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GM’s withdrawal from SA to be negative for component suppliers

Component Contagion?

By:  
Creamer Media Senior Deputy Editor
 
AUTO INDUSTRY – 2
The decision by General Motors (GM) to pull out of South Africa will “have negative consequences on component suppliers to the company’s existing Chevrolet assembly lines”, says National Association of Automotive Component and Allied Manufacturers (Naacam) executive director Renai Moothilal. “We are obviously concerned at the announcement that General Motors will be stopping the production and sale of its vehicles in South Africa.”
 
 
 
 
 

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