Mpact readies for prolonged services collapse

The collapse of key infrastructure escalated in 2023, prompting a mitigation plan

Hyundai hurt by weak sales in South Korea

South Korean car maker doubles down on hybrids and Indian market

Mercedes-Benz commits to more partnerships in China

Carmaker says it will continue to invest in China tie-ups

Terra Nova Tech joint venture signs $200m deal in South America

TNT was acquired by M&R’s Cementation Americas in 2019 and was a strong contributor to the group’s earnings before Covid-19

Mondi averts bidding war for DS Smith

Market applauds decision to step back in the face of a rival bid by International Paper

WATCH: VW Group to build new SUV in Eastern Cape

Business Day TV spoke to VWGA’s MD Martina Biene

Motus CEO Osman Arbee to retire

Janse van Rensburg will take up the CEO position on November 1

Insimbi’s full-year earnings to fall as much as 60%

A tough operational environment, lower commodity prices, high interest rates and load-shedding affected earnings

Senior resignations and layoffs signal tough times for Tesla

The carmaker, which plans to retrench 10% of its global workforce, has also lost the senior vice-president in charge of battery development

Nissan plans to make EV solid-state batteries by 2029

The carmaker is betting on technological advancements to stave off heavy competition

Afrimat expects earnings to rise as much as a quarter

CEO Andries van Heerden says it is the perfect time for the mining and materials company to return to its roots

Corobrik digs in on push against coal removal from quarries

While Greenpeace says the activity affects air and water quality, the brickmaker counters that it needs to access carbonaceous shale to lower its gas usage

Tesla to fire more than 10% of staff as sales fall

Earlier in April, Tesla reported that its global vehicle deliveries in the first quarter fell for the first time in nearly four years

Barloworld’s share price soars after it issues a cautionary

The industrial group has advised shareholders to exercise caution in the share dealings

Czech defence business CSG closes in on US ammunitions maker Kinetic Group

Michal Strnad — owner and chair of the Czechoslovak Group, a large supplier to Ukraine — first needs to fend off a rival offer