: Mitsubishi Motors Corporation, DaimlerChrysler
South Africa (DCSA) and Ford Motor Company of Southern Africa (FMCSA)
have agreed on the transfer of production and sales operations relating
to MMC passenger cars and light commercial vehicles from FMCSA to DCSA
starting 1 April 2001.
As a result, all operations relating to the production and sales of
MMC passenger cars and light commercial vehicles in South Africa will
now be concentrated at DCSA.
Until this agreement, DCSA has produced and sold the Mitsubishi L200
1-ton pickup ("Colt" in South Africa, "Strada" in Japan), while FMCSA
has produced and sold the Mitsubishi L300 minivan ("Delica" in Japan)
and sold the Mitsubishi Pajero and Pajero iO models in South Africa.
MMC and DaimlerChrysler have recently forged a comprehensive equity-based
strategic alliance in the passenger car and light commercial vehicle sectors.
This latest agreement will further strengthen the cooperative ties between
the two companies in South Africa.
[Corporate Outline]
| 1. DaimlerChrysler South Africa (DCSA) |
| Established: |
1962 (Changed name from Mercedes Benz South Africa in
1999) |
| Capital: |
416 million Rand (approximately 6.7 billion yen) |
| Equity: |
DaimlerChrysler 100% |
| Employee: |
approximately 4,500 |
| Models: |
MMC: L200
Mercedes Benz: A-Class, C-Class, S-Class, M-Class, Heavy-duty trucks
|
| Sales Volume: |
CY1999 --- 26,707 units
(including MMC vehicles --- 5,424 units) |
| 2. Ford Motor Company of Southern Africa (FMCSA)
|
| Established: |
1985 |
| Capital: |
642 million Rand (approximately 10.3 billion yen) |
| Equity: |
Ford US 90%, Anglo group 10% |
| Employees: |
approximately 5,300 |
| Models: |
MMC:
Mazda:
Ford:
Others: |
L300, Pajero, Pajero iO
323, 626, Bongo, 0.5t Pick-up (323 base)
Ford brand version of the above Mazda models,
Fiesta, Escort, Mondeo
Jaguar, Volvo |
| Sales Volume: |
1999CY --- 44,291 units
(including MMC vehicles --- 2,440 units) |
