Nissan to sell South Africa plant to China’s Chery

TOKYO — Nissan will sell its manufacturing assets in Rosslyn, South Africa.

The local arm of China’s Chery is purchasing it for an undisclosed sum—deepening Chinese automakers’ footprint in the country’s auto sector.

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Stephen Grootes speaks to Michael Pashut, Owner of CHANGECARS and host of Keep it or CHANGECARS podcast, about Nissan’s decision to sell its Rosslyn manufacturing plant to Chinese-owned Chery South Africa, a move that signals the end of Nissan’s 60-year vehicle manufacturing presence in the country. The deal, subject to regulatory approval, will see Chery acquire the facility and its associated assets, with most jobs expected to be retained. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.
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