GAC Motor and Salvador Caetano Auto have come to an agreement regarding the distribution of vehicles, spare parts and services, in South Africa.
GAC Motor, a subsidiary of GAC Group, is committed to bringing quality products and services to customers around the world. GAC Group, founded in 1997, is one of the country’s major vehicle manufacturers, with 113,000 employees and Fortunate Global 500 ranked No.165. GAC Group is committed to building a world-class company which wins customers’ trust, ensures staff’s well-being, and meets social expectation.
Salvador Caetano Group is an international group dedicated to the automotive industry and sector, present in 3 continents, in more than 41 countries and with more than 7,000 employees. Founded in 1946, the Salvador Caetano Group has more than 75 years of experience and currently has more than 100 companies established in Europe, South America, and Africa, in the following business areas: Industry (automobiles, buses and aeronautics), automobile import and distribution, mobility, industrial equipment, workshops and services.
Both parties signed a strategic agreement for the distribution and retail operations in South Africa.
“This agreement settles the beginning of an important milestone for Salvador Caetano Auto, starting with our presence in South Africa with the possibility to enlarge this partnership to other markets in the future.” says Sérgio Ribeiro, Executive Board Member of Salvador Caetano Auto and CEO of Global Automotive Distribution. And he also highlights the strategic importance of this partnership: “This strategic partnership marks the beginning of a significant investment that will enable us to rapidly establish GAC Motor as a relevant automotive player in South Africa”.
“Dedicated to the automotive industry for years and present on three continents, GAC Motor have accelerated the process of international business. This partnership with Salvador Caetano Auto in south Africa is the startup of the cooperation of both parties. Both companies will leverage their respective strengths to bring quality products to South Africa, while building a strong dealership network focused on customer satisfaction” says Mr. Wang Shunsheng, Deputy General Manager of GAC Motor.
Con Mammoth
South Africa is ranked 62nd overall in the latest edition of the World Economic Forum’s Travel and Competitiveness Report 2013, which surveys 140 countries on their policies to develop the travel and tourism sector. (66th in 2011).