{"id":33967,"date":"2021-10-25T00:00:00","date_gmt":"2021-10-25T00:00:00","guid":{"rendered":"http:\/\/southafricajournal.com\/?guid=ec05cf9715338dca25397ad80ce9f599"},"modified":"2021-10-25T00:00:00","modified_gmt":"2021-10-25T00:00:00","slug":"big-moves-for-toyota-sa","status":"publish","type":"post","link":"https:\/\/southafricajournal.com\/big-moves-for-toyota-sa\/","title":{"rendered":"Big moves for Toyota SA"},"content":{"rendered":"
President Cyril Ramaphosa will on Tuesday visit the Toyota South Africa production plant in Durban, KwaZulu-Natal, to officiate the launch of the Toyota Cross Hybrid vehicle.<\/P>
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He will be accompanied by Trade, Industry and Competition Minister, Ebrahim Patel, KwaZulu-Natal Premier Sihle Zikalala and the Mayor of eThekwini Municipality, Mxolisi Kaunda.<\/P>
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The launch of the Cross Hybrid vehicle flows from Toyota\u2019s investment commitment made at the 2019 South Africa Investment Conference.<\/P>
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In a statement on Monday, the Presidency said this commitment now sees Toyota producing its first generation of hybrid electric vehicles on a South African assembly line.<\/P>
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The vehicles will also be manufactured for export to 40 countries on the African continent. <\/P>
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\u201cGovernment\u2019s South Africa Automotive Masterplan (SAAM) and Automotive Production and Development Programme have catalysed and enabled continued investment in local vehicle and components production.<\/P>
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\u201cGuided by its Vision 2035, the South African Automotive Masterplan encompasses a globally competitive and transformed industry that actively contributes to the sustainable development of South Africa\u2019s productive economy and creates prosperity for industry stakeholders and the broader society,\u201d the statement read.<\/P>
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The SAAM 2035 objectives include: production of 1% of global production projected to be 1.4 million units in 2035; expanding local content in vehicles assembled in South Africa to 60% from 40%; increasing employment; improving manufacturing competitiveness levels to that of leading competitor levels, and transforming the industry across the value chain in areas of identified opportunity and deepening value addition.<\/P>
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The automotive sector has remained one of South Africa\u2019s most investment-intensive industrial sectors with seven light-vehicle producers investing a record R9.2 billion in 2020, awhile the component sector attracted R2.4 billion during the same period.<\/P>
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Source: South African Government News Agency<\/P>
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President Cyril Ramaphosa will on Tuesday visit the Toyota South Africa production plant in Durban, KwaZulu-Natal, to officiate the launch of the Toyota Cross Hybrid vehicle.He will be accompanied by Trade, Industry and Competition Minister, Ebrahim Pa…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"\n