Mitsubishi aims to increase European sales with new Renault models
The aim is to sell 75,000 to 80,000 vehicles annually in Europe, a gain of 20 to 30% compared to 2024, Krol said in an interview published on Monday, without giving a timeframe.
To save money and time on development, Mitsubishi based its latest Colt and ASX cars on the Renault Clio and Captur models.
The company will add two new models derived from its French partner's line-up this year.
On Tuesday it will unveil the Grandis, based on the Renault Symbioz SUV made in Spain.
In September it hopes to unveil the new Eclipse Cross car, based on the Renault Scenic built in France and turned into a pure electric vehicle.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
eNCA
2 hours ago
- eNCA
African Development Bank gives $139 mln loan to Johannesburg
JOHANNESBURG - The African Development Bank on Tuesday approved a $139 million loan to South Africa's financial capital to upgrade its utilities, marking its first direct lending to a sub-sovereign entity. Johannesburg is home to Africa's richest square mile but certain areas have fallen into disrepair, with the city coming under fire from President Cyril Ramaphosa as it readies to host the G20 summit in November. The loan will be used on "100 carefully selected projects" seeking to modernise electricity, water and waste infrastructure, the Ivory Coast-based bank said in a statement. It is the first time the bank, which draws most of its resources from subscriptions by member countries, was loaning a subnational entity like cities and regional authorities. "This historic transaction demonstrates the African Development Bank's commitment to supporting creditworthy cities as engines of economic growth," said AfDB's director general for Southern Africa Kennedy Mbekeani. Known as the city of gold or Jozi, Johannesburg has struggled with problems almost everywhere from burst water pipes to garbage piling up on street corners and cracked roads, a legacy of mismanagement. Annual electricity losses stood at 30 percent for the past three years while water was at more than 46 percent, the AfDB said. "Johannesburg is not just South Africa's largest city –- it contributes 16 percent to the country's GDP and serves as a gateway for investment across the continent. By strengthening its infrastructure backbone, we're investing in Africa's urban future," said Mbekeani. In March, Ramaphosa lashed out at the state of the city of six million people, describing it as "not very pleasing" and urged authorities to spruce it up ahead of the November meeting. "As South Africans we are proud people and let us get that pride to lift us up so that we do present a G20 that will wow people," he said. The new Johannesburg loan adds to another AfDB gave South Africa on Tuesday to promote energy efficiency and rail reforms worth more $474.6 million.
The Citizen
7 hours ago
- The Citizen
Hundreds to lose jobs in KZN as Motsepe-linked Assmang shuts down plant
'Following the closing of this transaction, Assmang is expected to distribute R900 million in cash to ARM, owned by Patrice Motsepe.' Hundreds of people are set to be retrenched as the Cato Ridge Works (CRW) plant, operated by Assmang, shuts down. Assmang is 50% owned by African Rainbow Minerals (ARM), founded by businessman Patrice Motsepe, and the remaining shares are owned by Assore, a South African-based mining company. ARM announced on Monday that, after several talks, Assmang has resolved to permanently close the business and operations of CRW. 'Assmang is among the top ten producers of ferromanganese globally.' Affected employees of Assmang The Sens announcement by ARM stated that affected employees will be retrenched effective 31 August 2025. 'This decision has been reached after a comprehensive review of CRW's operational and financial position. Despite sustained efforts to explore alternatives to closure, the operation has continued to experience significant and unsustainable financial losses.' According to Assmang's website, the company employs 358 permanent staff members and 193 contractors. It is not indicated how many employees will be affected by the closure of the CRW plant. ALSO READ: Concerns over Mantashe's changes to draft mineral resources bill Assmang's land to go on sale The announcement also addressed how the assets of Assmang will be disposed of, which includes land, properties and houses in the Cato Ridge development company. ARM stated that the board has approved the sale of certain land parcels, properties and houses to Assore SA PropCo, a wholly-owned subsidiary of Assore. 'The CRW complex will be remediated and, together with the vacant land, redeveloped into a commercial and logistics hub that, in the future, is expected to generate significant economic activity and employment in the area.' The Cato Ridge transaction According to the announcement, the Cato Ridge transaction will be completed in two phases. 'Phase 1: comprising of the purchase by Assore SA PropCo from Assmang of certain land and houses situated on or close to CRW, which will be developed by Assore SA PropCo, together with a sale by Assore SA PropCo of a portion of those properties to and for the benefit of certain host communities for no consideration. 'Phase 2: comprising of the sale and purchase by Assore SA PropCo from Assmang of the remaining land on which CRW is located.' ALSO READ: Harmony mine worker dies: Possible 10th on-duty fatality this year? How much will Assore pay ARM added that Assore SA PropCo is set to pay R453 226 500 to Assmang for the purchase. Assmang also held certain interests in Sakura Ferroalloys, a low-cost producer of manganese alloys. 'In addition to the transaction referred to above, Assmang, Assore SA, Sakura and ARM have entered into a sale agreement which provides (amongst other things) for the sale by Assmang to Assore of all of the shares in Sakura that are held by Assmang (being 54.36% of the issued shares of Sakura).' How much is Motsepe set to benefit According to ARM's announcement, the mine is set to receive R900 million after the transaction from Assmang. 'Following the closing of this transaction, Assmang is expected to distribute R900 million in cash to ARM. 'The risk and benefit of the Sakura Disposal shall pass to Assore SA with effect from the Effective Date of 1 July 2024, even though legal ownership will pass on the closing date. Assore will also procure the release of Assmang from any obligations arising out of any suretyship, guarantee, indemnity, security or similar agreement that Assmang has entered into for the benefit of Sakura.' NOW READ: SA's shrinking mining sector and the policies that brought us here
The South African
9 hours ago
- The South African
How SA growers are making grapefruit cool again, starting in Europe
South African citrus growers have launched a joint campaign to shake up the grapefruit market in Europe, spotlighting the Star Ruby variety under a new brand: SummerStar Ruby Grapefruit. Led by members of the Citrus Growers' Association (CGA) of Southern Africa, the initiative aims to rebrand grapefruit as a sweet, refreshing summer fruit – not just a winter Vitamin-C boost. According to ITC Trade Map, grapefruit exports to the European Union (EU) only grew by 10% over the past decade. 'We recognised the urgent need to change how grapefruit is viewed,' Barry Landman, chairman of the CGA's Grapefruit Variety Focus Group (GVFG), told Fruitnet . 'They've historically been seen as bitter and old fashioned. But SummerStar Rubies are sweet, tangy and versatile and will help elevate food and cocktail menus if given the opportunity.' To uplift the entire grapefruit category, local citrus growers have pooled their resources. The CGA wants a collaborative marketing push rather than promoting individual brands. 'South Africa is one of the major suppliers of Star Ruby Grapefruits globally, which presents huge growth potential,' Landman noted. 'It made good business sense to rebrand and position it as a healthy and affordable summer fruit, capitalising on the warm European months when consumers are looking for fresh and easy foods.' By working together, the CGA believes it can grow exports, create jobs, and unlock long-term industry potential. Europe was chosen for the launch due to strong and established trade ties and its consistent demand for citrus. The campaign will highlight ruby grapefruit's summer appeal. In particular, how the fruit is a versatile addition to cocktails, salads and beach picnics. 'Many European consumers already know and appreciate SummerStar Ruby Grapefruits for their vibrant colour, sweetness, quality, and health benefits,' said Nicci Stewart, SummerStar Ruby's campaign manager. 'Our focus is on winning over consumers who only associate grapefruit with bitterness – or with something eaten when they're feeling sick or visiting their grandparents.' The GVFG has also highlighted SummerStar Rubies' seasonal advantage, since they are grown and exported during the South African winter. Germany will launch the campaign, thanks to the country's appetite for healthy, sustainable, and affordable fresh produce. 'SummerStar Rubies tick all of these boxes,' added Landman. 'They are produced in world-class growing conditions in South Africa, meet strict EU import standards, and thanks to advanced cold-chain technology, they arrive fresh and flavourful.' The campaign will expand to other European markets in 2026. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
