Africa's top vehicle manufacturer, South Africa, could see as much as 60 billion rand invested in its vehicle and component sector over the next five years, industry body NAAMSA said in a statement on Friday.
Italy's fashion industry expects its revenues to stall this year, with growth of just 0.1%, a far cry from the average 3% annual growth rate it has achieved over the last decade and which it hopes to recoup in 2020. The business is the main exporting sector in Italy, which is home to firms including Prada and Salvatore Ferragamo, with around 75% of its turnover generated abroad.
Major automakers said on Wednesday they have agreed to equip nearly all U.S. vehicles with systems to remind motorists of passengers in the back seat, by model year 2025, in an effort to avoid deaths of young children left behind in hot cars. The announcement on so-called rear seat reminder systems comes as the U.S. Congress has been debating making it a requirement for new cars.
Major automakers said on Wednesday they have agreed to equip nearly all U.S. vehicles with systems to remind motorists of passengers in the back seat, by model year 2025, in an effort to avoid deaths of young children left behind in hot cars. The announcement on so-called rear seat reminder systems comes as the U.S. Congress has been debating the issue.
* India's auto industry sheds 350,000 jobs since start of year. * Sector employs more than 35 million people. * Job losses have hit rural wages, leading to lower spending. * Economic growth sinks to 6-year low of 5% in June quarter. By Sudarshan Varadhan, Aditi Shah and Aftab Ahmed.
Japanese automakers posted sharper sales falls in South Korea in August, industry data showed on Wednesday, hit by a consumer boycott of Japanese vehicles amid a worsening diplomatic row between the countries. Toyota Motor Corp (TM) and other Japanese carmakers saw South Korean sales tumble 57% to 1,398 vehicles in August from a year earlier, steeper than the 17% fall in July.
Japanese automakers posted sharper sales falls in South Korea in August, industry data showed on Wednesday, hit by a consumer boycott of Japanese vehicles amid a worsening diplomatic row between the countries. Toyota Motor Corp (TM) and other Japanese carmakers saw South Korean sales tumble 57% to 1,398 vehicles in August from a year earlier, steeper than the 17% fall in July.
* U.S. factory sector contracts for first time since 2016. * China, U.S. kick off new round of tariffs. * Tech stocks weigh most on S&P 500. * Casino stocks under pressure from weak Macau data. * Indexes fall: Dow 1.48%, S&P 500 1.06%, Nasdaq 1.11% By Uday Sampath Kumar.
Nuance Communications, Inc. (NUAN), a leading provider of conversational AI, today announced that it will host its 2019 China Auto Forum on September 4, 2019, in Shanghai.
Truck makers are logging sharply lower orders, adding another stress point for a decelerating U.S. manufacturing sector. The U.S. trucking industry had one of its strongest years ever in 2018, as high demand for freight encouraged transportation companies to expand their fleets. Now, trade tensions and slower global growth are depressing freight volumes.
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