by Moody’s Investors Service, which cut the automaker’s credit rating to junk over doubt his plans to fix the company will soon generate earnings and cash.

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AUTO SALES: BYD sales slip again after Beijing slashes EV subsidies

  • Date: 09-09-19
  • Category: AUTO SALES
  • Source: Auto News

Sales at BYD Co., China’s largest electrified vehicle manufacturer, fell for the second straight month in August after Beijing ended a new round of subsidy cuts for EVs and plug-in hybrids.

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WAGE NEGOTIATIONS: Platinum Giants Seek Mediation After Union Declares Dispute

(Bloomberg) -- Anglo American Platinum Ltd. and Sibanye Gold Ltd. will seek mediation to break the deadlock in wage negotiations with South Africa’s largest platinum-mining labor union. 

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