General Motors leaves after 90 years in SA

General Motors has confirmed it's plans to pull out of the South African market, ending production of the locally manufactured Chevrolet by end 2017.

The company is negotiating the sale of its local manufacturing facility to Isuzu Motors.

CapeTalk's Africa Melane, standing in for John Maytham, spoke to Mark Smyth, the editor of Motor News.

They have been here since I think 1926, so very much a fabric of South Africa.

Mark Smyth, editor of Motor News.

Smyth says while there is speculation that the decision is related to South Africa's downgrade to junk status, the company is adamant that they are chasing higher margins and profits.

Just incidentally, an announcement will be made on the 8th of June at a press conference in South Africa on the future of Opel in the country with possibly an independent distributor taking over. They are chasing more money and also at the same time almost sort of restructuring, possibly under the Trump administration being seen as a more American company...

Mark Smyth, editor of Motor News.

There has been a decline in the sales volumes of General Motors.

Once upon a time, it was one of the top selling motor brands in the country and these days we have seen Opel sales decline, Chevrolet sales decline.

Mark Smyth, editor of Motor News.

Over 1 500 people employed by the company could be affected by the exit.

Click on the link below to listen to the full interview...


This article first appeared on 702 : General Motors leaves after 90 years in SA


Read More
The pros and cons of net neutrality explained

The pros and cons of net neutrality explained

There are concerns about scrapping network neutrality in the United States. MyBroadband's Jan Vermeulen explains what that means.

UCT chemical engineer grad on how he overcame depression and nabbed his degree

UCT chemical engineer grad on how he overcame depression and nabbed his degree

UCT chemical engineer graduate Matimba Mabonda says students who are feeling overwhelmed by university life should seek support.

Star Wars' disciple on why you should watch 'The Last Jedi'

Star Wars' disciple on why you should watch 'The Last Jedi'

Film reviewer and Star Wars fanatic JP Sebastian says the Walt Disney Co movie is a cinematic experience unlike no other.

How to make money by investing in classic cars

How to make money by investing in classic cars

Do classic cars make your heart beat faster? Here’ how they can make your wallet thicker…

What your station wagon says about you

What your station wagon says about you

Phakamile Mzimela asks if station wagons qualify as family cars or if they are simply funeral cars?

Sell your car in 30 minutes with CarZar #CapeTalkintheBoardroom

Sell your car in 30 minutes with CarZar #CapeTalkintheBoardroom

CapeTalk is broadcasting live from the offices of CarZar in Bree Street.

Popular articles
'Banned ANC delegates have shot themselves in the foot, got what they deserved'

'Banned ANC delegates have shot themselves in the foot, got what they deserved'

Deputy Editor of Financial Mail, Sikonathi Mantshantsha says branches were warned but did not listen, and he has no sympathy.

Adam Habib: Where would the money to fund free education come from?

Adam Habib: Where would the money to fund free education come from?

Vice-Chancellor of Wits University Adam Habib says Zuma's promise requires about R40 billion in order to be fulfilled.

[LISTEN] 'I never wanted to be President, I was not ambitious'

[LISTEN] 'I never wanted to be President, I was not ambitious'

Listen to what President Zuma had to say on Friday at the #ANC54 Gala Dinner ahead of the elective conference.

JUST IN: Some delegates barred from voting #ANC54

JUST IN: Some delegates barred from voting #ANC54

ANC secretary-general Gwede Mantashe announced that some delegates will not be able to vote in this weekend's elective conference.

Van Damme: De Lille has until Monday to respond to maladministration claims

Van Damme: De Lille has until Monday to respond to maladministration claims

The DA has suspended Patricia de Lille from party activities but Eusebius McKaiser says its statement 'is clear as mud'.

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

Connor Weber, fell unnoticed into a bin of water and drowned.

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.