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Nov 15, 2016

UD TRUCKS * South Africa - Volvo Group news

* Pretoria - UD Trucks resets business in SA following reshuffle at Volvo group

--- South Africa’s new truck market is under pressure, with a 10% drop in sales likely in 2016, says UD Trucks Southern Africa marketing director Rory Schulz. This means the new truck market should end the year around the 25 000-mark... The decline in the market reflects the fortunes of the South African economy, with almost zero economic growth expected in 2016... But a reshuffle in the boardroom at truck-maker Volvo seems to have handed Japanese-based UD Trucks back some of the autonomy lost when it was acquired by the Swedish group. Volvo – which includes Volvo, Renault and UD Trucks pressed on what this means, Volvo Group Trucks Asia and Joint Ventures sales president Jacques Michel says that the Volvo truck group will no longer be a multibrand organisation, but that it would rather focus on its individual brands... UD Trucks is now focused only on UD Trucks, “managing its own future”. South Africa is UD Trucks’ biggest market outside Japan... Schulz says UDTSA will continue truck assembly at its Rosslyn plant, near Pretoria... Overall UD sales in South Africa have dropped from 2 992 units in 2012, to 2 559 units in 2015... As part of its short-term plans, UD Trucks will launch three new additions to its Quester product range... 
Rosslyn, Pretoria, S.A. - CREAMER MEDIA, by IRMA VENTER - 14TH NOVEMBER 2016

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