Vw Boss Warns Automotive Industry Is At Breaking Point

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vw boss warns automotive industry is at breaking point

In a desperate attempt to help reach out to the government, Volkswagen Group Africa VWGA boss Martina Biene has written a letter to President Cyril Ramaphosa pleading for concise decision-making on policies to help safeguard the embattled local automotive manufacturing industry from imploding.

Local vehicle manufacturing, which provides tens of thousands of direct jobs across seven major assembly plants and hundreds of thousands more down the supply chain, is on a downward spiral that economic analysts fear could eventually result in complete deindustrialisation.

This will be a hammer blow to the economy as the industry made up 5.2 of South Africas gross domestic product last year.

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