@CapitalFMNews

VW to double production in Kenya, explores second model

8 months ago, 13 Jan 10:10

By: Pscu

W South Africa head Thomas Schaefer told President Kenyatta at a meeting in the South African town of East London that the firm was exploring producing a second model in Kenya, possibly a hatchback (small SUV), while doubling production of the VW Polo Vivo to at least 300 vehicles. Growing the automotive industry is one of the key elements of the President’s industrialisation agenda, part of the Big Four plan of delivering affordable housing, universal healthcare for all, food and nutrition, security and increased manufacturing. President Kenyatta welcomed VW’s commitment to growth of its Kenya facility, saying that the country had a ready market for cars produced in Kenya, provided that they were sold at affordable prices. “We will walk this journey with you to produce affordable cars. Our plea is that you price these vehicles reasonably,” the President said. “We are very keen that our youth, a highly educated group, can get to work in a company of great technological sophistication as VW, which is why we welcome your plans to go full throttle to increase production,” President Kenyatta said. Schaefer is also responsible for VW’s operations in Africa. His vision is to see a successful operation in Kenya in the east, Nigeria in the west, and South Africa. Kenya’s interest is to grow a major auto manufacturing plant, with the capacity to meet the supply needs of East and Central Africa. VW set up in Kenya in 2016, and its first car rolled off the ramp less than a year later. Last year, French carmaker Peugeot started manufacturing cars in Kenya, while Japanese vehicle manufacturing giant Toyota started assembling some models in Kenya in 2015. President Kenyatta met Schaefer in the margins of meetings with the South African ruling party ANC. Boosting relations between the two countries, especially manufacturing and agriculture to grow jobs for youth in both countries, is at the heart of talks he is holding.
Read More


Category: business

Suggested

2 hours ago, 11:43
@StandardMedia - By: Maria Nene
The psychology of colour in a building

There is more that goes into the choices than just beauty. ...

Category: business news
1 hours ago, 11:57
@StandardMedia - By: Maria Nene
The psychology of colour in a building

There is more that goes into the choices than just beauty. ...

Category: business news
2 hours ago, 10:58
@StandardMedia - By: Valentine Kondo
Will President Uhuru Kenyatta's warning to Passenger Service Vehicles succeed?

President Uhuru Kenyatta has warned operators who are overcharging passengers to stop else their licences withdrawn ...

Category: business news
2 hours ago, 10:58
@CapitalFMNews - By: Agence France Pres ...
Amazon considering opening 3,000 cashierless stores: Bloomberg

WASHINGTON, United States, Sept 20 - Amazon is considering opening up to 3,000 new cashier-less stores by 2021 to vie for shoppers at convenience stores Kenya breaking news | Kenya news today | ...

Category: business
1 hours ago, 12:09
@BusinessDaily - By: Kazungu Samuel
KPA leases storage facilities to ease congestion at ICD

Five periphery storage facilities leased by Kenya Ports Authority (KPA) to boost Nairobi ICD capacity are expected to start receiving containers. ...

Category: business markets news
2 hours ago, 11:21
@BusinessDaily - By: Mwangi Ndirangu
Kevian inks potato seeds deal with Irish firm

Potato farmers in Kenya have been experiencing low and poor harvests. ...

Category: business opinion news

@CapitalFMNews

VW to double production in Kenya, explores second model

8 months ago, 13 Jan 10:10

By: Pscu
W South Africa head Thomas Schaefer told President Kenyatta at a meeting in the South African town of East London that the firm was exploring producing a second model in Kenya, possibly a hatchback (small SUV), while doubling production of the VW Polo Vivo to at least 300 vehicles. Growing the automotive industry is one of the key elements of the President’s industrialisation agenda, part of the Big Four plan of delivering affordable housing, universal healthcare for all, food and nutrition, security and increased manufacturing. President Kenyatta welcomed VW’s commitment to growth of its Kenya facility, saying that the country had a ready market for cars produced in Kenya, provided that they were sold at affordable prices. “We will walk this journey with you to produce affordable cars. Our plea is that you price these vehicles reasonably,” the President said. “We are very keen that our youth, a highly educated group, can get to work in a company of great technological sophistication as VW, which is why we welcome your plans to go full throttle to increase production,” President Kenyatta said. Schaefer is also responsible for VW’s operations in Africa. His vision is to see a successful operation in Kenya in the east, Nigeria in the west, and South Africa. Kenya’s interest is to grow a major auto manufacturing plant, with the capacity to meet the supply needs of East and Central Africa. VW set up in Kenya in 2016, and its first car rolled off the ramp less than a year later. Last year, French carmaker Peugeot started manufacturing cars in Kenya, while Japanese vehicle manufacturing giant Toyota started assembling some models in Kenya in 2015. President Kenyatta met Schaefer in the margins of meetings with the South African ruling party ANC. Boosting relations between the two countries, especially manufacturing and agriculture to grow jobs for youth in both countries, is at the heart of talks he is holding.
Read More

Category: business

Suggested

2 hours ago, 11:43
@StandardMedia - By: Maria Nene
The psychology of colour in a building

There is more that goes into the choices than just beauty. ...

Category: business news
1 hours ago, 11:57
@StandardMedia - By: Maria Nene
The psychology of colour in a building

There is more that goes into the choices than just beauty. ...

Category: business news
2 hours ago, 10:58
@StandardMedia - By: Valentine Kondo
Will President Uhuru Kenyatta's warning to Passenger Service Vehicles succeed?

President Uhuru Kenyatta has warned operators who are overcharging passengers to stop else their licences withdrawn ...

Category: business news
2 hours ago, 10:58
@CapitalFMNews - By: Agence France Pres ...
Amazon considering opening 3,000 cashierless stores: Bloomberg

WASHINGTON, United States, Sept 20 - Amazon is considering opening up to 3,000 new cashier-less stores by 2021 to vie for shoppers at convenience stores Kenya breaking news | Kenya news today | ...

Category: business
1 hours ago, 12:09
@BusinessDaily - By: Kazungu Samuel
KPA leases storage facilities to ease congestion at ICD

Five periphery storage facilities leased by Kenya Ports Authority (KPA) to boost Nairobi ICD capacity are expected to start receiving containers. ...

Category: business markets news
2 hours ago, 11:21
@BusinessDaily - By: Mwangi Ndirangu
Kevian inks potato seeds deal with Irish firm

Potato farmers in Kenya have been experiencing low and poor harvests. ...

Category: business opinion news
Our App